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Here are the top forex trading strategies - honestly

  • #21
  • Jan 27, 2014 12:22am Jan 27, 2014 12:22am
Hi,
All the above mentioned is quite good as this will help to create a good Forex trading strategy.
This is pretty good effort o start. All the above methods are very useful but there are also some more steps which would make the other person more profitable.

Firstly, developing strategies requires the traders to develop a greater knowledge of the market and also its price movements.


Secondly, when one will develop their own Forex strategies, then they will able to know how the strategy actually works, what are the causes that will stop to work and also they will find a better place to think of the adjustments to do if required sometime.


Thirdly, it has been seen that the popular strategies sometimes fall in and out of favor which can affect the signals provided by the strategy. So, when someone creates their own strategy, then it is used by only one hand traders and by this, traders will get the profit and also the work will be long lasting. This will definitely help the traders of day traders and short term trading.


To build a strategy, you need to access the charts which reflect the frame to be created. These ideas can then be formalized into a strategy. Creating a strategy which works makes it is much easier to stick to your trading plan because the strategy was your own work.
  • #22
  • Feb 15, 2014 1:51am Feb 15, 2014 1:51am
Unfortunately there is no single trading strategy that is suitable for all traders...period!

Every trader is an individual and requires an individualized trading methodology to suit their particular situation.

Why so ???

Simply because every trader has different account sizes, different leverage, different risk tolerance, different everything........

A trader with an account size of $1000 does not trade the same as someone with an account size of $10,000 or $100,000 plus!

What I have come to understand is that an individuals trading methodology truly evolves over time.

The market is a living, breathing beast and by its very nature is totally dynamic..... hence our trading methodology must be dynamic.

The better a trader adapts to changes in the market by implementing them into his/her own strategy the greater success they will have.

I encourage continued debate on this topic if anyone is interested!
Master your Mind then Master your Trades
  • #23
  • Edited 4:43am Feb 15, 2014 4:29am | Edited 4:43am
The thing that works for me is simply being able to find areas where the market will hit and most likely fire off in the other direction. After being frustrated from getting told how to essentially lose money off those how to trade websites, I decided to go back to the drawing board...naked charts, just candlesticks and looking at past price history on various timeframes to try and figure out why the market turned where it did and how I can then apply that to future price movement, once I figured it all out.
  • #24
  • Feb 15, 2014 6:36pm Feb 15, 2014 6:36pm
My method incorporates 1, 2 ,3 If ranging wait for break and pb then trend wait for pb and 123 patterns. The key to the mint though is proper mm otherwise you can take a 80% win rate and turn it upside down
  • #25
  • Feb 15, 2014 8:01pm Feb 15, 2014 8:01pm
According to me, profitable system have to combine #1 #2 #3 and apply to multiple time frame.
every trader have to find they strategy that suitable for them and develop it. That's what i've done.
be patient and don't be greedy
  • #26
  • Feb 16, 2014 3:08am Feb 16, 2014 3:08am
The premise of the thread is flawed from the outset - you ask profitable traders to come forward etc. So it will go down the same rabbit hole as any other thread as everyone makes out they're profitable on the net for some reason.
  • #27
  • May 13, 2014 11:10am May 13, 2014 11:10am
Quoting ccesom
i trade price action, i know how to trade major price reversal, i know how to scalp at the presence of a failure. i know how to hedge a profitable swing trend in the presence of a countertrend bar and exit the countertrend trade in the presence of a confirmed pullback bar equally open another trade to support the current trend. the best advise i will give to a serious trader is to read the following books on price action. 1, Trading Price Action on Trends by Al brooks 2, Trading Price Action on Ranges by Al Brooks 3, Trading Price Action on Reversals...
Thanks Sir your guideline is very important for me i want to get your trading plan template i also pm you for request.
  • #28
  • May 23, 2014 5:12pm May 23, 2014 5:12pm
The starter of this thead could have added:

  1. harmonic trading (Gartley, Bat, Butterfly, etc.) with the Fibonaci tool
  2. Multiple timeframe trading (with wichever indicator you prefer)
  3. grid trading

I am actually trading with the cross of MACD (OSMA) in the direction of 200 EMA. To me, it is some kind of multiple timeframe trading. Also, I am experimenting Grid trend trading. I just started this week.

  • #29
  • Jun 8, 2014 5:40pm Jun 8, 2014 5:40pm
I would like to add range trading in the categories he mentioned on the first post .
Learn something difficult and earn real money for ever, a lot.
  • #30
  • Jul 19, 2014 6:54pm Jul 19, 2014 6:54pm
Two Exponential Moving Average lines, one set at 8 and the other at 13, on the USD/JPY has been working for me for 14 months now. When your 8 EMA line crosses under the 13 EMA you sell your position and just manage the trade. Continually readjust your stop lost on a winning trade. Works best in 5M time frame, with selling positions, and USD/JPY. Good luck
  • #31
  • Dec 9, 2014 2:07pm Dec 9, 2014 2:07pm
Quoting Rockedollar
Two Exponential Moving Average lines, one set at 8 and the other at 13, on the USD/JPY has been working for me for 14 months now. When your 8 EMA line crosses under the 13 EMA you sell your position and just manage the trade. Continually readjust your stop lost on a winning trade. Works best in 5M time frame, with selling positions, and USD/JPY. Good luck
Hi,
Do you use anything else e.g. a 100 or 200 SMA to identify the trend so that you are not trading against momentum?
Sorry for the newbie query.
Scchplendid
  • #32
  • May 29, 2015 8:48am May 29, 2015 8:48am
I have develop a strategy for a long term profit. It is not useful for scalping, but to pace trades and hold for week for a healthy benefit.

Now i must say that i m not 100% about this because i m testing it now and results so far are satisfactory.

Let's jump in. You will need following indicators to proceed:

a. 2 SMAs. One short term and one long term. I use 7 days and 30 days but you can choose your own if you like

b. Candlestick indicator to suggest which pattern it is likely to take

c. And most importantly, A heatmap to give an overall view of market.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 36 KB


Everyday, at the opening of NY markets; look at the heatmap signal. When i suggests a currency; look at all the pairs in that currency. But in order for that pair to qualify for the trade; it has to be moving in the trend direction; candlestick must gives the signal of pattern too. As you can see in the pic above; heatmap is signalling strength in CHF and weakness in NZD; price is moving in the direction of SMAs and candlestick is signalling S_E which is bearish engulfing pattern.

Now lets move to fundamentals. Who am i kidding; i have no idea how the fundamental works. Check forexfactory main page to see which one is important and which is not and what impact that news will have or ask any economics expert.

Lastly your risk management. Never put more than 2% of your total on anyone trade; that is a golden rule guys. I survived very long in this business following that pattern. Here is the simple formula i use:

Look at the price; for example, NZD.CHF is currently at .668; now 2% of .668 is .013; since we are selling this pair so we add .013 to .668 and get .681; that is our stop loss. Now arrange your lots using this site http://www.earnforex.com/position-size-calculator. Now you are good to go.

Please do tell me what do u think
  • #33
  • Jul 6, 2017 5:58am Jul 6, 2017 5:58am
Very Nice Thread..

This thread will really help us a lot..
1) Price Action Trading
2) Trend Trading
3) Breakout/Support and Resistance/Supply, Demand, and Volume Trading
This above three top trading stragies are normally use in day_to _day life.

But, The starter of this thread could have added also three things i.e
1.harmonic trading (Gartley, Bat, Butterfly, etc.) with the Fibonaci tool
2.Multiple timeframe trading (with whichever indicator you prefer)
3.grid trading
  • #34
  • Sep 17, 2020 3:14am Sep 17, 2020 3:14am
Quoting ccesom
i trade price action, i know how to trade major price reversal, i know how to scalp at the presence of a failure. i know how to hedge a profitable swing trend in the presence of a countertrend bar and exit the countertrend trade in the presence of a confirmed pullback bar equally open another trade to support the current trend. the best advise i will give to a serious trader is to read the following books on price action. 1, Trading Price Action on Trends by Al brooks 2, Trading Price Action on Ranges by Al Brooks 3, Trading Price Action on Reversals...
Good post. I am still new to forexfactory so I am not able to PM you. . Soon I wil ask you for the same.
  • #35
  • Nov 7, 2023 11:36pm Nov 7, 2023 11:36pm
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  • #36
  • Last Post: Apr 1, 2026 3:52am Apr 1, 2026 3:52am
Quoting fxfast
I have develop a strategy for a long term profit. It is not useful for scalping, but to pace trades and hold for week for a healthy benefit. Now i must say that i m not 100% about this because i m testing it now and results so far are satisfactory. Let's jump in. You will need following indicators to proceed: a. 2 SMAs. One short term and one long term. I use 7 days and 30 days but you can choose your own if you like b. Candlestick indicator to suggest which pattern it is likely to take c. And most importantly, A heatmap to give an overall view...
I like the structured approach here, especially combining relative strength with trend and confirmation instead of relying on a single signal. That said, I’d be careful with the risk model, calculating SL as a percentage of price can be misleading, risk should always be based on account equity and position sizing. Also, heatmaps can give a good bias, but they lag at times, so execution still needs a bit of discretion. Overall though, it’s a solid framework, just needs some refinement to hold up long term.
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