Day Trade 30 Minutes Time Frame

strategy forex follow trend

Day Trade 30 Minutes Time Frame

Day trade 30 minutes time frame is a trend momentum system, it’s based on exponential moving averages.
Time frame 30 minutes 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 .

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