The strategy works on the pound dollar currency pair 1 hourly. 21 EMA and EMA 10 are used. The condition to enter a position is when EMA10 crosses EMA 21 and the opening price is less than EMA 10 and the closing price is greater than EMA 10 then we have a buy long position when open the next candle. The same condition applies with a reverse sign to enter a short position. That is, when EMA 10 crosses EMA 21 "down" on the chart. Take profit 15 pips, stop loss 22 pips.

I will add that the strategy works extremely well in a calm market. When there is important news, especially from the USA, and the market is volatile, the strategy gets slightly confused and needs time to recover.

Krasimir Tsolev
(skrasi)
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