Ronnierott's 1 Hour Strategy

The currency pairs that I personally use are:-

GBP/USD
EUR/USD
GBP/JPY
USD/CHF

I usually only look for trade setups between the hours of 0600 to 1800 GMT
  the theory is that entries are made off the 15 EMA.

RULE 1. The MACD has to be the right colour for the direction of the trade and the MACD MA must be within the coloured area.

RULE 2. When the price hits the 15 EMA & bounces off or goes through the 15 EMA and reverses back it's a trade AS LONG AS:-

The high/low of the setup candle is NOT more than 50 pips away from the 15 EMA (30 for G/J & U/C) AND the 15 EMA is not within the 50 EMA channel. (See image below)

Entry is then 10 pips above/below the high/low of the setup candle. (Add spread for long trades)

Stoploss 100 pips

Takeprofit 100 pips

Go to breakeven when +50

If pending order is not activated and price goes the other way and closes above/below 15 EMA -- Cancel order and wait for next setup.

RULE 3. DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.


indikator : Macd-with-EMA.mq4