Tagged adx




Customer reviews
shane54
I apologize, but, in my opinion, you are mistaken. Write to me in PM, we will talk.
Lily666
Good to know, thanks for the information.

Tagged adxTwo Moving Average Price Crossover

Place 20 EMA and 30 EMA on USDJPY 1H chart.

Rules for entry:

For Longs/Buys, wait for price to CLOSE above both EMAs and place a Buy order above the high of the bar. Stop loss will be placed at the low of the bar.

For shorts, do the reverse.

Exit current position and reverse when the opposite trade signal appears.

As with all trend following systems, this works best in a trending market and is not good for ranging or whipsaw periods.

Note that this strategy is only concerned with whether price has closed above or below the 2 EMAs. It does not matter if the faster EMA is above or below the slower one.

This differs from the other two MA crossover strategy.