Forex & Stocks Multi EMA Momentum Trading Strategy (7392)

Simple and High accuracy “Multi MA Momentum Forex MT4 Trading Strategy” – Multi Moving Average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders.

A forex trader can create a simple trading strategy to take advantage of trading opportunities using just a few moving averages (MAs) or associated indicators.

• Time Frame: M5 or higher
• Currency Pairs: Any

 

• Exponential Moving Average
• Momentum
• Commodity Channel Index (CCI Woodies)

Moving averages are a frequently used technical indicator in forex trading, especially over 10, 20, and 50 periods.

MAs are used primarily as trend indicators and also identify support and resistance levels.

The two most common MAs are the Simple Moving Average (SMA), which is the average price over a given number of time periods, and the Exponential Moving Average (EMA), which gives more weight to recent prices.

• Download TraderVersity.Com-MultiEMAMomentum (Zip File)
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators /
• Copy the “TraderVersity.Com-MultiEMAMomentum.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-MultiEMAMomentum
• You will see “TraderVersity.Com-MultiEMAMomentum” is available on your Chart

 

• Exponential Moving Average: 10EMA > 20EMA > 50EMA
• Momentum: Above level 100.2
• Commodity Channel Index (CCI Woodies):
  • Green histogram
  • Trend line above level 0

 

• Exponential Moving Average: 10EMA < 20EMA < 50EMA
• Momentum: Below level 99.8
• Commodity Channel Index (CCI Woodies):
  • Green histogram
  • Trend line above level 0

 

According to Toni Turner, author of the ‘A Beginner’s Guide to Day Trading Online,’ the major popular moving averages used by most traders are the 10, 20, 50, 100 and 200.

• 5 – SMA – For the hyper trader.
  • The shorter the SMA, the more signals you will receive when trading. The best way to use a 5-SMA is as a trade trigger in conjunction with a longer SMA period.
• 10-SMA – popular with short-term traders.
  • great for swing traders and day traders.
• 20-SMA – the last stop on the bus for short-term traders.
  • Beyond the 20-SMA, you are looking at primary trends.
• 50-SMA – used by traders to gauge mid-term trends.
• 200-SMA – welcome to the world of long-term trend followers.
  • Most investors will look for a cross above or below this average to represent if the market is in a bullish or bearish trend.

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