Day Trade Forex Trend Following Strategy
This is a system that is based on EMAs or exponential moving average. It works on 30 minute or higher timeframe. This system is applicable for AU, UJ, EU, GU, EJ, NU, UC and GJ.
Forex  Indicators:
- Exponential Moving Average 6 period, close.
- Exponential Moving Averages from 7 at 20 period.
- Exponential Moving Average 21 period, close.
- MACD (3, 26, 1).
- RSI (10 period) oversold 30 level, overbought 70 level.
Trading Rules Day Trade 30 min Time Frame
Buy Entry:
- 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).
Sell Entry:
- 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:
- Take profit at 1 to 3 or 1 to 2 ratio. Initial stop loss last turning point.
- You can also close the position when candle close inside EMA area.
Recommended MT4 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
Click here below to download: