Moving Average Support Resistance Forex Trading System – Best Forex Swing Trading System & Strategy Based on Moving Average Support Resistance Lines. This strategy for short term swing trading.
Support and resistance is one of the most widely used concepts in Forex trading. Strangely enough, everyone seems to have their own idea on how you should measure MA support and resistance.
Metatrader Trading Indicators
- 50 SMA
- 10 SMA
- Double CCI
- RSI Filter
Trading Rule
Trades only in the direction of the major trend trend (50 MA)
BUY Rules
- Price: Above 100SMA and 10 SMA
- Trend CCI: Green histogram
- RSI TC: Green line
SELL Rules
- Price: Below 100SMA and 10 SMA
- Trend CCI: Red histogram
- RSI TC: Red line
SELL Rules
Exit position is discretionary. The advantage of this system is to be able to in a way acceptable to filter the lateral market phases. The results are very interesting!!
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