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Day Trading Forex Systems (9)

The Big Ben Strategy
4.80/5 (374 votes)

Learn to trade the Big Ben Strategy

Big Ben Strategy is a day trading strategy that takes advantages of the 24-hour trading possibility. It is meant to be used with GBP/USD mainly. According to that you should capture the first directional intraday move after the market opens in 6am GMT. The first big move will usually happen within couple of hours.

The Force 5min
4.34/5 (375 votes)

Learn to trade the Force 5min system

This force 5 min system can produce good profits if traded correctly. By good profits, it means we can make pips everyday even if it is only a few pips. This strategy works well on the EURUSD pair during the Asian session and the London Session.

Early Bird Breakout System
3.77/5 (336 votes)

Learn to trade the Early Bird Breakout System

The system is called "early bird" because it requires a trader being ready to trade forex as early as 10:00 am GMT. It is an advanced morning strategy tightened to the timing factor.

63 EMA breakout
3.17/5 (383 votes)

Learn to trade the breakout using 63 EMA

As we know the market's reaction is a little bit unpredictable in this era and there is a lot of events and scenarios whereby the daily trend can be changed within few minutes. A vigorous research was done on this 63 EMA breakout strategy, and it was found out that there are 95% of wins and 5% of loss trades. After doing back testing, it was found out that there are only 5 loss within 7 months from Nov 2008 to May 2009. This strategy works only for GBP/USD pair because of its great volatility.

London Forex Rush
3.08/5 (394 votes)

Trade the trend when the London Market Opens

The London Forex Rush system is based on a powerful trading system that comes from the world of the stock markets. Intra-day stock traders have been exploiting the Open Range Breakout strategy for ages. And they continue to do so. That’s because this strategy is easy to understand, simple to execute, and above all, profitable.

Shi Channel trading
4.13/5 (382 votes)

Learn how to trade using the SHI Channel indicator with other Indicators

The SHI Channel indicator uses the highest high and lowest low of the price to determine the upper and lower bands of the channel. The channel is calculated according to the given period of calculation and the time frame of the used chart, and the channel is self-adjusted (Like the Bollinger Bands). The channel gives the overall direction of the price movement - up or down - and may change from time to time, especially if it used with a low timeframe of one minute and five minute. We can’t trade with the SHI Channel indicator alone, it will not tell you when to enter the trade neither when to exit, The SHI Channel indicator telling you the overall direction of the price trend and the channels with the middle line warn you how much the trend is strong or weak, however, we have to use another indicators to generate the entry/exit signals

4 Candles Strategy
3.57/5 (381 votes)

Trading System based on the Breakout of the First Four Candles

This is a simple mechanical trade system to trade breakout from the high and low of the First Four Candles. Very easy to use and requires no indicators.

Breakout Box
4.43/5 (367 votes)

Breakout Box and EMA Trading System to find the breakout after Price consolidation

Breakout trading tends to occur after periods of extended price consolidation. The breakout box can be used to find areas of price consolidation and to take advantage of these markets when prices break through support or resistance. We call these areas of price consolidation breakout boxes. Traders can take advantage of breakouts to jump early into newly forming trends with the potential to make extended runs once prices breakout, or to find areas of price consolidation within an established trend. This system makes use of the breakout box indicator and an 85 EMA to find a good signal

CCI Divergence Trading
3.80/5 (374 votes)

Trading system based on divergence trading method

Divergence is a useful tool for finding price reversal points from support and resistance zones. It usually gives us a relatively early signals compared to those given by moving average indicators. It can be successfully applied to many technical indicators and end up with good results.

This system makes use of two indicators. The first one is the Divergence indicator that will plot the divergence lines and the second one is the Bollinger Band. The Divergence indicator gives buy/sell signal according to the type of divergence that was detected. The indicator also is capable of drawing divergence lines for the whole history prices located within a specific chart.