Filtered WMA Cross - Forex Trading System
Enter long (buy):
- 22 pips (20+2 pips spread) above the cross of 5 WMA and the 20
Enter short (sell):
- 20 pips below the 5 WMA and the 20 WMA cross
- at the level of cross. That means 20-22 pips away.
Exit when the 5 WMA crosses the 20 WMA in the opposite direction
of your trade. If entered with 3 lots, exit first after 20 pips
gain, exit second lot after 50 pips gain and finally exit third
lot after 100 pips gain.
WMA - weighted moving average. Apply on EUR/USD 30 minutes chart.
Download WMA filtered MetaTrader indicators
and chart template.
Chart setup should appear like following:
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Foreign exchange trading carries a high level of
risk and may not be suitable for all investors. Do not invest more
money than you can afford to lose. You can lose some or all of your
initial investment. Any performance claims on this site are not
necessarily indicative of future results.