“Forex and Stock” Golden Cross Trading Strategy

The Moving Average Golden Cross Trading Strategy – The BEST “SCALPING and SWING Trading Strategy” For Beginners That No-one Ever Told You. This tutorial provides a clear, winning, step-by-step guide to, “How to successfully trade in the Forex, Stocks, or any financial markets, and generate consistent profits”.

 

Directionally, a golden cross happens when a 50-day moving average for an asset trades higher than a 200-day moving average. In other words, prior to the the cross, the 50 moving average would have been below the 200sma. The golden cross can be contrasted with a death cross indicating a bearish price movement. You can see this in the next example.

 

There are three stages of a golden cross.

• 1st. As the downtrend in the asset market ends, the short-term 50-day moving average moves below the 200- day moving average.
• 2nd. In a crossover, when an asset recovers, the short-term moving average crosses over the long-term moving average. That’s where the term golden cross comes from, when the two average lines cross on a chart.
• 3th. In the last stage, the short-term moving average continues to move upward. That’s usually a sign that the asset market is on a bullish trend.

 

• Download “ForexWOT-GoldenCrossSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT-GoldenCrossSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT-GoldenCrossSystem” trading system and strategy.
• You will see the “Golden Cross Trading Strategy” trading system is available on your Chart.

 

• Look for a double bottom on the chart. The second low should be lower than the first.
• Next wait for the golden cross formation. Lastly, wait for the price to retest the 200 simple moving average.
• You want to buy the test of the “new bullish trend” with a stop below the low of the 200 simple moving average.