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There are a number of trading strategies that are usually based on very different fundamentals in terms of trading itself, but still manage to get their users to the same goal in the end.
This means that, with a bit of exaggeration, it is possible to gain with any trading strategy, but only if, of course, the strategy is properly understood, balanced, and, moreover, relatively well applied.
Strategy entry rules
Entering long positions
- Momentum with a period of 120 rises above the level of 100
Entry into short positions
- Momentum at period 120 falls below 100
How to trade with the strategy
The basis of today's long-term strategy is, as the name suggests, the momentum trading indicator with a period of 120 and, in addition, together with the indicator level of 100, it forms a whole, according to which later entries into trading positions are made and vice versa. So if everything is set up as it should be, then you only need to wait for the moments when the indicator value exceeds the level of 100, which are considered here as entry trading signals (see the entry rules of the strategy).
This is really a very simple, but highly effective long-term trading strategy, thanks to which on the one hand one does not have to deal with setting Take-Profits or Stop-Losses (when exiting a trading position, one enters the position in the opposite direction at the same time), but one should always make sure that the trading account is always sufficiently funded (in the case when the trader does not have enough capital in the trading account, then trading positions may be forced to be closed).
It is possible to achieve a success rate in the range of 30-60% within the framework of the moment strategy, which is more than sufficient in the long run, given the money-management used in its case.
