Forex Strategy from Qwerty


Forex Strategy from Qwerty — in the  Trading System value of stop-loss of 30 points and only one indicator: Stochastic (5,3,3), although his testimony should be considered at the 5 time-frames: M5, M15, M30, H1 and H4, this strategy has proved forex when trading currency pairs: GBPUSD, EURUSD, GBPJPY, EURJPY. Other currency pairs can also be used, but the price is behaving less predictably, and for this strategy is not very suitable.

Here is the text forex strategy, which has sent me a user Qwerty (for which he express my gratitude!):

This strategy works well in forex Flеtе and the trend since Stochastics on Flеtе just works perfectly, in a trend Stochastic Oscillator is as good shows itself, but against the trend to use it is simply dangerous.

And so set on the schedule chosen currency pair indicator Stochastic Oscillator (5,3,3), which is present in any trade terminal Metatrader 4 and install it oversold levels / overbought — 20 and 80 and optionally adds a level of 50 (for clarity, the direction of trade ).

Or, for the convenience of monitoring the stochastics indicator can be used + Stochastics (MTF_for M5).ex4 to promptness with conventional stochastically (in common use, you will see all the time-frames stochastics on the same graph). For ease of installation of this indicator Metatrader 4, recommends that you use a template for MT4 (You can download it at the end of the strategy forex).

Transactions on the Forex Strategies from Qwerty (by the example of a transaction to Buy the currency pair GBPUSD):

1) Check for evidence stochastics timeframes M5, M15, M30, H1 and H4. If stochastics at all time-frames provided in the overbought or oversold, so soon will spread prices on time frames below H4. But it’s quicker just to continue in the direction of the interval H4 or D1.

Hence it is necessary to move to the interval H4 and build a Fibonacci levels on the direction of the trend of the last clearly expressed by the movement (in which there is pronounced minimum and maximum).

Figure 1: The signal from the interval Stochastic H4:

Forex Strategy from Qwerty

2) Look at the Fibo levels  in the interval H4 (we are interested in is all important levels: 23,6%, 38,2%, 50%, 61,8%, 76,4% Fibonacci) and put the Limit-Order to the nearest of them, about which the money was obtained after the signal from the stochastics at all time-frames.

Figure 2: Confirmation of the signal from Stochastic on the interval H1:

Forex Strategy Qwerty - H1

While it can be effectively and continuously monitor the signal: first, when the forward will be in the area of stochastics overbought or oversold on H4, then only look at the repetition of the same signal at smaller intervals and the proximity of the price of an important Fibonacci level.

Figure 3: Confirmation signal from the interval Stochastic M30:

Trading Forex Strategy from Qwerty - M30

For convenience, go to a smaller intervals: M5 or M15 and watch how the price behaves.

Chart 4: Confirmation of the signal from the interval Stochastic M15:

Forex System from Qwerty - M15

Usually before the end of the confirmation signal at the interval M5 you have another 10-15 minutes to make a decision - to set a pending order or not!

Figure 5: Acknowledgement signal from the interval Stochastic M5:

Forex Strategy from Qwerty - M5

If the price at a given time is somewhere between Fibo levels, then look at the levels from which the price has bounced in recent times and put on them.

If you missed the entrance to the market, you can re-enter into it, I use Fibonacci — levels on a smaller time-frame — M15 (Fibonacci levels as building on the last movement, the price of which has already jumped, but fell back a bit and tries to correct).

3) If the price is unfolded without touching my deferred Limit-order, then move it to the level where it unfolded.

The fact that the price is usually several times it tries to break through (test). The result obtained fairly accurately enter the market.

4) Stop-loss is placed at a distance of 30 points - this is quite enough! And do not pass it if already installed, because I do that a couple of times (see report) — the result was better not to, but worse — the deal was a loss-making!

5) Warrants try to close on the take-profit. But where to install it yet just do not know, I work on it (if you have any thoughts on this matter — please share). Sometimes the price goes over 100 points, and sometimes 1000. So while putting 200 points and if I see that the price is set, then tighten it closer. Possible and with a trailing stop, built-in MT4.

5) Risk management: the lot for $ 1000 using a constant 0,05. What and all advise! — This will allow you to keep your deposit and multiply it consistently, without fear that something will happen in the forex market and you lose your depot.

For transactions on the Sale of the trend should be sent down to the H4 or D1 and wait for stochastics will be at 5 time-frames in the zone Overbought!


1. for older timeframes — stochastics should not give the opposite signal, it is best when it is already moving in the direction of trade! Ie no need to bargain, if some of the intervals in stochastics formed opposite signal during the formation of signals at the 5 time-frames!

2. Stochastics on the daily chart usually indicates the trend (which he directed — there and to trade)

Note: All indicators and forex MT4 template must first unzip!

Just for this strategy, you can view a report on trafficking for the period 01.06.2010 — 22.06.2010 with a real user account Qwerty (opens in a neighboring window)

Test Forex Strategy from Qwerty

Just want to draw attention — a sharp jump in the graph — the withdrawal of funds from the account — the profit ($ 500 wmz)!

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Comments (2) on "Forex Strategy from Qwerty"

  1. Noam:


    I propose to put a take profit at the 50% fibonacci retracement of the last swing on the H4 (the same time frame from the original fibonacci level for entry, but the next swing after the swing for calculating the entry). So if you put a buy order at level x, then draw fib retracements from the high before x all the way down to x, and put the TP at the 50% level or a few pips lower.


  2. Qwerty:

    More to the published strategy forex from Qwerty want to add a little story — the story of a trader «(it is quite possible that it will help new traders realize that still earn on Forex can!):
    I like many on this site are a newbie. A year ago, I had no idea what forex is and how it is eaten. But everyone in life situations happen when you begin to look for a way out. In response to the crisis and the emergence of the light in this fun time of the child my wife was a catastrophic shortage of finance. First, we decided to save, but after a while realized that it was useless. What we do not cut costs, but still was not enough money. All continued to go up. Then we decided to increase revenues. But how? His wife sits with her child. Relatives can not help me. I found second jobs. But the result is not much avail. Houses began to appear very late, exhausted, and the result — was a little easier with the finances. But for a long time so could not continue.
    Then I began to look for other ways of earning. At this time, and there was my introduction to forex. At first it seemed that this scam. Well, people can earn on this. «Casino some» — I thought, yes, and friends said about the same. But this version has decided not to be discounted. Learning strategies and trading on a demo account showed that I was wrong. Very quickly my demo account was increased, but the feeling that somewhere there is a trick I could not shake. Since the demo account does not earn, but only potrenirueshsya, I decided to open a real account. During the search of information about forex, I stumbled upon a site Alexis — where you are now, and «Strategies FOREX / Strategies FOREX» —
    Much had learned on this site!
    And when Alexei Loboda asked to describe their strategy, for which I started more or less to earn, of course I agreed. But I digress …
    The site advised Alex to open Cent account to start. And as the feeling that «not all that simple» I did not leave, I decided to follow his advice. He opened a cent from $ 5 and began trading. A week or two, I fully merged deposit. It is a pity of course, but it is small money. Again, thanks to Alex, and more precisely its ctateyke on stages of forex trader, I realized that it is logical.
    The problem is that I did not pay attention to the psychological factor. And this is one of the most important factors.
    But again, trade was already terrified. So I again began to learn. Once the demo account. But the result is quite different. Now and in the demo account I traded for real in the light of psychology. Therefore, the demo account slowly began to decrease.
    Like all. The Myth of earnings deflated, but I persisted in trying different strategies forex. And in the end was again obtained earn.
    I am in no hurry to spend real money, and began to study money management. Tried to play with the size of the lot. It seems so simple. And finally ripe for another attempt to risk real money. Replenished Cent account for $ 5 I started to trade cautiously.
    Deposit lasted a couple of months. I have it goes up and it was negative. Simply put — hanging about in one place. And poured it again because of psychology.
    Just be sure that the prisoner was a profitable transaction, and the price now unfold. Therefore, pushing aside the stop-loss and opened new orders with a larger lot with the hope to earn a lot.
    Then I got to know Marzhinkolom. Experienced traders are probably laughing, and I myself funny now to remember. All that I read, but until he does not get through all this — as it is not perceived.
    After this fiasco, I did not touch a week to the terminal Metatrader 4. Actually wanted to drop everything. But from experience you will not become richer. The errors are already known. So I again replenished Cent account for the same $ 5. And once again began trading. But not just on the description of the strategy, but I have noticed a pattern. I’m risking 2% of the deposit. Previous experience has shown me that above, for me personally, not comfortable. A few months deposit lasted, and then began to grow.
    Just before I realized that the price of forex on my desire not to respond. I adjusted to her. Psych. Yes, and money management is no longer violated. As a result, this month received an increase of 40% of the deposit.
    Buoyed by his success, I took his earnings. And then opened an account at $ 100. And once again began trading. Next month gave profits 46% of the deposit.
    Once removed everything and opened its usual account. He put on his $ 1000. Not even a month, and I already earned $ 500 and safely removed them — a report on trade for that month and you can see the end of the strategy of Qwerty.
    Of course I still make mistakes, but now they do not represent those catastrophic consequences both in the beginning. Now I think I know how to earn forex.
    The most important thing is not a strategy by which you trade (although it also has its own weight in your trade), and Psychology and Money Management!
    In conclusion I want to thank Alexei for such a wonderful resource of Forex and advice for us newbies!

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