Day Trade 30 Minute Time Frame

Day Trade 30 minute Time Frame is a forex trading system. It is a day trading system and you should expect to close your trade within a day when you are trading with this forex trading system. Day Trade 30 minute Time Frame is a very simple forex trading system. It consists of three technical indicators. However, there are many moving averages of similar periods which create a wave like structure in the main chart window. This intraday trading system is highly profitable. You should have money management strategies so that you can cut your losses small and let the profit run. It is a trend following system and can be used for swing trading. The timeframe to be used is a 30 minute chart. Currency pairs can be any. The trading signals are generated by the moving averages that are in the main chart window and the signal is confirmed by the two indicators that are in the indicator window.

When the Day Trade 30 Minute Time Frame system is installed in your metatrader, your chart should look like this:

• Moving average

There are 16 moving averages in the main chart window. Blue moving average is the shortest one while the red is the longest one. When these moving averages cross each other, trading signal is generated. The red and blue moving averages should also be crossed by price to generate the trading signal.

• RSI

RSI is a very popular technical indicator. In this system, you should be buying only when the RSI is trending higher and vice versa. However, you should not buy when the RSI is above the level of 70 and should not sell when the RSI is below the 30.

• MACD

MACD stands for moving average convergence divergence. MACD fluctuates in positive and negative territory. You should be buying only when the MACD histogram is in positive territory and vice versa.

Buying Conditions Using Day Trade 30 Minute Time Frame.

• Price should cross above the both Moving averages.
• The blue moving average should cross above the red moving average.
• The RSI should be trending higher.
• The MACD histogram should be in positive territory.
• Place your long position as soon as above conditions are met.
• Place your stop loss just below the recent swing low.
• Take your profit when the blue moving average crosses below the red moving average.

Selling Conditions Using Day Trade 30 Minute Time Frame.

• Price should cross below the both Moving averages.
• The blue moving average should cross below the red moving average.
• The RSI should be trending lower.
• The MACD histogram should be in negative territory.
• Place your short position as soon as above conditions are met.
• Place your stop loss just above the recent swing high.
• Take your profit when the blue moving average crosses above the red moving average.

Open demo account to test this system.

Download Free Forex Day Trade 30 Minute Time Frame System