Very simple FOREX strategy
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- This topic has 14 replies, 6 voices, and was last updated 3 years, 7 months ago by FXGuru.
Sep 1, 2017 at 4:03 pm #928ahalyaGuest
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 questions00Sep 1, 2017 at 4:04 pm #929dollarGuest
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….?00Sep 1, 2017 at 4:04 pm #930ahalyaGuest
You can calculate things and place some pending orders before You leave your computer.00Sep 1, 2017 at 4:04 pm #931dollarGuest
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…00Sep 1, 2017 at 4:05 pm #932ahalyaGuest
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.00Sep 1, 2017 at 4:05 pm #933dollarGuest
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.00Sep 1, 2017 at 4:05 pm #934murali603Guest
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.00Sep 1, 2017 at 4:05 pm #935ahalyaGuest
I have an EA with 50 pips TP level but i want to change to 30 pips TP, dont know how to edit that file00Sep 1, 2017 at 4:05 pm #936MattTuckerGuest
the simpliest trading strategy is being aware of fundamental news and technical analysis stuff.00Sep 1, 2017 at 4:06 pm #937kevinLewisGuest
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.00Nov 20, 2017 at 2:59 pm #1363OctaFX_FaridParticipant
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.00Dec 3, 2017 at 2:45 pm #1553AlexMember
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.00Dec 10, 2017 at 2:26 pm #1648AaronMember
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.00Dec 17, 2017 at 9:52 am #1733IskMember
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.00Oct 19, 2019 at 8:56 pm #2235FXGuruParticipant
In my view, it’s important for one to have very simple strategy. With that it’s all about risk/money management, which then leads into great results and something that helps you with working nicely. I find it all rather easy with FreshForex broker using their low spreads, smooth trading platform and stuff like 101% tradable deposit bonus, and it’s simply amazing.00
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