Hey traders,
I wanted to share with you a simple 3 EMA pullback strategy that I've been using over the recent weeks.
I've embedded the full tutorial video below:
The systems uses two indicators moving averages (determine the trend) and the MACD (signal for a pullback). Both indicators are slightly modified and included in the download below along with the MT4 template.
Rules
LONG
1) Top 50, middle 100 bottom 200
3) MACD above 0 line
3) MACD downward cross over
4) 200 EMA green
5) Price touched/closed below any EMA
6) No obvious bearish divergence
7) Enter open of next candle
SHORT
1) Top 200, middle 100 bottom 50
2) MACD below 0 line
3) MACD upword cross over
4) 200 EMA red
5) Price touched/closed above any EMA
6) No obvious bullish divergence
7) Enter open of next candle
STOP LOSS LEVEL
1) Below 200 EMA
2) S&R Level / Round Numbers
Chart example
Download includes:
1) Moving average MT4 indicator
2) MACD MT4 indicator
3) MT4 template
4) Text file of rules
I wanted to share with you a simple 3 EMA pullback strategy that I've been using over the recent weeks.
I've embedded the full tutorial video below:
Inserted Video
The systems uses two indicators moving averages (determine the trend) and the MACD (signal for a pullback). Both indicators are slightly modified and included in the download below along with the MT4 template.
Rules
LONG
1) Top 50, middle 100 bottom 200
3) MACD above 0 line
3) MACD downward cross over
4) 200 EMA green
5) Price touched/closed below any EMA
6) No obvious bearish divergence
7) Enter open of next candle
SHORT
1) Top 200, middle 100 bottom 50
2) MACD below 0 line
3) MACD upword cross over
4) 200 EMA red
5) Price touched/closed above any EMA
6) No obvious bullish divergence
7) Enter open of next candle
STOP LOSS LEVEL
1) Below 200 EMA
2) S&R Level / Round Numbers
Chart example
Download includes:
1) Moving average MT4 indicator
2) MACD MT4 indicator
3) MT4 template
4) Text file of rules
Never stop investing. Never stop improving. Never stop doing something new
thank you good one
