EMA-Bollinger Band Strategy For Mobile
This strategy combines three Meta Trader indicators in order to determine trade entry and exit signals on Moblie MT4 app. The indicators are 1. Moving Averages (Exponential Moving Averages EMAs and Simple Moving Average SMA) and 2. Awesome Oscillator and 3. Bollinger Bands.
Find below the indicator settings, and also see the images below for the conditions that determine when to Sell for any currency pair (the reverse is the case for Buy conditions). This strategy can be used on all time frames.
EMA-BOLLINGER BAND SIGNALS:
SCOPE FOR 24 JAN, 2019 (7:46 GMT)
NZDCHF DAILY CHART (SUN 15:05 GMT) – POTENTIAL BUY
CADJPY DAILY CHART (SUN 14:59 GMT) – POTENTIAL BUY
EURCAD DAILY CHART (SUN 14:43 GMT) – SELLING
DJI DAILY CHART (SUN 14:43 GMT) – BUYING
DXY DAILY CHART (SUN 14:43 GMT) – POSSIBLE BUY
USDCHF DAILY CHART (SUN 14:33 GMT) – BUY
EURAUD DAILY CHART (SUN 07:59 GMT) – SELL
CADCHF DAILY CHART (SUN 07:46 GMT) – BUY
AUDCHF DAILY CHART (SAT 21:52 GMT) – BUY
Main Chart: The EMAs are five in number;
-50 EMA, Apply to Low, Lime color
-50 EMA, Apply to High, Orange color
-20 EMA, Apply to High, Green color
-20 EMA, Apply to Low, Red color
-40 EMA, Apply to Close, Purple color
-Awesome Oscillator (default setting)
-Bollinger Bands, Period 340, Deviation 2.00, Apply to Close, Black Colour
-200 Simple Moving Average, Apply to Close, Red Colour
The EMAs are Five in number for this window;
-9 EMA, Apply to Close, Green color
-13 EMA, Apply to Close, Blue color
-20 EMA, Apply to Close, Sky Blue color
-26 EMA, Apply to Close, Purple color
-50 EMA, Apply to Close, Navy Blue color
Note: To create Indicator Window2, you may need to open another indicator on the main chart, (for example, you may need to open Momentum indicator separately, add the Bollinger Band, SMA and EMAs on the indicator window2 before deleting the Momentum indicator).
Conditions for placing a SELL trade is shown in the image below:
Conditions for exiting the SELL trade is shown in the image below:
The reverse is the case for Buy conditions.
Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).
To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) and 2. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (firstname.lastname@example.org).