Strategy based on EMA, ADX and MACD

Strategy based on EMA, ADX and MACD

Recommended timeframes H4

Instruments: any

Time frames: H4, D1 

Indicators:

• 4 EMA (an exponential moving average with the period of 4);

• 10 EMA ( an exponential moving average with the period of 10).

• ADX (28) с +DI and -DI

• MACD (5,10,4)

Short positions should be opened when the 4 EMA is crossing the 10 EMA from below, and MACD is over 0. At the same time, +DI must be above –DI.

Long positions should be opened when the 4 EMA is crossing the 10 EMA from above, and MACD is less than 0. At the same time, -DI must be above +DI.

Exit points:

Take Profit for H4:
EUR/USD - 60 points, GBP/USD - 70 points, USD/CHF - 40 points

Take Profit for D1:
EUR/USD - 200 points, GBP/USD - 250 points, USD/CHF - 150 points

Stop Loss: 3 times less than Take Profit