200SMA

[ajagbeolegba]

ACCOUNT DETAILS:
Account number: 5256291
Investor password: abiodun
Account type: CopyFx MT4 Pro-Cent
Account currency: USD
Leverage: 1 : 1000
Starting capital: $100
Type of CopyFX account: Trader
Name of CopyFX Trader: ajagbeolegba
Informer:


STRATEGY PARAMETERS:
System: Breakout
Difficulty: Easy
Timeframe (TF): 15M, 1H, 4H, 1D and 1W
Trading pairs: All
Risk management: 1:3 or more
Mode: Manual

STRATEGY DESCRIPTION: 200SMA is a simple moving average breakout strategy, it has a single line that acts as both support and resistance levels depending on the position of the market price. If the market price is above the 200SMA, then the 200SMA will act as a support level. The 200SMA will act as a resistance level when the market price is below it.

Buy entry:
I will buy if the market price breaks the 200SMA (Blue line) up, just like it has shown on the market chart below.

wti buy.jpg

Sell entry:
I will sell if the market price breaks the 200SMA (Blue line) down, just like it has shown on the market chart below.

wti sell.jpg

Comment moderator

1. ContestFX
2. Strategy confirmed

[ajagbeolegba]

I have made a total number of three trades on my account. I have traded EURJPY, GBPAUD and EURAUD. The EURJPY and GBPAUD trade had been concluded as shown on the image below.

trades.jpg

While the trade of EURAUD is still active, and it has recovered by losses for me despite the fact that i had not closed the trade yet. See its status below as well.

euraud.jpg

[ajagbeolegba]

trade.jpg

In pursuant to my last update, i have finally closed my EURAUD trade, i closed it in profits of 6198.88 US dollar cents. I think that this first week of trading is good enough, i started the trading on Wednesday due to the lateness of crediting the trading capital. I hope that next week trading will be a good for me as well.

[ajagbeolegba]

contest.jpg

On the weekly chart above, the 200SMA is supporting the price of CHFJPY steadily, the market tried to break this point more than three times on daily chart last week, but it was not successful. I have regard this point as a very good point to repel the market from falling further. I have taken a BUY trade on this pair, and i will make it a long term trading.