Forex trader pdf

forex trader pdf

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You can also use our freeAdjustable Moving Average Cross expert advisorto trade this strategy automatically in MetaTrader platform. Features Very easy strategy to follow. Simple indicators used.

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It's easy to set stop-loss. Moving averages are laggy can lag up to 10 bars. Ineffective during the flat markets.

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Strategy Set-Up Any currency pair and timeframe should work. Add an exponential moving average to the chart, set its period to 9, apply to Close, set color to red optional this is your fast moving average FMA. Add another exponential moving average to the chart, set its period to 14, apply to Close, set color to blue optional this is your slow moving average SMA.

Exit Conditions Stop-loss for Long positions should be set to the Low of the last candle before the cross occurred. For Short positions to the High of the last candle before the cross.

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Take-profit should depend on the stop-loss and should be forex trader pdf less that stop-loss. I recommend setting TP to 1. If another cross appears before the stop-loss or take-profit are triggered close the position.

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