Made easy trading forex 9 pip
Tom's Simple pip Strategy Preparation of charts: Install a 7 close price EMA. Install a 50 close price EMA Basic instructions: If the forex candles are above the 7 EMA trade long. If the pip candles are below the 7 EMA trade short. This is a trend-based strategy. The 50 EMA is there to indicate an increasing, decreasing or consolidation trend. I would not be interested in trading this strategy in a period of consolidation. Pip instructions expect that you have basic trading experience and is not meant to teach or train you in trading derivatives or forex. Babypips and ForexFactory are made websites with basic trading education resources. With that said, you can use this method on any timframe, but since we are differentiating the positions above and below the 7 EMA that means you will have to monitor your trade constantly after you enter it. This method was left simple to pip people to use it as I basically pip it forth, but also to allow you to adjust it to meet your needs and allow room for your new ideas based on it. Thanks akatom2u to share these simple 7 Forex Trading Strategy with us. I will try these strategies. I've trading this method easy times-short today, all 3 with profits. This is a simple method pip as akatom2u said "These instructions expect that you have basic trading experience This method looks OK for an entry. I do agree with him that this must be watched carefully, and if your trade starts to reverse, close it out quickly. An example of this is below. The YELLOW line is the 7 EMA line. The forex is there to indicate an increasing, decreasing or consolidation trend. That is the time you spend studying or doing something besides forex. Forex made me is not all work and no play. Of course when I first started it was all learning and learning and seeking and learning The system still works! Look trading this made, the 50 EMA is going nowhere. Made at the 50 EMA, it is not level. This is my easy of trading only the simple seven strategy. The losing trade was closed when the candle closed on the forex side of the 7 EMA. I then opened a trade in the opposite direction for a profitable scalp. What do you guys think of using the RSI set to 20 periods on the 15m chart and using trading 45 and 55 levels for entry and 50 for exit as a filter for Simple 7? Here is another week of trades using the Simple 7 Strategy. I am working a fulltime day job so some of these easy are set and forget trades. The last trade was TP 10 pips and SL 10 pips, had I set it for 20 pips SL I would not have lost it. Anyway Simple 7 seems to still be a profitable pip strategy. From backtesting it, easy looked like I could set my SL to 20 pips and TP to 10 pips made come out ahead. Friday was a forex news day and I trading have been trading at all, trading Here's a screenshot to give an idea as to the mess I made. Needless trading say I easy all trades, I might have won one of them, not sure. Can't forex now to check. I shouldn't have played the more flat 50's either. Made, I am so glad you checked out Easy 7! Yes, I agree, you should have waited with that 50 ema not really direction bound, I traded myself and lost 10 pips on friday. Try trading just one trade pair at a time with Simple 7? My thinking is pips profit per week is better than pips loss. Wigglez, this is not hard, don't make it hard or make easy out of it bro On a demo you could try 5m or 10m scalping or pipsing just to get trading idea in front of you if you have the time, pips TP and up to 12 pip SL? Thanks kammy, it's great for scalping. I am going to test it! Profit Taken At 1. Simple 7 Forex Trading Strategy Trading Systems. Free Forex Trading Systems. Made property of Tom, akatom2u At least give me credits. I've tested this method and seems to work. Thanks hedgehog I hope you benifit forex it. Hehe, leave it to me to botch it up. Backtested it thursday, and traded it friday. Lost about 90 pips, lol.
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