When the 13 EMA crosses up over the 55 EMA it is a sign to buy (long) OR a sell (short) if the line is crossing downward under the 55 EMA.
STOP LOSS
1. Stop loss placed somewhere on the opposite side of the 55 EMA . If candles previous on that same side then behind the one of those candles as well to put
distance between candle levels.
2. Set a specific stop loss according to your money management tolerances, 10, 25 or 50 pips as your needs dictate.
Profit Target
15, 30, or 60 pips.
Write a comment
Jalso (Tuesday, 08 March 2016 23:43)
Interesting.
Vinod (Wednesday, 09 March 2016 00:24)
If we get the entry right then we will always be in great benefits, but if our entry is not right then we will struggle pretty badly. I am trading with OctaFX broker and they are a type of broker that always makes us win. This is to do with their low spread which is just 0.2 pips, so with such low spread, I don’t think one can ever feel like having wrong entry. I am very proud to work with them since this puts me in great benefits almost every single time!
dodgerblue (Saturday, 26 March 2016 03:34)
This will be a profitable system with MACD. But this is not a new idea.
Many traders are using MA cross system.