418# Three fast moving averages scalping system
Three moving averages scalping
Submit by Janus Trader 14/03/2014
Three fast moving averages scalping system is a forex strategy trend following. Time Frame 5-15 min, 60-240, 240-daily.
Three fast moving averages scalping system combines
3 moving averages, 3, 7and 14 and the morfeo indicator. As you can see, I differentiated between the moving averages with three colors, orange, acqua and wythe . The combination of these 3 moving averages and the Morfeo Indicator
will provide us with Current Market Trend. The working rules of the 3 moving averages are as follows: 3 above 7 and BOTH above 14 the market trend is UP (Bullish) 3 below 7 and BOTH below 14 The market trend is Down (Bear) Look at the Morfeo indicator and see when the asterisk crosses the midlle level line.toward an UP trend direction. 3 moving averages are set in the following order: 3 above 7 and both above 14.
You switch to the next higher time frame, to ensure that
the moving averages are arranged there in the right order as well.
By"next higher time frame" I mean, for example,
if you're working on the 5 minutes time frame (M5),
you switch to the 15 minutes (M15)
to the 15 minutes time frame and make sure that the
3 moving averages are set in the following order:
4 above 6 and both above 14.
Place Buy order.
For Selle opposite conditions.
Exit positions options
When 3 ma crosses in the opposite direction 14 ma.
Fast Profit Target that depends by currency and the time frame.
At the levels of fibo pivot line.
Initial stop loss on the previous swing.
In the picture Three fast moving averages scalping system in action.