This system is suit for 30 min or higher of timeframe and suitable for major currency pairs. After the installation is completed the main chart of MT4 trading platform should be like this:
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| Day Trade 30 Minute Trading System |
Indicators:
- Moving Averages: This forex trading system uses 16 exponential moving average indicators. The shortest moving average used is a 6-period exponential moving average with blue color and the longest moving average used is 21-period exponential moving average with red color. There are remaining exponential moving averages between them from 7 to 20 period with green color. All work together to produce a accurate trading signal.
- RSI (10 period): This RSI allows you to know the strength of the current trend of the market. When the market moving upwards RSI should be rising and otherwise.Oversold at level 30, overbougth at level 70.
- MACD (3,26,1): MACD histogram moving in positive and negative value. The trading signals generated by the exponential moving averages at the main chart and they are confirmed by this indicator.
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| Day Trade 30 Minute Indicators |
Trading rule:
BUY entry:
- Candle price should be closed above all the EMA.
- RSI indicator moving up in between 70 and 30 level.
- MACD histogram should be in positive area.
SELL entry:
- Candle price should be closed below all the EMA.
- RSI indicator moving down in between 70 and 30 level.
- MACD histogram should be in negative area.
Exit : Initial stop loss at last swing candle or when the candle price fullback and closed inside green EMA area.
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| Day Trade 30 Minute Trading System Buy condition |
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| Day Trade 30 Minute Trading System Sell condition |
Read Also:
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