Day Strategies Course - Forex Daily Charts Trading Strategy

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

Chart Time Frame

1 hour chart

Indicators which spot a new trend

MA Cross-over Strategy

Indicators that confirm the trend

RSI indicator

Stochastic indicator

Buy Signal

1. Both MAs moving upwards

2. RSI above 50

3. Both stochastics moving up

Sell Signal

1. Both Moving Averages moving downwards

2. RSI below 50

3. Both stochastics heading downward

Exit Signal

1. Moving Averages Indicator gives opposite signal

2. RSI indicator gives opposite signal

Forex Money Management

Stop loss - 20 pips

Take Profit - 60 pips

Reward : Risk Ratio 2 :1

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