Simple Forex strategies. Working tools for beginners

Many have tried to make money on the Forex market. Only a small part of novice traders continued their training after the first stages of familiarization. And only a few earn consistently from this type of trading. The thing is that to successfully trade on Forex, you need to take into account many nuances, learn analysis methods and other factors that help you make money. Today we will tell you about six of the simplest, proven and reliable Forex strategies for novice traders.

The simplest Forex strategies for beginners:

• Line Bounce Strategy
• Free Candle
• One look
• Definition and construction of a trend channel
• Trend line and channel line
• ​Strategy with MA and ADX indicator

Asian range breakout strategy

This system is a simple Forex strategy; it does not require any deep knowledge. All you need is to know the trading session schedule to highlight the start of the European trading session.

Trading scheme

• So, we select a chart of any of the main currency pairs; the most convenient are EUR/USD, GBP/USD and USD/CHF. The last couple has been acting a little unpredictable lately, so we can focus on the two main ones. For ease of display, it is recommended to use the M15 or M5 chart.
• By the start of trading in Europe, which starts at 09:00 Moscow time in the summer, it is necessary to mark the extremes of the Asian session on the chart, that is, highlight the minimum and maximum. By the time trading begins, the quote should be closer to the middle of this resulting range. If it is close to any of the borders, that is, the distance is less than 6-7 points, then in this case we do not trade.

Another important condition that must be observed is the presence of a trend on an hourly or four-hour chart. That is, if we have a downward movement and the previous day closed with a decline without the formation of any reversal patterns, then we should trade in a bearish direction.

• If everything is as we need, then at the level of the border, which is located along the trend, we place a pending order. Let's look at the example of reduction. In this case, we will have a Sell Stop order, which we place at a distance of 1-2 points below the border, that is, the minimum of the Asian session. The size of the order should be determined based on the rules of money management, as well as the size of the stop, which we will discuss later.

Limiting losses by strategy and take profit

The logic of action for this Forex strategy is very simple - market consolidation, which is usually inherent in trading in Asia, in this case will act as a trend continuation pattern. It may not have an ideal shape, and in general it will not resemble a Flag or a Pennant, but the whole point is that the movement develops horizontally, which means it is just a correctional phase.

In this regard, we place a stop order beyond the opposite border, and there is also a logic here - this border will be the maximum of the day (the minimum in an uptrend), and these are always quite strong support and resistance for the price, so if there is a breakdown, then this will confirm the development of a larger correction, which means the stop is justified.

As for take profit, you can consider different options:

1. Set a take from any ratio with a stop. For example, it could be equality or the take will exceed the stop by 1.5-2 times.
2. Partial profit taking at certain distances, for example, fixing a third of the profit after 20 points and then another third after the next 20 points, then the last third also after 20 points.
3. Leave the order in the market, setting breakeven and attaching a sufficiently large trailing stop (40-50 points) to the order. This is relevant when there is a strong trend in the market and you can enter using this method for several days in a row. Thus, it will turn from short-term to long-term. But there is no need to rush to set breakeven, since the price often returns later to retest the broken border.

This example clearly shows how simple Forex strategies are built. The Asian range breakout has become popular because of its stability in trending areas of the market, but the technique is absolutely useless in a trendless market.

Simple Forex Strategies for Beginners

The primary thing for a novice trader is not so much making the first profit, but rather gaining useful skills, knowledge and experience. To join the trading environment, you need to devote a certain amount of time to studying economic theory, which will be required at the stages when serious trading will be carried out. Practical skills are also an important aspect. The following strategies will help a beginner learn all the technical aspects of trading, and at the same time allow him to make good money.

Hedge Hog

It has gained enormous popularity due to its extreme simplicity and the fact that even beginners can make money from it.
The main principle of the strategy is that the price is changeable and does not move in one direction for a long time: it is characterized by rollbacks. For confirmation, you can also turn to price charts, where you can easily record such situations without any effort. The trading algorithm is as follows:

1. Operations can be carried out on any day, using the Euro/Dollar currency pair. To enter, you need to wait until the daily candle completes its formation. After this, 2 transactions are opened - buy and sell. If the broker chosen by the trader does not provide such an opportunity, you can open a second transaction on a different account;
2. Stop losses are not placed on transactions;
3. The set Take Profit value should be equal to 12. This number was obtained as a result of repeated testing, which showed that 1 trade out of 20 is unprofitable. By setting this value, the trader will earn 12 points daily;
4. Very rarely, a situation may arise when the price movement does not approach the Take Profit level for 2 days in a row. In this case, you just need to close the deal manually;
5. If you receive losses, you can easily compensate them by issuing a double order amount.

The recommended starting deposit amount is $200. This will allow, if something happens, to withstand losses of even 200 points and easily compensate for them in the future. This strategy is good for its stability and high reliability. To minimize possible losses, it is recommended to trade closed orders. In this case, when the price movement turns in the opposite direction, you need to delete the position, and then wait until it reaches the Take Profit line and closes automatically.

With a similar starting deposit, you can work using other strategies. For example, the Last Kiss strategy provides for a completely lower minimum entry threshold. So if you do not have an impressive initial deposit, then I advise you to familiarize yourself with it.

It is also worth noting that the strategy involves the use of a simple HedgeTest tool. It automatically draws lines on the price chart that you need to rely on when setting up trades. This eliminates the need to independently analyze the current situation and greatly simplifies trading.

Lock with flip

The strategy under consideration, if all points are correctly implemented, is practically break-even. Trading on it does not depend on the direction of the price: you can choose any side of the movement, but the simplest is to perform trading operations in the direction of the trend. The time can also be any, but the greatest profit can be made during the most active - London session. The currency pair for trading should be as volatile as possible, such as Pound Sterling/Dollar, Euro/Japanese Yen, Pound Sterling/Japanese Yen.

After opening a deal, you need to set not a Stop Loss, but 2 orders: for selling it will be Buy stop, and for buying it will be Sell stop. Their size should be equal to the volume of the initial transaction. If the price moves in the opposite direction to the trade, these 2 orders are activated, the first of which closes the trade, and the second fixes the income.

When the sell stops are activated, you need to place 2 more Buy stop orders for the sale price. This will prevent losses if the price suddenly turns in the wrong direction. As a result, it turns out that the trader always has an odd number of transactions.

It is recommended to place closing orders at a distance of at least 30 points from the start of the transaction. This will protect you from the prospect of a harmful influence of a market flat on the trading result. All positions are closed at the end of the trading day or when a certain Take Profit level is fixed.

Traders who trade this strategy speak about it in a positive way. It is not recommended to carry out trading operations when there is a flat on the market. The rules of money management boil down to the fact that the volume of one lot should not be more than 1% of the available deposit.

Forex Ultra Filter

This system eliminates the need to conduct technical analysis of the market and look for various patterns on the chart. Its creator increased his deposit by 6 times in just a year of trading. Using it, a trader frees himself from constantly monitoring the release of various news and studying the features of the session during which trading takes place.

Trading operations are carried out on the USD/Canadian dollar currency pair. You can work at any time of the day, on time periods H1 or H4. All technical information necessary for this is provided by the Ultra Filter tool. The terms of trade are as follows:

1. If the blue bars generated by the indicator change to red, you need to open sell trades;



2. Otherwise, when the red ones give way to blue ones, you need to start buying;



3. The entry is made directly when the color changes: there is no need to wait until the current candle finishes forming. You can confidently rely on the instrument’s readings, since redrawing is not typical for it;
4. The Stop Loss and Take Profit values ​​differ on different time periods: for H1 they are 70 and 210, respectively. For H4 – 150 and 450. If even a number of unsuccessful transactions occur, they will be quickly compensated for in subsequent trading;
5. Exit from trading occurs when either the color of the indicator changes again to the opposite one, or the specified Take Profit level is reached.

The indicator is equipped with a special alert system that gives a sound signal when a trading opportunity appears. This gives the trader the opportunity not to sit in front of the computer for independent observation, but to use this time profitably.

Opening London Strategy

Since we started with session Forex strategies, let’s continue the topic now on the European part of trading, namely at the opening of London. As you know, this is the largest trading platform in the Old World, therefore, with the start of trading on the London Stock Exchange, quotes begin to move actively.

But there is one nuance - you cannot enter the market immediately after the opening, since there is no direction yet; for a few minutes the chart is just chaos. To filter all this, you need to wait until the first M30 candle closes immediately after the start of trading on this site. By this time, the rest of the European exchanges will have already traded for an hour and a half; London will have traded for half an hour. This period is considered optimal for the emergence of a short-term trend, which includes the main direction on the M30.

Trading scheme

Trading is carried out on the GBP/USD pair, but you can also consider other options with the pound, for example GBP/JPY or even GBP/AUD. So, we look at how the candle closed and at the opening of the next one, that is, at 10:30, if we consider Moscow summer time, we place pending orders:

1. At the high of this first candle M30 London. If the trend developed upward, that is, the candle closed with growth, then trading will continue the trend.
2. At the low level of this candle. If we consider the same example with growth, then the triggering of a pending sale will be an entry into a new trend, which is just emerging and may have quite a large potential. For a candle that closes down, everything is the same, only in the opposite direction.

As a result, we end up with two pending orders. If the first candle closes in such a way that it has practically no shadow (less than 3 points), then you can open directly from the market. In other cases, do not forget about the spread, that is, for breakout purchases you need to take the level of the maximum and also add the spread value to it. For the minimum, of course, this is not required.

As a result, we get two orders, but only one should work. This precaution is necessary to avoid situations when there is no trend in the market and the price alternately updates opposite extremes. Accordingly, if one of the two works, then the remaining one is simply deleted.

Now let’s look at the parameters of the order that will open, and for us exactly one of the two will open:

1. A stop order is always placed at the opposite extreme of this very first candle. That is, essentially in the same place as the second deposit. The meaning is the same as in the case of placing orders - if the market catches a delay and moves in the opposite direction, then losses will be limited to the current value.
2. The take profit can be set either fixed, which is obtained from the desired ratio of take to stop, for example, equality, or you can subsequently leave the position at breakeven and hold it until signs of a reversal appear on the same M30 chart. Such signs most often include an engulfing pattern, consecutive bars closing against the trend (2 or more), graphic patterns on short periods, and so on.

If you still decide to trade on crosses, then you should familiarize yourself with the value of a point of a given currency pair in the contract specifications, since they can vary significantly.

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Forex scalping strategies profitable simple

Scalping is the most profitable, but at the same time, a risky method of trading. It allows you to earn money as quickly as possible, but you should conduct trading operations very carefully and carefully: one mistake can cost the trader the entire amount of the lot. This is not an easy way to trade, but there is a strategy that makes it much easier.

Quick profit

The strategy in question is excellent for easy and profitable scalping. You can trade on any pair of currencies. The work is carried out on a minute time interval. As additional equipment, you will need EMA, Parabolic SAR, and MACD tools. The first one needs to be set to 25, 50 and 100, and the rest are left with default settings.

Work algorithm:

1. Wait for the start of trading sessions in London and New York;
2. Enter the market when the price line crosses all lines of the EMA indicator. The remaining two will be used as additional signal filters;
3. When the price line crosses all EMA levels in a downward direction, the Parabolic level should be below the price, and the MACD chart should rise. These circumstances are a sure sign to start purchasing. For sale, the conditions are opposite;
4. The Take Profit size should not exceed 10. This is due to the fact that the price movement can change its direction;
5. At the moment the price movement departs from the transaction level, it moves to the breakeven area;
6. The stop loss is set at the local lows or highs of the previous candle.

Forex strategy “Noon”

Session trading is completed by non-indicator trading strategies, namely the “Noon” strategy. Trading time is implied, that is, for Moscow it will be 14:00 summer time. By this point, the main trading activity associated with the direction has usually been identified. At least on the hourly chart, you can highlight the main direction in which any of the major currency pairs moved (you should trade them, since the main trading is focused on them). Therefore, we open the hourly chart and by the time of 16:00 Moscow summer time we look at the previous three candles, which formed at 12, 13 and 14 hours GMT. This is a key range that plays an important role during trading.

Trading scheme

So we have three hour candles. We plot Fibonacci levels on them, a convenient tool for determining movement goals. If the trend is downward, then we apply from the high of the first candle to the low of the third, but if it is bullish, then from the low of the first candle to the high of the third. There are two advantages here:

1. As a rule, the third candle no longer forms a trend direction, so it can be considered corrective. Accordingly, these levels, to some extent, can indicate the end of the correction and the beginning of a new round of trend movement.
2. The continuation of these levels will serve as the definition of entry and exit points. To do this, add 127, 150, 176 and 200 to the list of displayed values. Also using the example of a downward trend, they will be located at the bottom.

At level 127 we will have an entry point into the market. At this mark you should place 4 pending orders in the direction of the trend, which will be equal in volume. This is done to partially take profit, and it occurs at predetermined levels, so you can simply set a take and not monitor the development of events.

Our stop will be the level of 100, that is, the border of our range. To be more confident, you can take a small indent, that is, increase the stop by several points, since a retest of this level is possible. If everything is in order and the price moves as expected, then by the middle of the American trading session there may be a solid profit. Now let's see what it consists of:

1. Two orders should be fixed at the fibonacci level of 150 or 161, or divide them into one for each. It should be noted that 150 is not important, so the price rarely reacts to it. As for 161, this is usually a strong level.
2. Another order is closed at take level 176, and the last of the four at level 200. Also note that 200 may not be reached within one trading day, so before the end of the American session you can close it manually or leave it the next day.

As the price moves and after two orders are closed, you can put a breakeven on the remaining two - the price is unlikely to return there if it reaches 161, but still this will not be superfluous, especially since the total profit from the first two orders is already will be quite big.

Such Forex trading strategies cannot be called very effective, since the stop is often triggered, but it allows you to trade quite often, and the profit will be, although not very large over a period of a week or a month, but stable.

Simple forex strategies without indicators

Trading without indicators has a number of advantages. First of all, it is worth noting that all the work is done by the trader manually, which eliminates the possibility of errors in the analysis, which are, to one degree or another, characteristic of each instrument. Despite the need to independently analyze the market, strategies based on this principle can be much simpler than indicator ones, since many systems involve the use of several tools at once, which can cause certain difficulties. The invaluable advantage of this approach for beginners is that they will be able to develop the analytical thinking necessary for successful Forex trading. Below are effective and simple strategies for trading without indicators.

Trading the inside bar

It is based on the pattern of the same name. The strategy provides the trader with reliable input signals. The pattern used for trading is a candle located within its predecessor. Such a bar includes the same minimum and maximum values ​​as the previous one. Among the features of the system, we can highlight the fact that it is easily depicted on a chart, clearly shows trading opportunities and has high profitability.

Trading operations are performed according to the following algorithm:

1. When a rising candle is generated, a long-term order is opened, which is directed towards the downward trend;
2. When a downward candle is generated, a short trade is opened, directed towards the bottom of the trend;
3. An order to close an order is placed on a nearby resistance or support indicator of the previous trend. For long orders, the minimum point is used, for short orders, the maximum point is used.

The strategy under consideration is a trend one. The formation of an internal candle after a long-term price decline or increase indicates that a flat period is to be expected in the future. The inside bar is a transitional link between a volatile and a calm trend and is often used to determine the further situation on the chart.

Pin bar trading

The pin bar is the most frequently generated pattern in Forex. It is a very small candle with one short and one long shadow. The second shadow refers the trader to Pinocchio, a wooden boy with a very long nose. In the trading environment, the nose is the aforementioned second shadow of the candle in question. The longer it is, the higher the chance of a quick change in the direction of the trend.

Opening and closing trades are placed near the edges of the pattern. Their indicators are very close to each other, since the body of the candle is short. The most desirable situation is when the body of the bar lies within the previous one. This circumstance significantly increases the likelihood of a change in trend direction. The trading principle is as follows:

1. If the nose of the candle is under its body, you should expect the price to rise and open corresponding orders;
2. If the nose of the bar is on top of its body, a price decline is expected, on the basis of which further trading is carried out.

An important aspect of the strategy is the generation of false candles, which cannot be traded. They can be identified by the following characteristics:

1. The shadow of the candle differs little from the previous ones;
2. The bar body is located outside the boundaries of its predecessor;
3. The body is located at a great distance from the ends of the candle;
4. The nose lies within the previous candles.

The pattern is very easy to detect on the chart and can bring good profits to the trader if its properties are used correctly.

Forex strategy “Three moving averages”

The best forex strategies are usually simple and at the same time effective. It is not easy to meet these two criteria, so they are usually designed for large time frames. Let's consider a very interesting technique, which is based on the simplest definition of a trend. as well as on only three indicators of the same type - moving averages.

Trading scheme

To work, we need a chart of any active currency pair (very good to use on the pound) for the H4 period and another for the H1 period. We add three moving averages to the hourly chart:

1. Simple moving average with a period of 240.
2. A simple moving average with a period half the previous one, that is, 120.
3. Exponential moving average with a period from 36 to 72, 48 is considered optimal.

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So, we determine the trend on the four-hour chart. The best option is if a reversal has recently occurred and the trend is just beginning to develop. This rarely happens abruptly, so a correction always begins after the first movement in a new direction. After its completion, the trend direction resumes. For those who are familiar with wave theory, at least in general terms, these can be called leading waves, that is, 1 and 2. Let’s move on to the hourly chart and look at the position of the moving averages on it. The slow one, which has a period of 240, begins to gradually unfold, although not necessarily, it all depends on the situation. The main thing is that the average moving average with a period of 120 ends up in the following position:

1. Above the slow one if an upward trend develops.
2. Below slow if a downward trend develops.

Now we are waiting for a signal from the fast moving average. It should cross the average by analogy with the location of the previously mentioned indicators, that is, to enter a buy position after a correction, the fast moving average crosses the average from bottom to top. This is how a signal to enter the market arises.

Take profit and stop loss

Now let's move on to the stop. Limitation of losses due to the fact that the main time frame is still H4 should be placed behind the local extremum on the four-hour chart. This may be the level of the end of the correction or even be removed from the very beginning of the trend. The size will be quite large and reach 120-180 points. Setting short stops is completely pointless, as is early breakeven before the price moves 100 points in the desired direction.

The take profit is either fixed - twice the stop, or you can use the same scheme with moving averages, or rather, with their relative position. There are two options:

1. Take profit at the moment when the average moving average crosses the slow one against the trend. This will indicate the beginning of a new correction on H4.
2. Take profit at the moment when the slow moving average moves to a horizontal position or changes the direction of its slope.
3. When a clear reversal pattern forms, as in the example in the picture above.

Rating of the most profitable Forex strategies

The strategies described below have gained particular popularity among traders and are considered one of the most effective and simple.

Moving averages

Trading can be carried out on any currency pairs. Recommended time periods are H4 and W1. W1 is needed to determine the global trend, and H4 is needed to find and implement trading opportunities.

The weekly chart (W1) contains exponential and simple moving averages. The period of the first should be 21, and the second –5. An upward trend is observed when the price chart exceeds 2 of these levels, a downward trend – when the opposite condition occurs.

On segment H4 there are 2 simple sliding ones. Their periods are 55 and 7, respectively. To start trading, you need to have a downward trend on the weekly chart. In this case, only sell transactions are made on segment H4.

There are two ways to enter trading:

1. When the levels cross in a downward direction, a peddler opens for purchase with the same values ​​as the moving average, the period of which is 55. When the level moves, the peddler also moves. You must wait until the order is activated by the price. Stop loss is placed at the local extremes of the previous bar;
2. The intersection of levels occurs in an upward direction. In this case, the bar stops being generated above this point. In this case, you can start buying by setting Stop Losses in the same way as in the previous option.

Take profit is set based on Fibonacci levels. They are placed along the entire moving average, configured for a period of 55. Indicator settings: 144, 233, 377, -144, -233, -377. When a buy signal is detected, three trades with identical lots are placed. Take profit is set on the three Fibonacci lines obtained. It is also worth setting a breakeven for this transaction.

3 candles

You can trade on any convenient pair of currencies, within the M1 time period. The condition for starting trading is the generation of two equally directed bars with short shadows. A purchase entry is made at the moment the third similar candle is generated.

For additional identification, it is recommended to use the Stochastic tool. If its indicators indicate a downward trend when the candles are directed upward, it is not worth trading. You need to wait until the stochastic indicates the presence of an area of ​​excessive concentration of sell orders. This algorithm also applies to the mirror situation.

Trading during the London session

Trading operations are carried out in the M30 time period, during the London session (starts at 10 a.m. Moscow time).
For effective use, it is recommended to take pairs of currencies in which the pound sterling is present. Trading includes the following processes:

1. You can log in daily, but only once a day. It is carried out when the first candle has completed its formation. At its minimum and maximum points, sell and buy transactions are opened, respectively;



2. The stop loss is set in the same place, only in the opposite conditions, based on the type of transaction: it is a buy or a sell;
3. When the order is activated and the price has covered a distance of 15 points, breakeven is set.

You should not delete the second postponement, since there is a possible option with a reversal of the price movement, on which you can also make money. If it does not happen, then the profit will simply be 0 points, without loss. If the price reverses, the profit will be double. Trading should not be carried out during the period of any important news.

Trading strategy “Three moving averages” (short-term option)

There is another interesting option for using the same set of indicators as in the previous case, but only now it will be practically a scalping strategy on Forex.

Trading scheme

The main schedule remains hourly. You need to wait for the moment when a good trend movement begins. The moving averages should be arranged in this order (let’s look at the example of a falling market):

1. Slow
2. Average
3. Fast

For bullish, respectively, in the reverse order. So, such an arrangement indicates a powerful trend. Since all the values ​​were chosen for a reason, we will enter each time the price approaches the fast moving average to rebound from it. There may not be a touch, so we take a range of 10-15 points near it. The stop is located behind the average moving average. Take profit is determined by the trader himself, but you can count on 30-50 profit points.

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Rivaland strategy

Daily Forex strategies require the trader to have patience , as well as the ability to correctly assess risks. An undoubted advantage is the fact that there is no need to watch the chart throughout the day, to see how the price fluctuates within 10-15 points before leaving such a range.

One of the most interesting forex trading strategies is Rivaland. This is a simple and at the same time very profitable operating method designed for trading in a trending market, and given the long period, we can talk about reliability.

Trading scheme

To work, we will need a daily chart of any currency pair that is currently in a trend. This is a key point, since it is intended to trade in this direction.

In order for a signal to be generated, the market must enter a correctional phase. In our case, this will be three days in a row that close against the trend. This duration was not chosen by chance - a shorter period of time can indicate only part of the correction, but we are interested in it in its entirety. Therefore, we wait for the formation of the desired combination and place an order for a breakout of the extremum of this third candle; the order will be in the direction of the trend:

1. If the trend is growing and the correction is directed downward, then the order will be for a breakout of the high of the third candle.
2. If the trend is downward and the correction is upward, then the minimum of the third candle is broken.

A situation may arise when the correction continues to develop, therefore, if a new day has formed in the same direction, then now it will become a reference point for us, that is, an order will be placed at the extremum of this day. This will continue until the order is triggered or the trend is broken, in which case entries in the intended direction are canceled. So, having dealt with the entry, let's move on to the stop. It should be set for a local minimum or maximum, that is, for the end of the correction. As for take profit, it can be set in the following ways:

1. As a guide, take the reversal point from which the correction phase began.
2. Take the ratio between stop and take at 1:1 or 1:1.5.
3. Hold the position, fixing part of the profit every day at the close, or simply setting a breakeven, and close it when the trend changes.

Simple Intraday Forex Strategies

Intraday trading is characterized by a large number of transactions and their high risk. It is suitable for calm and stress-resistant traders who need big and quick earnings. Examples of simple strategies that are perfect for mastering this trading method and quickly making a profit. And additionally, find out where to look at cluster volumes. This will help in profitable trading.

Simple

Trading is carried out within the M1 time frame, on the Pound Sterling/Japanese Yen pair. For maximum efficiency, you need to install the Bollinger Band tool and set the following parameters:

1. The deviation value for the red line is 2;
2. The deviation value for orange is 3;
3. The deviation value for yellow is 4;
4. The period for everyone is 50.

It is recommended to carry out trading operations between the end of the Japanese and the start of the London sessions. The condition for refraining from trading is the presence of a flat on the chart and the possibility of any thematic news appearing.

A purchase is made when the price line is between the red and orange lines below. The Stop Loss value is calculated from the maximum allowable loss and equals, on average, 3%. The sale is carried out under the opposite circumstances.

Outsider

A prerequisite for obtaining benefits when working with a strategy is the implementation of all its points. Trading is carried out on the M15 segment, within the Pound Sterling/Dollar currency pair. It is also necessary to have an additional indicator - EMA, the period of which should be 9.

To enter trading, you need to look for bars that are located as far as possible from the moving average line. It is also recommended to take only those of them whose minimums or maximums are close to the indicator line. In this case, the recommended distance between them should be 1 point.

The price at the time of opening a buy order must necessarily exceed the level that was at the maximum of the previous candle. The Stop Loss indicator is located at the same level as the previous low. The Take Profit value is equal to the number of points of the previous bar. In a situation where the price movement has made a jump by a distance of more than 20 points, breakeven is set.

Forex strategy “10+10”

Win-win forex strategies are nothing more than a myth. However, there are short-term trading options that come very close to break-even Forex strategies. These include an intraday Forex trading strategy called 10+10. This is a fairly simple technique that requires only two simple indicators, which are found in every trading terminal and even in web platforms. Trading will be carried out on the M30 period, and it is advisable to use one of the main currency pairs. To trade you will need the following:

1. Simple moving average with a period of 20.
2. Momentum indicator with a period of 5.

For maximum convenience, you should mark level 100 on the indicator. This will allow you to quickly assess the position of its signal line relative to this value, which can be called the key value in this strategy.

Trading scheme

Now let's look at entering the market. To do this, the market needs to change the direction of its movement, namely, cross the moving average. It is important to remember that until the intersection is closed, the candle itself cannot be considered completed, since it can go back and in the end there will be only one shadow that has pierced the moving average. After the breakout has taken place, you need to look at the momentum value:

1. When breaking through the moving average from top to bottom, its value must be less than 100, that is, below the level marked in the indicator window.
2. When breaking out from bottom to top, we need a value greater than 100 to enter, that is, above the level.

This very simple system allows you to assess the situation literally in seconds. Therefore, you can open a deal on the next bar, which comes after the breaking moving average.

Limiting losses and taking profits

Stop loss in this strategy is supposed to be placed in two ways:

1. You can remove it behind the candle that broke through the moving average, that is, its countertrend extreme.
2. You can bet a fixed amount of 10-12 points.

Now let's move on to the take. This is where the meaning of the name of this wonderful strategy is revealed. If the price moves in the direction we need, then after 10 points we take profit on half the position. By this time, the stop can either be left in place (or at a distance of 10 points) or transferred to breakeven. If trading is carried out on volatile pairs, for example with the pound, then it is better not to rush. The next profit can be taken in another 10 points. The result is an average of 15 points in a full working lot (10+20 in halves). In this case, our stop is conditionally 10 points.

And what is most valuable is that very often this stop will be break-even, since the price moving along the trend is highly likely to pass these required 10 points in order to ultimately break even. For this reason, this strategy can be classified as a break-even Forex strategy .

Forex strategies based on moving averages SMA (Moving Average)

Strategies based on the SMA indicator provide a good risk/reward ratio. This strategy can be called one of the most popular strategies in the Forex market, of course, if it is used effectively.

Using SMA, you can determine the current direction of price movement for a selected period of time, which in turn allows you to decide whether to open a sell or buy deal.

Source: Admiral Markets MetaTrader 4 Supreme Edition

For example, if you have set up a 12-period SMA and use it on the 15-minute time frame when the price is higher, then the situation is favorable for buying.

Likewise, if the price of a currency pair falls below the 12-period SMA, it could be a sell signal.

This simple Forex trading strategy is great for beginners as it can be used on any time frame and any asset. Moreover, you can easily combine SMA with other indicators. The SMA is the basis of many trading systems.

But no matter how you proceed, be sure to test all Forex trading strategies using a demo account before using them on a real one. Another way that allows novice traders to try out various indicators is the Trading Simulator from Admiral Markets, which allows you to test the system much faster.

“5 candles” strategy

A very simple method that relates to daily Forex strategies. It is based on an interesting pattern - pairs with the pound at different periods of time can sometimes create trend movements consisting of candles that are constantly closed by rising or falling. That is, every day at the end of the American session, the closing level of the day will be further along the trend than on the previous day. Sometimes such series can reach double digits in the number of bars. You can take advantage of this, but you need to be prepared for the fact that anything can happen during the day. That is, endurance is required here; it often happens that everything is talking about a turn to H1 or H4, but by the end of the day we still close further. Now let's see how to apply this.

Trading scheme

First you need to wait four days in one direction. These should be four rising or four falling candles in a row, but with a small tolerance - if the day closes approximately in the same place where it opened with an error of 3-4 points, then we still take such a day into account, since the close can fluctuate greatly due to evening spread extensions. The entry is made at the opening of the fifth candle in the direction where the first four went. The stop should be set beyond the extremum of the fourth candle, which is directed against the trend:

1. In a growing market this will be the minimum.
2. In a falling market this will be the maximum.

If the range of the candle turns out to be very small (less than 40 points, which is very small for pound pairs), then you can use a fixed value, for example, 60-70 points. As soon as the price closes the new day in positive territory, you can move the stop either to breakeven, or to a similar extreme, only now on the fifth candle. We do the same with a take, that is, in fact, there is no take itself, but there is a profit stop that moves following the price. An exception may be a situation with the formation of a very precise and accurate candlestick pattern of a reversal nature. In other cases, you can hold the position either until the first bar that closes against the trend, or until a profit stop behind the extreme of the previous bar.

Strategy “Scalping by MACD and EMA”

Minute Forex strategies are very rarely truly reliable. The reason for this lies in the fact that in the market it is precisely on this time frame that noise fluctuations are most noticeable. However, some techniques that are classified as scalping strategies on Forex show quite acceptable results. Let's look at one simple Forex trading strategy that can be adopted by those who like to tickle their nerves.

Trading scheme

To work, we need a minute chart of a trading instrument with a small spread - it can be EUR/USD, GBP/USD, USD/JPY or USD/CHF. Add the following indicators to the chart:

1. MACD with standard parameters 12;26;9.
2. Exponential moving average with a period of 13.
3. Exponential moving average with a period of 21.

The trading technique is extremely simple. The main thing is to choose the right time. You cannot trade during the opening of a new trading session for the first half hour, since the movements will be multidirectional; you should also not trade at the end of the American and the beginning of the Asian trading sessions. We enter after the following signals:

1. To purchase. The fast moving average crosses the slow one from the bottom up, the MACD is in the positive area, that is, the chart is above zero.
2. For sale. The fast moving average crosses the slow one from top to bottom, the MACD is below zero.

With take, everything is quite complicated, since you can fix it too early, if you use the exact value, it still takes minutes. Therefore, you can practice the movement until the moving averages intersect again, giving a kind of reverse signal (but it will not work if the MACD does not rebuild, and this is hardly possible with such fast movements). We set the stop at a distance of 6-8 points, this is the optimal value. However, you should try to avoid trading in co-consolidations, which are clearly visible in the minutes. In this case, the strategy becomes completely ineffective and brings more losses than profits.

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Simple profitable forex systems

Having a specific trading strategy is very important for both professionals and beginners. The strategies described above are great for taking your first steps into Forex trading. They are extremely simple, effective and, most importantly for a beginner, they can help the user gain practical skills and experience.

You can trade in different ways: such a wide variety of different trading systems are proof of this. Also, upon reaching a certain level, a trader can independently develop methods to suit his individual preferences and capabilities. But it would still be better to start with ready-made and proven strategies.