EMA 5&12 Forex Trading System

Wednesday, October 15, 2008


Enter long (buy):
- The 5 EMA crosses above the 12 EMA and both stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
- RSI is more than 50

Enter short (sell):
- The 5 EMA crosses below the 12 EMA and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
- RSI is less then 50

Exit Rules:
Exit when the 5 EMA crosses the 12 EMA in the opposite direction of your trade OR if RSI crosses back to 50

Need help? Do not you understand the system?

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