Hello!
Instrument
EURUSD
Time frame
M15
System type
Trend following
Trend direction
EMA20 > EMA50 = Trend is UP
EMA20 < EMA50 = Trend is DOWN
Prerequisites for BUY entry
Instrument
EURUSD
Time frame
M15
System type
Trend following
Trend direction
EMA20 > EMA50 = Trend is UP
EMA20 < EMA50 = Trend is DOWN
Prerequisites for BUY entry
- Trend is UP
- Last bar's close < EMA20
Prerequisites for SELL entry
- Trend is DOWN
- Last bar's close > EMA20
Entry Rules
- Do NOT sell if trend is UP
- Do NOT buy if trend is DOWN
- Otherwise use discretion (e.g. time of day, candle patterns, last day's high and low, etc.)
Stops & Profits
- Do NOT use last S&R for placing stops.
- Do NOT use next S&R for take profits.
- Do NOT move stops to "break even".
- Wait for bigger profits to materialize.
- But close trades that do not start working on the next few bars.
Indicators
- EMA20
- EMA50
- Entry Zone.mq4
Will post some trades when they happen.
Attached File(s)
fifty_v1.tpl
1 KB
|
506 downloads
Entry Zone.mq4
1 KB
|
598 downloads