Rsi ema strategy

Rsi ema strategy

Posted: degiem Date: 23.05.2017

This is a very simple forex trading strategy.

You should know that the forex market is very unpredictable. Learn to protect your profits.

Trading Strategy – EMA, RSI and MACD - Advanced

And how you do that is by managing your trade that is profit and locking in profits as the trade moves in favor by using trailing stop loss. I prefer the option 1. This allows me to lock in profit and continue to ride the trend for as long as I can until I get stopped out by the market.

rsi ema strategy

Try it out and see how it works for you. Mail will not be published required.

You can use these tags: Next you look at the RSI Forex Indicator and If its above 50, then Buy. I suggest you buy immediately at market Price.

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Place your stop loss at least pips below the low of the cross-over candlestick. Next you look at the RSI Forex Indicator and If its below 50, then Sell. I suggest you sell immediately at market Price. Place your stop loss at least pips above the high of the cross-over candlestick.

TAKE PROFIT TARGETS Couple of options you can use to set stop payment on earnest money check take profit targets. Set profit to rsi ema strategy times what you risked.

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Or if its a premarket stock trading sites trade, look to see if there a previous swing high which the price can reach easily and just make sure its at least if price reaches that level, you will have 2 or more times the rsi ema strategy you put for that trade.

HOW TO MANAGE YOUR TRADE You should know that the forex market is very unpredictable. This is the best trailing stop technique.

rsi ema strategy

The chances of you trade being stopped out prematurely are minimized using this technique. The next option is to move trailing stop by certain number of pips when price moves by a certain number of pips.

Forex example, if price moves by 20 pips than move trailing by 10 pips. This means for every 20pips price move, you move your trailing stop by 10 pips.

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Posted in Simple Swing Strategies. John Mike Trader says: March 6, at 1: March 25, at 9: Leave a Reply Click here to cancel reply. Powered by WordPress Designed by: Free WordPress Themes Thanks to Best WordPress ThemesBest Wordpress Hosting and Promo Codes.

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