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Easy & Very Profitable Trading Strategy

  • #1
  • First Post: Edited Dec 4, 2023 6:34am Nov 17, 2023 5:48am | Edited Dec 4, 2023 6:34am
Hello Forex Factory community,

Just sharing a simple and very profitable strategy using two indicators: AI Lines and BuySellSignals.
Check out the video for details.

Inserted Video


I added this second part to clarify entry points, showing more examples on USD/JPY this time (last 2 months 1h time frame)

Inserted Video


AI Lines, the first indicator, identifies trends and provides clear lines and zones for potential trades. The second, BuySellSignals, generates buy and sell signals.

Let's walk through the strategy rules:

  1. Verify the Trend: Utilize the AI Lines indicator and market structure. For instance, if the price is forming higher swing highs and higher swing lows, switch to an upward channel using AI Lines. Apply a similar approach for a downtrend with lower highs and lower lows.
  2. Identify Buy and Sell Zones: Watch the video to see these zones.
  3. Wait for the second indicator signals: If the current candle opens in a buy zone and BuySellSignals confirms a buy signal, consider going long. Close the trade manually when the price crosses the middle line (in a downtrend) or touches the sell zone (in an uptrend). Same logic for sell zones.

I appreciate your understanding if there are any language errors – English is not my native language.

The indicators:

  1. AI Lines 1.2 (latest version) [Link]
  2. BuySellSignals (fixed) [Link]

  • #2
  • Nov 17, 2023 2:22pm Nov 17, 2023 2:22pm
AI lines repaint. buysell signal lagging. Show your exact trade entries. Thanks for sharing anyway.
  • #3
  • Nov 18, 2023 1:41pm Nov 18, 2023 1:41pm
Quoting mario777
AI lines repaint. buysell signal lagging. Show your exact trade entries. Thanks for sharing anyway.
Thanks for checking out the strategy! You're right, the indicator repaints, but it's still profitable. I've added a new video on USD/JPY to show the exact trade entries, you can check it in #Post 1. I'm aware of the issue with the second indicator and working on it.
I appreciate your interest!
  • #4
  • Nov 18, 2023 1:59pm Nov 18, 2023 1:59pm
MouhcineFX,
Do not worry about mario777, he is never happy.
My version is attached.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 352 KB
  • #5
  • Nov 18, 2023 2:33pm Nov 18, 2023 2:33pm
Quoting cpfleger
MouhcineFX, Do not worry about mario777, he is never happy. My version is attached. cpfleger {image}
beautiful on chart only but show your actual trade. btw, you still did not show your BTC sell result last week how was it? LOL!
  • #6
  • Nov 18, 2023 2:35pm Nov 18, 2023 2:35pm
Quoting MouhcineFX
{quote} Thanks for checking out the strategy! You're right, the indicator repaints, but it's still profitable. I've added a new video on USD/JPY to show the exact trade entries, you can check it in #Post 1. I'm aware of the issue with the second indicator and working on it. I appreciate your interest!
seems good in backtesting but in live chart the arrow dont paint unless your refresh your chart or change your tf hence your will miss the entry. btw what tf are you using? do you use MTF too?
  • #7
  • Nov 19, 2023 1:29am Nov 19, 2023 1:29am
This is a disaster strategy. Accumulation of 1000 positions, no clear sl but obviously the sl is multiple times bigger than the tp, no stable and adverse adjusting tp, repainting indicator, subjective definition of market structure... When your positions are heavily underwater, and this will happen sooner or later, you can say goodbye to your account.
  • #8
  • Nov 19, 2023 5:20am Nov 19, 2023 5:20am
Quoting cpfleger
MouhcineFX, Do not worry about mario777, he is never happy. My version is attached. cpfleger {image}
Great job! Have you tried it on smaller time frames?
  • #9
  • Nov 19, 2023 5:23am Nov 19, 2023 5:23am
Quoting mario777
{quote} seems good in backtesting but in live chart the arrow dont paint unless your refresh your chart or change your tf hence your will miss the entry. btw what tf are you using? do you use MTF too?
I mostly use the 1h TF, but I've tested it on the 15min and 4h TF, and the results are pretty much the same. When you switch from 1h to 15min, you'll see almost similar channels. The same goes for 4h. After taking a trade on the bigger timeframe, you can also look at smaller timeframe channels and use their extreme lines to optimize your SL. Just keep an eye on the market structure.
  • #10
  • Nov 19, 2023 5:26am Nov 19, 2023 5:26am
Quoting MCFly
This is a disaster strategy. Accumulation of 1000 positions, no clear sl but obviously the sl is multiple times bigger than the tp, no stable and adverse adjusting tp, repainting indicator, subjective definition of market structure... When your positions are heavily underwater, and this will happen sooner or later, you can say goodbye to your account.
Thanks for sharing your concerns. I understand your points. While it's true that the strategy involves accumulating positions, it's not mandatory—you can opt for one trade per side based on your account size. The SL placement is shown in the first video, positioned below (buy) or above (sell) the extreme line, with an offset equal to the distance between the lines (1/6 of the channel).
Taking trades only from the extremity of the channel aims for a TP three times greater than the SL. I acknowledge the indicator repaints, but there is an option to choose the channel that you want to use—you can select the channel that is well respected by price movements. Even if the indicator jumps to a smaller channel, you can manually correct it using the buttons. However, I agree that this strategy requires human intervention and judgment, as is the case with all forex strategies. The indicator helps spot market structure, in general highs and lows are located in buy/sell zones. Appreciate your feedback!
  • #11
  • Nov 25, 2023 2:06pm Nov 25, 2023 2:06pm
Hi There
Thanks for sharing. Ive been monitoring this on a few pairs. Ive noticed that when I switch to some pairs the number of Auto line change?

Is there a reason for this please?

Thank you
  • #12
  • Last Post: Dec 4, 2023 6:43am Dec 4, 2023 6:43am
Quoting bigbadbarry
Hi There Thanks for sharing. Ive been monitoring this on a few pairs. Ive noticed that when I switch to some pairs the number of Auto line change? Is there a reason for this please? Thank you
The algorithm essentially selects a specific number of channels, and from this set, it automatically picks the one that is most suitable for the current time frame. The corresponding number is displayed above the "auto" button. If this number changes, it indicates that the auto channel has also changed, as is the case when additional smaller channels are created.
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