HMA and SMI Trading System is a simple trend trading system. It's based on the signals of 2 forex indicator : HMA and Stochastic Momentum.
Currency Pairs : Any pair.
Time Frame : 4H or Daily.
Indicators :
- HMA
- Stochastic Momentum
HMA and SMI Trading System Rules
For Buy (Long) :
Open 'Buy or Long' as soon as the line of the indicator climbing HMA (colored in green) and SMI indicator crosses its signal (dotted) line from bottom up. Under these conditions, the indicator SMI should not be in overbought level (be higher 70). If it's presently above 70, then the transaction must be closed, after it falls down below this level.
- A safety Stop-Loss should be placed under a local minimum.
- If the profit of 100 - 150 points -- Stop-Loss at Break Even point.
- The transaction closed if the reverse lights.
For Sell (Short) :
The opposite conditions of Buy (Long) Rules.
Credit : Nico
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