Killer strategy (killer strategy) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Hey Gang,
This is another strategy that is very profitable and easy to follow.
Long trade:
* 1 hour chart.
* 6 (closing) EMA
* Wait for a candle below the 6 EMA and not touching the 6 EMA.
* Wait for the next candle to hit the 6 EMA.
* Starting from the candle that hits the 6 EMA, count backward and forward 10 candles and draw a line from the first 10 candles to the high of the previous 10 candles.
* Wait for the candle to close above this line drawn and for the next candle to retrace to this line to enter a long trade with a stop loss 5 pips below the candle low without touching the 6 EMA.
*TP 2 or 3 times risk.
see below.
This is another strategy that is very profitable and easy to follow.
Long trade:
* 1 hour chart.
* 6 (closing) EMA
* Wait for a candle below the 6 EMA and not touching the 6 EMA.
* Wait for the next candle to hit the 6 EMA.
* Starting from the candle that hits the 6 EMA, count backward and forward 10 candles and draw a line from the first 10 candles to the high of the previous 10 candles.
* Wait for the candle to close above this line drawn and for the next candle to retrace to this line to enter a long trade with a stop loss 5 pips below the candle low without touching the 6 EMA.
*TP 2 or 3 times risk.
see below.
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