Hi Friends,I am going to share with you one of the simplest trading strategies you could ever come across. I assure you that if you follow this strategy exactly as explained here 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 tdading are ready for it, here it goes-Indicators -Simple moving average tdading (for direction)Simple moving average 10 (for entry)Time frame- Any. Works on 5 min, hourly and daily charts. The main principle of this strategy is to trade torex reversals that are present in any market.The strategy is developed for currency (forex) trading and works best in ranging markets. However, with the help of Support and Resistance Levels or Fibonacci Indicator it can be also traded with success in trending markets.Additional informa - Trading the 5 minute chart is not too much different to any other time frame however it can be much more time consuming.
Three deals max. per day. Open position when phillppine angle of the 50 Simple moving average are greater than 20Degrees and the price retrace back into the zone of 5 min trading strategy forex philippine 21 Exponential moving average and the 10 Exponential moving average. Set stoploss at pips plus tracing and profit taking at 8-10 pips. Move stoploss to traidng as soon as pips gain is obtained. Using this strategy is at your own risk. Hope someone will benefit from it.Below is some important links to questions and Information.
To do that, you want to open your position on currency pairs that are correlated. If I want to open a position on EURUSD, you may realize after a while that you might be wrong, an attitude that is always good to have.Having said that, you may foorex to look at the correlation table below.As of September 2011If you want to manage risk for the EURUSD trade. You may want to open a position on AUDUSD and other correlated pairs.
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Forex strategy 5 trading min philippine