Moderate Swing Trading is a Moving Average based and rsi channel indicator that follow the trend. Generates signals with simple method, easy chart looking, and simplicity of use which are the reasons of this system has attracted attention especially the newbie traders who want to improve their trading quality within the market. Althought this is a swing strategy but it can make a quick profit goal.
Moderate Swing Trading can be applied to trade all kinds of forex currency pairs available at trading platform. It also fits great with 30 minute or higher of timeframe charts window. After the installation of Moderate Swing Trading System at MT4 platform,the main chart should be like:
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| Moderate Swing Trading System |
Indicators:
- 11, 21, and 50 MA: 11, 21, and 50 period Exponential Moving Averages (smoothed) are used to identify the market trend. When bullish trend, 11 MA should above the 21 MA and 21 MA above 50 MA. While opposite scenario will represent the market trend as bearish. If price bar closed and hold above all the EMA lines is another sign of bullish trend. while price closing below all the MAs tell that bearish trend is dominating the market.
- RSI Channel: This indicator works to filter the trend signals with its overbought/oversold conditions of the market.
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| Moderate Swing Trading System Indicators |
Trading rule:
BUY entry:
- 11 EMA line above 21 EMA line.
- 21 EMA line above the 50 EMA line.
- RSI Channel line at the oversold condition (RSI Channel <30).
- Price bar closes and hold above all EMAs.
- Exit Buy order whenever 21 EMA line moves above 11 EMA line.
SELL entry:
- 11 EMA line below 21 EMA line.
- 21 EMA line below the 50 EMA line.
- RSI Channel line at the overbought condition (RSI Channel >70).
- Price bar closes and hold below all EMAs.
- Exit Sell order whenever 21 EMA line moves below 11 EMA line.
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| Moderate Swing Trading System Buy condition |
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| Moderate Swing Trading System Sell condition |
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