Forex trading strategy #2-a (28-100 MA trading)

ndicators: 100Ema applied to close and 28 smooth moving average applied to close.
Time frame: 1hr and 4hr
Currency: Any, but i guess Eur/usd would be preferable.

Entry: the 100ema shows the trend. So if we were in a down trend as given by the 100ema and a candle closes above the 100ema, we enter a buy, you would stay in that buy until a candle closes below the 28 and re-entries

are made using the 28 once price touches it or closes above it when it has first closed below it. The reverse is for a sell trade

For 1hr, stop loss should be 50-60pips while take profit should be 70-120pips, for 4hr stop loss should be 100pips while take profit should be 100-500pips.

I hope this makes for you good pips,suggestions and questions are welcome

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