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Forexstrategy

** AUDUSD ** long trade currently open, lets see how plays out..Evening all, seeing some great results from this weeks strategy forward testing. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
🇪🇺🇨🇦 EURCAD short now live. Hello traders Monday again and our strategy has already picked a trade on the pair covered in my idea last night. The pair in question is EURCAD working the 30M time frame. This short trade is well underway and at the bottom of this idea are the year to date stats on trading this pair in the manner I do. The strategy in play is adaptable to any instrument and time and on this pair in question I'm working to a 1:2.8 RR ratio. I know the way the strategy is set to be a profitable method thanks to the built in back tester. Back test data is all we have to go on as traders and this level of data is crucial in building a trading plan. The back test results gives our traders a proven trading edge and confidence to then execute the trades on the markets. What strategy am I using here? Our strategy is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. You then take this trade manually or you can automate the strategy and let it all be done automatically. Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. This pair has been a good pair to trade of late to get involved with our strategy more feel free to drop me a message.
Short
by RichScott
GBP🇬🇧 NZD 🇳🇿 short valid ✅Hello traders Some big moves in the markets today. NZD is proving strong and our strategy has presented a short trade on EURNZD pair. Working the 30M time frame here to a 1:2 risk reward ratio. As with all my ideas the back test results can be found at the foot of the idea for trading the pair in this manner. Test results are from January 2020 to today, Stats are based on risking 1% capital per trade on a £1000 account. Quick overview of the strategy in use. The strategy is a trend based strategy. The inner workings of the strategy are 5 individual strategies rolled into one. Trades are only valid when all 5 confluences line up. At this point the trade presents on the chart. Alerts can be set and the the strategy can also be automated. No excess time spent at the charts Adaptable strategy to suit your trading style. Works on any instrument and time frame. Want too know more? Sure drop me a message and feel free to ask any questions.
Short
by RichScott
GBPJPY long valid 🇬🇧🇯🇵☑️Morning traders Our strategy originally presented a sell on the pair in question at 6am UK time. However as the market shifted a valid buy trade is now live and trending in correct direction. We are working the H1 time frame here to a RR ratio of 1:2.5 I know from the built in strategy tester this pair was profitable all last year trading with a ATR based stop loss working to a set TP target. At the foot of the idea is the current results for this year only. As you will see this pair has kicked of 2021 with a bang. The data logged on this idea for the year so far is based on £1000 capital risking 1% per trade. Having this level of back test ability gives great foundations to go and enter the markets with confidence. Confidence comes from knowing we are trading with a proven edge. What is the strategy in use Our strategy is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. You then take this trade manually or you can automate the strategy and let it all be done automatically. Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. The strategy works on any time frame and instrument and can be set to how you wish to trade. It sounds to easy It does sound to easy but it's the reality of how our traders trade. NO excess chart time or analysis. Simple to follow and adaptable to our trade style. Built in strategy tester allows for proven edge trading while also logging all trades taken. If clarity and ease is what you want from trading then feel free to ask me any more questions. Thanks for taking the time to look at my idea Rich
Long
by RichScott
EURUSD Trade Signal: The Presidential DebatePresident Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets. EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing). The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above. The signal strategy s intentionally kept simple.
Short
by DDMARKETS
EURUSD Bullish and Bearish OutlookEarly Morning Forex Technical Analysis The purpose of this video is to prepare for both bullish and bearish likely scenarios. RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. TAGS: #ForexTrading #tradinganalysis #forextradingeducation #forexforinvestors #understandingforex #learnforex #investintoptraders #forexmanagedaccount #forextradingsystem #forextradingtips #forexinvesting #managedforex #managedforexaccounts #fundmanager #forexfundmanager #forextradingstrategy #forextradingstrategies #topforextrader
by Michael_Harding
Moving Averages - Effective Settings for Day TradersHello Traders, In today's lecture I'm explaining how to use Moving Averages effectively on smaller (1hour) time-frames. Moving Averages can be applied to all assets including Forex, Stocks, Crytpos, etc.. Please note that Moving Averages are a lagging indicator which means they print on screen after price action has moved. They by no means are a leading indicator. Your most leading indicator will either be price-action itself or correlating assets. If anyone has any questions about Moving Averages, feel free to leave your comments in the comment section below. Trade Safe - Trade Well ~Michael Harding
Education
by Michael_Harding