Forex Wave trading system
Forex EMA Wave Trading System
Time Frame: 1 min, 5min,15min, 30min
Currency Pairs: all.
34EMA High (green)
34EMA Low (Red)
34EMA close (white)
RealMACD (5, 15,5)
When the price retraces into the wave from above the wave
wait a candle that closes above the wave
with Stochastic >50 and
When the price retraces into the wave from below the wave
wait a candle that closes below the wave
with Stochastic <50 and
Setting for 30 min time frame
for sell 2 pips above 34 EMA close.
for buy 2 pip below 34 EMA close.
Profit Target on the level pivot or 35 pips.
Forex Wave template
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- Platform: Metatrader4
- Currency pairs: Any pairs, indices and metals
- Trading Time: Around the clock
- Recommended broker: icmarkets, XM
- How to install MT4 indicator?
- 1. On the desktop, double-click to open the MT4 trading platform software you installed.
- 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
- 3. Copy the metrics you need to install to the Indicators folder
- 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
- 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window