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7 & 17 EMA Crossover Trend Following Trading Strategy

7 & 17 EMA Crossover Trend Following Trading Strategy

by Dr.Hamdi Boukamcha
Trend following technique may be very efficient in buying and selling market which brings excessive revenue for the merchants. This technique is made based mostly on pattern following. 7 EMA and 17 EMA are used for this technique to search out sign. These 2 EMA crossover will give pattern route of the market value.

Required Indicator:
1. Exponential Shifting Common 7
2. Exponential Shifting Common 17

Purchase Setup Guidelines:
✔Market value have to be in sturdy uptrend
✔To determine uptrend, 7 EMA must cross 17 EMA from decrease to higher.
✔Value should keep above 7 EMA and 17 EMA.
✔Then watch for some retrace and pull-back from touching each EMA.
✔After touching each EMA, place purchase cease order above candle.
✔Thus with each pull-back from each EMA, place pending purchase cease order for every time.
Promote Setup Guidelines:

✔Market value have to be in sturdy downtrend
✔To determine downtrend, 7 EMA must cross 17 EMA from higher to decrease.
✔Value should keep beneath 7 EMA and 17 EMA.
✔Then watch for some retrace and pull-back from touching each EMA.
✔After touching each EMA, place promote cease order beneath candle.
✔Thus with each pull-back from each EMA, place pending promote cease order for every time.
Instance of Purchase & Promote Setup:

Within the above USDCHF H1 chart, purchase and promote setup has been given with instance. First that you must verify downtrend to determine promote setup and vice-versa with purchase setup. Within the above instance, after promote sign of this technique, value fell greater than 100 pips. On the purchase setup, market moved greater than 60 pips.
Timeframe:
H1 & H4 is preferable. Can be utilized for scalping function.

Foreign money pairs:
Any stylish pair.
Take revenue and cease loss:
Take revenue must be set at the least 40 pips. You may exit from the commerce if market pattern chage in wrong way.
Cease loss can be beneath the candle for purchase entry, above the candle for the promote entry.

Connected Picture (click on to enlarge)
7 & 17 EMA Crossover Trend Following Trading Strategy
Connected Picture
7 & 17 EMA Crossover Trend Following Trading Strategy

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