Forex Day Trade Trend Following Strategy
Forex Day Trade Trend Following Strategy;
Day trade 30min time frame is a trend momentum system, it’s based on exponential moving averages.
Time frame 30 min or higher.
Currency pairs:AUD/USD, USD/JPY, EUR/USD, GBP/USD, EUR/JPY, NZD/USD, USD/CAD, GBP/JPY.
Indicators:
Exponential Moving Average 6 period, close, color blue,
Exponential Moving Averages from 7 at 20 period, close green,
Exponential Moving Average 21 period, close, color red,
MACD (3, 26, 1).
RSI (10 period) oversold 30 level, overbougth 70 level.
Trading Rules Day Trade 30 min Time Frame
Buy
MACD above 0 line.
RSI must be below 70 line or above 30 line.
Candle must be close above EMA area.
Red or blue EMA must be clear in the chart. ( not covered by other ema).
Buy
MACD below 0 line.
RSI must be below 70 line or above 30 line.
Candle must be close below EMA area.
Red or blue EMA must be clear in the chart. ( not covered by other ema).
Exit position
You can give take profit at 1 to 3 or 1 to 2 ratio. Initial stop loss last turning point , Or you can close trade when candle close inside the ema area.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Day Trade Trend Following Strategy?
- Download Forex Day Trade Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Day Trade Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
Download Free Forex Day Trade Trend Following Strategy
