Price Plus 5
Description:
The strategy uses a Simple Moving Average as a trend indicator. It looks for consistent rising trend based on the difference between the Moving Average and the price plus a predefined value.
Trading conditions:
Buy when the Simple Moving Average of 12 rises above the price level plus 5 pips.
Stops and Money Management:
Use a stop loss of 50 pips and a trailing stop of 10 pips.