Simple 3 EMA Pullback Strategy

Hey traders,

I would like to share with you a simple 3 EMA retracement strategy that I have been using in the last few weeks.

I've embedded the full tutorial video below:



This system uses two indicators: Moving Average (identifies trend) and MACD (pullback signal). Both indicators have been slightly modified and included in the download below along with the MT4 template.

rule

long

1) Top 50, 200 after winning 100
3) MACD is above the 0 line
3) MACD crosses downwards
4) 200 EMA Green
5) Price hits/closes below any EMA
6) No clear bearish divergence
7) Enter the opening price of the next candle

short

1) Top 200, 50 after winning 100
2) MACD is below the 0 line
3) MACD upward crossover
4) 200EMA red
5) Price touches/closes above any moving average
6) No clear bullish divergence
7) Enter the opening price of the next candle

Stop loss level

1) Below 200 EMA
2) S&R level/rounds

Chart example



Download content includes:

1) Moving Average MT4 Indicator
2) MACD MT4 indicator
3) MT4 template
4) Rule text file