Its a KISS system keep it stupid simple We have 2 ma of 5 lenght each, one applied to the high and the other to low. With this we create a channel. If the candle close above or below the channel we got a signal.
Then we can optionally verify with the RSI to increase our chances. At the same TradingView EN. Indicators and Strategies All Scripts. All Scripts. Indicators Only.
5 Simple Forex One Minute Strategies Traders Can Use
While not looking for perfect entry point, averaging ensures that we get better overall price for our entry. MACD histogram is used to define current trend and make sure that momentum is growing. Bollinger bands tunnel is also employed to gauge immediate price momentum.
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If Initial entry fails, it will be averaged max 5 trades. Aggression is increase on consecutive averaging trades 0,01 lot x 1,3,5,7,9. As a result the price correction necessary for successfully closing the trades in profit gets more narrow.
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This trading robot developed by our team can be used for testing, optimization and trading of this forex strategy and many more on any currency pair and any timeframe. Used tools and indicators.
Questions?
Using the Virtuosity A expert advisor it can be optimized for any pair and any timeframe. Momentum must be confirmed by histogram bar growing in the direction of this trend.
Bollinger Bands filter period 20, deviation 1 : Price must close above BB tunnel for long entry. Below BB tunnel for short entry. Immediate momentum signal. Positions: We open up to five positions.
START TRADING IN 10 MINUTES
Averaging logic is used on each consecutive trade if trade exists. Distance between trades is set to points 10 pips. We increase the leverage on consecutive trades in this day trading forex strategy: 0,01 lot x 1,3,5,7,9 in EA set the increase factor to 2. Target profit: Target profit is 0,5 USD for each 0,01 of lot size used.
5 min MTF Day Trading Strategy
It is further multiplied by the number of currently opened trades 1 - 5. It comes in different flavors. Both of them are well-known forex analysts and have published several trading books. Although this trade had the support of a bullish MACD divergence, it failed terribly. Take note that the trading rules for this momo trade are very specific. It applies only to 5-minute time-frame on forex. This is especially true for the rule of entering 10 pips away from the EMA. If you intend to adapt this strategy for other time-frames or instruments which is possible , you must also adjust the pip figure according to how volatile is your trading time-frame.