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.
Write a comment
mounir (Saturday, 25 June 2016 10:20)
good thank you
Guru (Sunday, 21 August 2016 18:01)
Hello u really devil man. This strategy working super in eurusd 4 hr. Thank u man.
silverbee (Friday, 30 September 2016 14:27)
have to check with back test for real result with 1 MTF.
InvisibleMan (Thursday, 11 June 2020 19:31)
This strategy working really well on 4H chart and you need focus on a good signal to open entry also check on H1 chart. also following the trend or your account will blowup :). Always keep in your mind "Trend is your friend", Until it's not.
Thank you.