Simplified Forex-Ology – 5 non-standard steps to a winning forex strategy

First of all, I want to emphasize that in my trading system is not the Holy Grail, and anyone can successfully use it, if you follow the rules of the trading system. I have been trading for years, and this is one of my trading strategies in the Forex market, which has helped me to make a profit consistently.

I have always kept my trading system simple, so it is a simple system that works on this ever changing brutal currency market. Struck by this? Do you think that a successful trading system must be complex and difficult to use? The success in the Forex market depends on how effectively the trader uses a trading system, and not on how well the trading system.

So now I'll open a forex strategy that I often use to consistently profit from the market. After reading, you might think that it really is such a simple system. But, as I said, the trade should be simple, do not bother him. Below are the stages of my forex trading strategies:

Step 1: Look at the main trend using daily schedule. First look from left to right on the chart to tell you that this is a trend up or down.

Step 2: Once I find out that the main trend of the forex, I will move on Forex Factory website to check for news releases. If there will be news in 2 hours, I do not even go to step 3 to search for trading signals as the probability of occurrence punched.

Step 3. If the news, I will be taking action on your trading plan forex. For example, if the main trend has increased, I will look only buy signals received from my forex indicators, and vice versa, if the main trend is down.

Step 4: Now, this is the most important stage, and my trading decision is here. I use the intersection of 4 EMA (Exponential Moving Average) and 23 EMA, to identify buy and sell signals on the 30-minute chart. There are other indicators: weekly and stohastychnyya and MACD (Moving Average Convergence Divergence) should also follow the trend, and can not look flat. I filter the Batoh trading only during the sessions, with high liquidity and checking with the & # 39 is the same trend, using the 4-hour chart. That's all!

Step 5: Trafficking is mounted on a rigid suspended loss of about 35 points, while I've got 2 ways to focus on profit. It enjoys a healthy balance of risk and reward, at least 1: 2. The second – the daily support and resistance.

It's my successful forex trading system. It's simple, is not it? Of course, risk management, money management and psychology should be combined in the trading system to make it work normally.