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    30 Min Simple System

    Uploaded by

    RayzwanRayzman
    This document summarizes a simple 30-minute intraday trading system. The system uses 30-minute candlestick charts of GBP/USD and EUR/USD currency pairs along with technical indicators like the 5 and 10 period exponential moving averages (EMA), moving average convergence divergence (MACD), and relative strength index (RSI). Entry rules are provided for going long or short based on crosses of the EMAs and signals from the MACD and RSI. Exit rules include taking profits at 25 pips or reversing positions when the EMAs cross back over each other. Money management suggests a 30 pip stop loss and 5% maximum risk per trade. The system has been backtested but not yet traded live.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    30 Min Simple System

    Uploaded by

    RayzwanRayzman
    293 views2 pages
    This document summarizes a simple 30-minute intraday trading system. The system uses 30-minute candlestick charts of GBP/USD and EUR/USD currency pairs along with technical indicators like the 5 and 10 period exponential moving averages (EMA), moving average convergence divergence (MACD), and relative strength index (RSI). Entry rules are provided for going long or short based on crosses of the EMAs and signals from the MACD and RSI. Exit rules include taking profits at 25 pips or reversing positions when the EMAs cross back over each other. Money management suggests a 30 pip stop loss and 5% maximum risk per trade. The system has been backtested but not yet traded live.

    Original Description:

    Simple scalping system

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    This document summarizes a simple 30-minute intraday trading system. The system uses 30-minute candlestick charts of GBP/USD and EUR/USD currency pairs along with technical indicators like the 5 and 10 period exponential moving averages (EMA), moving average convergence divergence (MACD), and relative strength index (RSI). Entry rules are provided for going long or short based on crosses of the EMAs and signals from the MACD and RSI. Exit rules include taking profits at 25 pips or reversing positions when the EMAs cross back over each other. Money management suggests a 30 pip stop loss and 5% maximum risk per trade. The system has been backtested but not yet traded live.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    293 views2 pages

    30 Min Simple System

    Uploaded by

    RayzwanRayzman
    This document summarizes a simple 30-minute intraday trading system. The system uses 30-minute candlestick charts of GBP/USD and EUR/USD currency pairs along with technical indicators like the 5 and 10 period exponential moving averages (EMA), moving average convergence divergence (MACD), and relative strength index (RSI). Entry rules are provided for going long or short based on crosses of the EMAs and signals from the MACD and RSI. Exit rules include taking profits at 25 pips or reversing positions when the EMAs cross back over each other. Money management suggests a 30 pip stop loss and 5% maximum risk per trade. The system has been backtested but not yet traded live.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    30 Min Simple 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!
    Set Up:
    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

    Example:

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