Yep, but I am struggling to make this system work for me.
Does it matter how far away from the 60SMA the price is on the 4h and 1h charts?
Although it worked the first couple of times, it hasn't worked since.
Today I took a position on USD/CAD, double checked it with the 10SMA crossing the 20SMA and saw 20 pips profit, before it fell back and stopped me out.
I'll keep tinkering with the Limit and Stop levels, maybe i'm being to greedy and should just take the 15-20 pips when I have them. What do you guys reckon?