Kevin Schott
Member
Today I will share my personal Trading Strategy for the DE30 Index CFD on ICMarkets for either Scalping or Day-trading trades.
This Strategy was designed on the 1M chart and the 5M chart, however you may use it with a higher Timeframe.
Indicators:
.) 200 Exponential Moving Average
.) ForexTrend_v2 ( Histogram )
Trend Direction:
.) If the price is below the 200 EMA = Only Sell trades
.) If the price is above the 200 EMA = Only Buy trades
Exact Entry and Exit for each trade:
.)ForexTrend Indicator gives signal ( aka changes color )
Important Notice:
.)Requires volatile pairs like the DE30, UK100 or the US500 ( Indices ) GBPJPY, EURGBP, GBPUSD ( Forex ) XAUUSD(Gold), XAGUSD(Silver), XTIUSD(USOIL) (Comex) May also work with Stocks on a regular TF.
.)Only trade during volatile hours of the day for indices the opening hours for each country or during heavy news should be used. ( 08:00AM of the respective country is considered the index opening )
Every Trading Software that I know of offers the Moving Average. The ForexTrend_v2 indicator is attached here below the thread for everyone to download for free. ( You could use any other similar indicator )
Screenshot is attached to show brief entry and exit example. System is simple and easy to understand as well as to master it.
This Strategy was designed on the 1M chart and the 5M chart, however you may use it with a higher Timeframe.
Indicators:
.) 200 Exponential Moving Average
.) ForexTrend_v2 ( Histogram )
Trend Direction:
.) If the price is below the 200 EMA = Only Sell trades
.) If the price is above the 200 EMA = Only Buy trades
Exact Entry and Exit for each trade:
.)ForexTrend Indicator gives signal ( aka changes color )
Important Notice:
.)Requires volatile pairs like the DE30, UK100 or the US500 ( Indices ) GBPJPY, EURGBP, GBPUSD ( Forex ) XAUUSD(Gold), XAGUSD(Silver), XTIUSD(USOIL) (Comex) May also work with Stocks on a regular TF.
.)Only trade during volatile hours of the day for indices the opening hours for each country or during heavy news should be used. ( 08:00AM of the respective country is considered the index opening )
Every Trading Software that I know of offers the Moving Average. The ForexTrend_v2 indicator is attached here below the thread for everyone to download for free. ( You could use any other similar indicator )
Screenshot is attached to show brief entry and exit example. System is simple and easy to understand as well as to master it.