Warning: All Forex Robotic Software Is NOT Created Equal - Don't Put Up With Second Best 

Professional Surveyor Boards » General Surveying » Warning: All Forex Robotic Software Is NOT Created Equal - Don't Put Up With Second Best

Name Message
isbellaisla
Posts: 118

Joined: 12/7/2018
Topic  Warning: All Forex Robotic Software Is NOT Created Equal - Don't Put Up With Second Best       Flag »  Reply »
The first point to keep in mind is moving Print Profitaverages don't work in short time frames and I have seen many people use them in day trading off the 30 minute chart, don't do this - they don't work.

The moving average can only be used in longer term time frames so let's look at some good ones to use. 
In terms of trends there are 3 moving averages I Like the 40 and 20 day MA's.

In a bear market, the trend will very often change when the 40 day MA is broken to the upside and as the trend progresses, the 20 day moving average will act a support and is an excellent average to buy back too. If you want to be sure the trend is in motion wait for the 40 day average to give way and then wait for the first pull back to the 20 day to get long.

This sounds very simple and it is and you can see how effective it is on any currency chart.

When trading a bull trend you would look to get in at the 20 day MA and put your stop behind the 40 day MA. If you look at the big trends they will last for many weeks and these averages will help you get into trends and hold them. Trends last a lot longer than most traders think and if the averages show you there is a trend in motion get into it and stay with it.
  Saturday, March 2, 2019 at 12:38:37 AM

Professional Surveyor Boards » General Surveying » Warning: All Forex Robotic Software Is NOT Created Equal - Don't Put Up With Second Best

 
» Reply to Warning: All Forex Robotic Software Is NOT Created Equal - Don't Put Up With Second Best Topic

In order to post a new message, you must first be logged into an account.