Moving Average Forex trading strategy
The crossing of simple moving averages
Time Frame : 1hour, 1 day
Currency Pair: EUR / USD
Indicators: 7 period Simple Moving Average SMA, 14 period Simple Moving Average SMA 14, and 21 period Simple Moving Average SMA.
Entry rules : when the 7 Simple Moving Average SMA Crosses to the 14 SMA and then crosses the 21 SMA Simple Moving Average, buy / sell signal is in the direction of the 7 period Simple Moving Average SMA. Confirmation when the current candle is fully formed.
Exit rule : when the 7 period Simple Moving Average SMA indicator returns and touches the 21 period SMA Simple Moving Average.
This trading system is very simple strategy, and leads to good results in a strong trending market. This trading system can be easily programmed.
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