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The Forex Revolution

21-7 Forex System

{ Posted on 5/12/2011 06:19:00 PM by De_Trainer }
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This just simple system, based on MA's ... again. Using Exponential Moving Average 7-period and Exponential Moving Average 21-period. When fast MA cross slow MA it determines changing trend whether Long/Short. Fast MA above slow MA mean uptrend and fast MA below slow MA mean downtrend. After crossed usually price will pullback for retrace and that's time to open position. Better use buy/sell limit 10 - 15 pips, so you will get better level trade.



At gold circle, there's slightly decline movement from MA. We assume that it will triggered continuation. Then using sell limit at 20 pips above to make better level open position.

Get out or Move your SL if price break Slow MA in full candle or candle near Engulfing in full time bar, so its not change any form again.

Pic above just sample of Sell position, for Long there's not much different, just Fast MA must above Slow MA. Simply and nothing fancy stuff.

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