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Most profitable forex trading strategy

The Most Profitable Forex Trading Strategies,1. Choose the Right Broker for Trading Forex

WebThe most profitable forex strategy is the use of a range trading strategy. This strategy involves identifying ranges in the market, setting stop losses and exits at the more WebThe Most Profitable Forex Trading Strategies Beginner, intermediate or advanced, you do Swing trading, Scalping or Day trading, you must define your own method to become a WebWhen it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades. Think WebThere are multiple forex brokers all over the world who offer these services in order to provide you a perfect trading experience. We're excited to announce our new joinForex Web6/2/ · trendanalysis indicator trend tigerfx marketsolverpro profitable profitablestrategy strategy btc btcusd eth Setting up and checking the performance report of one of the ... read more

If the line is above the price, it is a sell signal. The indicator is also based on Moving Average, but it has a different calculation formula.

Its layout is more accurate the price noise is reduced. It allows you to identify the breaks in the trend a little earlier than the ordinary MA. Trend Envelopes has an interesting property. It is a kind of trading signal. The indicator is displayed in a separate window under the chart.

This is an oscillator that identities trend pivot points. It does it quicker than standard oscillators. It has two lines: the signal line is dotted, the additional line is solid. But the receiving line has two types of colours orange and green.

Note that the indicators in the Bali trading strategy are selected so that they provide an early signal buy and sell. This gives a trader more time to confirm the market moves and check the fundamental factors. MA is a standard MT4 tool, the rest two indicators can be obtained for free in the archive via this link.

Past the indicators into the folder and restart the platform. The price breaks through the orange line of Trend Envelopes upside. At the same candlestick, the down orange line changed into the rising blue line. The candlestick is above LWMA. When the previous condition is met, expect the candlestick above the MA to appear. The candlestick must close above the red line of LWMA. There must be the blue line of Trend Envelopes at the signal candlestick.

The additional line of the DSS of momentum at the signal candlestick should be green. This line must be above the signal dotted line that is, it is breaking it through or has already broken. Enter a trade when the signal candlestick closes. I recommend setting a stop loss at a distance of points in four-digit quote. A take profit is points. The arrow points to the signal candlestick where Trend Envelopes colours change.

Note purple ovals that the blue line is below the orange and is moving otherwise the signal should be ignored. At the signal candlestick, the green line of the DSS of momentum is above the dotted line. The price breaks the blue line of Trend Envelopes downside. At the same candlestick, the rising blue line changes into the falling orange line. The candlestick is below LWMA. When the previous condition is met, expect a candlestick to appear below the moving average.

It must close under the red line of LWMA. There must orange line of Trend Envelopes at the signal candlestick. The DSS of momentum additional line should be orange at the signal candlestick.

It should be located below the signal dotted line that is, it is breaking through it or has already broken. The below screen displays a candlestick that closed at the level of MA the red line , almost fully below the line. The below screen shows that the DSS is below its signal line at the signal candlestick. Besides, the blue line is flat, not rising. Signals are relatively rare, you can wait for one signal for a few days.

Do not trade when the market is flat. Test this strategy directly in the browser and assess the performance. This is a profitable weekly trading strategy, which can be used for position trading with different currency pairs.

It is based on the springy action of the price — if the price rose quickly, it should fall sooner or later. We can use a chart in any terminal and a timeframe W1 although you can also use a daily timeframe. You should analyze the size of the candlestick body of different currency pairs. There is a wide range of pairs: AUDCAD , AUDJPY , AUDUSD , EURGBP , EURJPY , GBPUSD , CHFJPY , NZDCHF , EURAUD , AUDCHF , CADCHF , EURUSD , EURCAD , GBPCHF.

Next, choose the pair with the longest distance between the opening and closing prices within the week. You will enter a trade on this pair at the beginning of the next week.

The bear candlestick, indicating the price action for the previous week, has a relatively big body. You enter a long trade at the beginning of the next week. You should set a stop loss at a distance of points and a take profit - at points. In the middle of the week, exit the trade. It may be closed with a take profit or a stop loss. Then, again expect the beginning of the week and place a new order.

Do not place orders at the end of the week. It is clear from the chart that, following each bearish candlestick, there is always a bullish one although it smaller. The matter is that what period you should take to compare the relative length of candlesticks.

It is individual for each currency pair. Note that some small bear candlesticks were followed by rising candlesticks. The relatively small fall, occurred in the previous week, may continue. The bullish candlestick, indicating the action during the previous week, has a relatively big body. Red arrows point to the candlesticks that had large bodies relative to the previous bullish candlesticks.

All signals were profitable except for the trade that is marked with a blue trade. The disadvantages of the strategy are rare signals, although the percentage of profit is quite high.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use. Most Profitable and Realistic TradingView Strategy In Dollar OANDA:XAUUSD.

Exponential-X Pro. Trend Analysis Technical Indicators trend tigerfx marketsolverpro profitable profitablestrategy strategy BTC BTCUSD ETH. What happens if it is just a regular candle? Which is…. I use this trade entry technique if I were unable to get into the trade on the initial break of the moving average. In here I wait for the market to slow things down after the initial break of the moving average, then like the previous example, I use bullish or bearish engulfing candlestick patterns to execute the trade.

But we did get a bearish engulfing candlestick after the break and pullback AKA after the breathing stage,. Now here we consider the marked pullback as the breathing stage. In the breathing stage, any bearish engulfing candlestick pattern is qualified to place a sell trade. Have a look at the above chart. Just like the previous example, we did not get bearish engulfing candlestick at the initial breakout. But inside the breathing area, we got multiple bearish engulfing. All of these candlesticks inside the breathing area are qualified to go short.

When using this trade entry technique, most of the time we get into the trade in the middle of the trend. We wait for price action to pull back and touch the 50 MA and then wait for a bearish engulfing candlestick to place trade. According to the above, you can see that price pullback to the 50MA and touched it. This is a valid pullback. Now, all we need is a bullish engulfing candlestick to go long. As expected we got a bullish engulfing pattern and after that price shoot like a rocket.

As you already know this simple forex trading strategy is highly based on the small risk and higher reward. Assume you had a bullish engulfing candle and you should place your entry at the closed on that candle.

Next, measure the size of that bullish engulfing candle in PIPs and place your stop-loss twice that distance. For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs. According to the above chart, you can see that we got pullback trade entry as the marked bullish engulfing candle is closed. So our trade entry should be there. Now, the size of that candlestick is 7 PIPs, therefore Stop-loss should be 14 pips which is twice that candle.

This is how you place the stop loss when trading with this simple profitable forex trading strategy. We can also avoid larger drawdowns by cutting losses. If you can follow the above rules without letting your emotions affect your trading decision, you can become a profitable trader and a professional risk manager in no time. Step 1 — If Price Break Above or Below the Engulfing Candle, We Should Close the Trade Manually.

Assume you saw a bullish engulfing candlestick pattern and decided to take a long position. After that, the price break below the trade entry and closed below the bullish engulfing candle. When this occurs, the bullish engulfing is no longer valid, and there is no reason to keep the trade open. Therefore, we should cut our losses as soon as possible by manually closing the trade.

This way we can stop a trade turn into a bigger loss. First, we can see that there is a bearish engulfing candlestick pattern that occurred after price break below the 50 SMA and this is a valid trade entry as well. What happened after we went short? Within two candles price went up and closed above the bearish engulfing candlestick. Which mean our trade entry got invalidated. Now What? Simple, as a trader and as a Risk Manager, you should cut your losses because our trade entry got invalidated and there is no reason to keep hoping that this trade will turn in our direction.

In this step, we are giving some time period to see how the trade plays out. If the trade has the momentum to move in our favour within that time period we gave, there is no problem.

Simply because the momentum is not in our favour. According to the above chart, we got a breakout entry with a strong bearish engulfing candle. This is our trade entry and we can place a short trade here. Now in this scenario price never tried to close above the entry candle.

This is how you take control of your losses and keep your losses short, so that when you hit winning streaks and bigger winners you asymmetrically compound your gains. According to the above chart, we got a strong bearish engulfing entry signal following the break of the 50 SMA. We can place a short trade there. Right after we executed a short trade, momentum began to kick in and price began to move in our favour, eventually reaching our 1R profit target.

Have a look at the red stop loss line. This is the third step on how to cut losses. At this point, there is little to no risk on our trade. We dramatically reduce the risk of our trade using these simple trading techniques.

Before we get started, let me tell you something. If you follow the guidelines outlined in this article and implement the approach as instructed, I am assured that you will be able to make consistent profits month after month.

This is a simple yet highly profitable forex trading strategy. The focus of this strategy is to cut our losses short and gain as much as possible. The main driver of this strategy is the Higher Returns and Small Losses. Also, when developing this trading strategy we followed the popular term KEEP IT SIMPLE STUPID. Hence, all the trading signals are generated by the trading system and all you have to do is to place your orders and manage them according to the rules of engagement.

In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish engulfing candlestick patterns to get into trades. Basically, when trading this strategy, after determining the trend, we will ride that trend to gain as much as possible. Also if the trade is not going in our favour, then we immediately cut the losses. For example, have a look at the charts below.

It represents how a profitable trade and a losing trade looks like. With these kinds of returns, achieving consistent monthly gain is simple. For extra clarification, have look at the excel screenshot of our trading journal.

It represents how the profitable trades and losing trades are distributed. In the above chart, we got a total of 15 trades. Among them, we only had two massive 60 PIP winners with some small winners and all others were losing trades.

That is the beauty of this trading strategy. Now I hope you got a brief idea about how this simple profitable forex trading strategy is going to work. Personally, I am a huge believer in keeping things simple. First, head over to tradingview. com and open a free account. Then follow the below video to set up your tradingview chart. Ok, Tradingview is now ready. But from which platform are you going to place the trades? Also, we are using a Minutes timeframe for this strategy.

So make sure that you are on the right timeframe. If you want to make a consistent profit each and every month, you need to take control of your emotions. Related: How to Control Emotions Ups and Down When Trading Forex — Trading Psychology. Since we have tremendous returns in this trading strategy, these small emotional problems will not be big deal.

Consider this: even if you have a poor win rate, you can still be profitable due to the higher risk to reward ratio. So you can be a calm trader since the win rate cannot bother you anymore. When it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades.

When trading the forex market, Losing trades is one of the most common market events that can harm us, right? Due to the higher risk to reward ratio, losing trades cannot hurt you anymore because you have a gut in your exponential higher returns.

This is a significant step in the direction of becoming a successful trader. As you know, our trade entry is bullish and bearish engulfing candlestick patterns, and the best thing is, you have nothing to do. Every trade signal is generated by itself in the chart, so just relax and execute. We have three types of trade entries in this simple profitable forex trading strategy.

This trade entry technique was developed to catch the trend early as possible or in another word, I can say that this is the first attempt to catch the trend. Basically, we are waiting for bullish or bearish candlestick to break the 50 Simple moving average.

Have a look at the marked area in the above chart yellow circle. On there we can see that a strong bearish candle closed below the 50 Simple Moving Average. This is what I call initial breakout entry and this is a bearish trade signal. In the next chapter, we are going to talk about how to manage risk Setting stop-loss and cutting losses. On the marked area in the above chart, you can see a bullish engulfing candlestick pattern break and closed above the 50 Simple moving average. This is our buy trade signal.

Now, what happens if we do not get bullish or bearish engulfing candles when the price break the moving average? What happens if it is just a regular candle? Which is…. I use this trade entry technique if I were unable to get into the trade on the initial break of the moving average. In here I wait for the market to slow things down after the initial break of the moving average, then like the previous example, I use bullish or bearish engulfing candlestick patterns to execute the trade.

But we did get a bearish engulfing candlestick after the break and pullback AKA after the breathing stage,. Now here we consider the marked pullback as the breathing stage. In the breathing stage, any bearish engulfing candlestick pattern is qualified to place a sell trade.

Have a look at the above chart. Just like the previous example, we did not get bearish engulfing candlestick at the initial breakout. But inside the breathing area, we got multiple bearish engulfing. All of these candlesticks inside the breathing area are qualified to go short. When using this trade entry technique, most of the time we get into the trade in the middle of the trend. We wait for price action to pull back and touch the 50 MA and then wait for a bearish engulfing candlestick to place trade.

According to the above, you can see that price pullback to the 50MA and touched it. This is a valid pullback. Now, all we need is a bullish engulfing candlestick to go long.

As expected we got a bullish engulfing pattern and after that price shoot like a rocket. As you already know this simple forex trading strategy is highly based on the small risk and higher reward.

Assume you had a bullish engulfing candle and you should place your entry at the closed on that candle. Next, measure the size of that bullish engulfing candle in PIPs and place your stop-loss twice that distance. For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs.

According to the above chart, you can see that we got pullback trade entry as the marked bullish engulfing candle is closed. So our trade entry should be there. Now, the size of that candlestick is 7 PIPs, therefore Stop-loss should be 14 pips which is twice that candle. This is how you place the stop loss when trading with this simple profitable forex trading strategy.

We can also avoid larger drawdowns by cutting losses. If you can follow the above rules without letting your emotions affect your trading decision, you can become a profitable trader and a professional risk manager in no time.

Step 1 — If Price Break Above or Below the Engulfing Candle, We Should Close the Trade Manually. Assume you saw a bullish engulfing candlestick pattern and decided to take a long position. After that, the price break below the trade entry and closed below the bullish engulfing candle. When this occurs, the bullish engulfing is no longer valid, and there is no reason to keep the trade open. Therefore, we should cut our losses as soon as possible by manually closing the trade.

This way we can stop a trade turn into a bigger loss. First, we can see that there is a bearish engulfing candlestick pattern that occurred after price break below the 50 SMA and this is a valid trade entry as well. What happened after we went short? Within two candles price went up and closed above the bearish engulfing candlestick.

Which mean our trade entry got invalidated. Now What? Simple, as a trader and as a Risk Manager, you should cut your losses because our trade entry got invalidated and there is no reason to keep hoping that this trade will turn in our direction. In this step, we are giving some time period to see how the trade plays out. If the trade has the momentum to move in our favour within that time period we gave, there is no problem.

Simply because the momentum is not in our favour. According to the above chart, we got a breakout entry with a strong bearish engulfing candle. This is our trade entry and we can place a short trade here.

Now in this scenario price never tried to close above the entry candle. This is how you take control of your losses and keep your losses short, so that when you hit winning streaks and bigger winners you asymmetrically compound your gains. According to the above chart, we got a strong bearish engulfing entry signal following the break of the 50 SMA. We can place a short trade there. Right after we executed a short trade, momentum began to kick in and price began to move in our favour, eventually reaching our 1R profit target.

Have a look at the red stop loss line. This is the third step on how to cut losses.

Most profitable Forex trading strategies,Profitability – Profitable Forex Trading Strategies

WebThe Most Profitable Forex Trading Strategies Beginner, intermediate or advanced, you do Swing trading, Scalping or Day trading, you must define your own method to become a Web6/2/ · trendanalysis indicator trend tigerfx marketsolverpro profitable profitablestrategy strategy btc btcusd eth Setting up and checking the performance report of one of the WebThere are multiple forex brokers all over the world who offer these services in order to provide you a perfect trading experience. We're excited to announce our new joinForex WebThe most profitable forex strategy is the use of a range trading strategy. This strategy involves identifying ranges in the market, setting stop losses and exits at the more WebWhen it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades. Think ... read more

Simple Yet Profitable Forex Trading Strategy Consistent Monthly Gains. It is just basic science. The trade opportunities according to the strategy are indicated by the blue marks. Hence, I studied continually and with determination, until exhaustion. If the price is above the 20 SMA, then it is in an uptrend.

For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs. Everybody can make money trading Forex and everybody bases his trading on what he see in the current market, most profitable forex trading strategy. The candlestick must close above the red line of LWMA. To find out more, including how to control cookies, see here: Cookie Policy. Risk and loss are integral parts of trading Forex. All you need is to just open a demo account via this link.

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