Elite triple ma indicator

Elite triple ma indicatorElite Triple MA Indicator

input Price = close;

input EMA_F = 20;

input EMA_S = 50;

input EMA_L = 200;

def EMAf = ExpAverage(Price, EMA_F);

def EMAs = ExpAverage(Price, EMA_S);

def EMAl = ExpAverage(Price, EMA_L);

def Condition1 = If (EMAf > EMAs EMAs > EMAl, 1, 0);

def Condition2 = If (EMAf > EMAs EMAs < EMAl, 1, 0);

def Condition3 = If (EMAf < EMAs EMAs > EMAl, 1, 0);

def Condition4 = If (EMAf < EMAs EMAs < EMAl, 1, 0);

plot null = Double. NaN;

AddLabel(yes, Concat(EMA: , Concat(,

Simple guppy multi moving average forex system

Simple guppy multi moving average forex systemSimple Guppy Multi Moving Average Forex System

The trend is your friend with the Guppy Multi Moving Average (GMMA) forex system. The system consists of 5 exponential moving average categories (short-term and long-term) to define the major currency trend. This simple system buys when the short-term EMAs lie above the long-term EMAs. Vice versa, it sells when the short-term EMAs lie below the long-term EMAs. The GMMA works extremely well in a trending enviroment. Some traders rake in hundreds of pips profit per trade on the higher time frames using the GMMA system.

Indicators: RainbowMMA_01, RainbowMMA_02, RainbowMMA_03, RainbowMMA_04, RainbowMMA_05, RainbowMMA_06, RainbowMMA_07, RainbowMMA_08, RainbowMMA_09, RainbowMMA_10, RainbowMMA_11

Preferred time frame(s): Any

Trading sessions: Any

Preferred Currency pairs: Any

Example: EUR/USD 15 Min Chart

As shown in the chart above, all short-term EMAs below the long-term EMAs gives us a sell signal (first trade). All short-term EMAs above the long-term EMAs gives us a buy signal (see trading rules below). Click on the picture to enlarge.

Trading Rules

Yellow EMAs > Orange EMAs > Blue EMAs > Green EMAs > Red EMAs

Yellow EMAs < Orange EMAs < Blue EMAs < Green EMAs < Red EMAs

Broker trading emas online open atrading account

Broker trading emas online open atrading accountBroker trading emas online Open A Trading Account losangelesmoving

Uncategorized // // August 25, 2015 // no comments

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Trading stategy4h ema

Trading stategy4h emaTrading Stategy: 4h EMA

Hello traders, my name is Trantula, Im running my own thread on Forex Factory website and I will help you in achieving better results with reviewing and analyzing systems for FX trading.

Indicators: 7, 14 30 EMAs

Entry Position and Stop Loss:

Wait for crossover of 7/14 EMAs . Price must be above 30 EMA for long positions and below for short. Enter at pullback to EMAs, may use PA on 5 or 15M, if not. Place SL below the last swing low below the 30 EMA. Continue to add positions as price enters the 7/14 EMA zone. Continue to move SL as price touches and reverses off of 30 EMA.

Profit Target:

Option 1. Set target profit for all positions to 75-300 pips beyond your first entry.

Option 2. Wait to get stopped out as SL is moved.

How to use ninjatrader to test simple trading strategies

How to use ninjatrader to test simple trading strategiesHow To Use NinjaTrader To Test Simple Trading Strategies

by Mark Williams on February 9, 2009

My current trading platform that I am using is Ninjatrader. The enjoy the ease of use of the program, and the fact that this powerful little sumb**** of a program is free to use for charting and backtesting (but not for live trading).

Free. 100%. AND its powerful. You cant beat that.

Anyway, the purpose of this article is give you a primer on how to create and back test strategies using this powerful program. So lets get started.

First, our strategy:

The 3 Exponential Moving System

This system uses 3 Exponential Moving Averages.

Entries are as follows:

If the Faster and Medium EMAs are above the Slowest EMA, then the only trades that are to be made will be long.

If the Faster and Medium EMAs are below the Slowest EMA, then the only trade that are to be made will be short.

A SHORT trade will be made if the Faster EMA crosses Below the Medium Moving Average.

A LONG trade is exited when the Faster EMA crosses back below the Medium EMA.

A SHORT trade is exited when the Faster EMA crosses back above the Medium EMA.

My Variables are as follows:

Faster Period for EMAs

Medium Period For EMAs

SlowerPeriod For EMAs

Low risk to reward3ema-s forex trading system

Low risk to reward3ema-s forex trading systemLow Risk To Reward 3 EMAs Forex Trading System

3 EMAs forex system is used to find low risk to reward entry points in a trending currency market.

Download link:

Stochastic Oscillator (5,3,3)

Trend confirmation: bullish and bearish candlestick patterns

This indicator identifies the most popular bullish and bearish candlestick reversal patterns for you.

3 EMAs Forex Trending System EUR/USD 5 Min Chart

1. Determine the trend: Are the 3EMAs pointing up, down or flat? DOWN. (we enter no trades in a flat market)

2. As a result, we will only look for possible sell entries in the euro/dollar.

3. We wait for a rally back toward the 3 EMAs for the best possible entry (low risk).

4. Rally back towards the 3EMAs? Check the stoch oscillator (Is it overbought, value +80)? If yes,

5. Now check for a bearish candlestick pattern to pinpoint your short entry in the market.

6. The picture above shows where we entered short the EUR/USD (3EMAs down, Stoch overbought, bearish pattern).

7. Set stop loss above the bearish candlestick pattern and use risk to reward 1.5 or better

How do iuse exponential moving average(ema)to create aforex trading strategy

How do iuse exponential moving average(ema)to create aforex trading strategyHow do I use Exponential Moving Average (EMA) to create a forex trading strategy?

The exponential moving average (EMA) differs from a simple moving average (SMA) by more weight being given to the most recent data. The EMA reacts more quickly to recent price changes than the SMA does.

The EMA is very popular in forex trading, so much so that it is often the basis of a trader's main trading strategy. A common forex trading strategy using EMAs is to select a shorter-term EMA and a longer-term EMA, and to trade based on the position of the short-term EMA in relation to the long-term EMA. A trader enters buy orders when the short-term EMA crosses above the long-term EMA or enters sell orders when the short-term EMA crosses below the long-term EMA.

For example, a trader might use crossovers of the 50 EMA by the 10 or 20 EMA as trading signals. Another strategy that forex traders use involves observing a single EMA in relation to price to guide their trading decisions. As long as the price remains above the chosen EMA level, the trader remains on the buy side; if the price is below the level of the selected EMA, the trader is a seller unless price crosses to the upside of the EMA.

The most commonly used EMAs by forex traders are the 5, 10, 12, 20, 26, 50, 100, and 200. Traders operating off of shorter time frame charts, such as the five - or 15-minute charts, are more likely to use shorter-term EMAs, such as the 5 and 10. Traders looking at higher time frames also tend to look at higher EMAs, such as the 20 and 50. The 50, 100 and 200 EMAs are considered especially significant for longer-term trend trading.

Tagged adx

Tagged adxTwo Moving Average Price Crossover

Place 20 EMA and 30 EMA on USDJPY 1H chart.

Rules for entry:

For Longs/Buys, wait for price to CLOSE above both EMAs and place a Buy order above the high of the bar. Stop loss will be placed at the low of the bar.

For shorts, do the reverse.

Exit current position and reverse when the opposite trade signal appears.

As with all trend following systems, this works best in a trending market and is not good for ranging or whipsaw periods.

Note that this strategy is only concerned with whether price has closed above or below the 2 EMAs. It does not matter if the faster EMA is above or below the slower one.

This differs from the other two MA crossover strategy.

Free download5emas forex system

Free download5emas forex systemFree Download 5 EMAs Forex System

5 EMAs Forex System is a trading course developed for professional trading purposes. This course helps you to learn how to enter the market against the main trend when a definite numbers of conditions are met. The success rate of this trading system is about 85%, so it is right time to use this system in your trading. The system is developed based on 2 main parts that are entry logic and three exit strategies. It can be very effective to trade against a failure of a main trend.

Emas online trading

Emas online tradingEmas Online Trading

Trading Emas Online Indonesia. Emas dan Perak Berpotensi Kembali By foreximf

Resolution: 1210 x 723 · 70 kB · png

Size: 1210 x 723 · 70 kB · png

Emas Online Trading:

Justin Bieber, the official digital host for the EMAs, expressed his delight at his two EMA awards live simultaneously online and in the main show while giving advanced notice before every trade. Australian Minister for Trade Craig Emerson, who is currently in Beijing The selling by James Packers Consolidated Media Holdings of its 26 per cent holding in online recruiting group Seek two and a half years ago surprised the market and now sources Some stocks get constant coverage everywhere from CNBC to The company has a staff of 9,000 between all of its campuses as well as its online courses. The various valuations for BPI all suggest that this is a long-term bullish stock worth taking a CyberRegs is an online service offering govt regulatory compliance information Enhancing the environmental potential of industry the EMAS regulation EUs voluntary Eco-Management and Audit Scheme (EMAS) helps companies to optimize their production “EMAs should therefore The Australian Council of Trade Unions (ACTU) remains concerned that a change to skilled migration may disadvantage local workers. President Ged Kearney said “any plan to ease labour shortages must be matched by investment Following the same logic as EMAS or ISO14001, it encourages the implementation of Networking is also facilitated by an online database with contact details of the key-players acteurs relais and linking them to the different phases of implementing .

With our beloved Emas/Eben and our selfless volunteers, we would give our best efforts to make significant changes with small steps with the help of the beautiful flowers of Manipur and develop this wonderful trading place into the 300 year old charming Between its eco-friendly products, industry leadership in Green practices, and public commitments, Heidelberg was the star student who ruined the curve for everyone else, except, perhaps, in one area: trade shows as ISO 14001, EMAS); an environmental The pace of change in legislation and regulation, the further globalisation of trade, the enhanced sensitivity 32 per cent put environmental monitoring data online but only 14 per cent advertised the achievement of ISO/ EMAS/or other certification Member States are invited to: fully implement the ‘European Code of Best Practices facilitating SMEs’ access to public procurement’; promote the online publication of the Eco-Management and Audit Scheme (EMAS) and with ISO 14.000 and take .

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Forex trading strategy-combining multiple emas with the rsi

Forex trading strategy-combining multiple emas with the rsiForex Trading Using EMAs, Slow Stochastic and RSI »

Forex Trading Strategy combining Multiple EMAs with the RSI

You will learn about the following concepts

If you have any questions or suggestions you are welcome to join our forum discussion about Combining Multiple EMAs with the RSI .

Previously in our trading strategies guide we explained a number of combinations between different indicators, but their number did not exceed two or three. In the current article we will present to you a trading system which is based on five different Exponential Moving Averages, combined with the Relative Strength Index.

This trading strategy can be used with any currency pair and on almost any time frame, but a larger one is preferred 30 minutes or higher. Although it will provide us with signals to enter counter-trend positions, for now we will abstain from commenting and visualizing them, because novice traders should not enter against the market at all. In case you are not a beginner, you will easily find out by yourself where to enter counter-trend.

As we said, we will use five different Exponential Moving Averages. First, we need an 80-period EMA to show us the major trends direction if the price is above the 80 EMA we have a bull trend and vice versa.

Second, we will use a 21-period and a 13-period EMAs to point out the current trends direction (the current minor trend within the major trend). If the EMA with a shorter look-back period (in our case the 13 EMA) is above the one with a longer trackback period (in our case the 21 EMA), we have a bull minor trend, and vice versa.

Third, we use two other EMAs with even shorter trackback periods in conjunction with the Relative Strength Index to generate entry signals. In particular, these are a 3-period EMA and a 5-period EMA, whose crossing, when supported by the appropriate RSI value, tells us whether to enter long or short. However, more conservative trading (which we advise novice traders to practice), calls for ignoring entry signals which are in the opposite direction of the 80-period EMA, thus the opposite direction of the major trend.

Therefore, a long with-trend entry signal will be generated when the 3-period EMA crosses the 5-period EMA from below and edges higher, with both of them penetrating the channel of the 13-period EMA and the 21-period EMA. Moreover, the 80-period EMA must be below the price action (bull trend) and RSI must have a value exceeding 50. An entry must be executed after the signal bar closes beyond the 5-period EMA.

Conversely, a short with-trend entry signal will be presented when the 3-period EMA penetrates the 5-period EMA from above and continues lower, with both of them crossing the channel made by the 13- and 21-period EMAs. This movement must also be coupled with RSI at level below 50 and the 80-period EMA must be above the price action.

There are several exit strategy rules. You need to lock in gains, as soon as the 13 EMA and 21 EMA cross back and signal a reversal in the current trend, or if the 3 EMA and the 5 EMA cross back the channel, made by the 13 EMA and 21 EMA. Additionally, you need to exit, if the RSI crosses back the level of 50 or hits the overbought or oversold level (in our case we will use 75 and 25), which suggests the chance for an upcoming reversal has become much higher. Crosses of the 80-period EMA also mean an immediate exit. Check out the following example.

The yellow line illustrates the 3-period EMA, while the 5 EMA is in blue. The 13 EMA and 21 EMA are in purple and brown respectively, while the 80-period EMA is colored white.

As you can see, the market was in a trading range at the beginning of the chart, as evident by the flat 80 EMA. However, acceleration followed and the price and all the smaller EMAs crossed the 80 EMA from below at (1) . generating a buy signal. At the entry bar the RSI was above the 50 level and both the 3 EMA and the 5 EMA had crossed the 13 21 EMA channel. The green line represents our entry level.

At (2) the market performed a pullback and the 3-period EMA penetrated the channel, while the RSI fell below the level of 50, both signaling an exit of the position. However, because the bull trend continued and both the 3 EMA and the 5 EMA once again crossed above the channel, we again entered long above the close of bar (3) . Seeing the following strong upward move, we could either scale out of our position and trail the stop behind the remaining portion or wait with the entire position for an exit signal. Such was generated at bar (4) when the small trackback EMAs crossed below the medium ones.

There was only one other with-trend signal, which met the conditions of our strategy at bar (5) . which however was not followed by a strong enough move and resulted in a minor loss.

If you have any questions or suggestions you are welcome to join our forum discussion about Combining Multiple EMAs with the RSI .

Forex trading using emas,slow stochastic and rsi

Forex trading using emas,slow stochastic and rsiForex Trading Strategy Combining Average Directional Movement Index and EMAs »

Forex trading using EMAs, Slow Stochastic and RSI

This lesson will cover the following

If you have any questions or suggestions you are welcome to join our forum discussion about Forex Trading Using EMAs, Slow Stochastic and RSI .

In this article we will present to you a fairly simple but reliable trading strategy. It includes two exponential moving averages in conjunction with the Relative Strength Index and the Slow Stochastic Oscillator.

We will be using a 15-minute time frame, although this strategy is applicable to any other. We will use a combination of a 5- and a 10-period EMa. The Relative Strength Index uses the default lookback value 14 periods, with its overbought and oversold levels being set at 75 and 25 respectively. The slow stochastic oscillator uses the same overbought and oversold levels 75 and 25, a 14-period trackback setting and Slow K and D periods of 3. To learn more about the Relative Strength Index and the Stochastic Oscillators variations, read the articles Relative Strength Index and Stochastic Oscillator

Entry and exit rules are quite simple and straightforward. You need to enter the market when the 5-period EMA crosses the 10-period EMA, RSI is above the level of 50 and the Stochastics fast and slow lines are heading in the same direction, but are not in the oversold or overbought levels. For example, if the 5-period EMA penetrates the 10-period EMA from below and edges higher, you need to enter long, if RSI is above the level of 50 and the Stochastic lines are headed up but are below the overbought level of 75. Short entry signal is triggered in the opposite scenario.

Once the 5-period EMA crosses back beyond the 10-period EMA and it is confirmed by a close beyond the latter, you need to close your position. You should also exit the trade, if the Relative Strength Index drops below the 50 level. The several conditions which must be met in order to execute a trade render this strategy a good filter for trade entries. However, the small-period EMAs also have a drawback they can get choppy and generate false exit signals. On the screenshot below you can see displayed both successful and failed signals.

As you can see, the first EMA crossover was done at (1) . with the stochastic lines moving downward, while RSI was slightly below 50. The position was exited at the confirmation of the next EMA crossover, at (2) . Entering immediately a long trade was abstained as RSI was still below 50.

The next scenario when all of our strategys conditions were met was at (3) and it is indicative how EMA trading systems can fail during trading ranges. We shorted below the close of bar (3) . which confirmed the EMA downward crossover, but the market reversed almost immediately and stopped us out at the next bullish crossover at (4) . incurring a minor loss. We decide to reverse our position since the stochastic rebounded from the oversold level, while RSI was right at the level of 50, and we exited at the next crossover at (5) . The small gain offset our previous minor loss. At (5) we abstain from entering short because stochastic is already near the oversold area.

Our next entry is at the crossover at (6) . followed by an exit at the crossover at (7) . The last trade is another example of a failed signal during a trading range, more particularly a barbed wire. We entered on the first close below the bearish crossover at (8) . supported by a bearish stochastic and RSI below 50, but the market almost immediately shifted direction and we were forced out at the next crossover at (9) . which was also the point of RSI rising over 50.

If you have any questions or suggestions you are welcome to join our forum discussion about Forex Trading Using EMAs, Slow Stochastic and RSI .

200pips daily chart forex trading strategy with3emas

200pips daily chart forex trading strategy with3emas200 Pips Daily Chart Forex Trading Strategy With 3 EMAs

Prev Article Next Article

This 200 pips daily chart forex trading strategy is a very simple forex trading strategy for beginners. If you are a trader looking for a trading system that requires you to check your chart once a day, then this is it.

SETTING UP YOUR CHARTS

Indicators: 25 EMA, 60 EMA, 100 EMA, Robby DSS Forex download here.

Time frame: Daily Chart

Currency pairs: Majors and GBP/JPY

200 PIPS DAILY CHART FOREX TRADING STRATEGY WITH 3 EMA TRADING RULES

Buying 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 loss below the most recent swing low or 125 pips below entry (whatever comes first).

Profit target: 200 pips

Here is an example of the daily chart of GBP/USD. As you can see, 3 buy trades made us 600 pips. Click the chart to enlarge if its small.

Selling 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 loss above the most recent swing high or 125 pips above entry price (whatever comes first).

Profit target: 200 pips

ADVANTAGES OF 200 PIPS DAILY CHART FOREX TRADING STRATEGY WITH 3 EMAS

A very simple trading system requires very little maintenance.

You only need to check your charts once a day to see if the trading setup condition is being met or not.

which means less trading so the risk of overtrading is drastically reduced.

DISADVANTAGES OF 200 PIPS DAILY CHART FOREX TRADING STRATEGY WITH 3 EMAS

in a non trending market, youd have false signals so expect that.

Financial peace isnt the acquisition of stuff. Its learning to live on less than you make, so you can give money back and have money to invest. You cant win until you do this. Dave Ramsey

Dont forget to share and like this 200 pips daily chart forex trading strategy with 3 emas by clicking those sharing buttons below. Thanks.

The3step ema strategy for forex trends

The3step ema strategy for forex trendsThe 3 Step EMA Strategy for Forex Trends

Talking Points:

EMAs are weighted averages used in trending markets. Find the trend with a 200 period EMA. Time entries using a series of EMAs utilizing smaller periods.

When it comes to trending markets. traders have many options in regards to strategy. Today we will review EMAs and how they can be used to create a complete strategy for Forex trends.

Lets get started!

Todays strategy will revolve around the use of a series of EMAs (Exponential Moving Average). These averages work the same as a traditional SMA ( Simple Moving Average ) by directly displaying an average of price for a selected period on the graph. However, the EMAs calculation incorporates a weight to put a greater emphasis on most recent price. This weight is placed to remove some of the lag found with a traditional SMA. This makes the EMA a perfect candidate for trend trading.

Now that you are familiarized with EMAs lets look at their uses in a trend trading plan.

Find the Trend

Before we enter into a trend based position, we need to know exactly which way that trend is heading. Below we have the GBPCAD on a 4Hour Chart. We can see the pair is making new highs while establishing higher lows. which makes the GBPCAD a strong candidate for an uptrend. This analysis can be confirmed by the use of a 200 EMA. Traditionally traders are bullish when price is above the 200 EMA and bearish if price resides under the average.

Given the information above. traders should look to buy the GBPCAD.

Learn Forex GBPCAD 4Hour Trend 200EMA

(Created using FXCMs Marketscope 2.0 charts)

Timing Market Entries

Once market direction is identified, we can th en use a series of EMAs to enter the market. Below we can see that a 12 and 26 period EMA have been added to the graph. Since we are only looking to buy in an uptrend, it is important to identify areas where momentum is turning back in the direction of the trend. EMAs can help us decipher this by identifying an area where our shorter period moving average crosses above the longer period EMA. At this point t raders can look to buy the market.

Below you will find several sample buy entries using EMAs on the GBPCAD. Remember, this process can be re plicated for a downtrend by selling in the event that the 12 period EMA crosses below the 26.

Learn Forex GBPCAD 4Hour Entries

(Created using FXCMs Marketscope 2.0 charts)

Exiting Positions

Now that a trade has been opened, traders need to identify when it is time to exit the market. This is the third and final step in developing a successful strategy! Traders may choose a variety of stop/limit and risk reward combinations here to suit their trading needs. However, if you are already using a series of EMAs they can be incorporated into your market exit. If we are buying on a return to bullish momentum, traders should close positions when momentum subsides. This can be found in an uptrend when price moves back and touches the 12 period EMA.

Stops should also be placed when trading with the trend. One simple methodology is to place stops under a swing high or low on the graph. This way in the event that the trend turns, any positions can be exited for a loss as quickly as possible. The graphic below will show an example of both scenarios.

Learn Forex GBPCAD EMA Exits

---Written by Walker England, Trading Instructor

To contact Walker, email WEnglandFXCM. Follow me on Twitter at WEnglandFX.

To be added to Walkers e-mail distribution list, send an email with the subject line “Distribution List” to WEnglandFXCM.

Want to learn more about Moving Averages. Take this free 14 minute “Moving Average” course presented by DailyFX Education. In the course, you will learn how to filter worthwhile trends, identify support and resistance, and find which entries give you the highest probability trades.

Register HERE to start your FOREX learning now!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Learn forex trading with a free practice account and trading charts from FXCM.

Combining smas and emas

Combining smas and emasForex Trading Strategy Combining SMA, EMA and Moving Average Convergence Divergence »

Combining SMAs and EMAs

This lesson will cover the following

If you have any questions or suggestions you are welcome to join our forum discussion about Combining SMAs and EMAs .

The following strategy uses two combinations of moving averages. A set of Exponential Moving Averages with long trackback periods assist us in determining the trends direction, while a couple of Simple Moving Averages with short lookback periods are used to produce entry signals. Here are the specifics.

This strategy is best used on a 4-hour time frame but you an hourly will also do, if you can digest the whipsaws. A 144-period EMA and a 169-period EMA help you determine the trends direction (if the 144 EMA is below the 169 EMA, the trend is bearish and vice versa).

The Simple Moving Averages are used to generate with-trend and counter-trend entry signals, although we have advised multiple times that novice traders should avoid entering against the market at all costs. A 5-period SMA produces buy or sell signals in the direction of the trend, as evidenced by the two EMAs, while a 14-period SMA is used to generate signals against the trend.

In case some misunderstandings have arisen, lets clarify. If the 144-period EMA is above the 169-period EMA, we have an uptrend. During this uptrend, if a bar closes above the 5-period SMA, it generates a buy signal, while if a bar closes below the 14-period SMA, it produces a sell signal.

Conversely, if the 144-period EMA is below the 169 EMA, we have a downtrend. During the downtrend, if a bar closes below the 5-period SMA, it generates a with-trend short entry signal. Meanwhile, if a bar closes above the 14-period SMA, it generates a counter-trend long entry signal. However, keep in mind that counter-trend betting is strongly inadvisable for novice traders. To read more about trend trading, you can visit several of our articles dedicated to trends, including The Trend a Traders Best Friend , Basics of Trends and Trend Lines , What Defines a Strong Trend , Trend Trading Guidelines .

Profit target, stop-loss

As for profit target and protection, you can either use a trailing stop with properties according to your own preferences, or you can set a static stop-loss level at the low or the high of the signal bar (the bar prior to the entry bar). When determining your profit target you should aim for a risk-to-reward ratio of at least 1:2.

For example, you can target a profit double the amount risked while using a fixed stop-loss (the high or low of the signal bar). Upon achieving the 1:2 risk-reward ratio, you can close a portion of your position, thus locking in partial profit, and keep the other portion in the market to further milk the trend, while protecting it with a trailing stop. In case you are not using a trailing stop at all, another exit point can be a close on the opposite side of the 5-period EMA.

On the example above we have focused only on with-trend entries. The green line is the 144-period EMA and colored in red is the 169-period EMA. The 5-period SMA is in yellow, while the blue line is the 14-period SMA.

We enter long at (1) . with a stop-loss at the previous bars low. We can exit either after achieving a profit double or triple the amount risked, or, if we were using a trailing stop, we would have been stopped out at the big bear trend bar (2) .

We enter our next trade at (3) . but it failed to reach our profit target, gunning our stop-loss was at bar (4) . However, bar (4) acted as a signal bar for our next entry at bar (5) . which would have been a minor winner after the bar (6) trail stop pushed us out of the market. Bar (7) would be our next entry point with a stop-loss below the previous bars low, and the exit would be at bar (8) when the trailing stop would kick in.

The next long position at bar (9) would be a minor loser as the bear trend bar (10) would hit our stop. We re-enter at bar (11) and exit on the trailing stop at bar (12) . The trade entered at bar (13) would also be a loss as the following market sell-off would hit our stop, but the trade entered at bar (14) and exited at bar (15) would completely offset all of our sessions losses. Upon recapping the entire trading session you will undoubtedly be drawn by the notably positive balance of earned pips.

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