EMA 5&12 Forex Trading System

Enter long (buy):
- The 5 EMA crosses above the 12 EMA and both stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
- RSI is more than 50

Enter short (sell):
- The 5 EMA crosses below the 12 EMA and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
- RSI is less then 50

Exit Rules:
Exit when the 5 EMA crosses the 12 EMA in the opposite direction of your trade OR if RSI crosses back to 50

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Foreign exchange trading carries a high level of risk and may not be suitable for all investors. Do not invest more money than you can afford to lose. You can lose some or all of your initial investment. Any performance claims on this site are not necessarily indicative of future results.