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Forex Strategy “Two Lines”

This strategy is very interesting, but at the same time very simple. It is based on two MA. It can be applied for any currency pair. However, it is very successful with GBPUSD and EURUSD.

To make a purchasing deal there should be the following:

  1. The candle should close higher than the slow MA (the blue line on the chart with the parameter of 17).
  2. The fast MA should not cross the slow MA in the upwards direction. In this case, set 2 pending orders in order to purchase at the price of the candles at high close above the blue MA.
  3. Stop-loss is installed at the minimum of the candle that crosses the MA or is about to fix the value of 100 at the EURUSD currency pair.
  4. Take-profit order is set on the value of the established stop-loss. In this case, take the second order profit and finish the warrant.
  5. The trading position should be finished if the candle by the hour is closed beneath the red MA or the stop-loss.

The strategy works best with purchasing deals. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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