CMS Trend MT4 Forex Trading System with RSI Trend Bar Filter [7627]

3 EMA Crossover Trading (CMS Trend Forex Trading System with RSI Trend Bar Filter) – All Moving Averages (MA) are lagging indicators however when used correctly, they can help frame the market for a trader.

There is no magic in Moving Averages and RSI but they can be used to form the basis of a simple trading strategy that works.

• Time Frame: M30 or higher
• Currency Pairs: Any

Having three moving averages helps us have no doubt if a market is trending or is ranging.

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• If the price is whipping back and forth around the averages, we have a range

If you don’t blindly trade the 3 EMA crosses, you could find an edge in this type of strategy where you take advantage of the trend, momentum, and simple trade management and profit-taking routine.

• Download “TraderVersity.Com-CMStrendSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-CMStrendSystem.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 “TraderVersity.Com-CMStrendSystem” trading  system and strategy
• You will see “CMS Trend Forex Trading System” is available on your Chart

 

• CMS Trend (3 Moving Averages):
  • we see separation in the averages (we have an uptrend)
  • Price close above the MA lines
• Trend Bars:
  • Blue bars
• RSI: Upward and above level 55 line

 

• CMS Trend (3 Moving Averages):
  • we see separation in the averages (we have a downtrend)
  • Price close below the MA lines
• Trend Bars:
  • Red bars
• RSI: Downward and below level 45 line

 

The lagging issue with Moving Averages can cause problems such as price moving too far too fast. This can have us getting into a trade just when price snaps back to an average price.

The good thing is we can judge momentum based on the separation of the averages as well as the distance price is from the averages.

Having three moving averages helps us have no doubt if a market is trending or is ranging.

• If we see separation in the averages, we have a trend
• If the price is whipping back and forth around the averages, we have a range

If you don’t blindly trade the 3 EMA crosses (CMS Trend), you could find an edge in this type of strategy where you take advantage of the trend, momentum, and simple trade management and profit-taking routine.

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