Forex trading strategy #2 (Slow moving averages crossover)
Submitted by Edward Revy on February 28, 2007 - 13:08.
Current strategy applies the same principles as Strategy #1.
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.
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SMA means simple moving averange and its also fast
SMA stends for simple moving average.
You are welcome,
Edward.
SMA Means Smooth Moving Average or Simple Moving Average?
Thank you very much.
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