27# Classic Trading Strategy with multiframe analysis Trading System
Submit by Forexstrategiesresources
Time Frame: 15min
Determine the main trend (up/down) on 4h chart, then look for small trends (on 15m chart) during the day while avoiding false signals.
Don’t trade on news release days!
We are in the uptrend if:
The 5EMA crosses above the 10EMA.
The RSI is above the 50 line.
The Stochastics is heading up.
We are in the downtrend if:
The 5EMA crosses below the 10EMA.
The RSI is below the 50 line.
The Stochastics is heading down.
If the current main trend is up trend, we go to 15m chart to find long trades.
If the current main trend is down trend, we go to 15m chart to find short trades.
Enter trades on 15m chart:
Enter Long Trades when:
5 EMA crosses above the 10 EMA
Stochastics is heading up (the best is not in overbought zone <80)
RSI is above 50
(MACD is going from negative to positive) OR (MACD is negative and starts to
Enter trades on 15m chart
Enter Short Trades when:
5 EMA crosses below the 10 EMA
Stochastics is heading down (the best is not in oversold zone >20)
RSI is below 50
(MACD is going from positive to negative) OR (MACD is positive and starts to decrease in value).
30 pips or the most recent swing low (for long trade) and the most recent swing high (for short trade)
to the same amount of pips as Stop Loss.
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