Forex Day Trading with Multi Time Frame EMA Strategy

High accuracy trading – Forex Day Trading with Multi Time Frame EMA Strategy. This advanced and high profits trading system developed for H1 and H4 time frame.

“Multiple time frames” is a Forex trading strategy that works by following a single currency pair over different time frames.

When looking at only one time frame you can never know the whole story and as a rule you always want to know the whole story before making an investment.

 

Each time frame has its benefits.

Long time frames allow us to understand the bigger picture and identify the overall trend.

Average time frames present the short term trend and show us what is happening in the market right now. Short time frames are our way of recognizing the exact window for when to make our move.

The suggested working process is to choose a time frame to work in and then verify your move with one longer time frame.

• Time Frame: H1 and H4
• Currency Pairs: Any

 

• H15 MTF EMA
• H4 5 MTF EMA
• D1 5 MTF EMA
• Stochastic indicator;
• MACD indicator.

 

• Download “ForexWOT.Com-MTFEMAsystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-MTFEMAsystem.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-MTFEMAsystem” trading  system and strategy
• You will see “Forex Day Trading with Multi Time Frame EMA System” is available on your Chart

 

• Price above H1-5 MTF EMA,  H4-5 MTF EMA line and D1-5 MTF EMA line .
• The Stochastic crosses up.
• The MACD closes higher than the previous value.
•  Price Action Signal: Bullish Engulfing

Notice: Trade signals are only confirmed by candle “price action” pattern.

 

• Price below H1-5 MTF EMA,  H4-5 MTF EMA line and D1-5 MTF EMA line .
• The Stochastic crosses down.
• The MACD closes lower than the previous value.
•  Price Action Signal: Bearish Marubozu

Notice: Trade signals are only confirmed by candle “price action” pattern

 

Another clear benefit from incorporating multiple time frames into analyzing trades is the ability to identify support and resistance readings as well as strong entry and exit levels.

A trade’s chance of success improves when it is followed on a short-term chart because of the ability for a trader to avoid poor entry prices, ill-placed stops, and/or unreasonable targets.
[sociallocker]

[/sociallocker]