488# Dynamic Wave of the Moving Averages
The Magic Template MT4
Submit by Janus Trader 28/29/ 08/2013
Intraday Time Frame: 15 min , 30, mim, 60 min.
Markets: any.
This Template MT4 hass created for two types of trading method intraday:
-
Trend Following;
-
Reversal trading method.
2 sets of exponential moving averages, divided by three3(EMA) moving averages, the first 3 periods (orange red line), the second of 21 periods (magenta line) and the third of 55 periods (yellow line).
Forexinn Anatoly a modified version of 3 Level ZZ Semafor, more a little dashboard of the trend direction;
Dyamic Wave of Moving average arrow.
Dynamic Wave of the Moving Averages
Trend Following trading
Buy
3EMA > 21 EMA and 55 EMA ;
when appears a buy arrow of the Dyamic Wave of Moving Averages arrow indicator.
Sell
3EMA < 21 EMA and 55 EMA ;
when appears a sell arrow of the Dynaamic Wave of Moving Averages arrow indicator.
Exit position
at opposite arrow;
at the pivot points leveles;
with profit target predetermined;
Initial stop loss at the previous swing.
In the pictures belowDynamic Wave of the Moving Averages in action.
Dynamic Wave of the Moving Averages
Reversal trading method (this is not for beginners)
Wait the yellow dots and buy or sell at first arrow, if the movement of the price is in trending exit with the previous rules, if the movement of the price is counter trend exit with a fast profit target thet depends by time frame and currency pairs.
These Templates are also good for trading with Binary Options.
After doing a lot of practice on a demo account, you can use the methods together and change the template in a better way. This template is like a framework for developper.
Happy Trading
Janus Trader
Dynamic Wave of the Moving Averages: Indicators and Template
Forex Trading System
Forextradingstrategiesresources (Wednesday, 28 August 2013 19:36)
I think trend following 30 min, 60 min.
Reversal trading 60 min,
Both together 60 min.
Admi
Frank (Wednesday, 28 August 2013 15:25)
Best TimeFrame for this system ?
Thanks .