Hi guys so I made this articles to show you one simple but very effective strategy using just two indicators I use this strategy for four timeframes fifteen minutes thirty minutes four hours and one day and I use two exponential moving averages the main idea of this strategy is to trade when price touches first EMA or Pierce's it and then reverses to its previous direction either is uptrend or downtrend let's say we find an established trend.
We look for the moment when price touches or pierces the first EMA it can be anywhere between the two e mas and wait for a reversal candle here's this moment on this chart we see the bullish candle that touches the moving average and we see that the next candle is reversing it becomes an even bigger bearish one.
We open a sell position at the close of this candle our stop loss will be set to pips above the high of it then our stop loss will be moved to every next swing high which is here here and here we will exit our position when our stop-loss is hit right here we would make 80 pips on this trade here's another example on this uptrend we open a buy position at the close of this bullish candle which together with previous bearish candle makes a so-called railroad formation price went all the way up after that so we move our stop loss sequentially three times at three swing lows here here.
And here and we would close our position when our stop-loss is hit at this bearish bar this trade would bring us a nice profit of two hundred and seventy pips as you can see this strategy works very well and is very simple to learn and apply I wrote a detailed report on how to use this strategy and you can get it absolutely free click on the link below this articles to download the report and let me know how it worked for you have a good day and good luck with your trading.