For many traders it is psychologically important to stay near the monitor during open trades. This way they have a feeling of controlling the situation. After all, otherwise they will still be thinking in the market and will not be able to do anything else.

Plus they really in this case have an opportunity to quickly react to the change of the situation here and now.

Besides, there are traders who like to make relatively short trades in order to fix their profits relatively quickly, increasing their deposit. they are not comfortable holding positions for a long time, realizing that the profit, if there is any, it is only current, and everything can still change many times.

That is why such traders choose intraday trading. They like office work perform key actions during the day, and by the end of the day they close all transactions and with a sense of accomplishment close the trading terminal, going to do their other business.

And in this article we will consider forex strategies for 15 minute chart. Everything is always individual. But for some people these may be the best strategies for intraday trading.

Hallway

Hallway strategy is an indicator system, which includes 4 moving averages and RSI indicator.

It is better to trade on it during the European and American trading sessions. It is better not to move positions through the night, as well as not to trade at night in principle.

The essence of the system comes down to the fact that you need to catch a directional movement inside the day and ride it.

This strategy is most often traded on currency pairs GBPUSD and EURUSD.

To begin with, two exponential moving averages EMA with periods of 16 and 30 should be plotted on the chart. They are used as indicators of the current trend, determinants of the local trend.

Two other linear-weighted moving averages with periods of 5 and 12 are used to obtain trading signals in the direction of the trend, defined by the two exponential moving averages.

The RSI indicator with a period of 19 and a level of 50 is used as a signal confirming filter.

Buy signal

The signals are very simple. When both weighted moving charts cross both exponential moving charts from bottom to top, this is where we enter the buy. In this case, the exponentials serve as local dynamic support or resistance levels.

The RSI should cross the 50 level from the bottom up. This crossing may have already happened some time ago, but the RSI should be above the 50 level, confirming the uptrend.

Sell signal

Here everything is by analogy. We open a sell trade when the weighted moving slides cross the exponential moving slides from top to bottom. At the same time RSI should also cross from top to bottom its level 50 or be below it, indicating the presence of a downtrend.

Exit and Stop Loss

Stop Loss should be set behind the nearest local maximum or minimum and, accordingly, behind the moving averages.

You can exit the trade when the moving average with period 5 crosses in the opposite direction the nearest exponential moving average, which serves as either support or resistance for the current trend.

MACD + MA

In this strategy trading is conducted only with the help of 2 indicators: exponential moving average with period 55 and MACD indicator with periods 12, 26 and 9.

A buy signal will be considered when the price chart crosses the muving from bottom to top, and the 15-minute candle closes above the moving average. In this case, the MACD indicator histograms should make a transition through the level of zero and turn from negative to positive.

And it is important to use graphical analysis tools as well. If, as in the screenshot above, the conditions for entry appear, but there is a strong resistance level in the way of price, it is better not to enter. It is better to wait. If the price, as in our case, broke through the level and was above it, then you can enter. If it did not break through and the price chart bounced from the level, then we would not enter the deal.

Stop-loss is placed behind the moving average, below it for purchases and above it for sales.

But you can exit the deal either when the price has reached a strong level, or as in the example, when the histograms have fallen below its signal line.

The signal to sell is similar. The price should close below the sliding line, and MACD histograms should become negative from positive.

Conclusion

Strategies for the 1-minute chart are built on the same principles as strategies for, for example, senior timeframes. They use the same market mechanics and logic, to which the price movement on any time scale is subordinated.