EMA 200 Multitime Frame Day Trading
System is a trend following trading system.
Multiple time frame is a great filter
for improve your day trading.
This trading system is based on three
time frame for filters signals.
Time frare are 4H, H1 and 15 min.
15 min time frame chart is used for
timing for entry in the same direction of the 60 and 240 min time
frames.
Currency pairs: any.
Forex Indicators:
200 EMA close,
50 EMA, close,
5 EMA, close.
Trading rules EMA 200 Multitime
Frame Day Trading System
15 min time frame setup for entry
Buy
5 EMA > 50 EMA and 200 EMA
Place initial stop loss 3 pips below on
the previous swing low.
Profit Target ratio 1:2 Stop loss.
Sell
5 EMA < 50EMA and 200 EMA.
To confirm this setup also at the 4H
and 60 min.
Place initial stop loss 3 pips above on
the previous swing high.
Profit Target ratio 1:2 stop loss.
This strategy has good profittability.
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