Strategy for : Positional Traders

Time Frame: Hourly

Indicator used : 50 day simple moving average (SMA)

Buy : when instrument is trading above 50-sma

Entry : when three candles close above 50 sma hourly where

first candle has crossed 50 sma line from below and
closed above, buy above high of third candle and hold
the long position for 1-2 days

Sell : when instrument is trading below 50-sma

Entry : when three candles close below 50 sma hourly where

first candle has crossed 50 sma line from above and
closed below, sell below low of third candle and hold
the short position for 1-2 days

Target : 1.5%-2% from entry level

Stop Loss : 0.5%-1% from entry level