55 EMA Moving Average Bounce Forex Trading Strategy System
55 EMA Bounce uses one Moving Average indicator and trade on bounce price .
Best Trading strategy Time Frames : 5 Minutes chart , 15 Minutes chart , 30 Minutes chart .
Strategy indicators Parameters :
1- Moving Average indicator ( Period : 55, Ma Method : Exponential , applied price : close ) .
Straegy Entry Rules :
Buy Signal :
1- Moving Average line moving in uptrend direction .
2- price touch moving average line and bounce from it and candle close above it .
Sell Signal :
1- Moving Average line moving in downtrend direction .
2- price touch moving average line and bounce from it and candle close below it .
Exit Trade :
exit buy trade when candle closes below 55 EMA line .
exit sell trade when candle closes above 55 EMA line .
add target point 10 pips on 5 minutes chart trading and 20 pips on 15 minutes chart trading and 30 pips on 30 minutes chart trading .