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-   -   Simple Price Action Strategy (SPAS) (https://www.forexfactory.com/showthread.php?t=948692)

dream2017 Sep 17, 2019 3:00pm | Post# 1

Hi All,

After long consideration, I would like to share how i apply Simple Price Action Strategy (SPAS) to my Forex account. Normally two outcome will be happened, earn more than 300% per month or burn the account within a month. Most of the time my FX account will burn it all. So how i can still earn the money? Every time I just follow the below trading methodology in FX trading. Will it work? I don't know and it might kill my account again in this month. Let see the daily live result.

Trading Plan:
Pair : Gold, EUDUSD and GBPUSD
Time Frame: 1 Hour Chart

Some Basic Rule:

1) You need always think that how to don't lose your money in your FX account as first priority. Example: if initial startup capital is USD500, you need to make withdrawal from your FX account when amount reach USD1000 (100% profit from USD500) before your FX account burn it all. I only consider win when money in my pocket and not the +value show in my FX account

2) Make the forex strategy as simple as possible. no one can 100% predict the market movement. I am using ZERO indicator for the trading idea. Just open buy when market show uptrend and sell when market show downtrend. Just simple will do.

3) Always put the stop-lose for every open order.

4) Set daily or monthly target. When reach your target, just stop the trading. I am not consider open more trade in day mean that I can earn more. More trade < More win. We need to focus on quality trade order instead of quantity trade order.

Let see the result

dream2017 Sep 17, 2019 3:03pm | Post# 2

1 Attachment(s)
17 September Result
Click to Enlarge

Name: WhatsApp Image 2019-09-18 at 03.01.37.jpeg
Size: 49 KB

Bmurat2009 Sep 17, 2019 3:15pm | Post# 3

Can You Share a Screenshot ?

KeenPips Sep 17, 2019 5:08pm | Post# 4

Would you like to rephrase your title to 'Simple Price Action Strategy (SPAS), Don't Burn Your Account' while you still have the time to change it?

KP

dream2017 Sep 18, 2019 1:27am | Post# 5

Can You Share a Screenshot ?
What Screenshot are you looking for?

Bmurat2009 Sep 18, 2019 1:53am | Post# 6

2) Make the forex strategy as simple as possible. no one can 100% predict the market movement. I am using ZERO indicator for the trading idea. Just open buy when market show uptrend and sell when market show downtrend. Just simple will do.

rise27 Sep 18, 2019 7:47pm | Post# 7

2) Make the forex strategy as simple as possible. no one can 100% predict the market movement. I am using ZERO indicator for the trading idea. Just open buy when market show uptrend and sell when market show downtrend. Just simple will do.
what's your kriteria for uptrend and downtrend? and how to avoid raging market ?

dream2017 Sep 18, 2019 8:04pm | Post# 8

1 Attachment(s)
18 September Result
Click to Enlarge

Name: SmartSelect_20190919-080236_MetaTrader 4.jpg
Size: 419 KB

dream2017 Sep 19, 2019 8:39am | Post# 9

1 Attachment(s)
20 September Result
Click to Enlarge

Name: SmartSelect_20190919-203830_MetaTrader 4.jpg
Size: 279 KB

fxmir Sep 19, 2019 12:28pm | Post# 10

May this is a commercial thared, please go to commercial section

Bmurat2009 Sep 19, 2019 2:37pm | Post# 11

Can You Share your Zero indicator, so we can Testing also

musafir1214 Sep 20, 2019 12:16am | Post# 12

Hi
Dream 2017
how i know market is going up or down?
in H 1 time frame
with out any indicator

GearZero Sep 20, 2019 3:30am | Post# 13

I already know how to trade and predict the market. let's say my accuracy is about 85%. But from your screenshot, using 0.2 lot with 200 dollars account is just too big for me. can you share more about the management?

Thanks. Gearzero

dream2017 Sep 20, 2019 9:03am | Post# 14

2 Attachment(s)
20 September Result
Click to Enlarge

Name: SmartSelect_20190920-210144_MetaTrader 4.jpg
Size: 482 KB
Click to Enlarge

Name: SmartSelect_20190920-210156_MetaTrader 4.jpg
Size: 103 KB

dream2017 Sep 20, 2019 9:06am | Post# 15

{quote} what's your kriteria for uptrend and downtrend? and how to avoid raging market ?
Just look the trend with 1H chart. Open buy when up trend and sell when down trend.

Normally i will put 30TP and 30SL for gold
15TP and 15SL for EUDUSD and GBPUSD

dream2017 Sep 20, 2019 9:11am | Post# 16

May this is a commercial thared, please go to commercial section
No worry bro. I wont ask you pay any single cent to me.

The reason i open the tread got 3 main reasons.
1) I would like to get you to confident in forex trading. * which i almost lose my confident in past few year without any mentor.
2) This is a good practice for me as well to control my greedy. I use this treat to remind me keep focus on no lose all the money instaed of how much i can earn. For me forex is not difficult, but very hard for me to control my emotion and greedy.
3) Just believe sharing good to other, i will get good return. Simple.

dream2017 Sep 20, 2019 9:13am | Post# 17

I already know how to trade and predict the market. let's say my accuracy is about 85%. But from your screenshot, using 0.2 lot with 200 dollars account is just too big for me. can you share more about the management? Thanks. Gearzero
Yes bro. High risk high return. For beginners level, i suggest 0.1 lot for capital USD1000

dream2017 Sep 20, 2019 9:14am | Post# 18

Hi Dream 2017 how i know market is going up or down? in H 1 time frame with out any indicator
You can refer this link

https://www.google.com/amp/s/www.dai...cator.html/amp

dream2017 Sep 20, 2019 9:16am | Post# 19

Can You Share your Zero indicator, so we can Testing also
This week i m busy abit. Next week i will put some example how i open the trade (only win trade) see what i can help

thewolfvn Sep 20, 2019 11:44am | Post# 20

{quote} This week i m busy abit. Next week i will put some example how i open the trade (only win trade) see what i can help
Thank you!


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