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Monday, October 29, 2007

5/48 wma hourly charts strategy

Charts :hourly

Moving averages:wma 5 and 48

Entry :wma 5 crosses wma 48 , long or short entry

Exit :wma 5 crosses wma 48.At exit there are 2 lots trades ,one to exit previous trade and another to open an entry .

Lots 1

Rentry: after a spike ....reenter if stop hit by a spike and trend in place

Stop loss:100 pips (This may be changed after further testing)

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