Intraday strategy on EMA and ADX

This intraday strategy on EMA and ADX is a simple and easy to use, but at the same time profitable system. You can always find the necessary indicators in the trading terminal metatrader 4 and other modern trading terminals. Three indicators will be needed to work: EMA (4), EMA (11), ADX (13), and the recommended timeframe is daily, currency pair - at the discretion of the trader.

Rules of intraday strategy

To open purchase orders The following conditions must be met:

1. +DI (blue line) of the ADX indicator should be above -DI (red line);
2. The ADX indicator (yellow line) should be above the 22 level;
3. EMA (4) crossed EMA (11) from bottom to top.

At the same time, a position should be opened only after the closing of a signal candlestick, i.e. a candlestick on which all three conditions listed above are met.

To open a sell order, the following conditions must be met:

1. +DI (blue line) of the ADX indicator should be below -DI (red line);
2. The ADX indicator (yellow line) should be above the 22 level;
3. EMA (4) crossed EMA (11) from top to bottom.

Support of open orders

You should close a previously opened position when the EMA indicators cross in the opposite direction of the open position. Also, if desired, you can use trailing stop.

Stop loss should be set at the level of local extrema above or below, depending on the position to be opened.