Fratelli Intraday Trading System – Fratelli Forex Strategy

Fratelli Intraday Trading System. I know some traders want a trading system which is simple to understand and visually easy to look at. They don’t want to spend hours in front of their computer, they just want to make some pips and get back to their life. If you are an intraday trader and want to take short term trades then this trading system is just for you.

Fratelli Forex Strategy works on EUR/USD, AUD/USD and EURJPY. We are going to use M15 time frame. First apply the template to the chart and we are good to go. Once you open the template you will see your chart looks like this:

Fratelli Forex Strategy Explain:
The gray zone is the time zone that we are going to trade. Basically it is the time between 07:00 GMT and 16:30 GMT. This acts as a filter to protect us from thin market hours and possible whipsaws.

1. Green candles indicate bullish outlook and red candles indicate bearish outlook.
2. The line (black and white) is moving average.
3. BB MACD is our last indicator to confirm that we are on the right track.

Fratelli Intraday Trading Rules:

Buy when
The candle is green, price bar closes above moving average and BB MACD indicator generates a yellow dot(+green dot)
Sell when
The candle is red, price bar closes below moving average and BB MACD indicator generates a yellow dot(+red dot)

Stop-loss and take profit levels:

EUR/USD:
S/L is 25 pips. T/P is 20 pips. When you see 10 pips profit, move S/L to -10 pips. When you see 15 pips profit, move S/L to BE+1 pip.

AUD/USD:
SL is 20 pips. TP is 20 pips. When you see 15 pips profit, move SL to BE+1 pip.

EUR/JPY:
SL is 20 pips. TP is 20 pips. When you see 15 pips profit, move SL to BE+1 pip.

Please check the chart below for detailed buy and sell signals:

Box 1: First we saw yellow dot (and red dot) on BB MACD indicator. Candle color is red. And finally it closed below MA line, at that point we can open a short (sell) position.

Box 2: Price climbed above MA line. Candle color turned to green. We saw yellow dot (and green dot) on BB MACD indicator, at that point we can open a long (buy) position.

Box 3: We don’t trade at this time because we received the signal outside of the trading zone.

Download Fratelli Intraday Trading System Indicators and Templates: 
Download Include:

fratelli-intraday-trading-system.tpl
Fratelli_BB_MACD_V1
Fratelli_Line_MACD
Fratelli_MAIN_v1.3
MA in Color
Period_Converter_Opt