Some perform better than others, and each individual trader will find some strategies more suitable for them to trade than others. Click here to get the 10 Best Forex Strategies sent to you, starting now!
The Bladerunner is an exceptionally good EMA crossover strategy , suitable across all timeframes and currency pairs. It is a trending strategy that tries to pick breakouts from a continuation and trade the retests. Fibonacci Pivot Trades combine Fibonacci retracements and extensions with daily, weekly, monthly and even yearly pivots. The emphasis in the discussion here is on using these combinations with daily pivots only, but the idea can easily be extended to longer timeframes incorporating any combination of pivots.
The Bolly Band Bounce Trade is perfect in a ranging market. Many traders use it in combination with confirming signals, to great effect. If Bollinger Bands appeal to you, this one is well worth a look. The Dual Stochastic Trade users two stochastics — one slow and one fast — in combination to pick areas where price is trending but overextended in a short term retracement, and about to snap back into a continuation of the trend.
Overlapping Fibonacci trades are the favourites of some traders I have known. If used on their own, their reliability can be a little lower than some of the other strategies, but if you use them in conjunction with appropriate confirming signals, they can be extremely accurate. The extra volatility you get when London opens presents some unique opportunities. The London Hammer Trade is my take on an attempt to capitalise on these opportunities. As mentioned above, the Bladerunner is a trend following strategy.
There is a simple trick to determining whether or not price will continue in the direction of the breakout, and you must know it in order to profit from these situations. The forex fractal is not just a strategy but a concept of market fundamentals that you really need to know in order to understand what price is doing, why it is doing it, and who is making it move.
This is the kind of inside info that took me years and many thousands of dollars to learn. The problem with most of these sites is, as mentioned above, they just give a brief description of each strategy, with little real proof that they work.
Consequently, there is a need for greater research on your part before using any of those strategies in your actual trading. Once you have selected a strategy from one of these sources you will of course need to thoroughly back test and forward test it. The various processes for this are covered in Forex Strategy Testing There are also several commercial systems to consider.
Since these are more comprehensive than the simple strategies presented above, and thereby fall into the definition of Forex Trading System, they are dealt with separately in the following section, Forex Trading Systems. Like, what time frame and time zone you will be trading, what kind of risk profile, what kind of trading appeals to you: You could try any of these strategies, I suggest you just test them and adapt them to your needs.
But I noticed two things in what you say that are absolutely red flags to me:. Again, read through the free stuff available on AuthenticFX and elsewhere to get schooled up in this. You can either ask questions publicly here, or contact me product through the contact form from the menu at the top of any page on the site. I suggest you have a look at the 10 Best Strategies on the website. You can get them delivered, one per day, or download them as a PDF. I am interested in Forex, but I need some help in how to go about trading, whens the right time etc.
You can also join the other mailing lists for things like access to the members mailing list, and the intro to the candlesticks course mailing list.
Hi Khaled, it is not that, you have a good Strategy. We need to follow Discipline and Strict Money Management policies. So, by finding a good strategy, and following above principles, we can good consistence results.
A breakout is the point at which the market showcase moves past the limits of its union, to new highs or lows. At the point when another pattern happens, a breakout must happen first. In any case, the inconvenience is, not all breakouts result in new patterns.
In Forex, even such basic methodology must consider chance administration. Thusly, you look to limit your misfortunes amid the pattern separate. Really, you could adjust many of the strategies shown here to that timeframe, time zone.
Probably best to start off on a demo anyway, and play around with strategies like the Bladerunner. Somebody in my Myspace group shared this web-site with us so I came to take a look. Great weblog and exceptional layout and type. Hi Enron, many thanks to your forex blog best 10 strategy.
Which strategy were you going to start on, and which parameters were you in doubt about? Keep in mind that there is only a certain amount of information I can fit into a blog post: Hi Erron, Thanks for the 10 strategies. Thanks for the feedback. I checked out your strategy, which sounds interesting.
I configure all my charts with boll bands at 15 minutes. I think support and resistance lines actually do act very well on any timeframe, but you have to realise that depending on things like current liquidity in the market, time of day, news announcements and so on, price can just go charging through such levels at any time. Read through them to get a general understanding, and perhaps choose one or two that you like and try trading them on a demo account. Everything I teach on the site revolves around a trader investigating strategies that may or may not be a good fit for them personally, finding one or several that seem to be a good fit, and then live testing them to verify that they are a good fit.
It all depends on your time zone, hours available to trade, risk profile and so on. Dear Erron, Thanks for addressing about performance. As i am just getting started, Performance section will be updated with time, also i will launch my free book on Forex trading, which will be a Gem in nature, in near future. Also future videos which will be posted on my YouTube channel, will include live trading videos. The strategy works on price movement along y axis. Selling this strategy was never a plan, but i have another project, a Trust Eye Hospital where i will be providing laser eye treatment to general public for free.
Also to know about the release of my FREE book. You really need to define your needs and current circumstances a lot more before I could give any kind of meaningful answer. Hey Erron, thanks for this great list, i wanted to ask you: Almost impossible to achieve with automated trading, at least with respect to the fine-tuning aspects.
I would like a strategy that works for 15 min- 1hr time frames. I usually trade around London but it would be nice to find one that works for the Asian session. Plentry for you in those applied to the times you want to trade. I tried my best to look for patterns and drawing supports and resistance, however i still lose money..
Please have a look at:. And then read everything else under the Start Here menu, to begin with. You must understand that you are at the very beginning of a long road, and success will not come quickly, especially if you try to run before you can walk.
I totally agree, which if you have time to read the rest of the site beyond this page you will quickly see. I always emphasise things like fundamentals, time of day, current market sentiment as well as raw price action. Selecting a trading strategy is like selecting a new car: How you drive it is largely dependent upon how well you pay attention to things like current conditions, risk management etc.
Are you a forex trader really! I have been trading on the demo account, and I found forex trading very interesting. What kind of a strategy would be best for me and would also at the same time teach me a lot about the market? Your help is really appreciated. Alternatively, you could have a look at the 10 Best Forex Trading Strategies course:.
You are wise to be trading on demo account at this stage in your trading, and the only advice I can give you apart from that is to be patient and at this stage, pick up whatever you can have value from trusted resources.
However, I was very impressed with its accuracy. Is there any decent auto traders that one can use? Not that I am aware of. The whole deal with forex robots has gotten pretty quiet in the last few years, particularly after the GFC struck.
Trend trading is one of the most profitable and low risk trading strategy. I always trade with trends because once you follow a trend, the most chances are it will make you profits.
Does anyone know anything about www dot forexsignal dot com — they have forex signals and not sure how they strategy works. I would love to hear any suggestions, please,please, please. Try the Bladerunners, mixed with the Fractal strategy, and look for breakouts after the open of Singapore. I trade a similar time myself, but rarely bother with anything before Singapore opens. Dear administrator I tried to do marketing for my trading model but you erased my posting.
An amateur trader that is making pips with just 50 day trades a year. Sam, you are correct: This might be a long shot, but do you have any strategies you may recommend that would qualify as scalping, say on the 1. I have a long term strategy that works reasonably well but having trouble with finding a scalping strategy. I did do some extensive experimentation a couple of years ago with trading off the Paleo levels on the five-minute chart, sometimes using the one minute chart for entries and exits.
I used the polarity indicator to assist me with determining the technical trend. The important thing is, given the fact that you are stretched pretty thin with all your work, school and other commitments, that you can be alone with the market at that time, be in a relaxed state of mind, and have knowledge of exactly what is driving the market around the pairs you are trading at that time.More...