Forex Trading Strategy With SMA 50

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Forex Trading Strategy With SMA 50

Dear visitors on this note we will try to know the trading system 50 SMA Trading Strategy. Why is it named like this, because indeed the main indicator used is Simple Moving Avarage 50.

Dear visitors on this note we will try to know the trading system 50 SMA Trading Strategy . Why is it named like this, because indeed the main indicator used is Simple Moving Avarage 50.

Indicators Used:
SMA 50
RSI 14 (20/30 – 70/80)
Daily Pivot

Time Frame:
H1 / H4
The use of TF is closely related to candlesticks. If using H1 means there are 24 candles in 1 trading day (Asia – london – America)

Pair Currency:
Can use any currency. It’s just better to use a currency that is quite big. Below is using GBP / USD 

GBP / USD

forex GBPUSD

BUY rules
If the price is positioned RSI 20/30 and is in the Support Area 

SELL rule
If the price is in the position of RSI 70/80 and the price is in the Resistance area

Reviews: 

Moving Avarge
The up trend is if the price is above SMA 50.
The downward trend is if the price is below the 50 SMA

usability of high school. Broadly speaking it can be used for the following:
1. Determine the trends that will occur.
2. Determine the point of support and resistance.
3. Smoothing other indicators that are too jagged

RSI Application 
RSI can be used to find out the following:
Conditions overbought / oversold
Divergence positive / negative
Momentum of price movement 

Daily Pivot
In this Pivot Point you will get the terms Pivot, Resistance, Support

Pivot Is a price movement where the price will not move too far from that point in the up or down condition will still one time return to that price.

What is resistance? The price point where the price is difficult to break a certain upper level limit, but if this point is penetrated usually the price will be able to jump up smoothly, to meet resistance.

What is Support? is the price point where the price will be difficult to penetrate a certain lower level border. But if this point is penetrated usually the price will decrease high enough, to meet the next support point.

 

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