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Best forex moving average strategy

20 pips Forex Scalping Strategy With Linear Weighted Moving Average

Another dynamic scalping system composed of two moving averages: the 144 period linear weighted moving average and 5 period smoothed moving average. We make buy and sell decisions based on the crossover of these two moving averages. An excellent fx strategy for beginners. Let’s begin…

Indicators: 144 period linear weighted moving average, 5 period Smoothed moving average

Preferred time frame(s): 5 Min charts

Trading sessions: London and US Session

Preferred Currency pairs: EUR/USD, GBP/USD, USD/JPY (medium volatility)

GBP/USD M5 Trading Example

As you can see in the chart above, it’s really easy to benefit from this strategy. 4 Trading signals: 3 winners for 60 pips and 1 loss for 15 pips (did not reach the 20 pips profit target).

  • The 5 period smoothed moving average crosses up the 144 period linear weighted moving average from below.

Initiate buy trade. Stop-loss: Below the most recent swing low point or 15 pips (whichever comes first).

Price objective: exit for 20 pips.

  • The 5 period smoothed moving average crosses down the 144 period linear weighted moving average from above.

Initiate sell trade. Stop-loss: Above the most recent swing high point or 15 pips (whichever comes first).

Price objective: exit for 20 pips.

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