Moving Average Cross Forex trading strategy is a simple system that is based on the cross of the two standard indicators the fast EMA (exponential moving average) and the slow EMA. You can also use our free Adjustable Moving Average Cross expert advisor to trade this strategy automatically in MetaTrader platform.
Enter Long position when FMA crosses SMA from below.
Enter Short position when FMA crosses SMA from above.
Stop-loss for Long positions should be set to the Low of the last candle before the cross occurred. For Short positions to the High of the last candle before the cross.
Take-profit should depend on the stop-loss and should be not less that stop-loss. I recommend setting TP to 1.5 * SL or 2 * SL.
If another cross appears before the stop-loss or take-profit are triggered close the position.
As seen on the example chart, entry conditions are quite clear and with the proper TP/SL ratio, this strategy can be quite profitable.
Use this strategy at your own risk. EarnForex.com can't be responsible for any losses associated with using any strategy presented on the site. It's not recommended to use this strategy on the real account without testing it on demo first.