End of Day Moving Average Cross - MT4/MT5 Resources
Trade once a day using the daily chart.
Look for a confirmed crossover of 5 sma and 13 sma.
Stop 50
Tp 50
BE markup
Ts 25
I monitor all pairs. Generally speaking, there are at least two to three settings per day.
Opening hours are generally slower around Sydney and prices with variable spread brokers tend to be a bit higher. But the success rate is still quite high.
It may be that the stop hunt occurred near the market open, so even though the crossover was not a good signal, the price moved a little in the direction of the crossover anyway. If this is a good signal, it is possible to capture a good move.
I open the trade manually and let Stealth V.2 (ea) manage the trade. Stealth V.2 features hidden stop loss and take profit features so brokers cannot stop tracking trades.
Patience is especially needed since this is the market's slowest period. I usually leave the trading desk for a few hours.
Look for a confirmed crossover of 5 sma and 13 sma.
Stop 50
Tp 50
BE markup
Ts 25
I monitor all pairs. Generally speaking, there are at least two to three settings per day.
Opening hours are generally slower around Sydney and prices with variable spread brokers tend to be a bit higher. But the success rate is still quite high.
It may be that the stop hunt occurred near the market open, so even though the crossover was not a good signal, the price moved a little in the direction of the crossover anyway. If this is a good signal, it is possible to capture a good move.
I open the trade manually and let Stealth V.2 (ea) manage the trade. Stealth V.2 features hidden stop loss and take profit features so brokers cannot stop tracking trades.
Patience is especially needed since this is the market's slowest period. I usually leave the trading desk for a few hours.
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