Simple forex strategy

This system  uses 2 technical indicators to show you when you should enter and exit a trade. 

These are called

1-Macd  12   ,26   ,9

2-the Exponential Moving Average 7, 21 and 50.

Setup a 60 minute USD/CHF chart. 

You can choose any major pair you like though.

 Insert Moving  average

When to ENTER a trade

when the EMA 7   crosses the 21 and the 50. 

If the 7 crosses the 21 and 50  up from the bottom, and the macd in buy

you enter your trade ‘long’ and ‘buy.

 If the 7 cross the 21 and 50 down from the top and the macd in sell

 you go ‘short’ and  ‘sell’.

In the example above,  there was a great opportunity to go long on the USD/CHF pair,

where I circled and  labeled enter.  Notice how the EMA 7 crossed up the 21 and 50 and the macd in buy.

*If you are trading the hour charts  like in the above example, make sure that the 15 min charts macd is going the same way.

When to EXIT a trade

The best time to exit a trade is when the price crosses back down through all 3 EMA’s on the chart.

Where to Set the Stop Loss

When you open a demo account you will find on the online trading platform that you will always be able to enter a stop order

level that will automatically stop out your trade at the level you set, or a limit order that will close your position at your desired

profit level.

You should always set your level just below the EMA 50.  As your position moves in the right

direction, you should move your stop accordingly.

Then if your position moves against you, you would have locked in your  profits by moving up your stop order.

It is important that if the prices cross back over the 7,  21  and 50 that you close your  position