Everything is Simple [Forex & Crypto Trading Strategy]

Dear friends, today we will consider the Forex & Crypto Trading Strategy «Everything is Simple», which can be used both as an independent trading system and as an additional tool when looking for entry points into the market when using other strategies, it is quite simple, but this is only its plus!

The strategy is based on the classic rules of trading from support and resistance levels, but there are also additions that allow you to determine the most important levels on the chart. A large time interval (D1) allows you to devote a minimum of time to trading, and a set of currency pairs, at the same time, allows you to get a sufficient number of trading signals.

Some statistics:

For 2015, for all the indicated currency pairs together (AUD/USD, NZD/USD, GBP/USD, EUR/USD, USD/CAD, USD/CHF, USD/JPY), the result was slightly more than +2000 points (for 4- x digit quotes). With the recommended risk per trade of 5% (stop loss of 50 points), as a percentage, the profit per year was about 200%.

• Time interval — daily (D1).
• Currency pair — AUD/USD, NZD/USD, GBP/USD, EUR/USD, USD/CAD, USD/CHF, USD/JPY.
• Indicators are not used in this strategy.

Rules for entering a BUY according to the forex strategy «Everything is simple»:

1) The price forms a maximum, the upper point of which is formed by candles with a long tail on top and with a small body (the color of the body does not matter).

2) Draw a horizontal line at the maximum price of the reversal candle.

3) As soon as the next candle breaks through this line (the breakout should be clear, not one or two points, but preferably more than 10) and closes higher, you should place a Buy Limit pending order 5-6 points above this line.

4) Stop loss is set at a distance of 50 points.

5) Take profit is 100 pips.

6) If after entering the price has not reached the target within three days, then the transaction should be transferred to breakeven.

In some situations, there are problems in determining the desired extremum, and for this reason we recommend using the following filters:

1. After the formation of a bounce candle, at least one candle must remain below half of the entire movement of the reversal candle.

2. We do not look for an entry point in lateral movements.

3. The level is valid until another level is formed below it, suitable for the conditions described above.

Rules for entering the SALE — «Everything is simple»:

1) The price on the chart of any of the indicated currency pairs forms a minimum, the lower point of this minimum should be formed by candles with a long tail below and with a small body (the color of the body does not matter).

2) At the minimum price of the formed reversal candle, a horizontal line should be drawn.

3) As soon as the next D1 candlestick breaks through this line (the breakout must be clearly expressed, and not 1-2 points, but it is better if it is even more than 10 points) and closes lower, you should place a pending Sell-Limit order at a distance of 5 -6 pips below this horizontal line.

4) Safety order — stop loss is set at a distance of 50 points from the entry point into the market or in this case from a pending order. The best resources in one place.

5) Profit taking order — take profit should be set at a distance of 100 points.

6) If after entering the market, the price has not reached the profit target within three days, then the open deal should be transferred to the breakeven level.

In some situations, traders have problems in determining the desired extremum, and for this reason, we recommend using the following filters:

1. After the formation of a breakout candle, at least one daily candle must remain above half of the entire movement of the reversal candle.

2. We are definitely not looking for an entry point in lateral movements!

3. The level for placing a pending order is valid until another level is formed above it, which meets the conditions described above.

Video of the forex trading strategy «Everything is simple»:

• Recommended to watch with English subtitles!

And video 2:

Original