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On Trend Following Forex Strategy 2
This style is another trend following system like the first one but this one uses a colored MACD. Use this system on a 4 hour to daily timeframe.
Forex Indicators:
- 25 EMA
- 50 EMA.
- 100EMA
- ADX (14)With +DI AND -DI.
- Color MACD (5 , 10, 4)
For long entry:
- ADX must be greater 22
- 25 EMA is greater than 50 EMA and 100EMA;
- MACD color green.
For short entry:
- ADX is greater than 22;
- 25 EMA less than 50 EMA and 100EMA;
- MACD color red.
If you are in a 4 hour timeframe, take profit at 60 pips for EU, 70 pips for GU and 40 pips for USDCHF. On a daily timeframe, take profit at 200 pips for EU, 250 pips for GU and 150 pips for USDCHF.
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