helps traders to understand the Forex market better than a single time frame analysis. If the price moves above the average, we have an ascending trend. Best Moving Average Strategies for Day Trading.
For example, you can use 15 minutes, 1-hour and 4-hour charts. I will make the technical analysis on the highest time frame. DownTrendColor defines the background panel color for the time frame text when the moving averages determine a down learning forex trading with five tips for success trend. The rest are the parameters for the two moving averages. Ive converted, trade Assistant indicator from MT4 to MT5 today. The right way to close the trade is when the moving averages cross in the opposite direction. We can also trade against the trend, but that requires a little more experience and practice.