Very simple FOREX strategy

MoneyTec Forums Trading Strategies Very simple FOREX strategy

This topic contains 14 replies, has 6 voices, and was last updated by  Dr.Infinite 2 weeks, 2 days ago.

Viewing 15 posts - 1 through 15 (of 15 total)
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  • #928

    ahalya
    • 0

    i came to know about some simple strategy in which we open both buy and sell.

    if price moving against one order then it open another trade with the double volume if first trade is running with 50 pips loss.

    This continue till the newly open order close in profit. Here the TP of the all trades will be equal to open prize of last but one trade.

    If 3 trades are of same order running then tp of all trades is equal to 2nd trade (last but one) opening prize.

    Let me know any questions

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    #929

    dollar
    • 0

    i think for this type trading need a lot of time..becasue if one trade is loss then we are going to open other trade after next 50pips level. so there is wait for time and 50pips monvement is not possible with in minuts…. what we do if at that time we are not present in front of our system….?

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    #930

    ahalya
    • 0

    You can calculate things and place some pending orders before You leave your computer.

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    #931

    dollar
    • 0

    if we are going to putting the pending order then its meaning we put pending order in both direction. one buy or see.
    and the calculate the lot size also on base last trade..
    but i think it will be become little bit more completed.
    batter is that we reduce the take profit like 50pips to 25-30 pips…

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    #932

    ahalya
    • 0

    if we reduce the TP then risk also increase, as we see number of orders will increase for some small drop or raise. so i kept 50 pips TP as optimum.

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    #933

    dollar
    • 0

    but if we reduce the take profit level like some pips then there is more chance to achive our trader take profit very soon.
    because we can see 20-30pips retracement in every type of market.

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    #934

    murali603
    • 0

    but in martingale strategy risk also increase price is moving against us, Now the lot size of trades will increase as compared to 50 pips TP.

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    #935

    ahalya
    • 0

    I have an EA with 50 pips TP level but i want to change to 30 pips TP, dont know how to edit that file

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    #936

    MattTucker
    • 0

    the simpliest trading strategy is being aware of fundamental news and technical analysis stuff.

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    #937

    kevinLewis
    • 0

    Risk may increase if we reduce the TP as we see number of orders will increase for some small fall or arouse.So,we kept 50 pips TP as optimal.

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    #1363

    OctaFX_Farid
    Participant
    • 28

    I can’t argue with anyone’s personal opinion. I mean, if something works for you, it’s not necessary that it will work for me or others. That’s why won’t say this is wrong, as it might be right for you.

    However, by just the look, it just not looks right, as it is more randomly put up thing because here you are just guessing. I would certainly not buy this in at all.

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    #1553

    Alex
    Participant
    • 28

    The thing is that the simple strategy we will have, it will be the easier thing for us to work out. But there is no way it is easier to figure out things. We need to work a lot harder on demo account, as it is what will help us going far with doing things and will allow us to perform nicely too.

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    #1648

    Aaron
    Participant
    • 9

    I think this is basically the description of martingale strategy. I am not sure if calling this simple is right. I am not talking about in terms of following of it, but I am more towards the gaining part of it.

    I don’t think you could gain profits easily from this and needs a lot of luck especially if we lack experience.

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    #1733

    Isk
    Participant
    • 10

    I don’t really care if it’s a simple strategy or if it’s a complicated one, I just prefer to look at the results. I believe that is what we all should do. If we look at the easiness or difficulty part, then we are just not putting our self in the right zone. So, it is absolutely necessary for us to look for right way regardless of this being easy or difficult.

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    #1991

    Dr.Infinite
    Participant
    • 21

    You don’t just need simple strategy, but you need a STRONG strategy. As that to me is the way forward and is how one is able to perform and able to achieve money in a consistent way. I feel superb via following up Gbp Chf forecast, it is a pair that I mostly trade due to various reasons. And by following the market forecast of it, I get myself working out even easier and helps me with performing. So, it is something that allows achieving profits as well.

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