15 min ema strategy for forex

I know, I know — the complexity of it is staggering, right? You can also add the 21 and 35 moving averages — as well as the and SMAs simple moving averages. Just for higher time frame reference — but the 5,10, and 50 provide the basic trading strategy. But the credit for this outstanding strategy goes to a friend and fellow trader, Clay Ferrell.

He was nice enough to share it for free at the Forex Factory forum. The original rule is to enter on the first retrace touch to the 10 MA. However, I often enter when the price has crossed and made a minute candle close past the 50 MA. And because patience is not one of my virtues. It shouldn't be more than pips away from your entry point. One of the main strengths of this strategy is its low risk. It works best when the 5 and 10 Mas are both rising at a fairly steep angle.

The 10 MA line should continue to rise in a buy trade , and also act as initial support for the price. And often price will just touch the 50 MA line and immediately bounce off of it. The game is often over the second time that the 50 MA is challenged.

It is better to get stopped out with just a small profit than to let a profit turn into a loss. I initially wished I was still in the trade and am tempted to jump right back in. I urge you to set up your own charts with the three moving averages and watch the market action for yourself.

Believe it or not, if we can simply average catching one good trade a day with this strategy, we will make it to our goal of a million dollars in 18 months or less. You need to put in the time and effort to always be learning how to improve your trading. And it is. But it can seem oh so slow in the beginning. For some forex traders, they feel most comfortable trading the 1-hour charts. This time frame is longer, but not too long, and trade signals are fewer, but not too few.

Trading on this time frame helps give more time to analyze the market and not feel so rushed. Which EMA is best for 5 min chart? Go long 10 pips above the period EMA. For an aggressive trade, place a stop at the swing low on the 5-minute chart. For a conservative trade, place a stop 20 pips below the period EMA. How do you trade in the first 15 minutes?

The minute rule is a straightforward and powerful one for the day trader. Simply, it says this: if a stock is in a trending formation and breaks its minute high that is, the high created in the first 15 minutes of trading , it is likely that it will continue in the direction of the break upward.

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For this particular trading strategy, the timeframe that should be used is the minute chart. It can also work well as a scalping strategy on the 1-minute and 5-minute timeframes. You may use any currency pair that you like for this strategy. Chart Setup It is important that you set up your charts right in order to get the best results from this trading strategy.

You may choose any trading session that you desire to use, and it is recommended that you work with the 1-minute, 5-minute, and minute charts. We will be using MetaTrader4 Indicators for this setup. Here are the indicators to use: Below is what a buy trade strategy would look like: The Stochastic with the following parameters: slowing Proceed to buy only when both of the following conditions exist: A clear buy signal is if the fast blue line of the Stochastic Indicator crosses the slow red line to the upside from inside the oversold region below 20 level on the Stochastic.

It should break and remain above the oversold region above Once this condition has been satisfied, you should proceed to buy. Another buy signal is the existence of bullish pressure. It can also work well as a scalping strategy on the 1-minute and 5-minute timeframes. You may use any currency pair that you like for this strategy. Chart Setup It is important that you set up your charts right in order to get the best results from this trading strategy.

You may choose any trading session that you desire to use, and it is recommended that you work with the 1-minute, 5-minute, and minute charts. We will be using MetaTrader4 Indicators for this setup. Here are the indicators to use: Below is what a buy trade strategy would look like: The Stochastic with the following parameters: slowing Proceed to buy only when both of the following conditions exist: A clear buy signal is if the fast blue line of the Stochastic Indicator crosses the slow red line to the upside from inside the oversold region below 20 level on the Stochastic.

It should break and remain above the oversold region above Once this condition has been satisfied, you should proceed to buy. Another buy signal is the existence of bullish pressure. You should place your stop loss about 2 pips below the support level.

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