Forex Day Trading System

Forex day trading system

Time Frame 15min, 30min H1.

Currency pairs:Any.

Indicators:

(EMA) exponential moving average (14),

(EMA) exponential moving average (42),

RSI (21)

William’s %R ( 7) 

If MAE 14 > MAE 42 then the Big Trend is
Up. That means, you

must wait a Long
signal.

If MAE 14 < MAE 42 then the Big Trend is
Down. That means,

you must wait a Short signal.

I use RSI because it’s a forex indicator that follow the Big Trend

with more accuracy. It doesn’t give many false signals when

prices do a little pullback. It’s an advantage . I use RSI only
to find little pullbacks, but sometimes

it can help me to go out of my day trades.

I use it like a pre-signal, we’ll see that later. 

 

 

William’s %R is the King of forex indicators. I use it to

find the turn point of pullback.William’s %R shows me when the end of a
pullback is near. When 0 C William’s %R < 15 , that means our little pullback is near dead

 

Download

Forex day trading system

Get E-Book Worth $100 for Free!!!

Forex day trading system.pdf

Adobe Acrobat Document
161.2 KB

Download

 
 

RSI showed us the market was Up even if prices did some little

pullbacks. And William’s %R showed us the end of the little

down trend

Long Pre-signal when RSI > 50 before MAE 14 cross up MAE 42.

Short Pre-signal when RSI < 50 before MAE 14 cross down MAE 42.

For a long signal, it’s better if the down candlestick close under

MAE 14.

For a short signal, it’s better if the up candlestick close above

MAE 14.

 

Stop loss with Parabolic Sar:stop loss under the SAR dot for a long signal or above it for a short signal.We
put this stop when prices cross:

the “High” for a Long trade the “Low” when we have a short trade.

For more read pdf.

Share your opinion, can help everyone to understand the forex
strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window