Here’s another low risk trading strategy with very simple to follow trading rules.
The Laquerre indicator is a great filter for false signals.
I’ve tested this strategy thoroughly on the EUR/USD 1 hour charts and it is profitable in the long run.
You can test this strategy on other currency pairs as well if you like this style of low risk trading.
Trading Tools & Settings
Indicators: Sidus v.2, Laquerre with settings (gamma: 0.66)
Time frame(s): 1 Hour
Trading sessions: Any
Currency pairs: EUR/USD
EUR/USD Hourly Chart Example
Buy Trade Rules:
- Sidus up arrow appears on the chart
- Laquerre above 0.15 from below
Set the stop loss under the most recent swing low. The maximum SL is 50 pips. Set the take profit to 75 pips.
Sell Trade Rules
- Sidus down arrow appears on the charts
- Laquerre below 0.75 from above
Set the stop loss above the most recent swing high. The maximum SL is 50 pips. Set the take profit to 75 pips.