Once a day trade using the day chart.
Look for a confirmed cross of 5 sma and 13 smma.
Stop 50
Tp 50
BE plus spread
Ts 25
I monitor all pairs. Generally there are at least two or three set ups per day.
This is generally a slow time around Sydney open and spreads tend to be a little higher with a variable spread broker. But the success rate is fairly high.
Might be due to stop hunting that takes place around market openings so that even if the cross is not a good signal the prices will move a bit in the direction of the cross anyway. If it is a good signal it is possible to catch a decent move.
I open the trade manually but then let stealth V.2 (ea) manage the trade. Stealth V.2 has a hidden stop and profit function so the broker cannot stop hunt the trade.
Patience needed especially since this is the slowest time in the markets. I usually leave the trading desk for a few hours.
Look for a confirmed cross of 5 sma and 13 smma.
Stop 50
Tp 50
BE plus spread
Ts 25
I monitor all pairs. Generally there are at least two or three set ups per day.
This is generally a slow time around Sydney open and spreads tend to be a little higher with a variable spread broker. But the success rate is fairly high.
Might be due to stop hunting that takes place around market openings so that even if the cross is not a good signal the prices will move a bit in the direction of the cross anyway. If it is a good signal it is possible to catch a decent move.
I open the trade manually but then let stealth V.2 (ea) manage the trade. Stealth V.2 has a hidden stop and profit function so the broker cannot stop hunt the trade.
Patience needed especially since this is the slowest time in the markets. I usually leave the trading desk for a few hours.
Attached File(s)
MA_Crossover_Signal.mq4
4 KB
|
499 downloads
Stealth V.2.mq4
7 KB
|
481 downloads
xa.tpl
4 KB
|
405 downloads