The daily profit foreign exchange trading strategy can allow one to make daily gains. It is very straightforward foreign exchange trading strategy appropriate for newbies as well as advanced FX traders.
Features
- You need to have the hotpips indicator.
- The timeframe recommended is preferably the one minute, five minutes and fifteen minutes charts trading.
- Only the US and London trading sessions.
- Highly recommended to utilize low currency pairs such as AUDUSD, EURSUD, USDCHF
Purchasing Rules
- Hotpips indicator blue or red histogram must be higher up the 0.00 level. This observation illustrate it is an uptrend (absolutely ignore the green histogram).
- The next step is to pause until you observe a yellow arrow pointing high up.
- Begin a purchase trade.
- Position your stop-loss a precise pips (2 to 3) pips beneath the most current support level. This assures that you don’t get ceased out prematurely.
- For your take gains, end the exchange when the risk to reward is one is equivalent to two. If you risked 10 pips, then your take-gain should be 20 pips.
Auction Rules
- Hotpips indicator blue or red histogram must be beneath the 0.00 level. This observation illustrate it is a downtrend (absolutely ignore the green histogram).
- The next step is to pause until you observe a light blue arrow pointing beneath.
- Begin an auction trade.
- Position your stop-loss a precise pips (2 or 3) pips higher up the most current resistance level. This assures that you don’t get ceased out prematurely.
Below is a chart displaying you the trade set ups and should provide you a perception of how to exchange this FX trading system:
Utilize this strategy at your own risk. WindsorForex.com cannot be responsible for any losses associated with using any strategy presented on the site. It’s not recommended to use this strategy on the real account without testing it on demo first.
