🦖 FoRex Trading Group

Hello,

I’ve gone back and forth a bit on whether I should take this step and introduce myself and my trading system here. Let’s be honest — a lot of what gets posted in the “Commercial Content” section is dishonest or even fraudulent.

So why should it be any different with me?

To be fair, I can’t offer definitive proof to the contrary. But everyone should form their own opinion, and one thing I can say upfront: I’m committed to full transparency.
In the following, I’d like to introduce myself and present my main trading strategy.

I began actively trading in March 2023 with only a basic understanding of the markets. Like many beginners, I saw trading opportunities everywhere and quickly fell into the trap of overtrading. On top of that, I let emotions take over. As a result, my manual trading wasn’t very successful for a while.

I then turned to the MQL5 market in search of Expert Advisor bots. Martingale bots caught my attention because they appeared to be consistently profitable. As you can probably guess, it didn’t take long before I blew my account.

After that setback, I took a step back and dedicated more time to studying — the market, charts, candlesticks, indicators… the list was (and still is!) long. But I was eager to learn and grow. I focused not just on the technical side of trading, but also on the psychological aspect. Understanding the role of instinct and emotion at every stage of the trading process — especially when dealing with losing positions — is just as important.
Eventually, I even learned how to code my own Expert Advisors, tailored to fit my market observations. But to be fully transparent: no bot can perfectly adapt to every market condition — markets are simply too complex and dynamic.

Today, my trading approach centers on identifying price channels on higher timeframes and spotting strong support and resistance zones. I primarily trade XAUUSD, but I also keep an eye on various forex pairs and indices.

I have an active and growing community on Telegram. If you’re looking to learn or would like to share your own analyses, you’re very welcome to join this group:


https://t.me/forex_philipp

Next I want to share with you my main trading strategy, which works very well with XAUUSD.

Price Channels / Equidistant Channels

Equidistant channels are price structures defined by two perfectly parallel lines that contain price action within a clear, confined range. The lower boundary acts as support, while the upper boundary serves as resistance. These channels can appear in trending as well as consolidating markets—whether bullish, bearish, or ranging—and help traders structure entries and exits based on technical logic rather than guesswork.

The core concept of this strategy is to trade in the direction of the prevailing trend, using the channel boundaries as dynamic support or resistance zones. In an ascending channel, traders look for long entries near the lower boundary, while in a descending channel, short positions are preferred near the upper edge. The opposite side of the channel typically serves as the initial target. The clarity and symmetry of the channel make it an intuitive and effective framework for price action trading.

One particularly useful aspect of this approach is the ability to anticipate potential price targets even before the channel is fully confirmed. By identifying two significant swing points on one side of price action and projecting a parallel line from a third reference point on the other side, traders can construct a "forecasted" channel. This early channel projection allows for preemptive target setting and structure-based entries—even if price has not yet tested both boundaries multiple times.


In practical application, this strategy has proven especially effective in gold trading. Higher timeframes, such as the 4-hour chart, tend to offer more reliable channel structures with enough range to support well-defined setups. In these cases, it's often not necessary to wait for confirming indicators like the MACD or candlestick signals (e.g., pin bars). If the channel is cleanly defined and aligns with the broader trend, placing an order directly at the channel boundary can be justified.

As for trade management, it is not always advisable to place the take-profit level strictly at the opposite side of the channel. A more nuanced approach involves monitoring key pivot zones—such as recent highs, lows, or horizontal resistance levels. Partial profits can be taken at these strategic levels, while the remaining position can be secured by moving the stop-loss to breakeven. This not only protects gains but also leaves room to capitalize on extended moves.

Another important detail concerns which side of the channel to trade. It is often more effective to only trade the side that aligns with the current trend. For example, in an upward-sloping channel, the lower boundary tends to be a more reliable entry point for long trades than the upper boundary is for shorts. Price may crawl along the upper resistance line without clear rejection, triggering stop-losses before finally reversing. This phenomenon is particularly common in steeply trending channels and should be taken into account when timing entries and placing stops.

A breakout also offers a second opportunity. In the case of an upward channel, a break below the lower line is considered a sign of a potential trend reversal or a move against the prevailing trend. Conversely, in a downward channel, a breakout above the resistance line can serve as a potential entry signal for a long position. Ideally, after the breakout, a retest of the broken line occurs to help identify a better entry price.


All in all, the equidistant channel strategy offers a visually clean and technically sound framework for structuring trades. When applied with attention to market context, clear structure, and thoughtful position management, it can serve as a consistent and repeatable method for navigating the Forex market with discipline.

This group is very helpful to me for trading info.

In Forex trading, having solid knowledge of both technical and fundamental analysis is undeniably essential. The ability to read charts, understand market structures, interpret economic data, and assess the impact of geopolitical events forms the foundation for making profitable trading decisions. However, while these analytical skills are critical, they alone are not enough to guarantee long-term success.

An often underestimated yet equally important pillar of trading is the psychological aspect.
The market constantly challenges traders on an emotional level: unpredictable price movements, prolonged periods without clear signals, or a streak of losing trades can put even experienced traders under pressure. This is where mental strength becomes the key differentiator.

Patience is one of the most important virtues, as Forex trading often requires waiting for the right setup rather than jumping into suboptimal trades out of restlessness. Those who can remain calm and composed during periods of inactivity tend to achieve better long-term results.

Discipline is equally crucial. It means following your trading plan with precision — even when the market appears tempting or emotions push you toward riskier behavior.
Discipline protects traders from impulsive decisions driven by short-term emotions rather than well-founded analysis. This includes resisting the urge to move stop-loss levels out of fear or hope, and instead sticking to the original plan.

Lastly, the ability to accept losses is indispensable. No trader in the world wins every trade. Losses are part of the game, and how one handles them largely determines long-term success. Traders who can view losses not as personal failures but as an inevitable part of the process remain emotionally stable and less prone to revenge trading or overleveraging.

In summary, technical and fundamental analysis provide the foundation, but psychological resilience is the structural framework that supports success. Patience, discipline, and the ability to endure losses are not merely personality traits — they are essential tools for navigating the constant emotional challenges of the Forex market and achieving consistent profitability over time.

This is what a so-called “trader” proudly wrote in a trading group. He boasted about making a lot of money in a very short time and having discovered a “great” trading system… without a stop loss. His method? Simply hold the position until it turns profitable, no matter how large the drawdown grows in the meantime. “It will work out eventually,” he believes. And yes—it can work out. At the end, you might even see massive profits. Sounds great, right?

The truth is, this “trader” had executed only about 50 trades in total, which he admitted to me earlier. Of course, in such a short trading window, things can go well by pure chance. You could also flip a coin ten times, always bet on heads, and win ten times in a row. But what’s the real difference between that and walking into a casino?

In the long run, this kind of trading behavior can never be successful. You’re training yourself into a toxic trading habit that will eventually cause you massive problems—sometimes wiping out months or even years of gains in a single bad streak.

If you want to be consistently successful, you must accept losses as part of the game. Yes, your profits will grow more slowly, and yes, you will have losing days. But by managing risk, preserving capital, and protecting yourself from catastrophic drawdowns, you give yourself the only real edge that matters in trading: survival. In the markets, survival is the foundation of long-term profitability—without it, everything else is just gambling.

I installed a Trend Pad for Gold in the Gold Trading Topic of my Telegram group. It Shows clearly visible with a green (bullish) or Red (bearish) bubble the trend of various timeframes and is a good help for trader to overview the bias of gold. The trend of every timeframe is calculated with a crossing of a fast EMA with a slow EMA.


Next steps are:
1. Implementing a Dashboard about:
- Daily Recap (previous day O/H/L/C, %Change, Range)
- Todays Asia-Session High/Low/Range
- Volatility (ATR(14) H1 & D1)

2. Implementing a News Feed Topic with automatic and fast display of daily high impact news.

... my Forex Group on Telegram will be the All-in-One Spot for Forex Trading soon! Everything FREE / no scammy VIP Channel.

Check it out and be part of a growing community!

UPDATE #2

Implemented the Dashboard for Gold. Each day after end of Asia Session it will show
- OHLC and range of day before
- Asia session HL and range
- Overall bias and Outlook for the day
- High impact USD / Gold related news for the day

UPDATE #3

I Implemented the self developed High Impact News Alert Bot.
It scrapes data from forexfactory news site and filters Red flagged ones.
It displays the news in a self developed background template.
You can follow the Original-News with the "Read more" Button.

Hello folks!

Just released my "Daily Dashboard to Telegram" on MQL5.

The Daily Dashboard to Telegram is a MetaTrader 5 Expert Advisor that compiles a clean, actionable morning brief for the instrument on your chart and delivers it to your Telegram group or channel at a time you choose. It combines previous day OHLC levels, an Asia session range computed in your local time, a directional bias and short outlook, and a curated list of today’s high-impact macro events (from the ForexFactory calendar). Optional pre-event warnings and an automated news conclusion are included to help you prepare for the trading day in minutes.

This EA is designed for traders who want consistent, systematic preparation without juggling multiple tools.

Attached Image (click to enlarge)

Dear Alexking071,

Just wanted to tell you my GROUP is still free with all the tools, analysis and signals. I just created the Channel for even MORE Service, which COST me money in return in terms of OpenAI and scripts for VPS and workflows. So yea, I spend a LOT of time and money to give you proper Services. It is not just a scammy VIP Channel with random signals. What is wrong to get paid for that??? You guys only want more and more but never say thanks or something like that... Before I created the Channel I installed a Donation request system and NO ONE was donating... you know this was a little bit frustrating after giving you so much insights and tools.

As for the trades ... I am still below 15% drawdown. My positions were opened longterm with really small lot.

... and all of your recently opened and closed (due to margin call I believe) threads here in commercial content are a joke.

Oh me, this is going to be so Haters gonna hate, but ok, I will explain further.

With scammy VIP Channels I mean the dozens of dozens of paid Channels on TG with random signals and no trade history log to verify reliability of Signal giver. I have a signal lifetime of over 3 months and you can see every trade here / on MQL5 or on myfxbook. 99% of "VIPS" do not do that. Plus I offer helpful tools in my Channel like direct Trump posts and a daily market brief for Gold. You see the difference?!

Watch your mouth btw. Calling others cheap people and retards but you do not know them is really disrespectful.

Lol, I really can not imagine why you make this campaign against me. Do not even know you. Are you this XYZ-guy I exposed as scammer some weeks ago? But whatever, go on with your grudge.
And I believe you have so much more value with your "309% Returns, 100% Win Rate" topic ... with rediculous 13 trades so far, very reliable...

This one was the last answer to you... grow up man.

Just released my new Utility-EA on MQL5:

Trump Feed to Telegram

This Expert Advisor reads the Trump Truth Social RSS (mirror feed), classifies new posts via OpenAI, neatly shortens the quote, and forwards it to your Telegram group/topic – including a compact XAUUSD impact summary.

Ideal if you want to be notified immediately of potentially market-moving statements.