Forex trading strategy 7.Trend Rider Strategy

Trend Rider Strategy

Strategy Concept

– Using two Moving Averages to identify entry for early trend and the Average Directional Movement Index indicator for exit.

Time-frame

H1 and above.

Currency Pairs

All currency pairs. Trend Rider Strategy

Indicators

Exponential Moving Average  EMA12.

Exponential Moving Average with period 12, with period 36, EMA36.

Average Directional Movement Index with MT4 default setting, ADX14. Add level 40.

Trend Rider Strategy

Long Trade Set-up

1. EMA12 (Blue moving average) crossed above EMA36 (Red moving average).
2. Entry Price is where market comes back  down to touch EMA12 (Blue moving average).
3. Distance between EMA12 and EMA36 must be at least 25pips.
4. Stop Loss is set at EMA36 (Red moving average).
5. Stop loss must be at least 30pips.
6. There is no pre-determined Take Profit.
7. Exit your trade when the ADX14 crossed above 40 and cuts back below.

Trend Rider Strategy

Trend Rider Strategy

Short Trade Set-up

1. EMA12 (Blue moving average) crossed below EMA36 (Red moving average).
2. Entry Price is where market comes back up to touch EMA12 (Blue moving average).
3. Distance between EMA12 and EMA36 must be at least 25pips.
4. Stop Loss is set at EMA36
5. Stop loss must be at least 30pips.
6. There is no pre-determined Take Profit.
7. Exit your trade when the ADX14 crossed above 40 and cuts back below.

   

   Forex trading strategy

   

   Trend Rider Strategy

   

   Forex trading strategy

   
   

   

   Trend Rider Strategy