The MA Alert forex trading strategy is a currency trading strategy that takes advantage of the MA_ALERT and the Jurik Moving Average (JMA) custom indicators in offering trading signals.
This strategy can be deployed by intraday traders and scalpers.
Chart Setup
MetaTrader4 Indicators: MA_ALERT.ex4 (default setting), JMA.ex4 (color = chartreuse; width = 2)
Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes
Recommended Trading Sessions: London and US
Currency Pairs: Low spread forex pairs (EUR/USD, GBP/USD, USD/JPY,…)
Download
Download the MA Alert Scalping Forex Trading Strategy
Buy Trade Example
Fig. 1.0
Strategy
Long Entry Rules
Enter a buy in the market if the following indicator or chart pattern gets displayed:
- If the Chartreuse colored Jurik Moving Average (JMA) custom indicator crosses the red colored MA_ALERT custom indicator bottom up, with the red colored MA_ALERT staying below the Chartreuse colored Jurik Moving Average and price holding somewhat above both lines, price is said to be bullish i.e. a buy signal.
Stop Loss for Buy Entry: Place stop loss below short-term support.
Exit Strategy/Take Profit for Buy Entry
Exit or take profit if the following indicator or chart pattern gets displayed:
- During an uptrend, watch out for the Chartreuse colored Jurik Moving Average (JMA) custom indicator to cross the red colored MA_ALERT custom indicator top downward as seen on Fig. 1.0. Once this setup is noticed, it is an early indication that the bullish trend is coming to an end, as such an exit or take profit is advised.
Sell Entry Rules
Enter a sell in the market if the following rules or conditions take center stage:
- If the Chartreuse colored Jurik Moving Average (JMA) custom indicator crosses the red colored MA_ALERT custom indicator top downward, with the red colored MA_ALERT aligning above the Chartreuse colored Jurik Moving Average and price holding somewhat below both lines as seen on Fig. 1.1, price is said to be pushing lower i.e. a sell signal.
Stop Loss for Sell Entry: Place stop loss above short-term resistance.
Exit Strategy/Take Profit for Sell Entry
Exit or take profit if the following rules or conditions hold sway in the market:
- During a downtrend, watch out for the Chartreuse colored Jurik Moving Average (JMA) custom indicator, if it crosses the red colored MA_ALERT custom indicator bottom up as shown on Fig. 1.1. Once this setup is noticed, it is an indication that the bearish trend is coming to a probable halt, as such an exit or take profit is advised.
Sell Trade Example
Fig. 1.1
Free Download
Download the MA Alert Scalping Forex Trading Strategy
About The Trading Indicators
The Jurik Moving Average.ex4 (JMA) was designed by Mark Yuriko in 1998 and is a variant of the moving averages, but portrays one of the finest price filter.
The JMA has minimal lag during strong price fluctuations when put side by side with MA. The JMA offers better smoothing and more sensibility.
Traders are advised not to set big values for the JMALength_Parameter.
The MA_ALERT.ex4 is a moving average type that filters out noise from random price actions and it MAPeriod has a default value of 14.