This is a very efficient and simple trading strategy which includes a few tools and indicators. I call this system the crossover moving average. It includes two moving average EMA, Stochastic oscillator and RSI (relative statistic index) all combined. This gives us the signals to buy and sell and to exit from a position. It is a simple trading strategy because it keeps the trading simple and clear.
First we must add all the tools that we use in this system like so:
do it twice:
Next, we’ll set the RSI:
period: 14; Levls: 30,000, 70,000, 50,000
For the stochastic –
%K period: 14; %D period:3; Slowing: 3
In order to get a signal for buy position in this system we need that all conditions will come at the same time. First we should see the short EMA crossing the 10 EMA. If the short EMA crosses the 10 EMA from below to above, that’s our signal to buy, but we also need to check that the RSI is above 50, which means the price is in positive momentum and we would like to see the stochastic move upwards.but not over the 80 value.
This kind of setup is a good signal for buying positions.
there are two possibilities for this position to get a signal to exit from this position.
I would advise you to always combine this system with another price action pattern and any indicators you have.
Click here for our complete guide – Supply and demand forex the highest accuracy method
If you want to receive an invitation to our weekly forex analysis live webinars.
Sign up for our Newsletter.
Subscribe to our youtube channel
Forex Trading Room on April 13 – 16, 2021 – How to take counter trend trades
How to Become a Successful Forex Trader
What You Need to Know About Forex Overtrading
Franklin L. Explains How to Manage Psychologically a 160K Account
To Stop Loss or Not To Stop Loss – 4 Stop Loss Techniques
Forex Trading Room on April 6-9, 2021 – Successful Long Position
The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.
Get Your Forex Funded Trading AccountOffice Hours:
Sunday – Thursday
07:00 – 17:00 GMT
Fridays
07:00 – 12:00 GMT
Telephone:
+1 (929) 955 5595
+44 (20) 8068 0793
Open now
Email:
[email protected]
Offices:
Enstar House, 168, Praed Street, London, United Kingdom, W2 1RH
3 Rapaport st, Kfar Saba, Israel
You must be logged in to post a comment.