Forex Strategy Resources - Slow moving averages crossover

Use time frame and money which respond the most effective (1 hour, 1 time… or any other).
Indicators: (several of 7) 7 SMA, 14 SMA, 21 SMA.

Entry guidelines: whenever 7 SMA undergoes 14 and continues through 21, BUY/SELL in direction of 7 SMA once price gets through 21 SMA.

Exit rules: exit when 7 SMA goes back and details 21 SMA.

Benefits: once again it's an set that is straightforward and does not need any calculations or other studies. Can create really outcomes which are good strong market moves, the system can also be effortlessly programmed and traded automatically.

Drawbacks: System requires monitoring that is periodical to a chosen time framework. SMA indicator sign can be verified after the cost that is current happens to be fully created and closed. This basically means, when SMA stops changing plus the sign is fixed, traders may count on such information to start a trade.