ema1250
Created on 11/29/2014 3:57:47 AM
Trading Rules
For long positions:
EMA 12 crosses SMA 50 from below
There’s a perceptible gap between the EMA 12 and SMA 50 (bullish trend)
Green Smoothed Heiken Ashi Candlestick appears on the chart
==> Initiate Buy trade.
Stop Loss: Place initial stop 5 pips below the SMA 50 line.
Buy Exit Strategy 1 : Exit the trade on the first RED Smoothed Heiken Ashi Candlestick.
Buy Exit Strategy 2 : Risk/Reward, ideally a minimum of 2:1 (i.e. risking 20 pips to make 40)
For short positions:
EMA 12 crosses SMA 50 from above
There’s a perceptible gap between the EMA 12 and SMA 50 (bearish trend)
Red Smoothed Heiken Ashi Candlestick appears on the chart
==> Initiate Sell trade.
Stop Loss: Place initial stop 5 pips above the SMA 50 line.
Sell Exit Strategy 1 : Exit the trade on the first GREEN Smoothed Heiken Ashi Candlestick.
Sell Exit Strategy 2 : Risk/Reward, ideally a minimum of 2:1 (i.e. risking 70 pips to make 140)
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
Condition 109
Moving Average 12 Exponential Close
Crosses from Top to Bottom
Moving Average 50 Simple Close
Sell Signals
Condition 4
Moving Average 12 Exponential Close
Crosses from Bottom to Top
Moving Average 50 Simple Close
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.