Forex trading strategy #1 (Fast moving averages crossover)

Great Page you have!
a lot of stuff for to do paper-trading for the next month, on the way to find my own strategy. thank you. can i post some strategies in my (german) page?
thank you
(Dankeschön -like we say in german)
greetings from berlin...

Hourly charts are preferable.
Try combining any of next popular EMAs:
200 EMA,
100,
50,
34,
20,
13,
10,
8.

You can use the same settings for daily and 4 hour;
additionally try for daily charts: 80, 50 and 20;
for 4 hour: 50, 34 and 10.

Regards,
Edward

Congrats, awesome forex site , really the best one I saw for beginners, ( and i browsed to a lot sice 2 months, since i started the fx challenge ).

As a beginner , please englight me regarding next 3 questions :

1)- What time frame is best to use the 10, 25 and 50 EMA's on ( u said 1 hour and 15 mins), but what on what of those works best ?

2) - What periods to use for the 3 EMA's for the daily time frame ?

3) - What periods to use for the 3 EMA's for the 4H time frame ?

Thank you .

Theoretically, you can. But on practice it would generate lots of signals with many of them being weak.

can i apply this strategy to a 5minute or 1 minute chart?

You would exit when 10 EMA crosses 25 EMA again.
Or you may try using 7 SMA and 14 SMA cross for exiting.

This way you collect profits, or accept losses.

Regards,
Edward

great eddy! but how do i get/collect my profits exactly?

It means for Long entries we are waiting for a candle to pass 50 EMA and close above it, for short entry - below 50 EMA. This additional precaution may get us in trade a bit later, but will help us to confirm that EMA cross was indeed valid.
An immediate entry without waiting for a current candle to close above/below 50 EMA has a potential to bring more pips, but carries higher risks at the same time.

Regards,
Edward

(Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals)means what?please

i love this site

EMAs should be applied to Close.

Regards,
Edward

After Successfully plotting the EMAs, where do I apply it to: Close,Open, High, Low or Median HL/2... on MT4 platform? Thanks.

Set the time frame chart to 5 minutes to see clearly the exit points. It works !

By sideways moving market we mean the market that doesn't make any new highs or lows and is simply flowing in between certain price values. In this case traders can draw lines to define the corridor in which the price has stuck and watch it breaking out of that corridor.
You may find an example of sideways moving market at trend line tunnel strategy.

Regards,
Edward

Hi, i am not quite sure what a side ways market is or how to gauge and know that this is now a side ways market. Pls advise.
Regards
Liz