Forex Day Strategies Course - Forex Daily Charts Trading System

This trading system template is fully explained within the forex trading plan on the Forex Trading Plan Template Example on this learn forex trading website under - forex key concepts section located on the right navigation menu.

Chart Time Frame

1 hour chart

Forex Technical Indicators which spot a new forex trend

Moving Average Crossover Forex Strategy

Forex Indicators that confirm the forex trend

RSI indicator

Stochastic indicator

Buy Forex Signal

1. Both Moving Averages moving upwards

2. RSI above 50

3. Both stochastics moving up

Sell Forex Signal

1. Both Moving Averages moving downwards

2. RSI below 50

3. Both stochastics heading downward

Exit Forex Signal

1. Moving Averages Technical Indicator gives opposite signal

2. RSI indicator gives opposite signal

Forex Risk Management

Stop loss - 20 pips

Take Profit - 60 pips

Reward : Risk Ratio 2 :1

Forex Day Strategies Course - Forex Daily Charts System - Forex Simple Trading Strategy