Ema rsi stochastic forex trading strategy




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Ema rsi stochastic forex trading strategyEMA RSI Stochastic Forex Trading Strategy

Enter a BUY position when the 5 EMA crosses the 10 EMA upward, with the Stochastic lines surging northward (up) and ensure that the Stochastic lines are not aligned in the overbought region (above the 80.00 mark). The third indicator is the RSI, which should be in a region above 50.

Place Stop Loss below the candle that introduces the 5 EMA 10 EMA crosses in the opposite direction

Exit/Target Profit:

Take profit or exit the trade when the 5 EMA cross the 10 EMA downward and normally this cross is situated above the earlier cross that signaled the entry.

EMA-RSI-Stochastic Forex Trading Strategy Buy Signal

The example above shows conditions for a buy entry with the red arrows pointing to the 3 points, showing the 3 conditions necessary for a buy entry. On the chart we have 5 EMA represented by the red line, while the 10 EMA is the green line. The 5 EMA crossed the 10 EMA upward, the RSI surged upward and is aligned above the 50.000 mark and the Stochastic lines point northward but not in the overbought regions (above the 80 mark).

Go short when the 5 EMA crosses the 10 EMA downward, with the Stochastic lines heading downward as well (but not in the oversold region – 20) and the RSI is below the 50.000 mark.

Place Stop Loss above the candle that introduces the 5 EMA 10 EMA crosses in the opposite direction.

Exit Strategy/Take Profit:

Take profit or exit the trade when the 5 EMA cross the 10 EMA upward and normally this cross is situated below the earlier cross that signaled the entry.

EMA-RSI-Stochastic Forex Trading Strategy Sell Signal

From our example above, the short signal was entered at the instance of the EMA crosses, downward Stochastic lines movement (but lines not in the oversold region – 20) and the RSI below the 50 mark.