Trading strategies for short-term and intraday trading! TS "Four Time" is the best option for a beginner! Intraday Forex Trading

Intraday trading is the implementation of one or several transactions during the day being traded on Forex.

Typically, the time intervals between opening and closing a transaction take several minutes, and sometimes even several hours.

The intraday strategy is popular, usually among traders who take a fairly active position in the market. Despite the rather complicated description, intraday trading is popular among both professional traders and beginners.

This type of trade is characterized by obtaining, although small profit, but in the shortest possible time. At the same time, a minimum amount of funds is required for trading.

You should know that in order to achieve a favorable result, it is important to make correct predictions when price movement on the market. After all, there are a lot of factors that determine. It is for this reason that in order for intraday trading to bring profit and not loss, you should carefully TRACK AND CONTROL the market situation on Forex, it is important to compare important facts, be able to draw conclusions in relation to value behavior, and also have a good reaction.

Video: Intraday Strategy Using the MA Indicator

Intraday trading, strategies (systems) for intraday trading

Combining deep knowledge of analysis with patience and observation, a trader will surely achieve success. Today there are many strategies for day trading. Probably the most popular of the lows is scalping. That is, a system that provides for instant opening and closing, sometimes even of several positions.

As part of such a trade, when a minimum is reached, from several profit points, trades should be closed in a short period of time. In this case, income is obtained due to a large number completed transactions. Naturally, positively completed.

News-based systems are also quite popular strategies.... Traders who have chosen this type of trading for themselves should constantly monitor events in the Forex market.

Of course, trading based on viewing the news requires a fairly long study of the market!

Another common system is... That is, when positions start to open against the trend. With a well-chosen strategy Day trading can indeed be a source of great income.

In this article, we will also look at advice from experienced traders on how to trade with day trading. And the first recommendation applies directly to trading within the 1st trading day, mainly. It is simply pointless to use Japanese candlesticks on small timeframes.

For example, if someone suddenly decides to trade by Price Action, for example, on M5 (five minutes), then this cannot be called trading by PA. This is just trading in the hope of luck.

Remember that you do not need to go down in less than an hourly chart when working with patterns! Moreover, do not chase the number of trades traded. It is much more profitable to choose the most obvious deals in the Forex market.

Let's say you decide to open a chart. Looking at it, you do not find setups, therefore, you need to enlarge the picture and. After all, We need at least some reason to enter the market. Surely, this situation is familiar to all traders.

According to old stereotypes “ intraday trading»Is a display of the multitude of transactions that occur almost every minute. But, obviously, not all of them will be effective. You should only enter the market when you see a clear setup. If you decide to come up with something, look out for without a reason to open a deal, it is clear that it will end in the loss of finances.

In addition, experts have repeatedly proven in practice that using a variety of instruments does not mean that trading will be easier and more profitable!

Video: Intraday Forex system, for m5 chart using indicators

Introducing intraday trading simply requires clear actions and quick decisions from the performer. In this case, there is simply no time to think. Therefore, if you use a colossal number of pairs, you will simply be distracted once again. It is enough to limit yourself to two or three instruments. And in the case of novice traders, one quoted pair will be enough.

How to avoid unnecessary risks in the intraday trading system?

It is not worth risking more than one percent of the deposit on each trade. Of course, one percent is a small figure. But try to delve into the meaning of this recommendation. When carrying out this type of trade,.

Literally because of a couple of trades that brought a loss, you can start making many new mistakes, hoping to win back your loss. If that's the case, it's really hard to stay calm. But we risk in each deal from five to ten percent, without emotions there is still a chance to win, but in other situations there is no.

Exactly because of this reason, the best option is the risk with a small part of the capital. This will allow, in the event of a series of losses, to remain balanced and mentally prepared for the next.

To do this, traders must first set for themselves not a fabulous fee, but a stable income. To calculate the lot in accordance with the standard specified% of a particular risk, you can use the high-quality Master Money Bot indicator.

After all, the release of strategically important economic data can calmly turn the entire market in any direction. In trading on daily charts, this factor is equalized directly by the value of the timeframe.

Well, in intraday trading, it is also important to follow the news. Therefore, experts do not recommend trading within a half-hour period after the news release. Even if there is an obvious setup, but after half an hour, you should expect new data, it is better to wait and not take risks. After all, everything can change dramatically. If, after the news, the market continues to move in the same direction, you can already open deals.

The value of timeframes in intraday trading Forex strategies

In this case, the graphs of one can be completely different. Only the time scale is important. If you decide to trade on H1, then it will not hurt in this case and go to even higher timeframes, for example, H4.

However, this should also be done wisely. You must consider the stage of the events taking place on the higher timeframe. The fact is that the correction is often delayed. Consequently, by limiting himself only to buying currency, a trader runs the risk of losing really profitable trades.

In addition, you should not set a goal in the Forex market in earning certain points per day. And this is stupid, and leads to the search for points that do not exist for entry. Therefore, in the end, you can even get on calm days, when it is generally difficult to collect at least some profit.

THERE SHOULD BE RESTRICTIONS. That is, the total within one day for transactions. Say stupid? When it comes to practice, discipline in the marketplace really contributes to success.

Let's take this advice practically.... For example, you have established that your limit on profit and loss per day is equal to seventy points. At the same time, as soon as your profit has reached seventy points, you plan to close jobs, forgetting about trading the next day.

You should also behave with losses!

If the indicator is seventy points, it is time to exit the trade without returning until the next trading day in Forex. Such measures avoid bad deals... If you want to win back, it may so happen that you will only get into good positions. But maybe vice versa.

Any seasoned trader will tell you that a daily candle has a body. We are talking about her lower and upper shadows. V best case will be able to hit most of the candle. That is, catch the trend of the day. However, while the price is moving towards the candlestick's body, a shadow is forming in it. But upon completion of its formation, we are guaranteed to receive a signal to enter Forex. Upon completion of the formation of the shadow, as a rule, pleases high probability arrived.

The value of volatility in intraday Forex trading

Let's imagine that the average range from high to low is one hundred pips. For a certain pair, let X. In this case, if your profit on a certain deal approaches the value of seventy to eighty points, you can safely close the position, because the potential for movement in this case can be considered exhausted.

Strictly speaking, it is the same when the cost has already passed the mark of seventy points. Then a new setup appears, and you should pay attention to it. It will be observed in the same direction. But, it is considered stupid enough to open a new deal in this case... After all, the cost has practically exhausted its potential.

Strictly speaking, starting from the above, it is obvious that understanding the daily average will allow you to trade more safely.

Where can you get such data? They can be found on many sites, for example, Mataf dot net.

Intraday trading strategy by indicators - Trade Aims

04.11.2016

Day trading- the optimal type of trading, equally suitable for both beginners and experienced market participants. It is not typical for him high speed making a decision and opening deals, as in scalping, and a long waiting time for closing a position, as in the case of medium-term and long-term trading. The lifespan of one order ranges from several minutes to several hours, but the main condition for intraday trading is to close absolutely all positions by the end of the current trading day or within a day from the moment of opening.

What precautions should you follow when trading intraday? What methods have proven effective in day trading? If you are not attracted to complex decisions and are interested in intraday Forex trading, simple strategies are exactly what you should consider. Let's consider examples of trading systems that even a beginner in Forex can understand.

Breakout of the morning flat

As you know, the lowest volatility in the Forex market is observed mainly in the Asian session. The prices of most currency pairs move in a narrow corridor that does not exceed 30-40 points. The release of important fundamental data that can activate the market falls on the time from 9 am to 6 pm. The main movement of the day begins during this period.

The "Breakout of the morning flat" strategy involves finding a suitable financial instrument, whose range of movement from the opening of the day to the close of the candle at 8 am does not exceed 50, and preferably 40 points. Beyond the boundaries of this price corridor, it is necessary to place pending orders for its breakout. The narrower the morning range, the more likely a strong unidirectional movement is.

After one of the orders is opened, it is necessary to set a stop loss outside the opposite border higher or lower (depending on which direction the deal will be opened in) by 15 points. This is a conditional figure, and it is used as a filter so that the position is not closed by stop loss due to market noise.

An example of how the strategy works is shown in the figure below. The red rectangles mark the morning flat ranges, which serve as a starting point for entering the market.

The size of the take profit is usually equal to the width of the flat, except for cases when the morning range was too narrow and did not exceed 20 points. In this case, the chances of a strong trend movement increase, so it is more advisable to use a trailing stop. An open position must be closed by the end of the day, regardless of the result. If you like this approach, as well as intraday trading in Forex in general, simple strategies can be as profitable as complex algorithms.

Intraday trading strategy "Alligator + Fractals"

The following trading system involves the use of two indicators by Bill Williams - the Alligator and fractals. Both of them are in the standard set of the MetaTrader 4 terminal. Globally, the strategy refers to intraday ones, because the usual order life does not exceed 24 hours. Nevertheless, trading signals appear at different times, therefore, positions are not always closed by the end of the trading day, but always closed during the day.

Alligator and Fractal Strategy very simple. It is based on the price breaking through all Alligator lines and the formation of two fractals after that. The first is formed after the price goes beyond the indicator. The second is when the price returns to the Alligator lines to retest. It is necessary to open a deal after the formation of the second fractal at the level of the first, taking into account the filter that cuts market noise(5-10 points). You can see an example in the picture below.

The price point at which the retesting fractal is located acts as a stop loss. Take profit is equal to the stop value.

Attention! An important condition for opening an order is that the price does not cross the Alligator lines in the opposite direction. In the figure, after the retest, the pair was trading at the level of the Alligator's teeth and lips.

Intraday trading strategy on the daily chart

Usually systems for intraday trading assume work on an hourly chart and below. Next intraday trading strategy is an exception to the rule, since for its implementation it is necessary to follow the daily timeframe. First, you need to put two indicators on the working chart of a currency pair - a moving average (Simple with a period of 5) and a standard RSI with a level of 50.

To open a deal, you need to wait until the price breaks the average up or down and continues to move in the same direction by at least 15-20 points. In this case, to make a purchase, it is necessary that the price breaks the SMA 5 upwards, and the RSI line is above the level 50. For sales, the conditions are opposite - the price breaks the Moving Average downwards and the position RSI indicator below line 50. An example of an entry can be seen in the figure below.

You need to close the deal at the end of the trading day. Usually, after breaking the moving average, the candlestick closes in the direction of the breakout. Stop-loss can be placed either outside the opening price of the day, or behind the nearest local extremum on the H4 timeframe. It is undesirable to hold losing positions until the next day, since this can only aggravate the situation on the deal, and if by the end of the day you can close the order with minimal losses, the next day it will close by stop loss.

Trading systems "Intraday" suitable for traders who do not like the long expectations that accompany medium and long-term trading. If a trader commits reckless actions while holding a position at long distances, intraday Forex trading is also suitable for him, the simple strategies you read about above.

Despite the many advantages, intraday trading still has a small disadvantage. The trader is forced to spend most of his time at the monitor, analyzing the market and accompanying open transactions. However, if trading on Forex brings you moral and material satisfaction, this nuance can be considered an advantage.

The advantage of intraday trading is the ability to collect the maximum possible number of points that the price of market assets passes during the day, as well as the absence of nervous tension that occurs when holding an open position for several days. However, when trading intraday, it is almost impossible to use fundamental analysis, therefore, indicators are the main tool used for forecasting. In this article, we will look at a number of tools that are used by traders during intraday trading.

Who moves the price within the day

With all the variety of signals that are used to determine the right moment to enter the market and open a position, the signals of fundamental analysis have the greatest weight. Understanding economic factors that force market price an asset to change direction and form trends, allows you to most accurately predict the price behavior in the near future. However, this applies to a greater extent to medium-term trading, when deals are opened with a target of several hundred points.

But economic, political and social factors- this is not all that moves the market price in the short term. It is known that in the Forex market, as, indeed, in all financial markets, the bulk of the participants are speculators. Who, in fact, do not care where will go price, and for which volatility and the presence of a trend are more important than direction.

Therefore, a number of players, as a rule, players with large capital, push the price in the right direction in order to then fix the profit at the maximum of the movement. Subsequently, the price may change direction in accordance with fundamental factors, however, within the day the price depends to a greater extent on the actions of speculators, so it makes no sense to focus on fundamental indicators when trading intraday.

Tools

There are programs in the trading platform, which the broker offers to its clients to conduct transactions, and, moreover, they are in almost every platform. In addition to those available within the platform, a trader can use third-party software tools (provided that they are adapted for use on a particular platform).

However, it must be said that the range of programs that are "sewn" into trading terminal default may be sufficient for successful trading within the day. Depending on the algorithms by which the programs calculate price changes, they can show the trading volumes (the number of contracts or the volumes of transactions), the direction and strength of the current trend, the overbought (oversold) value of the asset.

What they can't

All software solutions for monitoring the currency market are usually divided into leading and lagging, but it is necessary to clarify that any program can operate on data for past periods and only determines the likelihood of events developing. The program cannot give an absolutely accurate signal, since it cannot work with data about events in the future (such data cannot be obtained), therefore, price changes can occur according to a different scenario. For example, the price may turn sharply in the opposite direction to the signals, because an economically important event occurred during the day, to which the market reacted in a very natural way.

Free software

A beginner who has chosen intraday trading for himself should first familiarize himself with the work of the solutions offered by the trading platform. Start your study by purchasing expensive software products doesn't make sense.

Firstly, both already known products and new ones use similar algorithms based on deriving the average price level from the available statistics.

Thirdly, for successful trading, it is not the programs themselves that are important, but the presence of a profitable strategy based on them, therefore, as already noted, the solutions that are offered within the framework of trading platform.

Moving Average

Moving Average is one of the more popular products. Graphically, it is displayed as a line repeating in a certain way the price chart. For intraday trading, the same signal with different periods is used (that is, several lines are displayed on the price chart).

Crossing the lines can serve as a signal to open a position, there is a huge variety of combinations of periods, an arbitrary number of Moving Average can be used on one chart. It should be said that it is recommended to select the value of the periods separately for each currency pair, depending on the volatility and nature of price movements.

MACD

Also included in the basic set of the trading platform. Used for intraday divergence trading. Divergence means divergence in the directions of movement on the price chart and on the chart. When a divergence is found, the trader opens a trade in the direction the program is pointing to. The operating algorithms of this product are the same as those used in Moving Average.

Basically, MACD is just a ready-made set of several MAs with different periods. However, a properly tuned instrument can provide reasonably accurate signals, predicting an intraday trend reversal or a good pullback against the direction of the dominant trend.

OsMA (Moving Average of Oscillator)

It is "leading", predicts reversals quite well and is an invaluable assistant to the divergence trader. Helps to filter MACD signals, which allows you to exclude the opening of positions on false signals. Oscillator signals are interpreted as follows - when the zero level is broken from top to bottom, and a downward movement is observed, this is a signal to sell. If the zero level is crossed from the bottom up (accordingly, the movement is upward), then it is worth considering the possibility of buying.

RSI (Relative Strength Index)

It is also included in the basic set and is very popular among intraday people, since it clearly enough speaks about the strength of the current trend. So, if the main line is in the overbought or oversold zone (above the 70 level or below the 30 level), this indicates that a trend, that is, a directional movement in the market is present.

Accordingly, it is possible to open positions within the day, since these positions are likely to “work out” and bring profit. Further, if the overbought level is broken from top to bottom, this is a signal to sell, and if the oversold level is crossed from bottom to top, then this is a signal to buy.

Momentum

Thanks to a simple algorithm, it generates accurate signals for opening positions within the day. Momentum calculates the difference between the actual price this moment and the closing price at a certain moment (period). The product needs to be adapted for each currency pair traded, and the signals are as follows:

• Overbought-oversold zones, in order to get extreme values, you need to compare the price value with previous peaks. Works equally well on all timeframes;
• Acceleration in either direction may mean the beginning of a strong movement (trend formation). A slowdown in movement, on the other hand, may indicate the need to close a position (or insure with a stop loss);
• If a maximum has formed on the price chart, but this is not observed on the chart, this may mean a quick trend reversal.

Paid programs

Intraday trading requires a special approach, so new indicators appear that are adapted to intraday trading. The advantage of paid solutions is more advanced mechanisms that can filter out market noise and the occurrence of false signals... This makes the task easier for the trader, but does not provide an opportunity to replace the experience of making deals with the use of the program. In other words, professional products are useful tools for an experienced trader, but may not be useful for a beginner.

Designed for use on the lowest timeframes, works well on M5 and M14, in addition, it is multicurrency and can be used for any currency pair. Visually, the tool looks like vertical lines (a separate chart), the color of the lines indicates the direction of movement. The blue color of the lines indicates the prevalence of an uptrend, the red lines indicate a downtrend, and the yellow color means a sideways movement.

A fairly popular instrument for intraday trading, it is used mainly on the GBP / USD and EUR / USD pairs, the optimal timeframe is М15. Defines local zones and sets levels where a trader can place Sell Stop and Buy Stop orders, as well as levels for setting limits (Stop Loss).

Many traders consider this product to be one of the most successful and suitable for catching small movements that occur during the day.

The tool is designed to work on lower timeframes and is implemented as a line that moves parallel to the price chart. When the trend direction changes, the line changes color, becoming yellow during an upward movement, and red - during a downtrend. The disadvantage is the presence of false signals when volatility decreases, so it is better not to use the tool during a flat.

A good instrument for intraday trading, the optimal timeframe is M15, but it can be used on M5. The program not only determines the moment to enter the market, but also indicates at what point to place a pending order, where to set Stop Loss and Take Profit. All data is displayed on small plates, such an implementation allows a trader to use several programs at the same time, so that the use of one tool does not interfere with the use of other solutions.

It generates buy or sell signals based on the indicators of several signals at once, using moving averages, Ichimoku, as well as Fibonacci levels.

It is graphically executed in the form of a table with multi-colored squares, each color means the direction of the trend on a certain timeframe (from M1 to W1). The coincidence of signals of the same color can be perceived as a recommendation to open a position.

Hello friends. Viktor Samoilov with you. Tell me, what do you need from a trading strategy, what should it be? For professionals, profitability certainly comes first, but for a beginner, the most important thing is simplicity, because you can't make money using a system that you don't understand. That is why this time I will describe not a simple, but the simplest trading strategy for short-term and intraday trading called "Four Time". It is not based on any indicator, you just need to find several candles on the chart and place Stop Loss and Take Profit correctly.

Because Our strategy is intraday, we will work on H1 timeframes and below, as well as close all open positions during the day, without leaving them overnight. Next, a step-by-step algorithm will be given, with the help of which you can start trading right now.

For beginners only!

Trading strategy for short-term and intraday trading "Four Time" is intended exclusively for novice traders and is not able to bring more than 50% of the initial deposit per month. For a beginner, this figure is quite acceptable, because he is unlikely to be able to earn more, but as soon as you gain experience and are ready to learn more complex and profitable algorithms, you need to switch to them and earn more than 100% per month. My recommended scalping options (short-term trading) are TS and TS.

How do I set up a terminal?

To work, we will need 4 charts of the same currency quote, but different timeframes. To do everything right, follow the instructions:

1. We need to open 4 charts of any asset, for example, EUR / USD, through File - New Chart - EUR / USD. After that, we place 4 graphics on the screen at the same time, as shown in the figure (the principle is the same as with ordinary Windows windows).

1. We set our own timeframe for each chart. We need charts М5, М15, М30 and Н1.

1. Enlarging the charts so that we can easily distinguish each candlestick.

As soon as you complete all the steps, you are ready to go. Start studying the trading algorithm directly.

How to trade the "Four Time" short-term and intraday trading strategy?

The essence of trading is to find a candle with the same closing time on four charts. If all these 4 candles have the same direction (up or down), we enter the market in this direction. So, here is the algorithm for your actions:

Step 1! We are looking for a signal to enter the market. To do this, do the following:

1. We are waiting for the candle to close on the H1 timeframe. If you don't know, on this chart the candles are closed every hour, that's why it is hourly. As soon as the candlestick has closed, we remember its direction and move on to the next item.

1. We look at the M30 chart and look for a candlestick on it, which closed simultaneously with the hourly one. When you move the cursor or the Crosshair tool over a candle, you can see the time of its opening. To find out the closing time, it is enough to add the timeframe to the opening. In the case of the M30, this is 30 minutes, with the M15, 15 minutes, etc. If the candle you found is of the same color as the candle on H1, go to the next item.

1. We analyze the M15 chart in the same way. If the candle we need has the same direction as the first two, go to the next item.

1. We do the same on the M5 chart.

Please note: if you manage to carry out the analysis within 5 minutes after the close of the hourly candle, which is quite simple to do, then the candles you need for analysis will be the penultimate ones on each of the charts. Thus, you can assess the situation in just a few seconds, even if you are a beginner.

Let me give you an example. At 12:00 your terminal time, an hourly candlestick with a bullish direction (up) closed. You go to the M30 chart and look for a candle there that opened at 11:30, respectively, its closing time is 12:00. It also has a bullish direction. Go to the fifteen-minute chart and look for a candle there, which opened at 11:45, which will be directed upwards. Now all that remains is to find a candlestick on the M5 timeframe, released at 11:55. If it is also bullish, open a buy order.

Step 3! We exit the market, in addition to the case when TakeProfit is touched, in the following situations:

1. On the hourly timeframe, the opposite candlestick to your order was closed, and the signal was confirmed by at least one of the three charts, as shown in the figure below.

1. The strategy gave the opposite signal. In this case, unlike the first one, we not only close the old order, but also open a new one, in the opposite direction.

1. All positions must be closed at 22:00 Moscow time (20:00 GMT), or earlier when you go to bed, regardless of whether the position is in profit or loss.

Some subtleties of the vehicle!

To work with a trading strategy for short-term and intraday trading "Four Time" with the greatest effect, it is recommended to remember and follow the following rules:

1. Trade only during the European and American trading sessions. Otherwise, the market movement may be so insignificant that it will not block the size of the spread.

1. Do not trade during important news releases for countries whose currencies are quoted. The news release schedule can be found at.

1. As soon as the price has passed in your direction half of the way to TakeProfit, move StopLoss to breakeven, i.e. to the level at which you opened the deal.

Strategy testing!

I have been trading the strategy for 2 weeks with a broker. There were no difficulties, the signals are clear, if you place your Stops correctly and exit the market on time, you can earn quite stably. True, trading is not for me, it is intended more for beginners, and you yourself will become uninteresting as soon as you gain experience. Nevertheless, you can trade for a month or two on the "Four Time" TS, and at the same time make good money, as for a beginner. Personally, I managed to earn about 25% of my deposit in 2 weeks.

To the end!

So today was described trading strategy for short-term and intraday trading called "Four Time". It is perfect for beginners who want to protect themselves as much as possible from all kinds of risks, mistakes and psychological pressure of the market. The average profitability of the TS is 30-50% per month, the accuracy is 8 correct signals out of 10.

All success and great profit!

Yours sincerely, Victor Samoilov!

What are the most profitable forex strategies? Which trading system is Forex market to choose a beginner? What is the secret of successful Forex trading by professional traders?

Hello dear friends! Alexander Berezhnov with you.

This article is dedicated to trading strategies for foreign exchange market Forex. I myself have traded on FOREX for more than 3 years and in practice I was convinced how important it is to follow a well-defined strategy.

This article will help you understand the myriad of strategies that the Internet is replete with right now. I will describe the most popular of them and help you choose the best one, taking into account your individual psychotype of personality.

Are you ready for successful trading? Let's go then!

1. What are forex strategies and what are they for?

Imagine that you are entering a dark and unfamiliar room. Failure to turn on the light can lead to bumping, falling, bumping, or breaking anything. If you turn on the light, you can safely go around all the objects and get to the right place.

Forex strategy in this context is light. Applying it, we illuminate and "see" the market, predicting its movement.

Without a strategy, we are in complete darkness, make mistakes, lose money and see no further way. Now think about which is more profitable: stay in the dark or turn on the light? What is strategy?

Strategy is a developed system of rules that a trader must strictly follow when trying to increase his money in the foreign exchange market.

It allows you to confidently enter and exit the transaction, and not randomly open and close, ultimately losing all the capital on the deposit.

The strategy is like a traffic light: you always know that you open a trade on green, you expect a trade on yellow, and you are out of the market on red, without even considering entry options.

Believe me, having a decent real deposit, the most difficult thing is to open a deal. The strategy immediately saves you from these hard thoughts: you just enter the market when you see a certain situation (signals). But what are these rules to open?

The rules for opening deals can be as follows:

• intersection of indicators set on the chart;
• the achievement of certain levels by the price;
• candle shape or candlestick combination;
• formation of familiar patterns (figures) by the graph and much more.

You can follow someone else's Forex strategy, you can combine them with each other, you can develop your own, based on many others. The main thing is its presence.

Testing of a trading strategy in the foreign exchange market is carried out exclusively on a demo account. Testing period: at least six months.

If in six months the strategy shows results that are suitable for you, you can use it on a real account.

Now some thoughts. If you don't have a strategy, then the number of losing and winning trades should be equal, right? But in practice, it turns out that haphazard trading catastrophically quickly leads to the zeroing of the account.

Paradox

If you purposefully try to drain the deposit, then you will do little: it will decrease extremely slowly. But why is this happening?

The secret is simple: fixing small profits and large losses; buying where you need to sell and selling where you need to buy.

What is the conclusion? It should be as easy to trade profitably as it is to “drain” - you just have to follow the rules. If you are not yet experienced enough, then take your time. Before going directly to strategies, read the article.

It's easy to search for a market entry according to specific rules, but 90% of traders for some reason neglect to follow their strategy, leaving the market forever and losing the opportunity to be successful. I hope you want to enter the 10% of successful traders? - then let's go further.

2. What determines the choice of Forex strategy - 3 main criteria

So, you are aiming to apply a strategy. But even profitable Forex strategies exist huge multitude... How to choose the right one for you?

Imagine you need to buy a TV. You know what it is and what you want. Where will you go to shop? That's right, to a store that sells consumer electronics.

But when you come to the store, you will find many models of TVs. Your task is to choose.

The TV you choose will be as good as any other model left in the store. It's just that it will be the TV with which you are most comfortable.

Do you think things are different in the Forex market? No, everything is exactly the same as in the example with the TV. We know that we need the most profitable strategy Forex, and now our task is to make a choice from the proposed options. And this choice will be no worse. It just will be the strategy that interests you.

You just don't need to buy it - I have already prepared the most effective of them for you in this article.

There are only three criteria for selecting Forex strategies:

1. Duration of holding open positions.
2. Market analysis approach.
3. Method for analyzing graphs.

Now more about each.

Criterion 1. Duration of holding open positions

Someone loves a marathon, and someone - a sprint. It's the same with strategies.

In accordance with this criterion, the following are distinguished:

• short-term;
• medium-term;
• long-term.

Below, I will tell you more about each type of strategy.:

1. Short term. Suitable for experienced traders. Aggressive trading is assumed: about 100 trades can be opened per day. This also includes scalping and intraday.
   • Scalping- suitable for traders with little capital. An open position can be held from 5 seconds to half an hour. Up to 200 trades can be opened per day. But more doesn't mean better. Scalping is considered one of the most difficult approaches to trading among traders. Scalping strategies in Forex are used regardless of the direction of the price (short or long).
   • Intraday is intraday trading. The trade opens and closes during the day. Such strategies are simple, straightforward, suitable for all traders. Several trades can be opened per day for different currency pairs. Typically, this approach opens from 2 to 5 trades.
2. Medium term. It will not do without knowledge of technical analysis. An open position can be held from 1 to 45 days.
3. Long term. Such Forex strategies are suitable for both beginners and experienced traders. An open position is held for up to a couple of months, which allows you to monitor the market in a calm mode and not worry about the current state of an open deal. You don't need to sit at the monitor all the time, just open the chart once a day. If the forecast is correct, the profit is significant (up to several thousand points).

Criterion 2. Approach to market analysis (fundamental and technical)

To predict the direction of the price with the greatest probability, you need to know about the fundamental and technical analysis... Someone naively believes that only one type of analysis can be mastered. Unfortunately, the market does not tolerate amateurishness. Do you want profit? Comprehend everything.

Fundamental analysis Is a forecast of price behavior based on news and the general economic situation in the world.

Why analyze news? It is the release of some important news that can lead to a sharp change in trend and price reversal, which you may not be ready for.

By importance, news is divided into 3 types:

• insignificant;
• important;
• The most important.

The basic rule of experienced traders is not to trade when important news comes out! Why? Because your stop orders (stop loss and take profit) will be triggered with almost 100% probability. The best way out is to close the position before the news comes out.

Technical analysis Is an approach to market analysis using price chart analysis.

This forecast is based on past market movements. The indicators, the price chart itself and its elements: candlestick patterns (bars) act as analysis tools.

Technical analysis is well suited for short-term trading in a non-aggressive market.

Criterion 3. Method of analysis of charts (figured, indicator, candlestick)

Technical analysis comes down to three main methods of forecasting:

1. By figures.
2. By indicators.
3. By the candles.

Figured Analysis assumes visual detection of a figure (pattern) on a price chart and a clear knowledge of where the price will go next. The direction of the price is determined by exact rules that the trader must know.

There are two groups of well-established chart patterns (patterns): price reversal patterns and continuation patterns of the current trend.

Reversal patterns include:

• triple base;
• double base;
• double top;
• double base;
• head and shoulders;
• inverted head and shoulders;
• diamond.

The trend continuation patterns include:

• rectangle;
• pennant;
• flag;
• wedge;
• triangle.

Example. You have spotted a double top on the chart. This means that the price tried to break through the level twice, but failed. You just have to look for an entry point to sell.

Indicator analysis involves the installation of various technical indicators on the chart, which will give signals to buy or sell. An abundance of indicators may not bring profit, so you need to choose several that are suitable and understandable for you.

Experienced traders usually use no more than 2-3 indicators at the same time.

In total, there are two groups of indicators:

• oscillators;
• trendy.

Oscillators usually indicate a possible trend reversal and work great in a flat *.

Flat(from the word "flat") - this is a situation in the market when the price is in the corridor and does not have a pronounced direction.

Trend indicators follow the trend and work great when it is in the market.

But even the most famous and accurate market indicators are not the golden grail.

Remember two important rules:

1. You will get the maximum profit when several indicators give you the same signals.
2. No technical indicator can take into account the behavior of the market when important news is released!

Example

The Stochastic Oscillator is in the oversold zone. This means that it is impossible to sell more, we are considering only the purchase option.

Candlestick analysis involves the study of all familiar Japanese candlestick combinations in order to determine a trend change or its continuation. Perhaps, candlestick analysis is the simplest and most straightforward.

Japanese candlesticks is a display of a chart in the form of rectangles, the body of which is painted in different colors depending on the type of candlestick. If the candlestick is dark, then the opening price is higher than the closing price. If the candlestick is not colored, then the opening price is lower than the closing price.

Using candlestick patterns, you can predict the continuation or reversal of the trend. See the picture below for an example.

There are bullish candles (their closing price is higher than the opening price) and bearish candles (the closing price is lower than the opening price).

Looking at the Japanese candlestick, one can immediately determine the market sentiment: in a given time frame (timeframe), buyers or sellers prevail.

Trading with Japanese candlesticks is convenient - you only need to find a familiar combination.

for instance

We see a "Shooting Star" - a candle with a very small body, a long upper shadow and a small lower shadow. This candle immediately tells us what to sell.

Simple, isn't it?

3. How to choose the right strategy - 3 easy steps

I will say right away: the best Forex strategy is the one that is right for you.

I have been looking for my Forex strategy for about a year. At first, I practiced trading on simple and understandable strategies, gradually adding something of my own to them. This is how my strategy turned out.

Just pick and mix the ones that already work.

To choose your strategy, you will need:

• determine your psychological type;
• realistically assess your professional level;
• set how much time you will spend on trading.

Now about each item in more detail.

Step 1. Determine your psychotype (comparison table)

So let's find out who you are?

Let's move on to the next step.

Step 2. Assess your professional level

It is clear that you cannot do without reading several books. Trading Forex without any knowledge is simply useless!

• Nassim Taleb - "Black Swan".
• Edwin Lefebvre - "Memoirs of a Stock Market Speculator".
• Eriy Nyman - Small Trader's Encyclopedia.
• Alexander Elder - "Trading with Dr. Elder".

These Forex books will help you understand the essence of the stock market game, risks and profitable strategies.

Step 3. Determine how much time you can devote to trading

Forex trading is available to everyone: from housewives to businessmen. It is possible to make money by devoting at least 1 minute a day, at least the whole day. There is no time limit.

For more productive and successful trading, arrange yourself a “no-trade day”. This means that on this day you don’t think about Forex at all, you don’t read thematic forums, books, you don’t talk about exchanges with your friends.

4. The best Forex strategies (FOREX) - an overview of the TOP 15 most profitable

So we got to the most long-awaited and "tasty" section. Here we will consider directly the strategies themselves with a detailed and understandable description of them.

Simple strategies for novice traders

These trading strategies are suitable for short-term and intraday trading.

Strategy 1. Moving averages

This Forex strategy is suitable for any currency pair. We will work on 2 timeframes:

• Weekly (W1).
• Four o'clock (H4).

The weekly chart is needed to determine the trend, and the four-hour chart is needed to open positions and find entry points.

On W1, set two moving averages: exponential (EMA) and simple (SMA). We take EMA with a period of 21, SMA with a period of 5. If the price chart is above two moving averages, then the trend is upward, and vice versa.

On H4, set two simple moving averages with a period of 55 and 7.

Rules. If we observe a downtrend on W1, then on H4 we consider only sales and ignore purchases.

There are two options for entering the market.:

1. First option. When the lines cross from top to bottom, place a pending buy order exactly at the level of the moving average with a period of 55. If the level has moved, move the pending order as well. We are waiting for the price to open it. Stop losses are set at previous local extremes (minimums and maximums).
2. Second option. We are waiting for the intersection of the averages from bottom to top, and the candlestick closes above this intersection point. Now we open a buy order at the market. Set the stop losses as in the previous version.

How to set take profit? Pull from the 55 Fibonacci retracement moving average. In the settings, set only the following levels: 144, 233, 377, -144, -233, -377.

If we see a buy signal, open three deals (all have the same lot). The profit will be located, respectively, on all these three Fibonacci lines. Do not forget to move the trade to breakeven (drag stop-loss).

Strategy 2. Three candles

This trading strategy is suitable for scalping. The trading timeframe is М1. Any currency pair will do.

Rules. We are waiting for the formation of two candles going in the same direction. Better that they were without long shadows. After the third appears, we open. We use the Stochastic Oscillator (Stochastic) as an additional signal to enter.

For example, if three candles are going up and the indicator is pointing to a downtrend, then the trade is not executed. The signal to buy will be when the Stochastic is in the oversold zone.

Strategy 3. London session

This is perhaps the most simple strategy in Forex. The trading timeframe is M30. Trading time - London session, which starts at 10 am Moscow time. Best suited for a pair that has GBP. For example, for the popular currency pair GBP / CHF (British Pound / Swiss Franc).

Rules. Entry to the market is daily, but one-time. The closed first candle will be a signal to open in one direction or another. We place a pending buy order at its maximum, and a sell order at its minimum.

The stop loss is placed at the high or low of the same candlestick, depending on which order was opened: buy or sell. After the order is opened and the price passes 15 points, we set a breakeven.

We do not delete the second pending order. If the price reverses, you will still make money. In this strategy, you will either be in the black or go to zero. Thus, this Forex strategy is break even.

If important news comes out on this day, we do not trade!

Scalping strategies for short-term and intraday trading

Scalping offers large profits in a very short period of time. They also associate with him very big risks... If you are sure that you do not want to wait, but want to make money now, then this trading method is for you.

The technique is very simple and effective at the same time. Marat reviews the markets on a daily basis, which can be found on the broker's website in the "Training" section.

Strategy 4. Simple

Those who like to take risks will love the 1 minute scalping strategy. To work, we take the GBP / JPY pair and set the indicator on the price chart BollingerBands(Bollinger Bands) with parameters:

• period 50, Deviation 2 (red line).
• period 50, Deviation 3 (orange line).
• period 50, Deviation 4 (yellow line).

Rules. The optimal trading time is between the opening of the London session and the close of the Japanese session. Also, you cannot trade on the flat market during news releases.

Consider purchasing. We open when the price is between the orange and red lower lines. Stop loss is set depending on your personal percentage of losses in one trade. Usually this is no more than 3%.

The sale is carried out in the same way if a mirror situation is observed.

Strategy 5. Quick profits

"Quick Profit" allows you to use scalping in Forex effectively, while remaining a simple strategy. Suitable for any currency pair.

We will work on a 1-minute timeframe, setting exponential moving averages (EMA), Parabolic SAR and MACD for analysis. Take EMA with periods of 25, 50 and 100. Take the other two indicators with standard parameters.

Rules. The best time to collect profits is the opening of trades in London and New York. We open a buy or sell deal when the price crosses all EMAs. Parabolic SAR and MACD will serve as filters.

If the price is going to cross all the EMAs from the bottom up, the Parabolic SAR is below the price, and the MACD histogram is going up, then this is a sure sign of a buy.

Take profit is no more than 10 points, since the price can reverse in the opposite direction. As soon as the price moves away from the opened deal, transfer it to breakeven. Place your stop loss at previous local lows or highs.

Strategy 6. Outsiding

In order for the "Outsiding" trading strategy to work with a high probability of success, you must strictly follow all the points of the rules.

We work on М15 with the GBP / USD currency pair. You can try it on other instruments as well. Set the EMA with a period of 9 on the chart.

Rules. We consider only those candles that do not touch the moving average. An ideal candlestick is one whose minimum or maximum is located approximately 1 point from the indicator.

If we are considering buying, then the closing price of our signal candle should be higher than the previous high. Stop loss is placed below the minimum of the previous candlestick. We set the profit by the number of points of the previous candlestick. If the price has gone up sharply by 20 points, it is better to set a breakeven.

Trending strategies regardless of price direction

This group of strategies is aimed at detecting a trend and trading in its direction. They are not suitable for calm and lateral movement. But here it is possible to get a good profit.

Strategy 7. Juicer

This Forex strategy is suitable for the D1 interval. Currency pairs can be any.

Rules. Consider the conditions for opening a buy. We are looking for a combination of a candlestick with a black body (bearish candlestick) on the daily chart, followed by two white candles in a row.

Important!

The close of the second candle should be higher than the high of the previous white candle. If this condition is not met, wait for the next signal.

Place a pending buy order 5 points from the high of the second white candlestick. Stop loss is placed under the low of the same candlestick. It must be at least 45 points, but not more than 80 points. Take profit is set at 500 points.

If after 4 days the deal is in positive territory, set a breakeven. If the trade is in the red, close it at the market.

When you already have 200 pips of profit, place a trailing stop in 50 pips increments of 200 pips.

Strategy 8. Channels and envelopes

With this Forex trading strategy, we will work on H1 with the EUR / USD currency pair. You will need two indicators: Envelopes and BollingerBands.

Envelopes parameters: Period - 288; Shift - 1; MA - Exp method; Apply to - Close; Deviation - 0.15%.

BollingerBands parameters: Period - 24; Shift - 0; Deviations - 2; Apply to - Close.

Rules. Consider the conditions for opening a buy. We are waiting for the candlestick to cross the blue Envelopes line and close above it.

We open a buy position at the beginning of a new hour. Stop loss is placed on the lower red line. The size of the stop loss must not be more than 50 points!

When the price passes 40 points into the profit zone, we transfer the deal to breakeven. To obtain maximum profit, pull up your breakeven along the bottom line of the BollingerBands.

Strategy 9. Precise entry

This trading strategy is used by professional traders because it gives good signals and profits. Any currency pair for trading can be.

The search for signals will be performed on two timeframes: H1 and M15. Set PivotWeekly, ParabolicSAR on the chart (step - 0.02, maximum - 0.2) and three EMAs with periods of 7, 14, 21. Set the moving averages on M15 to find a more accurate entry.

Rules. Let's consider an example of a purchase. Open the hourly chart and look at the Pivot levels. We are waiting for the price to come to a certain level and bounce off it.

There should be no more than 1-2 candles! When a candlestick or two candles bounced and closed below the level, go to the M15 chart.

We are waiting for the fastest moving average with a period of 7 to cross the other two averages upwards. Now we enter the market.

We set the stop loss at the nearest minimum, but we will not set the take profit. It is better to close deals at the next pivot reversal level. When the price goes into profit, you can move the stop loss to breakeven, and then move it down every hour.

Breakout strategies without indicators

Forex non-indicator trading strategies are the easiest to understand and trade. They take into account important support and resistance levels that the price seeks and bounces off.

Strategy 10. Sniper

The Forex Sniper strategy is based on working with levels. The working timeframe is M5 or M15. Any currency pair can be traded.

Rules. An order is opened only upon rebound or breakout of the level. New orders are not opened 20 minutes before the release of important news. You cannot gain more than 40 points in one day. If 40 points have already been accumulated, trading stops.

There are three options for entering:

1. We open after a breakout, price fixing at an impulse level or a pullback.
2. We open after a false breakout, when a rollback to an impulse level occurs.
3. We open when the price exits the trading channel.

We enter with two orders of equal lots. The first order has a take profit of 15 points. For the second order, take profit is set at the nearest total impulse level. In simple terms, it is a support or resistance level.

When 15 points are taken, we close one order. You can set a breakeven on the second order.

Strategy 11. It couldn't be easier

This Forex trading strategy is for daily charts. Most suitable currency pairs: GBP / USD, USD / CHF, NZD / USD, AUD / USD, USD / JPY, EUR / USD, USD / CAD.

Rules. Consider a purchase example. We are looking for a specific candle on the daily chart: it should form a local maximum, have a long tail and a small body of any color on top.

We carry out horizontal line to the maximum of the candle. Next, we expect any subsequent candlestick to break this horizontal line by more than 10 points and close above our line. We place a pending order 5 points higher from the maximum of the formed candlestick that suits us.

Take profit is set at 100 points, and stop loss is set at 50.

If after the opening 3 days have passed, and the price has not reached the target, the transaction is transferred to breakeven.

When the movement is clearly lateral, you cannot look for entry points!

Strategy 12. Ingenious

Forex Strategy "Ingenious" works on GBP / USD.

Rules. Open the daily chart and look at the number of points that the price has passed. If it is 140 points in one direction, then this is already a signal to open a position soon. This unidirectional movement occurs about 7 times a month.

Stop loss is set at 60 points from the entry. Exit the market at 100 pips or at 11:30 (GMT) the next day. To be sure, set the minimum trailing stop at 50 pips.

Strategies based on patterns and candlestick analysis

Figures and candles are classics of Forex. They are easy to find on the chart and it is easy to determine in which direction the price will move. Having accurately identified the desired pattern, you are most likely to receive your profit.

Strategy 13. Pattern D

This Forex trading strategy is stable and classic, based on the "Double Top" and "Double Bottom" patterns. We work on the H4 timeframe with the EUR / USD currency pair. For help, we will use the SMA, EMA and MACD indicators.

• Parameters for MACD: LowEMA = 13, FastEMA = 5.
• Parameters for SMA: period 89.
• Parameters for EMA: 365, 21, 7.

Rules. Consider purchasing. To generate a signal, you need to find two minima. The second low should be slightly higher than the first. Both tops must be below the level - 0.0045 on the MACD-histogram. The stop loss is 10 pips below the second low.

We divide your usual lot that you trade into 3 transactions. For the first 30% of the position of the total lot, we fix the take profit above the line of the 21-period EMA.

For the second 50% of the position from the total lot, the take profit is located between the price reaching 89 and the 365-period EMA. The third 20% position of the total lot is closed when there is a strong resistance level nearby.

Strategy 14. Profitable Wedge

This intraday strategy is simple. It can be used on any timeframe and can be traded on any currency pair.

Rules. First, we build important support and resistance lines. Now you can search for the "Wedge" pattern on the chart. But this pattern can indicate both a continuation and a price reversal.

Consider a purchase example. After the Wedge is found, we place a stop loss 20 pips below the lowest side. Take profit is set equal to double the distance between the sides of the Wedge.

Exit the trade when reversal candlestick combinations appear, if the price has not reached the take profit.

Strategy 15. Key reversal

This is another Forex intraday trading strategy that shows amazing results in terms of profit. The work will be carried out on H4, and currency pair we take GBP / USD. To filter false signals, we will additionally install the Stochastic indicator. The parameters are as follows: 14, 3, 3.

Rules. Rules for opening a buy deal. We are looking for a downtrend. We are interested in a candle that forms a local minimum and has a closing price higher than the closing price of the previous candle. We look at the Stochastic: it should be in the oversold zone, that is, below level 20. The indicator signal line is below the main line, or touches it (merges).

We open a buy at the next candle, and set the stop loss below the local minimum. The take profit is set twice as much as the stop loss. When the price has gone into profit at a distance equal to the stop loss, set a breakeven + 10 more points.

If a deal fluctuates around zero for three days or is at a loss, then it should be closed at the market.

5. What trading systems do successful traders use?

Now I would like to say about successful traders and their certain "trading secrets".

Also, the gurus of stock trading and investment (George Soros, Alexander Gerchik, Alexander Elder, Larry Williams) give beginners the following advice regarding the rules for making transactions and developing a Forex strategy.

Top tips from the pros:

1. Any new Forex strategy doesn't have to be complicated. The simpler and clearer it is, the better.
2. The abundance of indicators is not directly proportional to the profit. It is better to use no more than 2-3 indicators at the same time.
3. A professional will never trade with the last money. He uses only those funds that he can afford to lose.
4. Trading without a stop loss is a surefire way to reset your account to zero quickly.
5. Apply the “1-2-3” method to your strategy: choose 1 currency pair and test it on 2 timeframes with a maximum of 3 indicators. If for 100 trades you are profitable, then the test is successful.
6. Always measure your earnings in points, not money.
7. Take a closer look at support and resistance levels. They can bring you very decent earnings.
8. Professionals never triple their trading accounts in a month - this is mythical and unrealistic data. Their lossless Forex trading strategies are aimed at slow growth of the deposit, and not at insane unnecessary risks. The maximum that a successful trader expects in a month is 10% with the most risky strategy.
9. If you are evaluating the possibility of entering the market for more than 3 seconds with scalping, you are missing out on profits. A lightning-fast assessment of the situation is a guarantee of profitable points on the account.
10. If the size of the stop loss is less than or equal to the take profit, such deals cannot be entered into. The size of the potential profit must be at least twice the loss.

6. Real success stories of famous traders in the world

At its core, the Forex market is ready business, which is available to everyone absolutely free of charge. The only thing that needs to be invested in it is time.

Now I would like to briefly introduce you to the biographies of people who have earned millions of dollars on Forex and thanks to their persistence in studying the market. Their names are known all over the world, they have a lot of money on their accounts, and their strategies are simple and straightforward.

Some of them, thanks to the exchange game, gained fortunes in the billions of dollars and now, with their success, these speculators inspire thousands of traders around the world.

1. Alexander Gerchik. Born in the USSR, graduated from the Food Industry Institute and immigrated to the United States. He worked as a taxi driver. The case brought him to a successful stock trader, whom Alexander Gerchik gave a lift to New York on Wall Street. This day changed his life. Gerchik became a successful trader and is now the managing partner of a large investment company, teaches exchange business to beginners.
2. George Soros. Successful trader, investor, financier. Born into a middle-income family, after 1970 he was actively involved in stock trading and became famous for his phenomenal earnings on the British pound. In this deal, Soros earned a billion dollars in 1 day! Later, the financier released his famous book, which he knew "The Alchemy of Finance". There he described his own Forex strategy, which helped him become one of the richest people planets.
3. Alexander Elder. He graduated from the Medical University and worked as a ship doctor. Then he became an editor in one of the journals on psychiatry. in the 1970s, Dr. Elder became acquainted with the opportunity to invest on the stock exchange and since then has expanded his professional activity towards trading on financial market... Now Alexander Elder is a world-famous expert in the field of exchange transactions. His book How to Play and Win on the Stock Exchange has become a worldwide bestseller and has been translated into 12 languages.

If you want to know more about Forex luminaries - watch online broadcasts and recordings of club days in. From my own experience, I was convinced that this is just a treasure house of the most valuable information.

7. Conclusion

Friends, I think after reading the article you are once again convinced that following a certain strategy in the Forex market is very important for profitable trading.