30-minute EMA 21 (30min EMA 21) | Forex Indicator Download - MT4/MT5 Resources
Hello, recently I have started working on some projects but have not finished them yet, one of them I am working on now, it is a very simple system that uses only one indicator, the witch is EMA 21, the time frame is 30 M, the best currency pair is GBP/USD,
For longs the price must be above EMA 21 and the EMA must curve upwards,
For shorts the price must be below the EMA 21 and the EMA must be bent downwards
Exit when the EMA curve turns to the other side.
I only trade this system between 7.00 GMT and 16.00 GMT, after which I do no more trades in the market and all trades are closed at 21.00 GMT if take profit is not reached
Take profit is 105 points and stop loss is 35 points
For longs the price must be above EMA 21 and the EMA must curve upwards,
For shorts the price must be below the EMA 21 and the EMA must be bent downwards
Exit when the EMA curve turns to the other side.
I only trade this system between 7.00 GMT and 16.00 GMT, after which I do no more trades in the market and all trades are closed at 21.00 GMT if take profit is not reached
Take profit is 105 points and stop loss is 35 points
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