3 SMA Pip Machine is a simple Forex trading system based on three moving averages and a trend filter. You can download 3 SMA Pip Machine for free and test it out on a Demo account now. In its essence, this Forex system is based on the same 2MA simple Forex trading strategy.
How to trade with 3 SMA Pip Machine
The Forex trading system can be used for different trading styles including scalping and day trading. Therefore, the time frame, currency pair, and trading session depend only on your preferences. Although London and US trading sessions should be used for scalping.
When choosing which currency pair to use with 3 SMA Pip Machine system, you should avoid:
- Instruments in consolidation; trend filter found at the bottom left corner should help.
- Flat or mixed moving average slopes displayed on the chart.
Conditions to enter the market:
When entering the market in the trend direction, defined by a larger time frame, you should take a crossover of red and green SMAs with blue SMA as a signal to long or sell accordingly. To simplify this, Blue bars formed between the SMAs signal to buy, while red bars signal to sell. Whenever the bars increase in size, this signals that the trend remains strong and you should hold your position.
Conditions to close a position: However, when the bars begin to shorten, this indicates that the trend is weekending and you should look to book your profit. Exit points could be at nearby support/resistance levels, other major points, or the red SMA. Stop-loss should be used at nearby support/resistance levels or recent highs.
Download 3 SMA Pip Machine
You can download 3 SMA Pip Machine for free by clicking the “Download” button located at the bottom of the screen.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator.” Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to
1. Click on “Download” button below to download 3 SMA Pip Machine;
2. Save the file to your computer;
3. Extract and move the files into;
4. Restart your Metatrader platform;
5. Click “Templates” button in Metatrader toolbar;
6. Select “3 SMA Pip Machine” and apply to your chart;
Note: 3 SMA Pip Machine was sent by an AtoZ Markets follower from Russia Artur. AtoZ Markets does not carry any copyrights over this trading tool.