This system requires a break of a fractal. Moving averages are for identifying trend direction and entries and exit. This system works on a 15 minute, 30 minute and 1 hour chart. This is applicable in any currency pairs. Suggested trading time is 9:00 GMT to 22:00 GMT.
5 EMA (exponential moving average High);
5 EMA (exponential moving average Low);
60 Smoothed moving average;
I-Paramon Work Time;
Rules for LONG entry:
Up Fractal must be broken.
Go LONG when Price touches 5 EMA Low
Exit when price touches 5 EMA High
Rules for SHORT entry:
Down Fractal must be broken.
Go SHORT when Price touches 5 EMA High (Sell Limit at 5 EMA High)
Exit When Price Touches 5 EMA Low (Buy Limit at 5 EMA Low)
Only take buys Trades when prices are above 60 EMA, Reverse for Shorts (Selectable)
Things to consider:
You can select any time frame for this system
Cross Time Frame Trading (Example select H1 Fractals, Take buys and sells on H30)
Stop Loss must be .1%
Take profit at 100 Pips.
How to install EMA Fractal Forex Breakout Strategy?
Download EMA Fractal Forex Breakout Strategy.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex strategy
Right click on your trading chart and hover on “Template”
Move right to select EMA Fractal Forex Breakout Strategy
You will see EMA Fractal Forex Breakout Strategy is available on your Chart