The Moving Average (also known as MA) is for sure the most popular technical analysis indicator. In this article, you are going to find a very simple but effective trading system based on Simple Moving Average and hourly bars.
The current set of parameters is optimized for EURUSD but is showing good results on EURCAD as well. You can check the other versions below.
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The trading system is best performing in choppy markets with moderate volatility. The entry rules are based on a Simple Moving Average. The exit rules are based on the Highest high and Lowest low levels of the previous bars. The system has predefined protective Stop Loss and Take profit levels set as well.
Trading System Setup
Trading system identifier: 9.22.132.410
Chart time frame: H1
Trading instruments: EURUSD
Indicators:
- SMA (Simple Moving Average)
Easy Simple Moving Average Trading System Rules
Easy Simple Moving Average Trading System Performance
*The trading system performance is displayed in pips for presentation purposes. No money management is applied.
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