Originally Posted by european

When somebody starts in Forex one of the main questions is 'to trade or not to trade'.

The following set up is a simple way to answer this question.

Chart set-up for GU (can be adjusted for other pairs).
1. Blue 5 LWMA(MA_Period=5, MA_Shift=0, MA_Method=LineaWeighted)
2. Red 12 LWMA(MA_Period=12, MA_Shift=0, MA_Method=LineaWeighted)
3. Channel: 50 LWMA(MA_Period=50, MA_Shift=0, MA_Method=LineaWeighted) with levels +/-7 . HOW DO YOU SET THIS UP

On top goes FX sniper MA in color to show the trend. WHAT ARE THE SETINGS FOR FX SNIPPER MA?


Rule: Only enter trade when blue 5 LWMA & red 12 LWMA are out of the channel, in the direction of 50 MA.