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Forex Profit with Moving Average Trading System
This system uses the combination of Moving Average and parabolic SAR. This works in all currency major pairs. Use 30 minutes to 1 Hour timeframe and the spread max would be 0.0005. Bar chart must be recommended in this system.
Forex Indicators:
- Parabolic SAR, set it to (0.2, acceleration factor0.02);
- Moving Averages, Exponential 10
- Moving Averages, Exponential 25
- Moving Averages, Exponential 50
Rules for LONG entry:
- EMA 10 must cross the 25 and 50 up from the bottom.
- Parabolic SAR is at the bottom.
Rules for SHORT entry:
- EMA 10 must cross the 25 and 50 down from the top.
- Parabolic SAR is on the Top.
Exit the trade when the price will cross back down through the 3 EMAs.
Place stop loss below the EMA 50. Move stop accordingly as the position moves in right direction.
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