The Predictive EMA indicator designed for Metatrader 5 is a solid trend forecasting tool composed of a special exponential moving average.
The buy and sell trading rules are easy to understand, follow the guidelines below:
- A buy signal is created when the price climbs above the predictive EMA line.
- A sell signal is created when the price falls below the predictive EMA line.
The indicator contains the following variables and parameters: short period, long period, and extra time forward.
Feel free to experiment with the EMA long and short trading period.
Make yourself familiar with the Predictive EMA indicator and test it first on a demo account before applying it to a real trading account.
Tip for scalpers and daytraders:
The Predictive EMA indicator yields optimal trading results when utilized during the trading sessions in London and New York.
Free Download
emapredictive3.mq5 Indicator (MT5)
Chart Example
The picture below illustrates how the Predictive EMA indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs Utilizing The Predictive EMA Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the candlestick crosses the predictive EMA bottom up.
- Execute a buy trade and set a stop order below the most recent swing low price.
- Close the buy trade for a fixed take profit target, or hold and wait for a sell signal.
Sell Signal
- A sell signal is given when the candlestick crosses the predictive EMA top down ( see chart example above).
- Execute a sell trade and set a stop order above the most recent swing high price.
- Close the sell trade for a fixed take profit target, or hold and wait for a buy signal.
