301# Easy 15min Trading System

15 min forex trading system with stochastic momentum index

Submit by Nico 10/02/2012


This system is based on Metatrader charting. The tools needed are the following:

  1. 15min EURJPY chart

  2. Heiken Ashi

  3. SMI [STOCHASTIC MOMENTUM INDEX by William Blau] First indicator window (Settings: 14,10,14,5) (Levels:+40,-40,0

  4. Stochastic Oscillator [This one in the second indicator window] (Settings: 10,1,7)Price field: close (MA method: simple (Colours: Main: Magenta and in signal type in none.)Levels: 20,50,80

  5. MA cross_over signal [arrow] (Settings 5,6)

  6. VQ [Volatility Quality] indicator by Raff (Setting:timeframe 0 ) (length 5,method 3,smoothing 3,filter 3 ) This indicator must be dragged from your navigator window down to your firstindicator window where your SMI is situated.

  7. Insert a 60 and 200 EMA on price chart.

From 7am GMT you can start looking for the following:

Buy or long,the SMI must either be curling up from -40 or the Zero lines, the MA signal[arrow] must show on your chart and Heiken Ashi candle must be white. 

VQ will show an arrow in the indicator window. Stochastic Oscillator must have moved up from the 20%line. Take profit when the SMI hits the +40 line or the candle hits the 60MA. Could be 30 to 50 pips.

For short or a sell, the SMI must be moving down from +40 line, stochastic must also be on its way down from 80% line and arrow of VQ and arrow of MA must have appeared.

Heiken Ashi must have turned red. Take profit when SMI hits the -40 line or a candle hits the 60MA. Another 30 to 50 pips.

Practice this first on a demo and check the TREND on the 1hr and 4 hr charts. Also check where the daily pivot levels are.

The daily pivots are support and resistance levels than can cause a reversal of trend. Take profit at these levels. You can always re-enter if it breaks through and opens a new candle above or below the pivot levels. 

I trade this method personally on the EURJPY pair 15min chart,and bag 100 pips average a day. 

Please be aware of the risks of forex trading.

I suggest this system for daytraders that already have some basic knowledge of forex trading.

In the pictures Easy 15min forex system in action.

easy 15 min forex system: Tempale and Indicators

easy 15 min system Templete
Trading System
easy 15 min system.rar
compressed file archive 1.2 KB

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Comments: 4
  • #1

    sergio bentes (Saturday, 19 October 2013 23:34)

    Hellol, Im calling from Brasil, and I have a questios.
    1) why MA 200? Is there any utility for it?
    2) why in a picture above, there are two more MAs?
    3) where you set your stop?
    I think this strategy is very simple and very efficient too. I think is a very profitable strategy and I will use it. But if you answer this questions, will be very fine. Thanks, thanks.

  • #2

    Forextradingstrategiesresources (Sunday, 20 October 2013 19:02)

    The moving average 200 shows the major trend.
    Initial stop loss on the previous swing after 18-22 pips in gain move stop loss at the entry price.
    This is a fundamental rule for the management of the position.

  • #3

    Yinka (Monday, 04 August 2014 10:42)

    pls i can't find the system and indicators to download, I can only see the template. pls help upload the arrow indicators?

  • #4

    Ba (Wednesday, 24 September 2014 00:02)

    pls share the indicators her again

Stochastic Momentum Index Indicator

Stochastic Momentum Index Indicator
Stochastic Momentum Forex Trading System
compressed file archive 2.9 KB
Forex Trading System
Volatility Quality.rar
compressed file archive 2.0 KB

15 min Forex Strategies