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Forex strategy. Slow moving averages crossover

Current strategy applies the same principles as "Forex strategy - fast moving averages crossover"...

Use time frame and currency which respond the best (1 hour, 1 day… or any other).

Indicators: (multiple of 7) 7 SMA, 14 SMA, 21 SMA.

Entry rules

When 7 SMA goes through 14 and continues through 21, BUY/SELL in the direction of 7 SMA once price gets through 21 SMA.

Exit rules

Exit when 7 SMA goes back and touches 21 SMA.


Advantages

Again it is an easy set up and does not require any calculations or other studies. Can produce very good results during strong market moves, the system also can be easily programmed and traded automatically.

Disadvantages

System requires periodical monitoring according to a chosen time frame. SMA indicator signal can be confirmed after the current price bar has been fully formed and closed.

In other words, when SMA stops changing and the signal is fixed, traders may rely on such information to open a trade.

Category: Forex Strategies | Views: 1475 | Added by: Tyler | Tags: Slow moving averages crossover, Forex strategy | Rating: 5.0/2

Total comments: 0
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