A simple setup to hop on a trend early and go for a ride. I like the look of this moving average crossover strategy using a 14 WMA
and a 28 WMA
on the 4hr chart with heiken ashi. The last 3 candles are all below both moving averages, I use that as part of the signal to screen out crossovers that are occurring when the the price is oscillating in a range, and the candle of the previous period has a single wick pointing in the direction of the trade. The stop is when the price crosses over the 28 WMA
. This should keep losses limiting while at the same time allowing for the trade to remain in play for and extended price movement in the profitable direction. In at 22,864.