If you enjoy trading with indicators then you might also like this simple but very effective trading strategy that uses 2 EMAs( Exponential Moving Avarages) and a parabolic SAR( Stop And Reversal) dot.
Without any further delay let’s get started
EMA 5, EMA 15 and Parabolic SAR dot (default)
Currency Pairs: Any, but best traded on major and minor pairs.
Time frame: Any time frame.
Look to buy when these two conditions happen:
1. EMA 5 crosses over so that it is above EMA 15.
2. Parabolic SAR dot appears below the price candlestick
Stop loss: place a stop loss few pips below the entry point.
Take profit target: exit the trader when the parabolic SAR dot appers above the candle.
Let’s take a look at a buy trade example.
Note: EMA 5 is the blue line and EMA 15 is the red line.
Look to sell when these two conditions happen:
EMA 5 crosses over so that it is below EMA 15.
Parabolic SAR dot appears above the price candlestick.
Stop loss: place a stop loss few pips above the entry point.
Take profit target: exit the trade when the parabolic SAR dot appers below the candlestick.
Thats it. If you have any questions, don’t hesitate asking in the comments section below. Enjoy.
Also read: How to trade the weekend gaps
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