Indicator: 13 Simpe MA - Close
S/L: 5 pips + spread
T/P: 3x s/l + 3x spread or 4x s/l + 4x spread
I use 7 pips s/l with a 21 pip t/p
T/S: 10 pips
Long Entrance:
S/L: 5 pips + spread
T/P: 3x s/l + 3x spread or 4x s/l + 4x spread
I use 7 pips s/l with a 21 pip t/p
T/S: 10 pips
Long Entrance:
- Wait for 13 SMA to give an upward movement.
- High of the bar must be above the 13 SMA at the time the 13 SMA moves up, or no trade
- Enter the trade 1 pip above the high of the set-up bar
- Secondary Exit is when the price after the 1st closed bar has move. below the 13 SMA by 1 pip
Short Entrance:
- Wait for 13 SMA to give a downward movement
- Low of bar must be below 13 SMA at the time the 13 SMA moves down or no trade
- Enter the trade 1 pip below the low of the set-up bar
- Secondary Exit is then the price after the 1st closed bar has moved above the 13 SMA by 1 pip
That is the very simple rules to the system....Enjoy
"Keep your eyes on the helpers" - Mr. Rogers