This is a very simple strategy… VERY simple!
Firstly, you need Metatrader™ – so make sure you have that up and running.
Once you’re in Metatrader™ you’ll want to place two moving averages on your chart.
These moving averages are specifically:
- 34-Period Exponential Moving Average
- 50-Period Exponential Moving Average
If you are unsure of adding EMA into your MT4, you can follow the steps below:
To install the template, place it in the following location in you Metatrader4 installation directory:
C: \ Program Files \ [your Metatrader4 installation] \ Templates
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You chart should now look something like this:
To Trade…
For this strategy you need to use a little discretion.
BUY
To take a buy trade you just want the 34-ema to be above the 50-ema.
Once you have this then wait for price to move back down into the 34/50 area and then buy – like this:
SELL
To take a sell trade you just want the 34-ema to be below the 50-ema.
Once you have this then wait for price to move back up into the 34/50 area and then sell – like this:
That’s really all there is to it – but there is more…
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