Im currently trying to build my own trading system which involves the crossover of 2 moving averages as part of spotting the trend.
Now i understand how to look at and use moving averages but ive never really tried to build my own system untill now so i struggle to find good settings for the moving averages.
I understand its up to me to find whats best but for me its a struggle to do that withoud having a good base setting for the 2 that i can use for day trading and mainly trading the 1H chart.
And would anyone recommend using both a simple and a expenential ma combined or would it be best to just use 2 of the same kind?
While I don’t do cross overs, they can be very effective for traders with a lot of patience however crossovers do give up 50% of the price action more or less.
I do use the 50 period MA for a bull or bear bearing and then just price action.
The beginner's guide to FX trading