This time we will review the system which is basically very old-fashioned, but can be used in all conditions, who else if not the Long MA System. This system is able to detect long-term trends, also able to detect when it will be oversold or overbought.
Look at the steps below:
1. Set Time Frame H1
2. Prepare the standard MA default metatrader
MA is blue, the period is set to 100
MA is red, set to standard
3. How to do an open position:
BUY, if the candlestick is in the blue MA area, while the red MA is still above the blue MA
Do SELL, if the candlestick is in the blue MA area, while the red MA is still below the blue MA
It is not recommended to open a position if the blue MA is flat, considering the Moving Average is an indicator that follows a candlestick, use SL to anticipate losses.
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