EMA, RSI, Stochastic Trend Following Strategy
This strategy is the combination of the 3 basic indicators which is the RSI, Stochastics and EMA. This will work best on a 15 minute timeframe or higher. You can use this in all currency pairs.
Forex  Indicators:
- RSI (21);
- Stochastic indicator (14, 5, 5);
- 1°Set EMA fast (12, 5) exponential moving average indicator;
- 2° Set EMA Slow (34, 45) exponential moving average indicator;
For Long Entry:
- EMAs(12, 5) greater than the EMAs (34, 45).
- RSI is greater than 50.
- Stochastic is greater than 50.
For Short Entry:
- EMAs (12, 5) is less than the EMAs (34, 45).
- RSI less than 50.
- Stochastic is less than 50.
Exit Position
Exit position when 5 EMA fast crosses 12 EMA in opposite direction.
Place stop loss level MA 34.
Profit Target (option exit) ratio 1:3.
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