Hello
MA's cross has been the simplest trading strategy i've ever come across, also very underrated imho.
Another factor, besides simplicity, that makes this strategy attractive is that all tools required are included in the downloadable MT4 packages and they never go out of date no matter the software's updates, while it is very easy to set up this template from scratch in whatever device anyone uses.
So,
EMA 5, close
EMA10, close
SMA200, close.
A couple of extra tools appearing in the charts published are attached in a zip file together with the reference template.
Rules for any pair and any timeframe are the following.
Long entry:
a) bullish candle closes above EMA5
b) EMA5>EMA10>SMA200
c) slope of all MA's is upwards
SL in previous-1 swing low.
Exit: in first candle closing below EMA5
Short entry:
a) bearish candle closes below EMA5
b) EMA5<EMA10<SMA200
c) slope of all MA's is downwards
SL in previous-1 swing high.
Exit: in first candle closing above EMA5
Feel free to submit charts with trades or potential trades according to the certain strategy/system.
Please, avoid adding any more indicators, this is supposed to be in the KISS category.
Please notice that in order for the potential or realized trades to be useful for others too, only H1, H4 or D1 charts fit here.
This morning's first trade:
Long GBP/USD
MA's cross has been the simplest trading strategy i've ever come across, also very underrated imho.
Another factor, besides simplicity, that makes this strategy attractive is that all tools required are included in the downloadable MT4 packages and they never go out of date no matter the software's updates, while it is very easy to set up this template from scratch in whatever device anyone uses.
So,
EMA 5, close
EMA10, close
SMA200, close.
A couple of extra tools appearing in the charts published are attached in a zip file together with the reference template.
Rules for any pair and any timeframe are the following.
Long entry:
a) bullish candle closes above EMA5
b) EMA5>EMA10>SMA200
c) slope of all MA's is upwards
SL in previous-1 swing low.
Exit: in first candle closing below EMA5
Short entry:
a) bearish candle closes below EMA5
b) EMA5<EMA10<SMA200
c) slope of all MA's is downwards
SL in previous-1 swing high.
Exit: in first candle closing above EMA5
Feel free to submit charts with trades or potential trades according to the certain strategy/system.
Please, avoid adding any more indicators, this is supposed to be in the KISS category.
Please notice that in order for the potential or realized trades to be useful for others too, only H1, H4 or D1 charts fit here.
This morning's first trade:
Long GBP/USD
Attached File(s)
KISS Classics_3MA's.zip
22 KB
|
280 downloads