forex day trading strategies

Time frame 15 min or 30 min.
Currency pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, GBP/JPY, EUR/GBP, EUR/JPY.
Metatrader 4 Indicators
Dema RLH2 20 period, close.
Dema RLH2 indicator consists in three moving averages ( High, Medium and Low).
Pivot Daily SR.
4X Xard wave (Zig Zag: SR 3, SRZZ 12, Main RZZ 12, FP 12, SMF 3).

Trading rules Forex Day Trading Strategy
Buy
Wave support formed.
Green line above, yellow line and red line.
Advanced entry : wait that the price retraces on the green line, (optional).
Profit Target on the Pivot points levels.
Initial stop loss 1 pips below wave support.

Sell
Wave resistance formed.
Green line below, yellow line and red line.
Advanced entry : wait that the price retraces on the green line, (optional).
Profit Target on the Pivot points levels.
Initial stop loss 1 pips above wave resistance.

forex day trading strategies
forex day trading strategies