72# Stochastic and Double EMA Forex Trading system

Submit by Aurora Trader 25/01/2012

Time Frame 30 min or higher

Currency pairs:all

Indicators:

Stochastic (5.3.3)

100 EMA

21 EMA

Long Entry

1. Find an up trending market 21EMA>100EMA(up trend). 

2. Wait for the price to pullback towards the rising 100EMA.Go long in the vicinity of the rising 100EMA if the Stochastic Oscillator turns positive from oversold market conditions.

3. Place stop 3 pips below the most recent level of support.

4. Place Profit Target 25-35 pips

Short Entry

1. Find an up trending market 21EMA<100EMA( down trend ). 

2. Wait for the price to pullback towards the rising 100EMA.Go short in the vicinity of the rising 100EMA if the Stochastic Oscillator turns positive from overbougth market conditions.

3. Place stop 3 pips below the most recent level of support.

4. Place Profit Target 25-35 pips.