Firstly, I am going to get this wrong so probably best to wait for more ideas before you implement anything with big exposures.
I personally think that an absolute SL is not my preferred strategy. A SL should be placed at a position where you believe if the market hits below/above it, it is either:
1. A consideration to make a trade in the opposite direction
2. The market did not move as you expected and may be going through a whipsaw or consolidation pattern (which is ok if it is a big range which allows you to range trade; that comment should be left for another day).
Aside from that EMAs are a nice simple strategy but you may want to use an oscillator to help you with weakness/strength of trends.
I don't want to bore you further so I will leave it at that for now.
All the best in your future trades!
AUD
unknown
trading systems for audusd, page-2
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