This 28 100 MA Trading Strategy Forex Robot For MT4 uses 2 moving averages to detect Entry and Exit signals.
In this 28 100 MA Trading Strategy the first moving average is the exponential moving average (EMA) with a period of 100. This EMA defines the direction of the trend. If the price is above the 100 EMA then we define the price action to have an upward trend. If the price is below the 100 EMA then we can infer a downward trend.
The second moving average is the smooth moving average (SMMA) with a period of 28. It must be mentioned that this 28 SMMA is used to trigger the entries and the exits.
Buy Entry Rules
A buy trade is opened when the price is above the 100 EMA and if the first candle of the price chart closes above the 28 SMMA. The Forex Robot will ride the trend until the price closes below the 28 SMMA or the 100 EMA .
Sell Entry Rules
Sell trades are opened when the price closes below the 28 SMMA for the first time and if the price is below the 100 EMA. The Forex Robot will ride the trend until the price closes above the 28 SMMA or the 100 EMA .
You can also activate the Trailing Stop Feature should you decide to use it.
This Forex Robot is recommended to be used on the time frame H1 and H4. You can, however, trade it on any currency pair.
This Forex Robot comes for just $10 and is equipped with the following features
Your Forex Robot will be delivered to you within 24-48 hours of purchase.