I use the following indicators when trading for an Intraday.
- 8SMA and 34EMA
- STOCHASTIC with 0.15 and 0.85
- When 8SMA crossed above 34EMA and STOCH is above 0.85, Go Long and Exit when the 2 MAS crosses again.
- When 8SMA crossed below 34EMA and STOCH is below 0.15, Go Short and Exit when the 2 MAS crosses again.
I found it useful to me when trading for a day. Preferred chart M15 and M5
Thank's for your excellent strategy . A question : 8sma is a simple or smoothed ma ?
Thank you and happy pips !
Its a pleasure.Try it you will have more winning trades
Can post some screenshots? Please.
Thanks, this i great.
And i think it is the simple not smoothed