This is another strategy for the Day chart.
5 sma shift 2... cross 5 lwma
stop loss 2 ATR, trailing 2 ATR
it's a stop and reverse.
So usually the close comes with a cross in the opposite direction.
Am trading it on the USDCHF
The trailing stops is at least 2 ATR
But the initial stop may not be that much.
Maybe 100 pips.
This needs only be serviced once day at the start of the new trading day.
5 sma shift 2... cross 5 lwma
stop loss 2 ATR, trailing 2 ATR
it's a stop and reverse.
So usually the close comes with a cross in the opposite direction.
Am trading it on the USDCHF
The trailing stops is at least 2 ATR
But the initial stop may not be that much.
Maybe 100 pips.
This needs only be serviced once day at the start of the new trading day.