Hi,
here’s my extremely simple trading scheme, still in backtesting, of course, but still i would like to share it with You and to get some feedback and suggestions.
So here’s the setup:
Daily chart
10 day SMA, applied to the high, green
20 day SMA, applied to the low, green
10 day SMA, applied to the low, red
20 day SMA, applied to the high, red
5 day SMA, applied to the close, yellow
Go long when the red lines are within the green lines and the yellow line is above the upper green line
Go short when green lines are within the red lines and the yellow line is below the lower red line
Exit the deals of both side when the conditions fail to exist
Should look like on the screenshot. So please, let me know what You think… And also, where would You place the stops/targets, considering its a daily system? And when exactly in Your opinion would be the best time in day to chaeck on the positions? I was thinking right before the London open. Any suggestions?
Best wishes, Trippie
