Forex strategy «15 minutes a day» — easy Forex Strategy, for those who have very little time to trade …
A trading system is very simple but very effective. So I guess that for someone it will be very useful, especially for those who have only a little time because of the substantive work.
Opening of the transaction to BUY:
1. The daily chart — D1, forex indicators do not use one.
2. If within 3 days of consecutive daily closing price of the candles was higher than the opening price of the previous Japanese candle, then pursuing a transaction to buy at the opening of the 4th Day candles!
3. Stop-loss orders are putting at a distance of 2-3 points lower than the lowest price of the previous day’s candle or at a distance of 90 pips — choose what is below.
4. Take-profit close in 2 stages: 50% of the transaction — when you reach 30 pip, swap the remaining 50% of «zero» expose and take profit at 100 pip.
Opening of the transaction for SELL:
1. The daily chart — D1, forex indicators do not use one.
2. If in the course of 3 consecutive days closing price of candles was lower than the opening price of the previous Japanese candle, then pursuing a transaction to sell at the opening of the 4th Day candles!
3. Stop-loss orders are putting at a distance of 2-3 points higher than the highest price of the previous day’s candle or at a distance of 90 pips — choose what is higher.
4. Take-profit close in 2 stages: 50% of the transaction — when you reach 30 pip, swap the remaining 50% of «zero» expose and take profit at 100 pip (as if you buy).
This simple strategy trading forex eliminates many of the factors that lead to the fact that newcomers to the forex lose money (because of frequent opening of trade transactions, incorrect use of indicators forex).
Are the test results of this simple strategy on several pairs:
GBP / USD — opening 2-name lots, 1 st close at +30, 2 nd — and close to zero at +100.
January 2008: 190 n.
February 2008: 190
March 2008: -20
April 2008: 550
May 2008: -280
June 2008: 550
Total for 6 months: 1180 points!
GBP / JPY — is also opening a transaction name 2-lots.
January 2008: 650 n.
February 2008: 450
March 2008: 190
April 2008: 530
May 2008: -100
June 2008: 130
Total for 6 months: 1590 points!
