I opened a 30 day demo account for your Metatrader platform. In this experiment I have made my screen all one colour and I am likely to trade from those 10 and 21 Smoothed Moving Average Close only.
Within my other accounts I use alternative procedures, but I only wish to see the outcome and reliability of MA crosses. So here are the rules to date...
1. The timeframes will be 1 hr, 4 hr or the daily. I am going to school full time so I must take what I can get.
2. Stop losses will be put at the top/bottom of the 10 MA.
3. Take profits nevertheless must be decided, but right now I am thinking of 20 pips or 50 pips. Another possibility is to set the TP in the 55, 100 or 200 but I do not know yet.
4. I use the 200 MA for an indiion of the leadership of the trend, I do not think too much in counter-trend and that I will set my TP according to the direction of the 10/21 and 200. For instance, if the 200 is trending up (price average rising ) and the 10/21 cross down, then I probably will continue to keep the TP little, and vice versa.
5. Too many people become trapped in the mindset in that they have a rigid TP degree. I like to maintain my pips, thank you very much.
6. I can post the trades on here and the results when I take the trade, time allowing.
7. Most trades will probably be on the 1 hr with regard to the 4 hr and daily.
8. I am not interested in anybody's negative remarks. THIS IS AN EXPERIMENT TO SATISFY MY CURIOSITY.
9. My demo account has $5 million, however, lot sizes will be limited to 1 lot per trade. I use leverage simply to increase my margin cushion, NOT TO INCREASE POSITION SIZES. To do otherwise is simply foolish, and a fool and his money are soon parted.
10. I will probably only trade the aud/usd, eur/usd, gbp/usd and the aud/jpy, eur/jpy, and gbp/jpy pairs.
11. I will set this account on myfxbook as soon as I can.
12. I may add rules
13. I really don't know how to post screenshots, so if anybody knows how, please let me know.
A lot of people say MA's do not have predictive power, but I believe they do. You only need to be patient and watch and wait for the installation. Another poster remarked that price goes too far from the 100 and 200 day MA's but I argue that price does finally come back, hence the term average. Markets overshoot all of the time.