603# Multi moving average day trading

Trend following day trading

Alex MFT moving Average trading strategy

Submit by Christopher

 

 

Multi moving average day trading is a pure trend following strategy based on Zwinner MA and Alex MTF moving average. Alex MTF moving averages indicators are a group of moving averages. This trading system is good for trading also with renko chart.

Time frame 5 min or higher. Best time frame for day trading 15 and 30 min.

Renko chart box size 3-6 pips for day trading.

Currency pairs: majors, more Gold and Indicies.

 

Metatrader Indicators setting:

Zwinner color signals period 45.

Alex MFT MA1 four fast moving averages (6, 12, 18, 24).

Alex MFT MA2 four slow moving averages (30, 36, 42, 100).

 

 

Trading RulesMulti moving average day trading

Buy

Zwinner color signals green line

Alex MFT MA1 and MA2 7 green squares.

Maximum within three bars by the Zwinner signal.

For Renko chart do not apply this rule.

Exit when Zwinner color signals changes direction.

Make profit at pivots levels or with predetermined profit target.

Place initial stop loss on the previous swing low.

 

Sell

Zwinner color signals red line

Alex MFT MA1 and MA2 7 red squares.

Maximum within three bars by the Zwinner signal.

For Renko chart do not apply this rule.

Exit when Zwinner color signals changes direction.

Make profit at pivots levels or with predetermined profit target.

 

Place initial stop loss on the previous swing high.

In the pictures Multi moving average day trading day trading in action.

Multi moving average day trading
Multi moving average day trading
Multi moving average day trading
Multi moving average day trading
Multi moving average day trading
Multi moving average day trading
Multi moving average day trading
Multi moving average day trading

Share your opinion, can help everyone to understand the forex strategy.

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Multi moving average day trading
Multi moving average day trading
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