This Forex video tutorial explains how to create two useful templates for the charts in MetaTrader 4 platform, using only standard indicators, to successfully use two basic Forex trading strategies.
First template (Bollma) includes the following conditions:
- Exponential Moving Averages (EMAs), Bollinger Bands (BB) and Awesome Oscillator (from Bill Williams standard MT4 indicators).
- Generates a signal on a clear cross between the EMAs.
Second template (Ichimoku) includes the following conditions:
- Ichimoku Kinko Hyo indicator and EMAs.
- Bullish cross of the EMAs above the Kumo cloud of Ichimoku is a bullish signal.
- Bearish cross of the EMAs below the Kumo cloud of Ichimoku is a bearish signal.
The example is shown for the EUR/USD daily timeframe chart.
Posted on Forex Video Zone.
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