5 10 34 Forex Trading Strategy For MT4

5 10 34 Forex Trading Strategy For MT4

The 5 10 34 Forex Trading Strategy For MT4 is a powerful crossover trading strategy mostly used by beginners. However, many advanced traders also use this indicator as it a high rate of success while trading the reversal.

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As the name suggests, 5,10 and 34 EMA is used in determining the reversal. To analyze the quality of the signals, the traditional MACD indicator is used. Since the strategy involves placing trades against the existing trend, you need to select the D1 or the H4 time frame to eliminate the false readings.

The sequence of the bearish cross over is very simple. The 34 EMA will be at the top, followed 10 and 5 EMA. The bullish cross over is determined when 34 EMA is at the bottom and followed by 10, 5 EMA. But the process of the trade placement is slightly different as the traders use the four average indicators that analyze the EMA value and paint arrow mark when the trend is strongly established. For instance, after the bullish cross over, the lime green color arrow might be spotted in the chart. The red arrow mark will be spotted during the bearish crossover. Usually, the arrow mark is the place where the trades are placed.

MACD reading taken to ensure the quality of the signals. The valid buy setup will have positive or lime green color bars in the MACD readings. If not stop taking the trades. For the bearish trade, the color of the MACD bars will glowing red. After the trade is executed, you have to find the significant swings in the market to set the take profit. For that chose the daily time frame.

Though the strategy is a very powerful trading reversal requires precise use of stop loss. Use price action signals or place the stop below the 34 EMA for the long trade. For the short trade, the stop should be placed above the 34 EMA. If you deal with the candlestick signals, the traders can set stops by using the 10 EMA.

Download the complete system description and the files here:

FREE 5 10 34 Forex Trading Strategy

Download the FREE 5 10 34 Forex Trading Strategy for MT4.

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