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Thread: Moving Average Bounce

  1. #1

    Default Moving Average Bounce

    Idea taken from here [it has a chart to show entry]

    Moving Average Bounce Trading System - Trading Using Moving Averages as Support and Resistance

    Enter trade on bounce off a moving average.

    Enter your trade when the high (or low) of the first price bar that fails to make a new low (or high) is broken. The following list shows the steps required for both long and short entries :

    Long Trade

    1. Price bars make lower lows
    2. Price bar touches the moving average
    3. Subsequent price bar fails to make a new low
    4. Subsequent price bar breaks the high of the previous price bar

    Short Trade

    1. Price bars make higher highs
    2. Price bar touches the moving average
    3. Subsequent price bar fails to make a new high
    4. Subsequent price bar breaks the low of the previous price bar

    rather than bars use candles?

  2. #2
    Administrator funyoo's Avatar
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    Default

    Here is the Moving Average Bounce EA. You can put between 2 and 5 consecutive bars (2-5 Price bars make lower lows or 2-5 Price bars make higher highs).
    Attached Files Attached Files

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Tags for this Thread

average, candles, high, low, moving average, resistance, support, trading system

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