A Strategy where even BEGINERS can make PROFITS!
Hi all,
I have come up with a simple new strategy where EVERYBODY can make profits which should start within a few days at the most.
This is not about trying to predict what the future market is going to do using any number of indicators, formations or patterns. And is not based on any fundamental analysis.
My testing has shown it to work when market conditions are long, short or going sideways.
It uses only 2 indicators. The 100 & 200 moving averages (MA) and I have based my testing on one hour charts so far.
So how does it work?
Well, as the chart shows its as simple as placing a trade as soon as the price moves over either of the MAs and closing it once it reaches either of the MAs again. That's going up or down. Of course that means as soon as you close one trade you open another.
Always place a stop loss as close as possible. That way, as you can see in the chart, losses are kept at a minimum.
If the price is crossing between the MAs, as in moving across one toward the other then place a take profit at or just before the other MA. Then be ready to place another trade in the same direction. Why not just keep it going? Because the price and the MAs dance around each other in times of reversal or consolidation and those smaller profits are what offset your losses and to help keep you solvent when starting out.
When heading out from between the MAs DO NOT place a take profit. Otherwise you will miss what this whole setup is about, catching that long trend where the bigger profits are made. These often take days to complete so you have plenty of time to move a stop loss into an area where you are guaranteed profit. Or use a trailing stop. But not to close this time!
However if you check the chart once again, you'll see that the 100 MA has followed the price up or down and has sometimes acted as support going up and resistance going down. Once it crosses the 100 MA then you'll get your profit. Just be ready for it to bounce off the 100MA again as you never know how far it will go! Also don't wait to long before closing out the trade, you can always open another.
Do not be tempted to zoom in to smaller timeframes e.g. 5min, 1min as it will change everything and will not make the chances of making profits any better.
In my trial for EURAUD going back 1 month there was 45 losses totalling -3.31% and 31 wins totalling 7.05% which came out at 3.74% of the pair. I did a quick add up for 1 further month back and the overall total came to 7.00%.
Any how. Check it out and let me know what you think
Happy trading.
I have come up with a simple new strategy where EVERYBODY can make profits which should start within a few days at the most.
This is not about trying to predict what the future market is going to do using any number of indicators, formations or patterns. And is not based on any fundamental analysis.
My testing has shown it to work when market conditions are long, short or going sideways.
It uses only 2 indicators. The 100 & 200 moving averages (MA) and I have based my testing on one hour charts so far.
So how does it work?
Well, as the chart shows its as simple as placing a trade as soon as the price moves over either of the MAs and closing it once it reaches either of the MAs again. That's going up or down. Of course that means as soon as you close one trade you open another.
Always place a stop loss as close as possible. That way, as you can see in the chart, losses are kept at a minimum.
If the price is crossing between the MAs, as in moving across one toward the other then place a take profit at or just before the other MA. Then be ready to place another trade in the same direction. Why not just keep it going? Because the price and the MAs dance around each other in times of reversal or consolidation and those smaller profits are what offset your losses and to help keep you solvent when starting out.
When heading out from between the MAs DO NOT place a take profit. Otherwise you will miss what this whole setup is about, catching that long trend where the bigger profits are made. These often take days to complete so you have plenty of time to move a stop loss into an area where you are guaranteed profit. Or use a trailing stop. But not to close this time!
However if you check the chart once again, you'll see that the 100 MA has followed the price up or down and has sometimes acted as support going up and resistance going down. Once it crosses the 100 MA then you'll get your profit. Just be ready for it to bounce off the 100MA again as you never know how far it will go! Also don't wait to long before closing out the trade, you can always open another.
Do not be tempted to zoom in to smaller timeframes e.g. 5min, 1min as it will change everything and will not make the chances of making profits any better.
In my trial for EURAUD going back 1 month there was 45 losses totalling -3.31% and 31 wins totalling 7.05% which came out at 3.74% of the pair. I did a quick add up for 1 further month back and the overall total came to 7.00%.
Any how. Check it out and let me know what you think
Happy trading.
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