Who’s online There are currently 8 users online. Submitted by Edward Revy on February 28, 2007 – 13:07. Trading systems based on open price strategy forex moving averages are quite easy to follow. Let’s take a look at this simple system.
Time frame chart: 1 hour or 15 minute chart. Indicators: 10 EMA, 25 EMA, 50 EMA. SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. Just wait for the current price bar to close on the opposite site of 50 EMA.
Exit rules: option1: exit when 10 EMA crosses 25 EMA again. Advantages: it is easy to use, and it gives very good results when the market is trending, during big price break-outs and big price moves. Disadvantages: Fast moving average indicator is a follow-up indicator or it is also called a lagging indicator, which means it does not predict future market directions, but rather reflects current situation on the market. Submitted by User on September 27, 2007 – 08:56.