EMA Breakout with Stochastic Strategy

EMA breakout with stochastic strategy is a momentum-breakout system based on the breakout of moving average with momentum. This strategy is simple but professional.
Time frame 60 min, 120 min, 240 min 360, daily.
Currency pairs: Majors and minors.

Forex indicators setting
Stochastic oscillator (15, 3, 9)
exponential moving average setting (50 period TF 60 min – 34 period TF 240 min , TF 360 min , TF 480 min, 21 period 720 min and daily TF.
The best time frame is daily.

Trading rules EMA Breakout with Stochastic Strategy
The filter of this strategy is that the breakout candle is with long body more great of the previous three candles.
Buy
The price close above the EMA
Stochastic oscillator crosses up but it's not in overbought.
Place initial stop loss below the previous swing low.
Profit Target depends by time frame for example daily 30-50 pips.


Sell
The price close above the EMA
Stochastic oscillator crosses down but it's not in oversold.
Place initial stop loss below the previous swing low.
Profit Target depends by time frame for example daily 30-50 pips.
EMA Breakout with Stochastic Strategy

EMA Breakout with Stochastic Strategy

EMA Breakout with Stochastic Strategy

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