Learn a great 15-minute trading strategy for 30-40 pips per day with two indicators: UT BOT and HTC. Follow rules for buy/sell signals and stop loss. See successful trades in forex and crude oil.
SK TRADING IDEA: A Great Strategy for 15 Minute Time Frame
Are you looking for a profitable trading strategy for the 15-minute time frame? Look no further than SK TRADING IDEA. In this article, we will discuss a great trading strategy that can help you easily make 30-40 pips in a day.
The Necessary Indicators
To begin, you will need two indicators that work very well on the 15 minute time frame. These indicators are the UT BOT and HTC indicator. In the settings for UT BOT, change the length to 60 and the fast length to 25. Change the style to black in both plots. Once these changes have been made, you are ready to begin trading with this strategy.
The Rule
The rule for this strategy is simple – you need two confirmations. The first confirmation comes from UT BOT; if the green line is below the black line and it is being made, then it is a buy signal. The second confirmation comes from the STC (HTC indicator). Look for the bottom of STC and if it is below the market, it is a good sign for buying. Conversely, look for the upper side of STC as an indication for selling.
Stop Loss and Profit Targets
For stop-loss, use the previous low and for profit targets, use the upper side of STC. Additionally, in order to continue trading, wait until the red line of UT BOT appears.
Testing the Strategy
This strategy has been tested on both Forex and Crude Oil with great success. In Crude Oil, the strategy yielded over 500 pips. To test out the strategy, try it out in the commodity markets and let the results speak for themselves.
Conclusion
With this trading strategy from SK TRADING IDEA, you can easily make 30-40 pips in a day on the 15-minute time frame. Just remember to use the UT BOT and HTC indicators, look for two confirmations, and set appropriate stop-loss and profit targets. Happy trading!