Amazing strategy: short sweet and simple

Hey guys, I've got this short and simple strategy thats been working quite well for me recently, maybe its a fluke, but hopefully its not.

When the markets going down long term, I sell. When its going up long term, I buy. Anyone tried this appraoch yet? lol

What does mean "long term" to you? Could you explain more, when you exactly buy or sell and on what point you close your orders, TP, breakeven point, other trigger by analysis or what?

How do you determine where the market is going down long term? From a fundamental standpoint? But the more important question... for most... is there an EA for this yet???

I put a trendline through the recent highs or lows. If the angle is positive..its an uptrend...if negative...you get the idea. It really is that simple.

As for an EA...if working an hour a day is still too much for you....you don't deserve the money.

It may have started off that simple, but give it a couple of weeks on this forum and it will be tweaked to the optimum of imperfection.

Sounds good and yeah the EA was a joke :0. An addition if its the USD just short forget about trendline lol.

Sounds too much like hard work.

Is there an indy available that draws trendlines?

1) Find currency pairs that are very unbalanced. The best example right now of this I believe is EUR/AUD. The more unbalanced a pair, the longer and straighter the trending.

2) The draw your trendlines on the 4H/3H or 1H charts.

3)Buy/Sell when the price approaches the trendline and then heads back away. Use STOP orders, not limits.

4)Set a stop(50+ at least) and reverse your trade immidiately if it gets hit.

5)Set stop to breakeven once trade has reached around 50 pips of profit.

6)Add on/pyramid up on each additional touch of the trendline.

7)Close all trades when the trendline is broken.


There are only two things I haven't completely given away here:
a) how to determine the best unbalanced currencies
b) how to determine specifically when a trend ends/begins

The answers are here on this forum, search diligently and you will find them!

I don't know how about you guys, but I don't look (almost) to 4H, 1H charts, I've done many tests to my EA, which I wrote it my self (of course borrowed some code and strategies from others), and found that 15M chart works best for me (primarily for EURUSD and GBPUSD). The idea is to use Bollinger bands, as I've tested many indis and strategies, thats the only and best working indicator for me.

I've started to work in Forex about 1 month ago with demo, right now I have standard account and in two weeks I made ~650$ from 800$ initial deposit.

On average I my ordinary orders take about 30-70 pips, no stop loss'es (I know I know :], but thats my strategy).

When the right time will come I will share with my EA with all you guys.

Happy pipping