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forexstrategiesresources.com/forex-strategies-based-on-indicators/50-williams-r-stochastic-and-ema
Submit by joy22
Indicators:
Williams % R
40 EMA , 80 EMA
Rules
Long Trades
2) Only long trades are taken when 40 EMA is above the 80 EMA.
3) The Williams % R indicator must move below -80 (oversold) and then close above -
80 line. This is the signal to go long.
4) An entry order is placed just above the highest part of the signal candle.
5) A stop loss order is placed just below the most recent low or 50 points away from the
entry, whichever is less.
7) The stop loss order is progressively moved up as the stochastic makes new valleys.
Short Trades
2) Only short trades are taken when 40 EMA is below the 80 EMA.
3) The Williams % R indicator must move above -20 (overbought) and then close below
-20 line. This is the signal to go short.
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4) An entry order is placed just above the lowest part of the signal candle.
5) A stop loss order is placed just above the most recent high or 50 points away from the
entry, whichever is less.
7) The stop loss order is progressively moved down as the stochastic makes new peaks.
2) The Williams % R indicator has moved out of the over brought area and closed below
the 20 line giving a signal to place an entry order.
3) Place your entry order just below the lowest part of this candle.
4) Place your stop loss order just above the recent high but no more than 50 points.
2/4
1) The 40 EMA is below the 80 EMA so we will only take short trades.
2) The Williams % R indicator has moved out of the over brought area and closed below
the 20 line giving us a signal to place an entry order.
3) Place your entry order just below the lowest part of this candle.
4) Place your stop loss order just above the resent highs but no more that 50 points.
1) The 40 EMA is below the 80 EMA so we will only take short trades.
3/4
2) The Williams % R indicator has moved out of the over brought area and closed below
the 20 line giving us a signal to place an entry order.
3) Place an entry order just below the lowest part of this candle.
4) Place your stop loss order just above the recent high but no more than 50 points.
4/4