This is a great strategy if you are just getting started below are the guidelines that you need to look out for and all the indicators you need:
- 13 EMA ( expotential moving average)
- 20 SMA (Simple Moving Average)
-26 EMA
- 50, 2 bollinger bands
SMA/EMA’s are used to spot the trend whether it is ranging or changing direction. If the MAS are parallel then this is a trend the the MAS are crossing this means it is ranging.
Guidelines for strategy
- If the 13EMA crosses the 20SMA look for trade entries. I have found that the 26EMA usually crosses the 2o SMA before the 13EMA so you can either trade that or wait for the 13 to cross for confirmation.
- The Bollinger Bands are just used for boundaries as you seen in the video if price leaves the boundary it will come back in at some point.
As always practice this strategy on your demo account first and get it right and my recommended brokers are 24option and ioption click on the images below to open account
Thanks for reading hope all this helps
-William Simpson
Skype: william.simpson
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