Best Trading Forex 5 minute Ema intraday Trading System & Strategy very profitable for day trading not a daily trading.
Trading in Forex with High Profitability 5 minute Ema intraday Trading System and Forex Strategy – Moving Average and ADX indicators.
Exponential Moving Average Indicator:
The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).
The ADX technique is very user friendly technical chart to used in real world trading in forex.
This combination help to reduce the noise and give better result. and confidence of the trend flow. Provide a technical trader the information needed to make a profitable trade.
Forex 5 minute Ema intraday Trading Rules
Adx and 5 minute Ema intraday Trading is a great tool that eliminates the price noise to help you to take the strong trade setups and hold your positions to maximize your profit.
Which Time Frame is best to trade in forex?
Best Time Frames: m5, m15
MetaTrader Trading Indicators
Exponential Moving Average indicator
Simple Moving Average indicator
Always Add In your template
Relative Strength Index
What time frames should you be tracking?
Most Recommended Currency Pairs: EUR$, GBP$, JPY$ & EURJPY
Golden Rules: Always a general rule is that the longer the time frame, the more reliable the signals being given. As you drill down in time frames, the charts become more polluted with false moves and noise.
Forex trading strategies for beginners
- Forex Trading Strategies ‘Profit Forex System
When TRADE CRITERIA:
1 Wait for the 50SMA angle to be more that 20 degree
2 Wait for 21EMA on SMAangle indicator to cross the 0.1 or -0.1/0.15 or -0.15 line.
2.1 The area between the 0.1 and -0.1 lines is called the no-trade zone.
2.2 No trades to be taken if 21MA is in the no-trade zone.
3 Wait for price to pull back through 10EMA to 21EMA (area between 10MA & 21MA is called the fire or war zone)
4 Optional – SMAangle bars to be higher or lower than 0.2 or -0.2 line
10 Buy Sell Entry and exit
- Use a market order to enter within the war zone as specify
- Put Stop Loss 6+spread pips away
- Move stop loss to break even after a clean 6 pips gain/profit
- No Trailing Stop Loss
- Put/activate profit limit on 10-15 pips
- There are plenty of chances to get in a trade:
- Don’t try to trade every signal that might work
- Wait for the good setup to occur
- Wait for the High probability ones
- Rather miss an opportunity than to get involve in a bad/wrong set-up