Eventually all Forex traders start trying out different EMA settings.
Quite often very combination that is interesting be spotted. Right here is one Simple Forex system centered on 50 EMA indicator.
Any money pair.
Time period: 90 moment or 3 hour chart, 4 hour chart
Indicator: 50 EMA.
Entry: watch for a candle to pierce 50 EMA and finally close above (to enter longer) or below (to get brief). Enter with the candle that is 2nd it makes 5 pips greater compared to the past one.
Exit: maybe not set.
Stop loss purchase: 15 pips below 50 EMA.
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