3 MA Cross With Alert is a combination of three moving averages. The crossovers of these moving averages generate buy and sell signal. The moving average indicators are considered to be the best till the date for determining the trend of the market. Although the moving averages are lagging indicator they work best in the trending market environment. Combinations of multiple moving averages are one of the best trend following strategies ever. However, moving averages crossovers strategies are almost useless in a sideways market. This problem can be overcome by trading only in a trending market environment.
When you install 3 MA Cross with Alert in your trading platform, your chart should look like this:
- 3 MA Cross with Alert
This indicator is a combination of three moving averages. There are three lengths of moving averages. The blue moving average is the fastest one, the green moving average is the mid term moving average and the red moving average is the longest moving average used in this strategy.
Be careful enough to trade only in the trending market.
Buying Conditions Using 3 MA Cross with Alert.
- Market should be up trending.
- Market should be bouncing from recent swing low.
- Blue moving average should be above all the other moving averages.
- A blue arrow should appear below the market.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a red arrow appears above the market.
Selling Conditions Using 3 MA Cross with Alert
- Market should be down trending.
- Market should be falling from recent swing high.
- Blue moving average should be below all the other moving averages.
- A blue red should appear above the market.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a blue arrow appears below the market.
Download Free Forex 3 MA Cross With Alert Indicator
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