15 Min Forex Day Trading Strategy

This day trading strategy works great on the 15 min charts.

The strategy is composed of 3 trend indicators: 1 long-term indicator (200EMA) for overall trend direction and 2 short-term indicators (buzzer, octopus_2) for laser-sharp entries in the overall trend direction.

Please feel free to experiment with other time frames as well.

Chart Setup

Indicators: 200 Exponential moving average, buzzer, octopus_2
Preferred time frame(s): 15 minutes chart
Trading sessions: London and New York
Best currency pairs: any

Download

Download The 15 Min Forex Day Trading Strategy.

Example: EUR/USD 15 Minute Chart

15-min-day-trading-forex-strategy

As shown in the EUR/USD chart above, this short-term fx strategy provided us with 2 profitable sell signals in the downtrend (price below the 200EMA). Both trades were closed at risk-to-reward 1:2.

Trading Rules

Buy:

  • Price above the 200 EMA (bullish trend direction)
  • Octopus_2 histogram paints green colored bar(s)
  • Buzzer indicator changes color from red to green

==> Open buy position at the open of the next bar.

Stop-Loss: Place a protective stop-loss 1-2 pips below the most recent swing low point.

Price Objective: Exit the buy trade at risk-to-reward 1:2 (i.e. risking 25 pips to make 50). Alternatively, exit the long trade when the Octopus_2 indicator changes color from green to red.

Sell:

  • Price below the 200 EMA (bearish trend direction)
  • Octopus_2 histogram paints red colored bar(s)
  • Buzzer indicator changes color from green to red

==> Open sell position at the open of the next bar.

Stop-Loss: Place a protective stop-loss 1-2 pips above the most recent swing high point.

Price Objective: Exit the buy trade at risk-to-reward 1:2 (i.e. risking 40 pips to make 80).

Alternatively, exit the short trade when the Octopus_2 indicator changes color from red to green.

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