Forex Day Trade Setup – A Very Simple and Profitable Highly Trading Strategy

Day trade setup is very simple and profitable trading strategy. If you use this trading strategy with proper understanding you don’t need to use any other strategy.

 
I use this setup in day chart. You can use it 30 minute to weekly chart. But I recommend use this setup in trending market like eur/jpy, usd/jpy, aud/usd etc.

 

 

If you want to open buy then follow these rules

1. MACD should be above the 00 line.
2. RSI must be below 70 line or above 30 line.
3. Candle must be close above EMA area.
4. Red or blue EMA must be clear in the chart. ( not covered by other EMA)

 

 

If you want to open sell then follow these rules.

1. MACD should be below 00 line
2. RSI must be above 30 or below 70 line
3. Candle must close below the EMA area
4. Red or Blue EMA must be clear in the chart.( not covered by other EMA)

 

 

1. Stop loss should be last turning point.
2. Stop loss should be below 201 pips in day chart.

 

 

 

 

1. You can give Take profit at  1 to 3 or 1 to 2 ratio ( by that I mean if you sl  is 150 pips you can set 300pips tp this is 1 to 2 ratio ).
2. Or you can close trade when candle close inside the EMA area .

 

 

 

• When EMA is not clear don’t open trade

 

• When a large candle come don’t open trade. (in day chart  large candle mines above 300 pips candle )

 

 

Forex Day Trade Setup Is A Very Simple and Profitable Highly Trading Strategy. But generally speaking, you shouldn’t risk more than 5% of your trading account at any time for any reason. If you are using manual money management ( lot size ) then please make your calculations carefully and use the correct lot size for your account.
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