30 Min New York Open Forex Strategy

Take advantage of the New York trading session with the 30 min NY open forex strategy.

Use this strategy on the GBP/USD and EUR/USD currency pair.

Chart Setup

Indicators: !De_Munyuk
Preferred time frame(s): 30 min
Trading sessions: New York Open
Preferred Currency pairs: EUR/USD, GBP/USD

Download

Download the 30 Min New York Open Forex Strategy for Metatrader 4.

GBP/USD 30 Min NY Strategy Example

new-york-open-forex-strategy

Mark off the first NY 30 min candle high/low price (1.6434/1.6414). Buy the GBP/USD 1 pip above the high of this candlestick. The !De_Munyuk dot must be green color (entry price 1.6435). Close the trade for 20 pips at 1.6455.

Trading Rules

Buy Rules:

  • !De_Munyuk indicator has to be green. Do not buy on red dot! (buying against the down trend)
  • Mark off the high and low price trading range of the first 30 min NY candlestick
  • Buy the pair if the price exceeds the high price by 1 pip

Place stop loss 18 pips below the entry signal. Exit the trade for 20 pips target.

Sell Rules:

  • !De_Munyuk indicator has to be red. Do not sell on green dot! (selling against the up trend)
  • Mark off the high and low price range of the first 30 min NY candlestick
  • Sell the pair if the price exceeds the low price by 1 pip

Place stop loss 18 pips above the entry signal. Exit the trade for 20 pips target.

Share Now!