Price pullback strategy

Price pullback strategy is a forex system trend following with two entries first is the crossover of the moving averages second is the pullback of the price on moving average.
Time Frame 30 min or higher.
Forex Indicators
EMA 7 period, close.
EMA 21 period, close.
MACD (14, 34, 9) as filter of the crossover MA.
Rules Price pullback strategy
Buy
a. The EMA 7 is above EMA 21
b. The EMA 21 is upward not flat.
c. wait for price to pull-back between two EMA lines. for place a Buy order 2 pips above the High of the last bar. When price breaks above the High of the last bar by 1-2pips, enter a Buy trade.
- Stop Loss: place initial stop loss 2 pips below the Lowest Price of the Pull-Back (Retracement).
- Profit Targets: ratio stop loss 1:2 or when the EMA 7 change direction.
For filter false signal you can add the MACD. MACD Histogram going upward or above zero line.
Sell
a. The EMA 7 is below EMA 21
b. The EMA 21 is downward not flat.
c. wait for price to pull-back between two EMA lines. for place a Sell order 2 pips below the Low of the last bar. When price breaks below the High of the last bar by 2pips, enter a Sell trade.
- Stop Loss: place initial stop loss 2 pips below the Lowest Price of the Pull-Back (Retracement).
- Profit Targets: ratio stop loss 1:2 or when the EMA 7 change direction.
For filter false signal you can add the MACD. MACD Histogram going downward or below zero line.
This is a very discretionary strategy not suitable for beginners because to get into the pullbacks you have to experience, it's a trading technique that needs a lot of practice.
Pullback is a technique that has a great risk-reward.
Picture price is trading above both EMA7 and EMA21.  
Price is between two EMA lines.
Price pullback strategy
  One or more bars touch EMA21 place a Buy order 2 pips above the High of the last bar (the last red bar).
Price pullback strategy

Examples 
Price pullback strategy with MACD


Price pullback strategy

Price pullback strategy with MACD

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