The simple crossover has both good and bad characteristics. The good is that it's simple, and almost anyone can understand the concept. This is from Friday Oct 30 on EURUSD, and is a great trade.
The bad is that it lags price and can get "choppy" in non-trending markets. Many of these crosses would have been losses.
Next time we will look at several ways to limit the losses.
posted at: 14:53 | path: | permanent link to this entry