100 EMA and 28 SMA trading

This simple system uses 100 EMA and 28 Smoothed Moving Average both on close price. The time frame is 1 hour and 4 hours. It can be used on any currency pair, but EUR/USD would be better.

The 100 EMA is used for detecting trend. If we are in a downward trend as shown in 100 EMA, we enter a buy when a candle closes above the 100 EMA. Stay in the buy until a candle closes below the 28 Smoothed MA. If we are in an upward trend as shown in 100 EMA, we enter a sell when a candle closes below the 100 EMA. The exit is when a candle closes above the 28 Smoothed MA.

For 1 hour charts, stop loss can be made for 50-60 pips while profit target can be 80-120 pips. For 4 hours chart, stop loss can be 100 pips while profit target can be 100-400 pips.

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