Filtered WMA Cross - Forex Trading System

Enter long (buy):
- 22 pips (20+2 pips spread) above the cross of 5 WMA and the 20 WMA

Enter short (sell):
- 20 pips below the 5 WMA and the 20 WMA cross

Stop Loss:
- at the level of cross. That means 20-22 pips away.

Exit Rules
Exit when the 5 WMA crosses the 20 WMA in the opposite direction of your trade. If entered with 3 lots, exit first after 20 pips gain, exit second lot after 50 pips gain and finally exit third lot after 100 pips gain.

WMA - weighted moving average. Apply on EUR/USD 30 minutes chart. Download WMA filtered MetaTrader indicators and chart template.

Chart setup should appear like following:

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Foreign exchange trading carries a high level of risk and may not be suitable for all investors. Do not invest more money than you can afford to lose. You can lose some or all of your initial investment. Any performance claims on this site are not necessarily indicative of future results.