Throw a 50 SMA onto a 5 min chart. See what I see? When the price retraces and the cndle closes past the 50 it shoots up or down a decent amount before reversing direction again.
I want to capitalize on the initial break past past the 50 SMA, hopefully up until the point of retreat.
Of course this needs to be fine tuned and filtered for optimal performance. This is where all you guys come in.
Any thoughts on how to optimize this? Currently I threw a cheap 15 pip trailing stop on it, but there's definately more to this set up than just that.
I want to capitalize on the initial break past past the 50 SMA, hopefully up until the point of retreat.
Of course this needs to be fine tuned and filtered for optimal performance. This is where all you guys come in.
Any thoughts on how to optimize this? Currently I threw a cheap 15 pip trailing stop on it, but there's definately more to this set up than just that.
