Timeframe: Any
Recommend pair: Any major pair
Indicator: 20-period DEMA
Platform: MT4, TradingView
Long trade setup
Entry
The price should move above the DEMA. Wait for the price to continue heading upwards and then enter the trade.
Take-profit
Set take-profit when the price drops below the DEMA.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
The chart below shows when the price moves above the DEMA, it provides a long entry point.
Long trade setup
Short trade setup
Entry
The price should move below the DEMA. Wait for the price to continue heading downwards and then enter the trade.
Take-profit
Set take-profit when the price goes above the DEMA.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
The chart below shows when the price goes below the DEMA, it provides a short entry point.
Short trade setup
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