120# EMA, RSI, Trading System
Two exponential moving averages with relative strength index (RSI)
Submit by Janus Trader 04/02/2012
Timeframe: 1-hour.
In this system, we use 3 indicators:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the Close.
Entry Rules for Long Trades:
It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the
upside… AND our RSI 21 > 50.
Entry Rules for Short Trades:
Enter short when EMA 5 crosses EMA 12 to the downside.
AND RSI 21 < 50.
Stop loss = 20 – 30 pips… depending on the volatility of the currency
pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less
volatile pair, like EUR/USD, use stop loss of 20 pips.
Timeframe: 1-hour
Exit Rules for Long Trades:
Exit the trade when EMA 5 crosses back below EMA 12
Or when RSI 21 < 50.
Or when price stalls at major resistance, trendline, pivot points,
Or when bearish engulfing patterns or inverted hammer patterns form.
Exit Rules for Short Trades:
Exit our short trade when EMA 5 crosses above EMA 12
OR RSI 21 > 50
In the pictures below EMA, RSI, Trading System in action.
Share your opinion, can help everyone to understand the forex strategy
RSI Forex Strategies
56# Double RSI - Forex Strategies - Forex Resources - Forex ...
40# MACD, RSI, 50 Ema and Pivot Points - Forex Strategies -
8# RSI and Stochastic - Forex Strategies - Forex Resources - Forex
14# RSI and Two EMA - Forex Strategies - Forex Resources -
37# Dynamic Zone RSI - Forex Strategies - Forex Resources -
RSI Metatrader Indicator - Forex Strategies - Forex Resources ...
212# LWMA and RSI - Forex Strategies - Forex Resources - Forex
12# Ema, stochasticand RSI - Forex Strategies - Forex Resources
72# EMA's, RSI and Stochastic - Forex Strategies - Forex
126# MACD With Laguerre RSI and EMA Channel - Forex ...
60# RSI,ATR, and SMA - Forex Strategies - Forex Resources -
108# EMA's and RSI - Forex Strategies - Forex Resources - Forex
321# RSI Filter - Forex Strategies - Forex Resources - Forex
81# RSI Trend Following Strategy - Forex Strategies - Forex ...
13# RSI and WMA - Forex Strategies - Forex Resources - Forex ...
120# Trading System, EMA RSI Trend - Forex Strategies - Forex ...
6# Pivot and RSI Divergence - Forex Strategies - Forex Resources
26# RSI and MA Cross inside Bollinger Bands - Forex Strategies ...
74# RSI, SMA and ATR - Forex Strategies - Forex Resources -
10# Bollinger Bands, RSI and ADX - Forex Strategies - Forex ...
Nich (Friday, 26 July 2013 15:48)
This is a good strategy. However it may go wrong near global support or resistance. Trade with the day's trend is a rule in these cases.