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50 SMA Strategy

Discussion in 'Trading Strategies & Systems' started by boom1, Nov 8, 2009.

  1. boom1

    boom1 New Member

    Nov 7, 2009
    Likes Received:
    50 SMA Strategy
    Saw this forex strategy a while back and want to know what people think...

    Necessary indicator :

    50 SMA
    Fractal (i use support&resistance indicator which is a fractal based indicator)

    Rules :

    You wait for the price to break the 50 SMA then you wait for a fractal to develop.

    All you have to do now is to put a pending order on the fractal level in the direction of the break.

    I'm trying to work up a good exit.

    Any ideas thoughts?

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