EMA 8,21,55 + Parabolic SAR - Forex Trading System

Chart Setup
- Exponential Moving Average - EMA 8 (blue), 21 (yellow), 55 (red)
- Parabolic SAR - standard setup 0.02 and 0.2 (green dots)
Download MetaTrader template for this chart setup.

Enter long (buy)
- when 8 EMA (blue) cross 55 EMA (red) in up direction, parabolic SAR is also heading up

Enter short (sell)
- when 8 EMA (blue) cross 55 EMA (red) - down, parabolic SAR is also going down

Stop Loss
- at the level of prior 8 EMA (blue) and 21 EMA cross (yellow).

Exit Rules
Exit at next 8 EMA (blue) and 21 EMA (yellow) cross.

Notes
Best for EUR/USD, USD/CHF. Watch 1 hour chart and check 15 minutes chart for confirmation (same rules apply). Do not enter the trade after extreme 50+ pips candle. Trade during London + NY trading session. Do not enter on Friday before closing of the forex trading session.

Chart setup should appear like following:

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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.