This is a simple yet very efficient daytrading strategy for most crosses pairs, like EUR/NZD, EUR/AUD , GBP/NZD, GBP/AUD and so on.
It tends to works best with 1h and 15 min time frame charts.
Its components are : Entry time = session that we want to trade, where we can combine for example half of London and all of NY using an hour system. T3 Moving average Price action.
Rules for entry For long , we are during the hours we want to trade, current close is price is above previous high and at the same time is above moving average For short , we are during the hours we want to trade, current close is price is below previous low and at the same time is below moving average
Rules for exit We exit when either the opposite condition is triggered, if the hours of trading are off or based on a percentage TP/SL system movement. For this example we use 1% movement both for TP and SL