3EMA “Price Action” MT4 Trading Strategy with Heiken Ashi Histogram Filter

High accuracy 3EMA “Price Action” MT4 Trading Strategy with Heiken Ashi Histogram Filter –  An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points.

An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.

 

3EMA “Price Action” MT4 Trading Strategy with Heiken Ashi Histogram Filter

This technique is for those who want the most simple method that is almost fool-proof. It must be done ONLY during the busiest trading hours, 3 am to 11 am EST.  In this article we’ll show you how to use the strategy together with price action setup.

Recommended Article:  M15 Forex Trend Way "BEST Intra-Day Forex Trading Strategy"

This method doesn’t work in sideways markets, only in volatile trending markets.

  • Time Frame: M15 or higher
  • Currency pairs: Any

 

How to install “Forex 3EMA Price Action Trading System
  • Download “ForexWOT.Com-3EMAsystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “ForexWOT.Com-3EMAsystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Metatrader Client.
  • Select Chart and Timeframe where you want to test your forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “ForexWOT.Com-3EMAsystem” trading  system and strategy
  • You will see “Forex 3EMA Price Action Trading System” is available on your Chart
Recommended Article:  Forex SuperTrend System with Heiken Ashi Smoothed Alert

 

BUY Rules

  • 3EMA: Black line > Blue line
  • Heiken Ashi Histogram: blue bar
  • RSI: Upward and above level 55
  • “BUY” Price Action Signal: Bullish Engulfing “Marubozu”

 

SELL Rules

  • 3EMA: Black line < Blue line
  • Heiken Ashi Histogram: Red bar
  • RSI: Downward and below level 45
  • “SELL” Price Action Signal: Bearish Pin Bar

 

Trading NOTES

Focus on a single currency pair, expand as you better your skills. It is hard to master all the different kinds of financial activity that goes on in this world, so it is a great idea to restrict our trading activity to a currency pair which we understand, and with which we are familiar.

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One thought on “3EMA “Price Action” MT4 Trading Strategy with Heiken Ashi Histogram Filter

  • can’t download anything with your stupid locker. Disabled all extensions and still cant download. No, i won’t use chrome because i don’t like it.

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