There are many free Forex systems on the internet, but how
many of them are extremely complex?
Here is a simple profitable Forex trading system that can be used with all
currency pairs or actually any chart. You can use any time frame but this tends
to work best.
First step: Set up your chart indicators
Set the Time Frame to 2 Hours
Insert 150 Exponential Moving Average (EMA) line – Make it BLACK
Insert 30 EMA line – make it RED
Insert 50 EMA Line – make it GREEN
Getting a BUY signal with the FOREX pair
When the BLACK line (150 EMA) is in an upward direction – its a signal you’re
looking to ONLY go long (buy) the Forex pair
The signal: When the RED line (30EMA) crosses the GREEN line (50EMA) from the
bottom, you must enter the trade.
The Stop loss: Set you stop loss 45 pips below the entry point and move it
incrementally up as you move into profit.
Getting a SELL signal with the FOREX pair
When the BLACK line (150EMA) is moving in a downward direction in the Forex pair
-It is a signal you should be looking for an opportunity to go SHORT (sell the
The signal: When the RED line (30EMA) crosses the GREEN line ( 50EMA) from the
top, you must enter the trade.
The Stop loss: Set the stop loss 45 pips below the entry point and move it
incrementally as you move into profit.
Things to remember:
Exercise sound money management and discipline
Be patient – the Forex market offers many opportunities – take the best ones –
when the signals meet your trading system
To see more Forex trading systems here.
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