- The 3 EMA crosses the 25 EMA
- Both Stoch lines are heading up but not overbought by Stoch and CCI charts
- MACD is 0.00 or above and vertical lines are in the positive
Enter Short If:
- The 3 EMA crosses the 25 EMA
- Both Stoch lines are heading down but not overbought by Stoch and CCI charts
- MACD is 0.00 or below and vertical lines are in the positive
Exit Rules:
- Warning if the 3 EMA crosses the 7 EMA - That's point you should begin to watch.
- Exit if the 3 EMA crosses the 25 EMA in the opposite direction of trade
- If MACD falls opposite side of 0.00
Outlined below is my first Forex System. I'm going to trade on 5 Minute and possibly 1 Minute charts on AUD/USD, EUR/USD, USD/CHF
Trading in Lots of 100,000 until system is well-proven.
Graph Setup:
EMA of 3, 7 and 25
MACD of 8,17 and 9
Stoch of 8,3 and 3
CCI of 8 with Limits at 100 and -100
Set Stop Losses of all trades at 25 PIPs
Enter Long If:
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