Good-day All,
Redefined For Greater Profitability of 40-50% Per Month.
This Strategy is For:
1. Those that have full time Job.
2. Those that love stressfree trading.
3. Those that want to enjoy trading.
4. Those that dislike charts.
5. Those that forex has betrayed.
6. Those that love to make huge profit of 20%+ in a trading section of 4-8hrs.
7. Those that have the heart to take 9 consecutive losses knowing fully well that they need 3 consecutive wins to brake-even.
I Like to share this Grid strategy based on two premises:
1. It is based on brake-out for its profitability.
2. Ranging market is inevitable and brake-out gives us high profitability with the use of Risk:Reward ratio of Ratio: 1:3.
The Strategy:
1. Decide the currency pair to trade- eg. EUR/USD, EUR/JPY, GBP/USD, GBP/JPY etc.
2. Decide your grid levels .e.g. every 10pips, 20pips, 30pips round number etc.
Advice for choosing grid level for a currency pair:For spread 1-3pips- grid 10pips or more;For spread 4-6pips- grid 15-20pips or more etc.
3. I Risk 1% or 0.5% per trade.i.e: SL:TP - 1%:3% or 0.5%:1.5%
4. Stoploss to Takeprofit ratio : Ratio 1:3 e.g: SL 20pips: TP 60pips for grid 20pips OR SL 10pips: TP 30pips for grid 10pips.
5. Place Buystop and Sellstop at every of your decided grid level with your stoploss and take profit at every level.
Short Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 10pips round number.
3. My takeprofit is 30pips and stoploss is 10pips. I risk 0.5% or 1% per trade.
4. I place my Buystop 200pips(20 Trades) upward and Sellstop 200pips(20 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 10 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market. If there is any trade on or running -I set new trades on the next grid 10pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 5%-20%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 10pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
I have traded this way with high profitability with a risk of 1% per trade.
Atleast you can make 10%-15% weekly.
Medium Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 20pips round number.
3. My takeprofit is 60pips and stoploss is 20pips. I risk 1% per trade.
4. I place my Buystop 200pips(10 Trades) upward and Sellstop 200pips(10 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 20 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market . If there is any trade on or running -I set new trades on the next grid 20pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 7%-15%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 20pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
Atleast you can make 10%-15% weekly.
Long Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 100pips round number.Grid level must be the same as Take profit.
3. My Takeprofit is 300pips and Stoploss is 100pips. Risk at least 1% per trade.
4. I place my Buystop 1000pips(10 Trades) upward and Sellstop 1000pips(10 Trades) downwards.
5. I repeat the Process at the beginning of every-week by setting new trades at the grid 100pips. If there is any trade on or running -I set new trades on the next grid 100pips outside the range of the entry and current price of the current trades.
7. On weeks when the market is trending wildly and I have made 10%-21%+profit or when the price has gone trending 700pips-1000pips+, I set new sets of trades on the next grid 100pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
The Profitability is not limited.
Please note:
1. You need to subtract the spread from each StopLoss.E.g.
For grid is 10pips trading EUR/USD with spread of 2pips, SL:TP- 10pips:30pips; Each trade will be 8pips SL and 30pips TP.
For grid is 20pips trading EUR/USD with spread of 2pips, SL:TP- 20pips:60pips; Each trade will be 18pips SL and 60pips TP.
For grid is 100pips trading EUR/USD with spread of 2pips, SL:TP- 100pips:300pips; Each trade will be 98pips SL and 300pips TP.
2. Ranging Market: If the market is ranging below the size of your TP, set your trades outside the range.E.g.
For grid is 10pips trading EUR/USD with SL:TP- 10pips:30pips and the market is ranging below 30pip; Then set your trades outside the range for a brake-out.
For grid is 20pips trading EUR/USD with SL:TP- 20pips:60pips and the market is ranging below 60pip; Then set your trades outside the range for a brake-out.
For grid is 100pips trading EUR/USD with SL:TP- 100pips:300pips and the market is ranging below 100pip; Then set your trades outside the range for a brake-out.
You can Back-test the profitability and trade on demo before going life.
The tread continues from: http://www.forexfactory.com/showthre...14#post6327314
Opinions and positive contributions are welcomed.
Note: Please do not sell or re-publish this strategy.
Redefined For Greater Profitability of 40-50% Per Month.
This Strategy is For:
1. Those that have full time Job.
2. Those that love stressfree trading.
3. Those that want to enjoy trading.
4. Those that dislike charts.
5. Those that forex has betrayed.
6. Those that love to make huge profit of 20%+ in a trading section of 4-8hrs.
7. Those that have the heart to take 9 consecutive losses knowing fully well that they need 3 consecutive wins to brake-even.
I Like to share this Grid strategy based on two premises:
1. It is based on brake-out for its profitability.
2. Ranging market is inevitable and brake-out gives us high profitability with the use of Risk:Reward ratio of Ratio: 1:3.
The Strategy:
1. Decide the currency pair to trade- eg. EUR/USD, EUR/JPY, GBP/USD, GBP/JPY etc.
2. Decide your grid levels .e.g. every 10pips, 20pips, 30pips round number etc.
Advice for choosing grid level for a currency pair:For spread 1-3pips- grid 10pips or more;For spread 4-6pips- grid 15-20pips or more etc.
3. I Risk 1% or 0.5% per trade.i.e: SL:TP - 1%:3% or 0.5%:1.5%
4. Stoploss to Takeprofit ratio : Ratio 1:3 e.g: SL 20pips: TP 60pips for grid 20pips OR SL 10pips: TP 30pips for grid 10pips.
5. Place Buystop and Sellstop at every of your decided grid level with your stoploss and take profit at every level.
Short Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 10pips round number.
3. My takeprofit is 30pips and stoploss is 10pips. I risk 0.5% or 1% per trade.
4. I place my Buystop 200pips(20 Trades) upward and Sellstop 200pips(20 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 10 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market. If there is any trade on or running -I set new trades on the next grid 10pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 5%-20%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 10pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
I have traded this way with high profitability with a risk of 1% per trade.
Atleast you can make 10%-15% weekly.
Medium Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 20pips round number.
3. My takeprofit is 60pips and stoploss is 20pips. I risk 1% per trade.
4. I place my Buystop 200pips(10 Trades) upward and Sellstop 200pips(10 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 20 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market . If there is any trade on or running -I set new trades on the next grid 20pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 7%-15%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 20pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
Atleast you can make 10%-15% weekly.
Long Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 100pips round number.Grid level must be the same as Take profit.
3. My Takeprofit is 300pips and Stoploss is 100pips. Risk at least 1% per trade.
4. I place my Buystop 1000pips(10 Trades) upward and Sellstop 1000pips(10 Trades) downwards.
5. I repeat the Process at the beginning of every-week by setting new trades at the grid 100pips. If there is any trade on or running -I set new trades on the next grid 100pips outside the range of the entry and current price of the current trades.
7. On weeks when the market is trending wildly and I have made 10%-21%+profit or when the price has gone trending 700pips-1000pips+, I set new sets of trades on the next grid 100pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.
The Profitability is not limited.
Please note:
1. You need to subtract the spread from each StopLoss.E.g.
For grid is 10pips trading EUR/USD with spread of 2pips, SL:TP- 10pips:30pips; Each trade will be 8pips SL and 30pips TP.
For grid is 20pips trading EUR/USD with spread of 2pips, SL:TP- 20pips:60pips; Each trade will be 18pips SL and 60pips TP.
For grid is 100pips trading EUR/USD with spread of 2pips, SL:TP- 100pips:300pips; Each trade will be 98pips SL and 300pips TP.
2. Ranging Market: If the market is ranging below the size of your TP, set your trades outside the range.E.g.
For grid is 10pips trading EUR/USD with SL:TP- 10pips:30pips and the market is ranging below 30pip; Then set your trades outside the range for a brake-out.
For grid is 20pips trading EUR/USD with SL:TP- 20pips:60pips and the market is ranging below 60pip; Then set your trades outside the range for a brake-out.
For grid is 100pips trading EUR/USD with SL:TP- 100pips:300pips and the market is ranging below 100pip; Then set your trades outside the range for a brake-out.
You can Back-test the profitability and trade on demo before going life.
The tread continues from: http://www.forexfactory.com/showthre...14#post6327314
Opinions and positive contributions are welcomed.
Note: Please do not sell or re-publish this strategy.