Often these longer term graphs can be deceptive and have traders falling for predictable mistakes. Our aim is to make 200 pips on each trade. This simple system requires very little maintenance. As you can see, 3 buy trades made us 0 pips. I assure you that if you follow this strategy exactly as explained foex and also adhere to few basic rules and instructions, you will never have a losing week or a month (there could be few losing days once in a while).
So if you are ready for it, here it goes-Indicators -Simple moving average 200 (for direction)Simple moving average 10 (for entry)Time frame- Any. Works on 5 min, hourly and daily charts.
Strategy day trading forex daily charts