Free Forex Systems (MT4), Trend Following Systems

Day Trade 30 Minute Trading System

Day Trade 30 Minute Trading System is a trend following forex trading system which can be a very useful tool for the short term intraday traders. The Day Trade 30 Minute forex trading system comprises of very simple and popular technical indicators yet they are very powerful. They are powerful in a sense that these indicators provide highly accurate trading signals. You should not expect Day Trade 30 Minute forex trading system to work all the time because such system never existed. Any trading system with winning ratio of 60% or more is great. To be deadly honest, a trader can make money even when he/she has win ratio of 50%. Risk to reward ratio is the main thing here. If your target is always higher than your risk, you will ultimately win even if you lose 50 times out of 100.

Day Trade 30 minute Trading System Overview

Time Frame Currency Pairs Number of Indicators Rating
30 minute Major pairs 3 9.5

 Once you are done with installing Day Trade 30 Minute Trading System in your metatrader 4, your chart should look like this:

Day Trade 30 Minute Trading System
Day Trade 30 Minute Trading System

As you can see above Day Trade 30 Minute trading system consists of three types of indicators only. There is more than a dozen of moving averages but they serve the same work. Let me show you the indicators used in this forex trading system.

Day Trade 30 Minute Trading System Indicators Overview

Day Trade 30 Minute Trading System
Day Trade 30 Minute Trading System

 

Main Chart Window 1 Window 2
Moving averages RSI MACD
  •  Moving Averages

There are 16 moving averages use in this forex trading system. The shortest moving average used is a 6-period moving average and the longest moving average used is 21-period moving average. There are remaining moving averages between them. All these moving averages combined together produce a very clear trading signal.

  • RSI

RSI simply helps you to know the strength of the prevailing trend of the market. When you are looking for the long opportunity RSI should be rising and vice versa. We will not be focusing on the overbought and the oversold aspect of the RSI here.

  • MACD

You can see MACD histogram moving in positive and negative territory. The trading signals generated by the moving averages are confirmed by the MACD.

Day Trade 30 Minute: Buy Parameters

Day Trade 30 Minute: Buy parameters
Day Trade 30 Minute: Buy parameters
  • Currency pair should be up trending.
  • Currency pair should be bouncing from the recent support level.
  • Market price should be above all the moving averages.
  • RSI indicator should be in an increasing trend.
  • MACD histogram should be in positive territory.
  • Place your long position as soon as above conditions are met.
  • Place your stop loss below the recent support level.
  • Book your profits when market price closes below all the moving averages.

You Must Read: The Best Forex Trading Strategy Ever

Day Trade 30 Minute: Sell Parameters

Day Trade 30 Minute: Sell parameters
Day Trade 30 Minute: Sell parameters
  • Currency pair should be down trending.
  • Currency pair should be falling from the recent resistance level.
  • Market price should be below all the moving averages.
  • RSI indicator should be in a decreasing trend.
  • MACD histogram should be in negative territory.
  • Place your short position as soon as above conditions are met.
  • Place your stop loss above the recent resistance level.
  • Book your profits when market price closes above all the moving averages.

 

Download Day Trade 30 Minute Trading System
Download Day Trade 30 Minute Trading System
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.