Trading indicators – 3 SMA, 11 SMA, 34 SMA + Bollinger Bands(20,2)
Forex pairs – all
TF (TimeFrame) – 15 min, H1, 240 min
Broker – Any that offer MetaTrader 4 platform
Win Ration – 85%
Price – Free
Forex strategy SMA crossover. This trading system must be uses with three different timeframes 15 min, h1 and 240 min, as you must follow for certain trading condition.
When to BUY ?
You could buy, when on the 15 minutes chart the 3-period SMA > 11 SMA > 34 SMA.
If the chart show that, you must look on h1 chart and check again, whether 3-period SMA > 11 SMA > 34 SMA.
The last step is to go and check the 240 min timeframe chart. If the conditions is the same as the h1 chart and 15 minutes chart, you can make long entry. You can open trade, when the price retrace the 11-period SMA on 15 min timeframe chart.
When to make SELL entry?
The conditions for sell entry is the same as the buy entry with the difference that 3-period SMA < 11 SMA < 34 SMA. You must check 15min, h1 and 240 min timeframe charts for this rule.
Where to place the target?
You can search for TakeProfit target 20-30 pips or you can use ratio 1,3. That means, if you stop loss is 21 pips, your target could be 28 pips. Stop loss could be put 3 pips below the lower bands for buy or 3 pips above the upper bands for sell.