127# Moving Averege with Fractal Trading System
Submit by Ozzy Trader 20/03/2012
This is a basic system that require a break of a fractal for trend direction entries and exits are based when moving average touches 3 SMA Low for buys and 3 SMA High for shorts.
Time Frame 5 or higher.
Currency Pairs:any.
Indicators:
SMA 3 High (simple moving average);
SMA3 Low simple moving average);
Jma Starlight 100 or (100EMA);
Rules
Buys
Up Fractal taken out (Broken)
Buy when Price touches 3 SMA Low
Exit when price touches 3 SMA High
Sells
Down Fractal Taken out (Broken)
Sell when Price touches 3 SMA High (Sell Limit at 3 SMA High)
Exit When Price Touches 3 SMA Low (Buy Limit at 3 SMA Low)
Filter
Only take buy trades when prices are above 100 JMA Starlightl and MACD>EMA. Reverse for Shorts
Stop Loss:
TF 5 min:5 pips above or below SMA;
TF 15 min: 10 pips above or below SMA;
TF 30 min: 12 pips above or below SMA;
TF 60 min: 15 pips above or below SMA;
TF 240 min 20-25 pips above or below SMA;
TF 1440 min 30-40 pips above or below SMA.
For Tradind intraday:(Start Trading 9:00 GMT Stop Trading 22:00 GMT)
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