Recommended timeframes M15
Instruments: All.
Timeframes: M15 and above.
Trading hours: London and New York trading sessions.
Indicators:
- SMA 21 (simple moving average with the period 21),
- SMA 11 (simple moving average with the period 11),
- Momentum 30,
- RSI 14.
Conditions required for opening long positions:
The indicator Momentum crosses the level 100 from bottom to top; SMA 11 is above SMA 21, while the price is above the moving average lines.
Conditions required for opening short positions:
The indicator Momentum crosses the level 100 from top to bottom; SMA 11 is below SMA 21, while the price is under the moving average lines.
Exit points:
Buy transaction shall be closed when RSI enters the overbought zone. Sell transaction shall be closed when the indicator enters the oversold zone.