Forex Momentum Trend Trading System - Best Forex Trading Strategy - New York

Forex Trading Strategy - Exponential Moving Average

In this article, we will provide information on forex trading using the "momentum trend trading system" strategy, this strategy is combined with an exponential moving average. The main ingredients are as follows:

2 moving averages (9)period EMA (red line), (30) period EMA (blue line).
Momentum indicator (14) with 100 lines.
Timeframe: H1 - to determine the entry point and hold the position.
Demark Line: This line aims to connect the lows and highs of price fluctuations.
Currency pairs: pairs in periods of stable volatility that are most effective We recommend (GBP/USD, EUR/USD, and AUD/USD).

Signal To Do "BUY"

The price must break the Demark line upwards
The momentum line must move above 100 line
The EMA (9) must cross the EMA (30) from the bottom up

For more details, we can see the image below.

Signal To Do "SELLING"

Breaking the Demark line down
The Momentum line must move below the 100 line
The EMA (9) must cross the EMA (30) from top to bottom.

The image below is an example of a signal to make a sale.

Tips and tricks

Open an order at the opening of a new candle. Then place a stop loss near the local high/low. the sell signal must be higher than the high you have identified, while the buy signal must be lower than the nearest low.

We can close the transaction after the momentum line crosses the 100 lines in the opposite direction.