Time Frame:5min
Pairs: EUR/USD, AUD/USD, GBP/USD
Metatrader Indicators:
Fractal,
6EMA, 12EMA, 34EMA
Long Entry:
6EMA is higher than 12ema which is higher than 34ema;
The Up Fractal need to form above the EMAs for LONG;
We open a buy trade when the price is higher than the Up Fractal by 2 pips as shown in the following picture.
Short Entry:
6ema is less than 12ema which is less than 34ema;
The Down Fractal needs to form below the EMAs for SHORT ;
We open a short trade when the price is lower than the Down Fractal by 2 pips.
Exit
The trade will exit by itself after we set the stoploss just below the previous up fractal for short trades or just below the down fractal for a long trade. The takeprofit :6 pips AUD/USD, 8 pips EUR/USD, 10/pips GBP/USD.
