Forex Strategy “SMA108”This is a simple strategy for trading that is generated on two indicators: the MA of the price crosses with additional levels that represent the moving channels for profit locks and breakout extremes of session. It is recommended for the EURUSD currency pair.
Make a buying transaction if:
- The price crosses the SMA and it is moving to the breakdown.
- The punches of sessions go up, even if it comes back in the other direction.
- Stop-loss is lower than the minimum price and it generated a gray zone.
- When the first order is closed, the two others in the rate of swap are without losses. Change the position of the without losses level profit as soon as the price gets 70 points.
- If the price moves in our direction, take the profit at the levels of 140, 240, and 350.
- If the price continues to move and transport, close the warrant at the current price. Otherwise, close just the stop-loss.
