Currency pairs: any
Time frame: M30, H1
Indicators: 9 SMA (close), 100 SMA (close), RVI = 100 (THIS INDICATOR IS NOT NECESSARY USE IT FOR MOMENTUM MAINLY) .
Entry rules:
Option 1: Enter long when the 9 SMA crosses above the 100 SMA it helps if the RVI is above 0
Option 2: Enter short hen the 9 SMA crosses below the 100 SMA it helps if the RVI is below 0
Exit rules: Close your position and reverse it when the 9 SMA crosses back 100 SMA or close the position when the price crosses back over the 9 SMA by 20 pips.
Advantages:
You may generally have periods when the price may whipsaw 1 or 2 times in a row, but 80-90% of the time when the 9 crosses the 100 you will catch an awesome move.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.