Navigation


 Publications


 Go back to the forum

Forex Stock Exchange Forum   

EMA Plus Stochastic Plus RSI Strategy

Yuri | Published sun Jul 30, 2017 10:59 am

Instruments: the strategy fits all instruments.

Timeframes: H1, H4.

Indicators:

  1. EMA (5, 10);
  2. Stochastic (14, 3, 3);
  3. RSI (14, 70, 30).

Open long positions when the 5EMA crosses the 10EMA from the bottom, Stochastic’ lines are directed up and are not in the overbought zone, i.e. not above the 80 mark, and the RSI is above the 50 mark.

Open short positions when the 5EMA crosses the 10EMA from the top, stochastic is headed down but not in the oversold zone, and the RSI is below the 50 mark.

Stop loss: is placed at the level of the previous local low.

Take profit:

Close long positions when Stochastic rises above the 70 mark. Close short positions when Stochastic falls below the 30 mark.

About the author