Three slower SMA crossover
This setup uses relatively longer time frame (1 hour, 1 day etc…) compared to the faster ones in #1. The 3 indicator used are 7 SMA, 14 SMA and 21 SMA.
When 7 SMA goes through 14 and continues through 21, BUY when 7 SMA goes upward and SELL when 7 SMA goes downward, once price gets through 21 SMA.
The Exit here is when 7 SMA reverses and crosses 21 SMA again.
The simple system can be easily programmed and traded automatically. In a strong market move, it can product very good result.
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