EMA DIAGONAL ALIGNMENT STRATEGY

This strategy combines two Meta Trader indicators to determine trade entry signals. The indicators are Exponential Moving Averages EMA and Awesome Oscillator.

Below are the  EMA settings and the images below also show the necessary conditions before placing a buy or sell trade on any currency pair.

 

 

 

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Indicators

The EMAs are eight in number;

-50 EMA, Apply to High,  Blue color

-40 EMA, Apply to High,  Blue color

-30 EMA, Apply to High,  Blue color

-20 EMA, Apply to High,  Blue color

-50 EMA, Apply to Low,  orange color

-40 EMA, Apply to Low,  orange color

-30 EMA, Apply to Low,  orange color

-20 EMA, Apply to Low,  orange color

-Awesome Oscillator (default setting)

 

How It Works

Sell Signal Conditions

The three conditions below must be met for a SELL trade to be placed;

-Did price cross and close below all the eight EMA lines?

-Is a downtrend formed and are all the EMAs, orange and blue lines (20 to 50, applied to high and low), sloping down on both the 15 mins and 1 hr time frames at the same time? An example is shown in the images above for USDJPY 15mins and 1 hr charts.

-Are the Awesome Oscillator bars below zero level and also red in color (or are the awesome oscillator bars crossing down at the zero level)?

–Stop-Loss – place 5 to 10 pips above the highest 50 EMA blue color line.

–Take profit – place at the next support level(s) on the higher time frame (1 hr time frame in this case)

 

Consolidation or Range Conditions

-Price moves within or around the eight EMAs

-Horizontal or flat alignment of all EMA lines

 

No Trade Conditions

-When all the eight EMAs on the two charts do not align in a trend/diagonal or sloping pattern.

-When there is no trend and all the eight EMAs are moving on a flat or horizontal level.

 

Buy Signal Conditions

The two conditions below must be met for a BUY trade to be placed;

-Did price cross and close above all the eight EMA lines?

-Is an uptrend formed and are all the EMAs, orange and blue lines (20 to 50, applied to high and low), trending up on both the 15 mins and 1 hr time frames at the same time? An example is shown in the images below for EURNZD 15mins and 1 hr charts.

-Are the Awesome Oscillator bars above zero level and also green in color (or are the awesome oscillator bars crossing up at the zero level)?

–Stop-Loss – place 5 to 10 pips below the lowest 50 EMA orange color line.

–Take profit – place at the next resistance level(s) on the higher time frame (1 hr time frame in this case).

 

 

Time Frame or Chart Setup Combination

The following time frames can be compared for EMA diagonal alignment;

-1 minute and 15 minutes time frames

-5 minute and 30 minutes time frames

-15 minutes and 1 hour time frames

-30 minutes and 4 hour time frames

-1 hour and daily time frames

-4 hour and weekly time frames

-daily and monthly time frames

 

 

EMA ALIGNMENT SIGNAL

EURNZD ALIGNS 30 OCT 2018 7:33 GMT

EURGBP ALIGNS 29 OCT 2018 8:49 GMTl

EURGBP ALIGNS 26 OCT 2018 8:05 GMT

XAUUSD IS ATTEMPTING A BEARISH CROSSOVER (25 OCT 2018 7: 47 GMT)

 

GBPCHF ALIGNS ONCE MORE (24 OCT 2018 9:20GMT)

 

USDJPY: Impulsive bearish crossover complete on 1 hr chart… Will it bounce? (23 OCT 2018 6:22 GMT)

GBPUSD: Alignment in progress… Selling continues (23 OCT 2018 6:11 GMT)

GBPCHF ALIGNMENT IN PROGRESS ( 23 OCT 2018 5:57 GMT)

USDJPY: Alignment in progress… Buying continues (22 OCT 2018 6:59 GMT)

 

USDCHF: Attempting an impulsive bearish crossover on 1 hr chart (22 OCT 2018 6:51 GMT)

 

USDCAD: Waiting On 15 mins EMAs to align …. (22 OCT 2018 6:34 GMT)

GBPCHF 18 OCT 2018 21:54 GMT

 

GBPUSD 18 OCT 2018 21:50 GMT

GBPJPY 18 OCT 2018 16:11 GMT

 

GBPUSD 18 OCT 2018 15:08 GMT

 

AUDCAD 18 OCT 2018 12:20 GMT

EURAUD 18 OCT 2018 9:54 GMT

EURAUD 17 OCT 2018 8:50GMT

GBPCHF 15 OCT 2018 9:33 GMT

CHFJPY ALIGNS (15 OCT 2018 7:38 GMT)

EURGBP: ALIGNMENT IN ACTION (15 OCT 2018 7:21GMT)

USDJPY: ALIGNMENT IN ACTION (15 OCT 2018 7:15 GMT)

 

EURUSD: Attempting an impulsive bearish crossover on 1 hr chart (12 OCT 2018 9:35GMT)

 

AUDCAD JUMPS AS 15 MINS ALIGN WITH 1HR (11 OCT 2018 13:55 GMT)

 

GBPUSD: JUMPS AS 30MINS ALIGNS WITH 4 HR (11 OCT 2018 12:44 GMT)

 

NZDUSD: 15mins aligns with 1 hr (11 OCT 2018 10:57 GMT)

 

EURGBP: IMPULSIVE BULLISH CROSSOVER ON EMA BAND ON 1 HR CHART SIGNALLING POSSIBLE RETRACEMENT (11 OCT 2018 10:36 GMT)

NZDUSD (11 OCT 2018 8:27 GMT)

USDJPY: 15 mins aligns with 1 hr (10 OCT 2018 21:35 GMT)

 

GBPUSD: 15 mins aligns with 1 hr (10 OCT 2018 14:46 GMT)

GBPJPY: 10 OCT 2018 11: 18 GMT

GBPJPY: 15MINS ALIGNS WITH 1HR FOR A BUY (10 OCT 2018 08: 31 GMT)

 

EURGBP: (10 OC 2018 06:20 GMT)

EURAUD: 15MINS CURRENTLY ALIGNS WITH 1 HR FOR A SELL TRADE (9 OCT 2018 21:03 GMT)

 

 

 

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