JRFX Forex player
Member
Today, we're sharing four high-profit trading strategies summarized by a trader with 15 years of experience. These strategies have helped him move from losses to profits. Let's see which one suits you best!
1. Moving Average Crossover Trading Strategy
Features:
- Simple and easy-to-use trend-following strategy
- Easy to set stop-loss
- Applicable to any currency pair and timeframe
Strategy Setup:
- Add a 9-period Exponential Moving Average (FMA) to the chart
- Add a 14-period Exponential Moving Average (SMA) to the chart
Entry Conditions:
- Enter a long position when the FMA crosses above the SMA
- Enter a short position when the FMA crosses below the SMA
Exit Conditions:
- Set the stop-loss at the low/high of the candle before the crossover
- Set the take-profit at 1.5 to 2 times the stop-loss
2. MACD Divergence Trading Strategy
Features:
- Easy signal recognition
- Potential for substantial profits
- Suitable for short timeframes
Strategy Setup:
- Add the MACD indicator, set to Fast EMA 12, Slow EMA 26, and SMA 9
Entry Conditions:
- Enter a long position when both price and MACD show a bullish trend
- Enter a short position when both price and MACD show a bearish trend
Exit Conditions:
- Set the stop-loss near the support/resistance level
- Set the take-profit at the next support/resistance level
3. Forex Gap Strategy
Features:
- Uses clear rules for regular trading
- No stop-loss or take-profit settings
Trading Steps:
- Choose a highly volatile currency pair, such as GBP/JPY
- Check for a gap at Monday's open; the gap should be at least 5 times the average spread
- Enter a long position if Monday's open is lower than Friday's close, and vice versa
- Close the position before the end of the trading week
4. Support and Resistance Trading Strategy
Features:
- Low and clear stop-loss
- Relatively high accuracy
Trading Steps:
- Identify support and resistance levels, formed by two or more candlestick lows/highs
- Enter a short position when the closing price is below the support level, and a long position when it's above the resistance level
- Set the stop-loss at the low/high of the previous candle
- Set the take-profit according to the stop-loss or use a trailing stop
Join the Discussion
Want to learn more trading strategies and share experiences? Join our discussion group and connect with other traders:
- Telegram Group: https://t.me/jrfxasia2024
- Get free bonuses : https://www.jrfx.com/2024/april/en/?396
1. Moving Average Crossover Trading Strategy
Features:
- Simple and easy-to-use trend-following strategy
- Easy to set stop-loss
- Applicable to any currency pair and timeframe
Strategy Setup:
- Add a 9-period Exponential Moving Average (FMA) to the chart
- Add a 14-period Exponential Moving Average (SMA) to the chart
Entry Conditions:
- Enter a long position when the FMA crosses above the SMA
- Enter a short position when the FMA crosses below the SMA
Exit Conditions:
- Set the stop-loss at the low/high of the candle before the crossover
- Set the take-profit at 1.5 to 2 times the stop-loss
2. MACD Divergence Trading Strategy
Features:
- Easy signal recognition
- Potential for substantial profits
- Suitable for short timeframes
Strategy Setup:
- Add the MACD indicator, set to Fast EMA 12, Slow EMA 26, and SMA 9
Entry Conditions:
- Enter a long position when both price and MACD show a bullish trend
- Enter a short position when both price and MACD show a bearish trend
Exit Conditions:
- Set the stop-loss near the support/resistance level
- Set the take-profit at the next support/resistance level
3. Forex Gap Strategy
Features:
- Uses clear rules for regular trading
- No stop-loss or take-profit settings
Trading Steps:
- Choose a highly volatile currency pair, such as GBP/JPY
- Check for a gap at Monday's open; the gap should be at least 5 times the average spread
- Enter a long position if Monday's open is lower than Friday's close, and vice versa
- Close the position before the end of the trading week
4. Support and Resistance Trading Strategy
Features:
- Low and clear stop-loss
- Relatively high accuracy
Trading Steps:
- Identify support and resistance levels, formed by two or more candlestick lows/highs
- Enter a short position when the closing price is below the support level, and a long position when it's above the resistance level
- Set the stop-loss at the low/high of the previous candle
- Set the take-profit according to the stop-loss or use a trailing stop
Join the Discussion
Want to learn more trading strategies and share experiences? Join our discussion group and connect with other traders:
- Telegram Group: https://t.me/jrfxasia2024
- Get free bonuses : https://www.jrfx.com/2024/april/en/?396
