I wish to use Simple Moving Average as part of my system just as how I use it when I'm trading US Equities. I would normally set mine at 50day - 100day - 200day, which I was taught to be the standard values. Anything other than these values are deviations that are widely accepted as per trading style of the individual.
However, with FX, I believe it can be different. Can anyone share an insight as to what is the standard SMA to use for the FX market in the daily charts and hourlies?
When using SMA, note that there is a big difference between open and close price setting. Do you know how to set the open and close price setting in SMA? It is important to select a trading tool but it is more important to understand how the tool works instead of using it because everyone else is using it.
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