Trend momentum trading with Moving Averages and RSI

Trend momentum trading with Moving Averages and RSI is a trend following strategy. It is a simple combination of moving averages and RSI oscillator.
Currency pairs: any currency pairs.
Time frame 30 min or higher.

Indicators setting:
EMA 5 period, close;
EMA 18 period, close;
RSI 14 period, close.

The crosses of the moving averages generates false signals, for decrease these false signals with two exponential moving averages lines with different periods create a tunnel which is used to determine beginning and ending of a trend. If the tunnel is narrow, there is a trend beginning signal. In order to confirm this signal, Relative Strength oscillator is used.

Trading rules Trend momentum trading with Moving Averages and RSI
Buy
EMA 5 above EMA 18 and the distance between two EMA lines is no more than 8 points (EUR/USD 30 min time frame to see below).
RSI above 50 level.
Long entry when the price come back on fast EMA (retracement trading).
Sell
EMA 5 below EMA 18 and the distance between two EMA lines is no more than 8 points (EUR/USD 30 min time frame to see below).
Short entry when the price come back on fast EMA (retracement trading).
RSI below 50 level.
The stop loss is optional but recommended.
Exit position when two EMAs crossed again or with predetermined target profit.
Exmples distance between two MA (11 period and 21 period): EUR/USD 30 min 7 pips, 60 min 10 pips - GBP/USD 30 min 8 pips, 60 min 11 pips – USD/JPY 30 min 7 pips, 60 min 10 pips.
In this strategy there are two important concepts for trading: retracement of the  price and distance between EMAs.
Trend momentum trading with Moving Averages and RSI
 In the picture below we have 3 good signals 1 loss signal and a range market filtered by flat distance of the EMA.
Trend momentum trading with Moving Averages and RSI

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