As per your requests, I’m going to show you a Trend following Forex Strategy. Double EMA strategy can be used for both forex and Binary Options. This Forex system is different than the normal Moving Average Trading Systems. We are not looking for the cross of two moving averages. In this case, we use the Fullback method ( Retracement Strategy).

Moving averages are very helpful when we come to understand trend direction. Majority of indicators are based on moving average concept. For example, we can take B

There are 3 types of moving averages. Simple, Exponential and the most famous indicator is Exponential moving average. In this system, we use 2 EMA indicators. One with a short period and one with a long period. We use different Price Types for both indicators. This is an interesting strategy. I’m sure you have never looked at Forex Moving average system like this way. Also, check out my **turning point** in Forex trading

Double EMA Strategy Indicators used : Exponential Moving Average

Time Frame: 5M

Expiry Time: 5M

Entry: 2-3 Seconds Before Previous Candle Expiry

You need to set up your charts like below ;

EMA I Settings

Period: 14

Shift: 0

MA Method: Exponential

Apply to: Close

EMA II Settings

Period: 2

Shift: 1

MA Method: Exponential

Apply to: Close

## Double EMA Strategy Rules

look for retracements from Blue line. For Forex Beginners I’ll explain further. When you see a candle touch Blue EMA and move away from it. We call this a pullback. When a pullback happens there’s a higher chance of a continuation of the trend to the pullback direction. in this forex strategy, we check both EMA directions. They must be on the same trend, same direction. Then the second rule is to

Double EMA Strategy Disclaimer

NOTE: This article is not about investment advice.

www.fbforex.com/disclaimer

[…] eventually price never really broke the moving average to the downside again RSI Divergence and then we had this nice rally that has now found resistance […]