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.

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.

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

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

• 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

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

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

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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