EMA CROSS RSI With Digital MACD Forex Trading System
The EMA cross RSI with digital MACD is a forex trading system that is based on EMA and digital MACD. The suitable timeframe for this system is 1 hour or higher but works best on a 4-hour timeframe. Use this method in all currency pairs.
MT4 Indicators:
- EMA Cross RSI (set True);
- Digital MACD (default).
Long Entry:
- EMA Cross RSI buy arrow confirmed by histogram MACD > line.
Short Entry:
- EMA Cross RSI sell arrow confirmed by histogram MACD < line.
Exit Position:
- Place Stop loss at the previous swing High for sell and low for buy.
- Set Profit Target ratio 1.2 (if stop loss is 50 pips, profit target is 100 pips).
- Set Trailing 25 pips it’s a gain of 50 pips (time frame hourly), 100 pips (time Trame 240 min).
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