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Forex Almo's 15min simple Strategy

Discussion in 'Forex Forum' started by Almo2312, Aug 28, 2015.

  1. Almo2312

    Almo2312 Guest

    Hello friends here on FF ,

    my name is Almo and I trade for several years with some strategies that I developed , I want share with you one simple system that I also use with one of

    my screens a very good strategy and its for the 15 min time frame.(my broker gmt is +2)

    Attachment 1741522

    Rules:

    we draw 2 lines on the main chart
    1.yesterday high 2.yesterday low
    we trade from UK session till one hour before UK close
    if we have red news event 30min before and 15min after we ignore the signal

    long position
    1.price cross and close above the yesterday high,we do buy stop order 13 pips above the signal candle high we set the sl 10 pips below the signal candle
    low and tp will be usually 20/30 pips

    short position Attachment 1741532
    1.price crossed and close below yesterday low,we do sell stop order 13 pips below the signal candle low and we set the sl 10 pips above the signal candle high
    tp will be 20/30 pips.

    now there is some more things to know ,
    on the main chart I also added 4 small indicators that's help me to see very clearly support and res area's b4 we take trade we must think if we are
    nearing S/R zone maybe better to wait also till it will break!
    2.also added the Donchian Channel also help with the intermediate S/R BO issue and define if we in floating market
    this two things we must consider b4 we take trade!
    at the sub window chart (below the main) we have 3 indicators on one window RSI set to 9,Stochastic set to 18.1.1 and BB
    1.for short RSI need to be below the 30 level Sto must be below the 20 both of them must pointing down
    2.BB must show open mouth among them that tell us we have activity as well Attachment 1741547

    that's all friends , please consider the S/R and respect them , follow the rules and trade time rules and success !
    Almo.
    Attachment 1741562

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    [​IMG] Almo's Strategy.rar 57 KB

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