Forex buffalo strategy SMA crossover

8
Forex Buffalo strategy-SMA crossover Forex Buffalo Forum

description

Forex Buffalo strategy-SMA crossover

Transcript of Forex buffalo strategy SMA crossover

  • 1. Forex Buffalo strategy-SMA crossoverForex Buffalo Forum

2. Forex Use time frame and currency which respondthe best. (1 hour, 1 day or any other). Indicators: (multiple of 7) 7 SMA14 SMA21 SMA. 3. Forex Buffalo- Entry rules: Entry rules: When 7 SMA goes through 14 and continues through21, BUY/SELL in the direction of 7 SMA once price getsthrough 21 SMA 4. Forex Buffalo- Exit rules: Exit rules: exit when 7 SMA goes back and touches 21 SMA. 5. Forex Buffalo- Advantages: Advantages: again it is an easy set up and does not require anycalculations or other studies. Can produce very goodresults during strong market moves, the system alsocan be easily programmed and traded automatically. 6. Forex Buffalo- Advantages: Disadvantages: System requires periodical monitoring according to achosen time frame. SMA indicator signal can beconfirmed after the current price bar has been fullyformed and closed. In other words, when SMA stops changing and thesignal is fixed, traders may rely on such information toopen a trade. 7. Forex Buffalo-Image 8. Forex Buffalo Thank you all .