Day trading with Momentum
MACD and Stochastic Forex Trading
Day Momentum Strategy is a trend momentum strategy based on MACD, Stochastic oscillator, and Heiken Ashi’s smoothed trend arrow forex indicator filter. This strategy is for forex scalping or day trading.
This trading strategy is also suitable for trading with binary options high/low.
The expiry time is five candles.
Time frame 1 mi or 5 min.
Currency pairs: Major with low spreads.
Trading Sessions: London and New York.
AFS arrow 11 periods,
MACD color (100, 150, 90),
Stochastic oscillator (15, 6, 9),
Trading Rules Day Momentum Forex Strategy
Price above 144 MA.
AFS buy arrow.
MACD green color.
The stochastic oscillator crosses upward.
Initial stop loss(SL) on the previous swing low.
Profit Target options: at the pivot points levels, at the opposite arrow, or with predetermined pt (5 – 8 pips).
Price below 144 MA.
AFS sell arrow.
MACD red color.
The stochastic oscillator crosses downward.
Initial stop loss(SL) on the previous swing high.
Profit Target options: at the pivot points levels, at the opposite arrow, or with predetermine pt (5 – 8 pips).
In the pictures, the Day Momentum Forex Strategy is in action.
Required Indicators Download Link Below the Images
Free Download Required Indicators Below