In my experience using this strategy i dont need antoher indicators sir..just 2 moving average only and this is make me comfort also chart to be clean.just buy if ema 5 crossing up SMA 200 with stoplose 50 pips and takeprofit 100 pips and sell if EMA 5 crossing down SMA 200 with the same stoplose and take profit aswell in 4 pairs..EURUSD,GBPUSD,EURJPY,GBPJPY at H1 timeframe.and use good money management
A very simple and disciplined trading approach, and that's actually a major advantage. Using only two moving averages, the 5-day EMA and the 200-day SMA, keeps the chart clean and easy to read, preventing traders from being distracted by too many indicators.
