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Thread: Simple 30 Min System

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    Default Simple 30 Min System

    This is an extremely simple system which I have found useful experimenting with intra-day trading. I cooked this up on short notice just playing around with numbers and it seems to work well. I do not trade this live as of yet, but I am planning on refining it to higher standards and beginning day trading.
    I am open to any suggestions you may have!

    Trading Setup :
    30 Minute Candle Charts (GBP / USD , EUR/USD)
    EMA 5 Applied to Close (red)
    EMA 10 Applied to Open (aqua)
    MACD Setting 8, 20, 9
    RSI 14

    Entry Rules:

    Long:
    1. MACD Crosses negative to positive, RSI above 50
    2. MACD is positive, 5 EMA re-crosses 10 EMA in positive direction
    Short:
    1. MACD Crosses positive to negative, RSI below 50
    2. MACD is negative, 5 EMA re-crosses 10 EMA in negative direction

    Exit Rules:
    1. For Entries 1 , exit when the EMAs re-cross each other in opposite direction
    2. For Entries 2, there is a profit taking level of 25 pips.

    Money Management:
    1. For Entries 1, S/L = 30 pips. Manually Trailing stop of 30 pips is recommended. This will create more break-even trades but you will lose less money, and is the safer way to trade. For entries "2" Profit taking is 25 pips.
    2. Risk no more than 5% of account each trade.
    Has been tested on GBP / USD and EUR / USD



    Regards,
    Desta_wp

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    Default

    this method is simple and good with high profit
    tanks

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    Default

    Quote Originally Posted by mohsenforex View Post
    this method is simple and good with high profit
    tanks
    yes sir mohsenforex, simple and profitable in short and longterm tradesm_win

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    Default

    Nevr blindly depend only on technical signals.Minf the fundamentals as well.

    Anyway I see ur system is good. actually keeping the chart simple is very good. No need lotz of indicators.it makes the chart messy.I need some test with ur system. i mostly depned on EMAs. But I apply 1 Hour chart. 15 ema open and 5 ema open. Good result. apply in ur chart and see the past signals.We will get better idea.

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    Default

    Quote Originally Posted by jinnah View Post
    Nevr blindly depend only on technical signals.Minf the fundamentals as well.

    Anyway I see ur system is good. actually keeping the chart simple is very good. No need lotz of indicators.it makes the chart messy.I need some test with ur system. i mostly depned on EMAs. But I apply 1 Hour chart. 15 ema open and 5 ema open. Good result. apply in ur chart and see the past signals.We will get better idea.
    actually, there are 3 kind of trader :
    fundamental trader
    technical trader
    and news trader

    each trader using very different method, it's not a problem which one we choose, the most important thing for us is which most profitable, just each trader can decide itsm_smile

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    Default

    Quote Originally Posted by desta_wp View Post
    actually, there are 3 kind of trader :
    fundamental trader
    technical trader
    and news trader

    each trader using very different method, it's not a problem which one we choose, the most important thing for us is which most profitable, just each trader can decide itsm_smile
    the most important is sticking to our trading plan, every now & then don't change your trading plans

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    Market Maker bitter's Avatar
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    Default

    Quote Originally Posted by shettythilak View Post
    the most important is sticking to our trading plan, every now & then don't change your trading plans
    if the trading plan cannot go on , try to make it on rather than off
    "Masih banyak yang perlu diketahui , dipelajari , difahami dan diamalkan."

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    Default

    Quote Originally Posted by shettythilak View Post
    the most important is sticking to our trading plan, every now & then don't change your trading plans
    right, just try to find the most comfortable system and just FOCUS

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    Default

    Quote Originally Posted by desta_wp View Post
    right, just try to find the most comfortable system and just FOCUS
    profitttt will come more than loss after that

    sm_win sm_win
    "Masih banyak yang perlu diketahui , dipelajari , difahami dan diamalkan."

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    Quote Originally Posted by bitter View Post
    profitttt will come more than loss after that

    sm_win sm_win
    yes, like that

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    Default

    Quote Originally Posted by desta_wp View Post
    yes, like that
    yess

    what kind of trader using this method?

    (om gune trade ini yah? )
    "Masih banyak yang perlu diketahui , dipelajari , difahami dan diamalkan."

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    Default

    Quote Originally Posted by bitter View Post
    yess

    what kind of trader using this method?

    (om gune trade ini yah? )
    a few month ago i was using this strategy, but now, i'd like to use kuasa forexsm_happy

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    Quote Originally Posted by desta_wp View Post
    a few month ago i was using this strategy, but now, i'd like to use kuasa forexsm_happy
    kuasa forex sm_cool

    im gonna stay with kuasa forex system then
    "Masih banyak yang perlu diketahui , dipelajari , difahami dan diamalkan."

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    Quote Originally Posted by bitter View Post
    kuasa forex sm_cool

    im gonna stay with kuasa forex system then
    sm_happy keep learning and keep learning, learning..learning..learning

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    Default

    i am trading breakout sttrategy sticking to it on daily basis

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