Easy 15min Trading System (2024)


15 min forex trading system with stochastic momentum index

Submit by Nico 10/02/2012

This system is based on Metatrader charting. The tools needed are the following:

  1. 15min EURJPY chart

  2. Heiken Ashi

  3. SMI [STOCHASTIC MOMENTUM INDEX by William Blau] First indicator window (Settings: 14,10,14,5) (Levels:+40,-40,0

  4. Stochastic Oscillator [This one in the second indicator window] (Settings: 10,1,7)Price field: close (MA method: simple (Colours: Main: Magenta and in signal type in none.)Levels: 20,50,80

  5. MA cross_over signal [arrow] (Settings 5,6)

  6. VQ [Volatility Quality] indicator by Raff (Setting:timeframe 0 ) (length 5,method 3,smoothing 3,filter 3 )This indicator must be dragged from your navigator window down to your firstindicator window where your SMI is situated.

  7. Insert a 60 and 200 EMA on price chart.

From 7am GMT you can start looking for the following:Buy or long,the SMI must either be curling up from -40 or the Zero lines, the MA signal[arrow] must show on your chart and Heiken Ashi candle must be white.

VQ will show an arrow in the indicator window. Stochastic Oscillator must have moved up from the 20%line. Take profit when the SMI hits the +40 line or the candle hits the 60MA. Could be 30 to 50 pips.


For short or a sell, the SMI must be moving down from +40 line, stochastic must also be onits way down from 80% line and arrow of VQ and arrow of MA must have appeared.

Heiken Ashi must have turned red.Take profit when SMI hits the -40 line or a candle hits the 60MA. Another 30 to 50 pips.

Practice this first on a demo and check the TREND on the 1hr and 4 hr charts. Also check where the daily pivot levels are.

The daily pivots are support and resistance levels than can cause a reversal of trend. Take profit at these levels. You can always re-enter if it breaks through and opens a new candle above or below the pivot levels.

I trade this method personally on the EURJPY pair 15min chart,and bag 100 pips average a day.

Please be aware of the risks of forex trading.

I suggest this system for daytraders that already have some basic knowledge of forex trading.


In the pictures Easy 15min forex system in action.

easy 15 min forex system: Tempale and Indicators

easy 15 min system Templete

Trading System

easy 15 min system.rar

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Share your opinion, can help everyone to understand the forex strategy.

Comments: 4

  • #4

    Ba (Wednesday, 24 September 2014 00:02)

    pls share the indicators her again
    thx

  • #3

    Yinka (Monday, 04 August 2014 10:42)

    pls i can't find the system and indicators to download, I can only see the template. pls help upload the arrow indicators?

  • #2

    Forextradingstrategiesresources (Sunday, 20 October 2013 19:02)

    The moving average 200 shows the major trend.
    Initial stop loss on the previous swing after 18-22 pips in gain move stop loss at the entry price.
    This is a fundamental rule for the management of the position.
    Thanks
    admin

  • #1

    sergio bentes (Saturday, 19 October 2013 23:34)

    Hellol, Im calling from Brasil, and I have a questios.
    1) why MA 200? Is there any utility for it?
    2) why in a picture above, there are two more MAs?
    3) where you set your stop?
    I think this strategy is very simple and very efficient too. I think is a very profitable strategy and I will use it. But if you answer this questions, will be very fine. Thanks, thanks.
    wavesergiobentes@gmail.com

Stochastic Momentum Index Indicator

Stochastic Momentum Index Indicator

Stochastic Momentum Forex Trading System

StochasticMomentum.rar

compressed file archive 2.9 KB

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StochasticMomentum

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Volatility Quality.rar

compressed file archive 2.0 KB

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Easy 15min Trading System (2024)

FAQs

What is the best 15 minute trading strategy? ›

Here is how. Let the index/stock trade for the first fifteen minutes and then use the high and low of this “fifteen minute range” as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an up gap.

What is the simplest trading system? ›

Moving averages are one of the most basic yet effective trading strategies. They calculate the average price of a security over a specified period of time and smooth out price fluctuations, making it easier to spot trends.

Is 15 minutes good for trading? ›

Trading on a 10- or 15-minute chart requires less constant focus because bars/candles are occurring over a longer period. If you wait for candles to close (don't have to) there is at least a 10 or 15-minute period between possible actions. Traders on this time frame may only be taking one or two trades a day.

How do you trade the opening 15 minutes? ›

Opening Range Scalp Trading Rules
  1. Wait for the first 15-minute range to form.
  2. Place buy order two ticks above the high of the range.
  3. Exit with a 1-point loss or 1-point profit (or if the trade is still open after 1 minute)

What is the easiest trading platform for beginners? ›

NerdWallet's Best Online Stock Brokers for Beginners of April 2024
  • Fidelity.
  • Robinhood.
  • E*TRADE.
  • Vanguard.
  • Webull.
  • Ally Invest.
  • Firstrade.
  • Public.
5 days ago

What is the most profitable method of trading? ›

Three most profitable Forex trading strategies
  1. Scalping strategy “Bali” This strategy is quite popular, at least, you can find its description on many trading websites. ...
  2. Candlestick strategy “Fight the tiger” ...
  3. “Profit Parabolic” trading strategy based on a Moving Average.
Jan 19, 2024

Is there a trading system that can win 100% of the trades? ›

There is no such thing as a trading plan that wins 100% of the time. After all, losses are a part of the game. But losses can be psychologically traumatizing, so a trader who has two or three losing trades in a row might decide to skip the next trade.

What is the 5 minute rule in trading? ›

The 5-Minute strategy is created to aid sellers and buyers engage in back tracking and spend some time in the location with the appearance of prices proceed in a latest route. The system depends upon exponential moving averages and the MACD forex trading indicators.

What is the 15-minute strategy? ›

A 15-minute trading strategy provides a structured approach to identifying and executing profitable trades within a short time frame. By focusing on short-term price movements, traders can minimize their risk exposure while potentially maximizing their profits.

What is the 15 minute orb strategy? ›

The 15 minute ORB Strategy is determined by using the High and Low from the first 15 minutes of the regular session (930am - 945am ET), but there are others who have successfully traded with a 5 minute ORB or even a 30 minute ORB strategy.

How many minutes is best for trading? ›

Choosing the intraday trading chart time frame

Several traders claim that the 5-minute and 15-minute time frames are the most preferred chart time frames for intraday trading. Many software also provides system-based 1-minute and 30-minute charts. However, they are either too slow or too volatile.

How to day trade starting with $100? ›

How to Start Day Trading
  1. Step 1: Find a Brokerage. If you want to trade successfully with only $100, your broker needs to meet some requirements from your side. ...
  2. Step 2: Choose Securities. ...
  3. Step 3: Determine Strategy. ...
  4. Step 4: Start Trading.
Feb 14, 2024

Which trading strategy has the highest success rate? ›

Indicator-Based Directional Trading

This strategy uses an indicator to determine the direction of the trade. The indicator provides a clear signal when it's time to enter or exit a trade, making it easy to work with. Traders who use this strategy can expect to see consistent results and high success rates.

Which trading strategy is most successful? ›

Best trading strategies
  • Trend trading.
  • Range trading.
  • Breakout trading.
  • Reversal trading.
  • Gap trading.
  • Pairs trading.
  • Arbitrage.
  • Momentum trading.

What is the most profitable trading strategy of all time? ›

Three most profitable Forex trading strategies
  1. Scalping strategy “Bali” This strategy is quite popular, at least, you can find its description on many trading websites. ...
  2. Candlestick strategy “Fight the tiger” ...
  3. “Profit Parabolic” trading strategy based on a Moving Average.
Jan 19, 2024

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