Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long...
Simple Moving Average strategy for USO - United States Oil Fund . This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.