Actually what we call butterfly in this trading system is moving average indicator. Why we cal it butterfly? let's discuss together. This trading system is using 10 simple moving average indicator, 20 exponential moving average indicator and 30 period exponential moving average indicator.
Butterfly trading system
1. Wait 10 simple moving average indicator above 20 exponential moving average indicator and 20 exponential moving average indicator is above 30 exponential moving average, then we can find buy trading position.
2. Wait 10 simple moving average indicator below 20 exponential moving average indicator and 20 exponential moving average is below 30 exponential moving average, then we can find sell trading position.
3. Wait candlestick bar close above the moving average before you open a buy trading position. And wait candlestick bar close below the moving average before you open sell trading position.
Popular Posts
- Elliott Wave Analysis H4 GBPUSD 5 May 2014
- Free Download Indicator Forex
- Fast Moving Average Trading System
- Forex Business
- Three Color Forex Custom Indicator
- Mt4 Entry Indicator
- Cara Trading dengan DMI Forex indikator
- Best Website To Learn Forex Trading
- Linear Regression Channel Trading
- Best Reversal Indicator Mt4
Pageviews last month
New Posts
ads space FOR RENT $25/month
contact Skype herman.lean


0 comments:
Post a Comment
IF YOU WANT TO KNOW ANYTHING about Forex trading system, Forex indicator, Expert Advisor, etc. and you want me to write about it - YOU CAN ASK ME using comment box.