15 Min rapidfire forex strategy

We will be scalping in 15 min chart of EURUSD (preferably). However, there are not limits on strategy environment. Only thing, we should consider is the volatility and spread. Strategy works for extremely wide variety of setting, it can be modified to work with extreme aggression, or it can be adopted as relatively safe and secure day trading system in daily chart. Incredible versatility can be easily tested by expert advisor provided.

  Get MT4 Expert Advisor trading this Forex strategy ↴ 

Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy. 

System was tested for thousands of variations both in 1H chart and 15 Min chart (results in screen shots).

 

Used tools and indicators

 

This particular settings were used in 1H test.

 

Exponential moving averages (EMA 500,250 and 200, 100) Main trend identification tool. Slower tandem identifies the main trend. Faster tandem helps to avoid trend reversals and also confirm trend in lower time frames, which is important for entry timing.

 

Relative strength index (RSI 21) Momentum signal confirmed with candle momentum. We can adjust sell below zone 50 /buy above zone 50 to modify indicators sensitivity to market momentum (avoid trading range).

 

Signal candle (candle with defined size 50 – 200 pips) Closing in the direction of trend (confirmed both by EMA and RSI).

Advanced trailing stop (Extra deviation is applied 80 pips). Placed at the signal candle high/low.

 

Max open trades : 10

 

Forex strategy

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

SELL

In both EMA tandems EMA fast is trending below EMA slow. This confirms both main and current trend. All positions must be aligned with trend.

 

RSI falling below SELL below line. This is coupled with closing of strong bearish candle (defined body size).

We enter the trade on candle close, placing Trailing stop at the high of signal candle + extra deviation above. TS is adjusted with each candle close only in downward direction.

 

Take profit: not used

 

BUY

In both EMA tandems EMA fast is trending above EMA slow. This confirms both main and current trend. All positions must be aligned with trend.

 

RSI rising above BUY above zone line. This is coupled with closing of strong bullish candle (defined body size).

We enter the trade on candle close, placing Trailing stop at the low of signal candle - extra deviation below. TS is adjusted with each candle close only in upward direction.

 

Take profit: not used

Get MT4 expert advisor trading this forex strategy

For best results, use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

Please reload

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com