This is an effective strategy with only three indicators. I use this strategy primarily on the 15 minute chart, but it can be used effectively on longer time frames as well.
The three indicators being used are:
- Exponential 15 period Moving Average (closed)
- Exponential 25 period Moving Average (closed)
- Exponential 50 period Moving Average (closed)
You can refer to the picture above to see how your chart should look. The color of each Moving Average is completely up to you.
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How to Trade
For this strategy, you are only trading the crossing of the 15 moving average over/under the other two moving averages.
When the 15 MA crosses above BOTH the 25 & 50 MA you place a buy order. As indicated by the green arrows in this picture:
When the 15 MA crosses below BOTH the 25 & 50 MA you place a sell order. As indicated by the red arrows in this picture:
This concludes the 15 Min Triple EMA Forex Trading Strategy
