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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