Trading off the daily chart with 3 exponential moving averages system and forex buy/sell oscillator.
Our aim is to make 200 pips on each trade. This simple system requires very little maintenance.
You’ll only need to check your charts once a day.
Chart Setup
Indicators: 25 EMA, 60 EMA, 100 EMA, Robby DSS Forex
Preferred time frame(s): Daily Chart
Trading sessions: N/A
Preferred Currency pairs: Majors and GBP/JPY
Download
Download the 200 Pips Daily Forex Chart Strategy With 3 EMA’s.
Example: GBP/USD Daily Chart
Here is a daily chart of GBP/USD. As you can see, 3 buy trades made us 600 pips. Click the chart to enlarge.
Trading Rules
Buy Rules:
- 25 EMA above 60 EMA and 100 EMA.
- 60 EMA above 100 EMA.
- Wait for the Robby DSS Forex oscillator to turn back above 20 from below.
- Wait for first Robby DSS blue dot.
Buy the currency pair at the open of the next candlestick.
Place stop below the most recent swing low or 125 pips below entry (whatever comes first).
Price objective: 200 pips
Sell Rules:
- 25 EMA below 60 EMA and 100 EMA.
- 60 EMA below 100 EMA.
- Wait for the Robby DSS Forex oscillator to turn back below 80 from above.
- Wait for first Robby DSS red dot.
Short the currency pair at the open of the next candlestick.
Place stop above the most recent swing high or 125 pips above entry price (whatever comes first).
Price objective: 200 pips