Hot news

Introduction

The moving ordinarily bounce trading system uses a short term timeframe and a single exponential moving average, and trades the price poignant away from, reversing, and then bouncing on holiday of the moving average.

Moving averages smooth the price, so that short term fluctuations are removed, and the all-embracing direction is shown. When the price experiences a strong move, it will have a tendency to retrace back to the moving average, but then proceed the original move, and it is this bounce that is used by the moving average bounce trading system.

The default trade uses a 1 to 5 minute OHLC (Open, High, Low, and Close) bar chart, and a 34 bar exponential affecting average of the typical price (HLC average). Both the chart timeframe, and the exponential moving average exhaustively, can be adjusted to please different markets. The default trading occasionally is when the market is most physical, such as the European open which happens at 8:00 AM Central European Time, or the US unwrapped which happens at 9:30 AM Eastern Time, or at 3:30 PM Central European Time.

The following tutorial steps use the EUR futures market, but exactly the same steps should be used on whichever markets you are trading with this trade. The custom used in the tutorial is a long trade, using 1 contract, with a target of 10 ticks, and a stop loss of 5 ticks.

1. Introduction
2. Open a Chart
3. Add an Exponential Moving Average
4. Wait for Price and Moving Average Divergence
5. Wait for Price and Moving Average Convergence
6. Wait for Price and Moving Average to Touch
7. Enter your Trade
8. Wait for your Trade to Exit
9. Repeat the Trade
10. Trading Reports