Indices Program

One of the main trading part of a trading plan is your trading program. A stock indices plan is the trading tool which a trader will use to ascertain & plan all aspects of their trading. A stock indices plan will have a written system that a trader follows and the trading journal rules trading rules among others.

Within this trading plan a trading plan will also write down the trading program that a trader will follow while trading the trading markets.

Here is the trading program that you can follow form this trading plan

TIMEFRAMES

• Main timeframe for trading is the H1.
• Trading Signals are generated on H1 time frame.
• Trade Signals generated should be supported by H4 time frame.

4H

• Trend-Lines (Support & Resistance)
• 5 & 7 Simple Moving Averages
• MACD (12, 26, 9)
• RSI (14) +Support and Resistance
• Parabolic SAR

1H

• Trend Lines (Support and Resistance)
• 5 and 7 Simple Moving Averages
• Stochastic (14, 4, 7)
• RSI (14) +Support and Resistance
• Bollinger Band (20, 2)
• Parabolic SAR

RULES

LONG ENTRY

1H

1. Both Moving Averages are heading Upwards
2. Both Stochastics are heading Upwards
3. RSI above 50
4. Parabolic SAR is below the price ( Support )

4H

1. Both MAs are heading Upwards
2. Both Stochastics are heading Upwards
3. RSI >->50

LONG EXIT

1. RSI generates a opposite signal
2. Price breaks Support Trend-Line
3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

1H

1. Both MAs are moving Downwards
2. Both Stochastics are heading Downwards
3. RSI below 50
4. Parabolic SAR is above the price ( Support )

4H

1. Both Moving Averages are moving DOWN
2. Both Stochastics are moving DOWN
3. RSI below 50

SHORT EXIT

1. RSI generates a opposite signal
2. Price action breaks Support Trend Line
3. Parabolic SAR is hit (Trailing Stop)

TRADE ROUTINE

1. Signals are generated using 1 H time frame.
2. Signal to be executed immediately rules are met.
3. Entry indices trading alerts signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - Indices TRADING HOURS

Watch market during daytime when most trading brokers and online trading brokers are open for trade transactions. Use this to create a good Indices program.

The best hours when markets overlap that will form the best trading times are between 8:00 GMT and 18:00 GMT when most of the major indices trading sessions overlap. Market Hours and Best Hours

indices program - best hours