The Double EMA (exponential moving average) forex strategy is composed of 3 technical indicators.
The 2 EMA indicators create a cross-over strategy that will be used to define the primary up-and down trend.
The Trend Bars indicator will be used to enter the long or short trade in the direction of the primary trend.
Trading Tools/Settings
Used Indicators: 75 period Exponential Moving Average, 15 period Exponential Moving Average, Trend_Bars
Time frame(s): 1 Hour and above
Trading sessions: All
Currency pairs: All
Download
Download the Double Exponential Moving Average Strategy.
GBP/USD 1 Hour Chart Example
Trading Rules
Buy Trade: Go long when the 15 EMA crosses the 75 EMA from below and the Trendbars indicator changes from red to blue color.
Place protective stop-loss below the most recent support area.
Take profit when the 15 EMA crosses the 75 EMA from above (or use any other method).
Sell Trade: Go short when the 15 EMA crosses the 75 EMA from above and the Trendbars indicator changes from blue to red color.
Place protective stop-loss above the most recent resistance area.
Take profit when the 15 EMA crosses the 75 EMA from below (or use any other method).