Latest Forex Trading Strategies

Trend Finder Forex Trading Strategy

The Trend Finder forex trading strategy can generate a good number of intraday forex signals and is able to determine changes in trend when the market is flat and trending equally. Chart Setup MetaTrader4 Indicators: TrendFinder.ex4 (default setting), TrendLinearReg.ex4 (default setting) Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, [...]

Continue reading»

MA Trend Forex Trading Strategy

Trading is an art and to be able to interpret the art of trading, one needs to get started with the right trading strategy. The MA Trend forex trading strategy can be adopted by beginners and advanced traders alike, all you need do is just apply the accompanying basic indicators. Let’s get started! Chart Setup MetaTrader4 Indicators: MA_in_Color.ex4 (default setti [...]

Continue reading»

Latest Forex Scalping Strategies

Ichi Forex Scalping Trading Strategy

The Ichi forex scalping trading strategy takes advantage of a unique blend of custom indicators in delivering a well-crafted forex scalping strategy that traders can rely upon. The building blocks of such a strategy take into account time and profitability, two vital components that scalpers have their eyes fixed on. Get ready as we explore this amazing strategy that is d [...]

Continue reading»

Doda Stochastic Forex Scalping Trading Strategy

The Doda Stochastic forex trading strategy is a scalping strategy that is designed to allow traders of scanning the market on the lower timeframe’s and earning tiny bits of profits on every trade. Tiny bits of profits can become a substantial amount of profits if sustained! This strategy will help you achieve just that and should be used on the 1-Minute, 5-Minute and 15 [...]

Continue reading»

Latest Scalping Trading Systems

Round Price Forex scalping Trading Strategy

The Round Price scalping strategy is a simplified scalping system that uses basic indicators in defining buy/sell forex signals as price moves along. It is an unsophisticated trading system that is devoid of complex entry rules or conditions. Chart Setup MetaTrader4 Indicators: RoundPrice-Ext.ex4 (default setting), SHI_SilverTrendSig.ex4 (default setting) Preferred [...]

Continue reading»

Fisher EMA Forex Trading Strategy

The Fisher EMA forex trading strategy is a strategy that combines the wit of the Exponential Moving Average (20) and that of the Fisher custom indicator in delivering scalping signals for market participants. The system can be easily deployed by newbies and advanced traders alike. Chart Setup MetaTrader4 Indicators: Fisher.ex4 (default setting), Exponential Moving Average [...]

Continue reading»

Latest FX Day Trading Strategies

60 Seconds Trades Forex Trading Strategy

The name 60 Seconds Trades forex trading strategy makes this sound as though it is designed for scalping. Nevertheless, it is a day trading system that is designed to allow you enter, manage and exit positions in the market within the trading day’s session. Chart Setup MetaTrader4 Indicators: SixtySecondTrades.ex4 (default setting), Slope Direction Line.ex4 (default [...]

Continue reading»

Arrows Forex Trading Strategy

The need to make consistent profits in the forex market is one that every trader out there dreams of and will certainly do anything to enjoy. Forex scalping is one such ways that can provide steady returns and I have developed the Arrows forex trading strategy to carefully meet such needs. The strategy takes into account basic indicators and can used on the 1-Minute, 5-Mi [...]

Continue reading»

Latest Price Action Strategies

R3/F3 Method Forex Trading Strategy

The R3/F3 method forex trading strategy is a continuation price action pattern that can be used to gauge if the swing/trend will be continuing in the same direction, thus offering traders increased chance of raking in more profits. Chart Setup MetaTrader4 Indicators: FX_Fish.ex4 (default setting), HAMA_.ex4 (default setting), FRAMA.ex4 (default setting) Preferred Time [...]

Continue reading»

3-Inside Up/Down Price Action Forex Trading Strategy

The 3 Inside Up/Down forex trading strategy is a trend reversal price action trading pattern that can be spotted at the top or bottom of bullish or bearish trend respective. Trading this price action alongside some custom indicator, does increase the chances of winning. The pattern is essentially a triple candlestick pattern as depicted in our examples below. Chart Setup [...]

Continue reading»

Latest Forex Indicators

Disparity Index Forex Indicator

The Disparity Index forex indicator for MetaTrader is a technical momentum that links market price to a time-specific moving average of the prices in the market. Chartist tend to use the disparity index as a tool to spot signals of trend strength and the likelihood of an impending exhaustion. Other traders and analysts deploy the Disparity Index as a tool for defining overso [...]

Continue reading»

Smoothed Hull Moving Average Forex Indicator

The oT_S_Ra-Signal_Line indicator for MetaTrader4 and was initially created by Allan Hull. The oT_S_Ra-Signal_Line indicator is essentially the Hull Moving Average or the HMA and it is used in spotting current market trend. The curve of the oT_S_Ra-Signal_Line indicator is significantly smoother. The oT_S_Ra-Signal_Line is built to follow the price activity much closer. Trad [...]

Continue reading»

What is a Forex Trading Strategy?

A forex strategy is a set of studies carried out by a trader to decide whether to buy or sell a currency pair at any particular instance.

A trading strategy can be centered on fundamental analysis, event risk or technical analysis charting tools. It is usually designed to provide series of alerts, which generates buy or sell decisions.

This implies that they can be designed by the trader or vendor, for a certain fee. A forex strategy can come in the form of a manual or automated trading system.

Manual Strategy

A manual trading strategy will involve a trader having an already set rule or condition that he’s required to adopt based on price/indicator pattern, while he sits in front of his computer to wait for such patterns to develop.

Many traders use techninal indicators to develop their manual systems.

The trader is required to make sense off the pattern by interpreting whether it is a buy or a sell alert.

Automated Strategy

An automated strategy, on the other hand, is an algorithm with set rules or conditions, which are subsequently molded into a software, better known as a forex robot (EA).

Most automated systems are designed for Metatrader 4 (MT4).

It that can be plugged onto your charts, thereby trading on your behalf – it is potent enough to initiate buy or sell orders for the trader.

In most cases, automated trading is said to eliminate the human side of psychology that greatly hampers smooth trading in a lot of traders.

Build Your Forex Trading Strategy

In order to build your strategy, you’ll be required to follow a well-planned route. Note that your ultimate survival in the FX market depends largely on how successful your trading strategy will become.

The absence of a reliable trading strategy will imply that you are at the mercy of the market or that you’re possibly chasing a breakout (which might possibly turn out to be a snare).

A trading strategy is designed to scan the market for the finest set-ups, which do not in any way promise profitability but are essentially openings with measured risk.

In order for you to build a trading strategy that ensures minimal risk while guaranteeing profitability, you should do the following:

  • Learn how to spot worthy trends when in an active market scenario
  • Empirically pinpoint what a profitable entry looks like on the activity chart
  • Determine your stop-loss and take-profit level via a well-defined risk management approach
  • Incorporate a time frame that best suits your lifestyle and trading preference

Having the right mental framework is very vital in the market, as this will help erase the notion that a vast majority of traders obviously fail at trading.

However, currency trading is a personal journey and you must own up to that responsibility.

Test Your Strategy On Demo First

It is imperative that you do not risk your hard earned money just yet. You might just blow up your account before you settle in.

Test your trading strategy on a demo account for a few month, see how to it responds to the varying market scenarios as they playout.

The longer you test your strategy, the better chance you stand in the market.

Trade With a Reputable Forex Brokerage Firm

Do not make a hasty decision when choosing a broker that you intend to pass your cash over to. The FX market has a massive pool of MT4 brokerage firms to pick from.

Each broker has its weaknesses and strengths, making a call to selection, an important one.

If you’re designing a short term strategy then you’ll obviously want to factor in bid/ask spreads and execution, while those gunning for a long term trading strategy need to take into consideration the swap” rates paid by brokers.

This is true if you wish to make money on the interest rate differentials between currencies. See our selection of the best FX brokers here.

Forward and Backward Test Your FX Strategy

We find a lot of currency traders that are comfortable with back testing their strategies. This essentially will reveal how well a strategy performed in the past.

This is a good step to take, howbeit, just because a strategy did well in the past does not guaranteed future profits.

This is so because when you backtest, you actual “curve fit” to a large extent.

Deploy Suitable Risk Management

It is wise to own a rock-hard risk-management strategy and also stick to it. For instance if you have it all planned to risk 2% of your equity on one trade, abide by this…

… and don’t adjust it upward just because you feel so sure about a trade you intend entering.

You might also want to avoid moving your stop loss when a trade is moving against you. You have it all planned, stick to it!

Types of Forex Trading Strategies

Take a look at the various types of strategies you can use to trade forex online. These include pattern strategies, fibonacci strategies, scalping strategies, swing strategies, trend strategies, counter-trend strategies,…

Price Action

If you own a trading strategy that relies on price action, it mean you rely purely on candlestick or chart patterns or a mixture of them both, along with technical indicators that define price action.

It is possible to trade currencies by just staring at price bars. This method is for all intents and purposes formed via the analysis of price movement, and it can adopt a wide range of timeframes.

Forex Scalping

A strategy that is designed to work on much lower timeframes i.e. 1-Minute and the 5-Minute timeframes, is a forex scalping trading strategy.

This type of Forex trading strategy are designed to scan the market for small profits on every trade entered, for instance 5 pips, 10 pips or maybe 15 pips profits.

What this strategy does is that it replicate such trades across the trading session, thereby yielding massive gains when added up.

News Trading

There’s also a strategy that relies on forex news for buy and sell signals. If you have a trading strategy that trades based on farm payroll or employment/unemployment or interest rates figures, then it means you are trading the news.

These news releases are issued by various agencies on set dates within each month. Caution needs to be taken when designing a strategy around economic news releases, considering its extreme volatile nature.

Basic/Simple Forex Trading Strategy

A trading strategy that deploys sets of rules that is easy to grasp and initiate when trading is known as a “Basic/Simple forex Trading Strategy.” Most such strategies follow the trend.

Other types of forex trading strategies includes the “Complex Trading Strategies,” where a lot more rules or conditions needs to be fulfilled or not before executing an order.

Such systems are devoid of numerous rules or conditions that will in most cases leave the trader confused. Only recommended for expert traders.

Download Forex Analyzer PRO For Free Today!

Brand New Forex System With Super Accurate And Fast Signals Generating Technology.

Forex Analyzer PRO generates buy and sell signals right on your chart with laser accuracy and NEVER REPAINTS!

  • Up To 200 Pips Every Day
  • Buy And Sell Forex Signals
  • Advanced Daily Range Detection
  • Email & Mobile Trading Alerts
  • No Repainting Or Lagging