65# 100EMA and MACD “4H Strategy”

The 100 Exponential Moving Average serves as a support/resistance line as it is known to be used by major banks and financial institutions, a self-fulfilling prophecy, so to say.

System Rules

Long: Take a long trade when price closes above 100 EMA and MACD histogram goes

above 0 line.

Short: Take a short trade when price closes below the 100 EMA and MACD goes below.

Re-entry: When the price, once has given a long or short signal, retraces back to the 100

EMA, re-enter the direction you went the first time. It is recommended to do it the first 2 times the price hits the 100 EMA and keep a watch the reafter.

Retrace entry: When a bar is over 100 pips, wait for a retracement to occur towards the

100 EMA line and then enter. This will save you from unnecessary draw down.

Exit rule

Scaling: take 3 positions per trade. I set my first TP to 40, 2nd TP to 70 and

let the third position run with Stoploss at breakeven.

As an example, once my trade hits the first target, I moved the second position to

breakeven and leave the third as it is. When the 2nd position is hit, I move the 3rd to

breakeven, giving the trade enough room to breathe. I then look for the price to come

back, to add to the position,