154# Day Trade 30 min Time Frame

Day Trade

Submit by MJ 26/12/2014


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 the pictures Day Trade 30 min time frame in action.

Day Trade 30 min time frame
Day Trade 30 min time frame
Day Trade 30 min time frame
Day Trade 30 min time frame
Day Trade 30 min time frame: Stop loss Setup
Day Trade 30 min time frame: Stop loss Setup

Day Trade 30 min Time Frame.rar
compressed file archive 1.1 KB

Write a comment

Comments: 2
  • #1

    mounir (Saturday, 25 June 2016 10:20)

    good thank you

  • #2

    Guru (Sunday, 21 August 2016 18:01)

    Hello u really devil man. This strategy working super in eurusd 4 hr. Thank u man.