Hi Folks
This is my own oil trading system.This system is a free system from OILFXPRO.
MACBOS = Moving average cross break out system
profitable 8/30 wma cross on oil
Stop loss 50 cents stop & reverse if stop hit
30 m charts
Rule entry when 8wma crosses 30 wma + breakout of 50 pips
Example .Moving average 8 crosses moving average30 at $90.00 ,enter at +50 for longs = $90.50 and $89.50 for shorts
close on cross and change in colour of wma's
After close of previous position +50 cents /-50 cents …reverse the position
WMA's must both be positive for longs and negative for shorts
close when they cross and both turn positive or negative
oilfxpro