BEST 15M TRADE STRATEGY USING MOST CURRENT PROGRAMED INDICATORS
Updated
THIS SHORT TERM TRADING STRATEGY IS USING THE MOST CURRENT PROGRAMED INDICATORS TODAY
IN THE MARKET.
Trade pairs with no news that trading session.
Trade daily trend of either the current 4H or Day chart (MACD/SIGNAL LINES, 5/10EMA LINES SHOW DIRECTION).
US session - trade anytime after CLOSE of 1st 15m bar as NYSE opens - 9:30 am ET.
Asian session - trade anytime after CLOSE of 1st 15m bar as JPY opens - 8 pm ET.
UK session - Trade anytime after CLOSE of 1st 15m bar as GBP opens - 3 am ET.
Add Kijun-Sen indicator - The Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. When the price is above Kijun-sen then short- to medium-term price momentum is up (price below momentum is down). This indicator determines trade directional bias.
Add volume indicator - check volume MA box: shows you the average atr value line (choose whatever color).
Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
We look for the volume bar to have reached the volume ma line to trade 100% position size or at least reach. 75% to the volume ma line to trade 1/2 position size. Do not trade if these rules are not met. (Reset setup).
Add %R indicator - Period 10, levels -20/-80, add -50 level, your own line color preference.
Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market.
We look for oversold condition below -80 level to confirm short entry or over bought condition above the -20 level to confirm long entry. This is contrary to past training but this works best on smaller time frames for the %R indicator.
Add Macd - faster settings of 12 - 17 - 9, Histogram only, make all bars red & green, uncheck macd & signal lines.
We look for histogram bars to be moving towards the zero line or a cross over of the zero line to confirm entry.
Trade Management: trade anytime after trading session candle CLOSED.
1 - Position size (compare volume bar to volume ma line).
a - Candle must have reached the average volume line 100% for a full position size.
b - If 75% of average volume line then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 5 pips above Kijun-Sen+ line.
4 - 1st trade TP will be 12 pips or 1 x ATR of pair.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price or exit if price stalls.
EURAUD 15m Short Trade - 1st 15m candle close of NYSE open.
1 - Price below Kijun-Sen+ base line so bearish bias.
2 - Volume bar at ATR average line so price has momentum - trade 100% position size.
3 - %R oversold below -20 level confirms entry.
4 - Macd with red bar below 0 line confirms entry.
5 - 1st TP hit - 2nd trade SL moved to breakeven.
6 - As price continued to fall 2nd trade SL followed highs of previous candle to current price candle.
7 - Either SL was hit or exited trade because price candles stalled sideways.
IN THE MARKET.
Trade pairs with no news that trading session.
Trade daily trend of either the current 4H or Day chart (MACD/SIGNAL LINES, 5/10EMA LINES SHOW DIRECTION).
US session - trade anytime after CLOSE of 1st 15m bar as NYSE opens - 9:30 am ET.
Asian session - trade anytime after CLOSE of 1st 15m bar as JPY opens - 8 pm ET.
UK session - Trade anytime after CLOSE of 1st 15m bar as GBP opens - 3 am ET.
Add Kijun-Sen indicator - The Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. When the price is above Kijun-sen then short- to medium-term price momentum is up (price below momentum is down). This indicator determines trade directional bias.
Add volume indicator - check volume MA box: shows you the average atr value line (choose whatever color).
Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
We look for the volume bar to have reached the volume ma line to trade 100% position size or at least reach. 75% to the volume ma line to trade 1/2 position size. Do not trade if these rules are not met. (Reset setup).
Add %R indicator - Period 10, levels -20/-80, add -50 level, your own line color preference.
Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market.
We look for oversold condition below -80 level to confirm short entry or over bought condition above the -20 level to confirm long entry. This is contrary to past training but this works best on smaller time frames for the %R indicator.
Add Macd - faster settings of 12 - 17 - 9, Histogram only, make all bars red & green, uncheck macd & signal lines.
We look for histogram bars to be moving towards the zero line or a cross over of the zero line to confirm entry.
Trade Management: trade anytime after trading session candle CLOSED.
1 - Position size (compare volume bar to volume ma line).
a - Candle must have reached the average volume line 100% for a full position size.
b - If 75% of average volume line then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 5 pips above Kijun-Sen+ line.
4 - 1st trade TP will be 12 pips or 1 x ATR of pair.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price or exit if price stalls.
EURAUD 15m Short Trade - 1st 15m candle close of NYSE open.
1 - Price below Kijun-Sen+ base line so bearish bias.
2 - Volume bar at ATR average line so price has momentum - trade 100% position size.
3 - %R oversold below -20 level confirms entry.
4 - Macd with red bar below 0 line confirms entry.
5 - 1st TP hit - 2nd trade SL moved to breakeven.
6 - As price continued to fall 2nd trade SL followed highs of previous candle to current price candle.
7 - Either SL was hit or exited trade because price candles stalled sideways.
Note
WRONG - %R oversold below -20 level confirms entry. CORRECTED - %R oversold below -80 level confirms entry.
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