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MA9 cross MA21 & ADX is a swing trend following forex strategy.
The forex strategy uses moving average cross-over
go long when the MA9 crosses above the MA21
go short when the MA9 crosses below the MA21
Time Frame:
H1 and H4
Currency pairs:
All major currency pairs
Forex Indicators:
1. Moving average (MA smoothed) with period 9, apply to close.
2. Moving average (MA smoothed) with period 21,shift 2, apply to close.
3. Average Directional Movement Index default setting (ADX 14). A level of 22 is added.
Rules for MA9 cross MA21 & ADX
Buy
1. Wait for the MA9 to cross above the MA21 and the ADX is over 22 level.
2. Take an entry when the price comes back down to touch the MA9.
3. Set the initial stop loss 15 pips below the MA21 and
after 30 pips in gain move stop loss at the entry price for Time frame H1
after 45 pips in gain move stop loss at the entry price for Time frame H4
4. Profit target with ratio 1:2 stop loss or exit position when MA cross in opposite direction.
Sell
1. Wait for the MA9 to cross below the MA21 and the ADX is over 22 level.
2. Take an entry when the price comes back up to touch the MA9.
3. Set the initial stop loss 15 pips above the MA21 and
after 30 pips in gain move stop loss at the entry price for Time frame H1
after 30 pips in gain move stop loss at the entry price for Time frame H4
4. Profit target with ratio 1:2 stop loss or exit position when MA cross in opposite direction.
Can A Beginner Make Money In Forex Trading?
If you have a look around the many Forex websites, forums, seminars and magazines, it seems like everyone’s making millions of dollars trading Forex! The thing is, Forex traders love to talk about their winning trades and make themselves out to be wildly profitable traders, but the reality is that only 5% of Forex traders are consistently making money. Yes, even a beginner can make money in Forex trading, but there’s a big difference between making money in Forex and making a full time income, achieving financial freedom, and building wealth through Forex.
The forex market provides a stream of opportunities that individual traders can learn to profit from on a consistent basis if they implement a forex strategy that works. There really is a big difference between trading strategies that actually allow you to maintain a clear trading mindset while still providing you with a high probability edge in the market, and those that do not. Those forex strategies that provide you with the tools you need to profit consistently in the forex market will typically be centered on core market data instead of secondary indicators or trading software programs.
When trying to find a forex trading strategy that is based on core market data and not on secondary indicators you can run into great difficulty if you do not know what to look for, largely because there is a mass amount of misinformation and scams in the realm of forex trading information. As a result, many beginning traders make the mistake of committing themselves to a trading strategy that is both ineffective and overly complicated at the same time, setting themselves up for failure at the very beginning of their trading career. This is why it is critical that you learn about the best forex strategies as soon as you can by seeking out those strategies that possess the following the characteristics:
• Avoid those forex trading methods that are essentially nothing more than a forex system of rigid trading rules.
• Look for forex trading methods that consist of a more flexible forex trading strategy that will allow you to adapt your method to all time frames and all market conditions; most rigid trading “systems” simply do not meet this requirement.
• The best forex strategies are typically those that are based on time tested chart reading skills; things like trading support and resistance levels, trend trading strategies, simple breakout strategies, Fibonacci retrenchments, and simple candlestick pattern analysis are examples of such strategies.
• A forex strategy that is worth pursuing need not be extremely expensive or so complicated that you get a head ache while learning it. It should be simple to implement, effective, and make logical sense to you immediately.
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