Thursday, 12 February 2015

28-100 MA trading - Forex Strategy Resources

Indicators: 100Ema applied to shut and 28 smooth average that is moving to close.
Timeframe: 4hr and 1hr
Currency: Any, but I suppose Eur/usd would be better.

Entry: the 100ema shows the trend. So above it whenever it's first closed below it whenever we had been in a down trend as provided by the 100ema and a candle closes over the 100ema, we enter a purchase, you'll remain in that purchase until a candle closes underneath the 28 and re-entries are manufactured utilising the 28 once cost details it or closes. The reverse is for a sell trade.



For 1hr, stop loss should really be 50-60pips while take profit should really be 70-120pips, for 4hr stop loss should be 100pips while take profit should be 100-500pips.

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