214# Forex Wave
Forex EMA Wave Trading System
Submit by Joy22 12/05/2012
Time Frame: 1 min, 5min,15min, 30min
Currency Pairs: all.
Forex Indicators:
Long Entry
When the price retraces into the wave from above the wave
wait a candle that closes above the wave
with Stochastic >50 and MACD>0
Short Entry
When the price retraces into the wave from below the wave
wait a candle that closes below the wave
with Stochastic <50 and MACD<0
Setting for 30 min time frame
Stop Loss
for sell 2 pips above 34 EMA close.
for buy 2 pip below 34 EMA close.
Profit Target on the level pivot or 35 pips.
Forex Wave template
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danni (Wednesday, 09 December 2015 12:04)
good strategy..