This is my first post effectively. Will like to inform you that I have developed one important trading strategy will like to share with all.
The strategy is simple and as follows:
- Put SMA 14 with color GREEN
- Put SMA 7 with color RED
Now trading this is very simple
When Red crosses from below to upwards of green then long the pair.
If red line crosses from above the green then sell the pair.
Tgt would be 50 pips
1 hour and 4 hr time frame best
For short targets like 10 to 20 pips u can use 15 or 30 mins chart.
SL will be depending on your capability I prefer trailing SL.
Hope everyone find this strategy useful and I am welcome to everyone response and comments.