Forex Simple Moving Average Strategy

This is another simple but effective strategy to use daily in forex markets.

I will demonstrate a simple set up in the 30 Minutes TF.

First add two SMA ( Simple Moving Average ) to your chart.

• yellow with the period value equals 7
• red with period value equals 14

The yellow ( period 7 ) will be our volatile element, will move up and down more easily, this one is used to catch big moves.

The red one is more conservative and will be a more smooth line and we will use it as tendency decision maker.

Saying this you chart should look like mine :)

Analyzing your chart you can see some opportunity to enter the market.

Here is the chart with the entry and exit points you should make: ( i promise i will get better making images )

As you can see above we have:

+390

-177

+60

-150

+190

Which makes a total of: 313 Pips

Not bad for a trading day!

But remember, this kind of techniques are good for ranging days, it the market is stale, don't use this strategy.

In some days i will publish a Expert Advisor for this technique, so you can apply it without problems.