Copy the Forex Trading System X files and run MetaTrader 4, open EUR/USD, GBP/USD, USD/CHF or any other major pair that you want to trade. Set chart time frame to 30 mins and apply the template:
Forex Trading System X – EMA, MACD MFT, BBands and RSI based Forex Strategy looks complex when you see plenty of indicators on your chart but in fact it is very simple to follow. You can use 25 pips stop-loss and 25 pips take profit orders. When you are in a profitable trade, you may choose partial closing and let the rest run with a 15 pip trailing stop.
Forex Trading System X rules:
Buy when all indicators turn to blue and price candle is green color.
Sell when all indicators turn to red and price candle is purple color.
Let me show you this chart so that you can understand what I mean:
I told you it was very simple, it really is. There are also other useful things on the charts so use them as well. You can also set your T/P and S/L targets according to support and resistance levels. You can check the market hours, very handy template.
- Bar Trend.ex4
- Clock v1_2.ex4
- EMA Crossover Signal.ex4
- RSI div.ex4