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50-Sma Strategy PDF

This strategy is for positional traders using a hourly time frame. It recommends going long when the instrument closes above its 50-day simple moving average for three consecutive hours after crossing above from below, entering above the third candle's high. It recommends going short when the instrument closes below its 50-day simple moving average for three consecutive hours after crossing below from above, entering below the third candle's low. Positions are held for 1-2 days with targets of 1.5-2% and stop losses of 0.5-1%.

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fixemi
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393 views1 page

50-Sma Strategy PDF

This strategy is for positional traders using a hourly time frame. It recommends going long when the instrument closes above its 50-day simple moving average for three consecutive hours after crossing above from below, entering above the third candle's high. It recommends going short when the instrument closes below its 50-day simple moving average for three consecutive hours after crossing below from above, entering below the third candle's low. Positions are held for 1-2 days with targets of 1.5-2% and stop losses of 0.5-1%.

Uploaded by

fixemi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Strategy for : Positional Traders

Time Frame: Hourly

Indicator used : 50 day simple moving average (SMA)

Buy : when instrument is trading above 50-sma

Entry : when three candles close above 50 sma hourly where


first candle has crossed 50 sma line from below and
closed above, buy above high of third candle and hold
the long position for 1-2 days

Sell : when instrument is trading below 50-sma

Entry : when three candles close below 50 sma hourly where


first candle has crossed 50 sma line from above and
closed below, sell below low of third candle and hold
the short position for 1-2 days

Target : 1.5%-2% from entry level

Stop Loss : 0.5%-1% from entry level

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