The strategy uses 50 period, 7 period, 5 period and 2 period Simple
Moving Average(SMA) on 5 Minute chart. 50 period and 7 period SMA are
used to determine the direction and 5 period and 2 period SMA are
used
to determine the entry. If the 7 period SMA is above 50 period SMA
and when the 5 period SMA crosses above 2 period SMA from below, a
buy
trade is triggered.
If the 7 period SMA is below 50 period SMA and when the 5 period SMA
crosses below 2 period SMA from above, a sell trade is triggered.
The strategy works only between 0600 to 15 HRS GMT and uses 8 lots of
EURO-USD. Profit limit is 30 pips and stop loss is 10 pips.