Main photo Momentum Forex Trading Strategy

Momentum Forex Trading Strategy

  • By Yuri
  • 3160 views

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.


Yuri
Yuri

Risk Warning: Trading on Forex and Binary Options carries a high level of risk and it is not suitable for all investors.There is always a possibility of losing some or all of your initial investment, so you should not invest money which you can't afford to lose.Eventhough we Forex Stock Exchange Forum -fxsforexsrbijaforum.com,does not provide any investment advice you should be aware of the risks involved. Any opinions, news, research, analyzes, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.Forex Stock Exchange FORUM will not accept liability for any losses, which may arise directly or indirectly from use of information from our website.You trade at your own risk!

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