30 Min Forex Trend Following Strategy

A trend following strategy for beginners with only 2 indicators. It works best on the longer time frames starting from the 30 minute charts and above.

Chart Setup

Indicators: MACD_OsMA (12,26,9), Robby DSS Forex (8,8)
Preferred time frame(s): 30 min and above
Trading sessions: Any
Preferred Currency pairs: All

Download

Download the 30 Min Forex Trend Following Strategy for Metatrader 4.

EUR/USD 30 Min Chart

osma-forex-strategy

In the picture above, we had 3 entry signals: 2 sells and 1 buy (still open) for a total profit of 80 pips. Click the chart to enlarge.

Trading Rules

Buy Rules:

  • Wait for the MACD_Osma to cross back up ( gray line above the red line)
  • Robby DSS Forex blue dot

Open buy trade. Place your stop-loss below the previous swing low.
Price objective method 1: take profit at 40 pips (30 min chart)
Price objective method 2: take profit at round numbers (i.e. 1.3020, 1.3030,…) for at least risk-to reward 1:1

Sell Rules:

  • Wait for the MACD_Osma to cross back down ( gray line below the red line)
  • Robby DSS Forex red dot

Sell the pair! Place stop above the previous swing low.
Price objective method 1: take profit at 40 pips (30 min chart)
Price objective method 2: take profit at round numbers (i.e. 1.3020, 1.3030,…) for at least risk-to reward 1:1

Important: Please use larger targets on the longer time frames, for example, at least 80 pips on the 4H time frame.

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