Stop-loss is one of the great inventions of the financial trading. Meanwhile, it is also one of the prominent cursed things in foreign exchange. No stop-loss fx trading strategy involves trading without setting up a stop-loss.
Trading without a stop-loss is actually vulnerable so don’t try utilizing this strategy with a live forex trading account. Recommends first testing no stop-loss fx trading strategy in a demo account.
- You can utilize the strategy with any currency pairs.
- Highly recommends utilizing the no stop-loss forex trading strategy in a timeframe of above 15 minutes.
Required Forex Indicators
A seven rapid change moving average and the fourteen aggressive moving average.
Here is how they actually work:
- When 7ema bypasses 14ema to the upper side. That indicates an uptrend and only plan to purchase.
- If 7ema bypasses 14ema to the downward side. That’s indicates a downtrend and only plan to auction.
- Watch to observe if 7ema bypasses 14ema to the downward side.
- The next step for you to do is auction at the market, at the nearby of any vigorous (Green) candlestick that creates a higher low. And you do that for as frequent candlestick that appeases this circumstance after the ema crossover to the upper side.
- You end all of your exchanges once you notice a vigorous candlestick nearby higher up the 14 ema line.
- You don’t need to position a stop-loss.
Observe the chart below for accuracy:
- Watch to observe if 7ema bypasses to the upper side.
- The next step is to purchase at the market, at the nearby of any bluff (Red) candlestick that creates a lower low. And you do that for as frequent candlestick that appeases this circumstance after the ema crossover to the down side.
- You end all of your exchanges once you notice a bluff candlestick nearby beneath the 14ema line.
- You don’t need to position a stop-loss
Observer the purchase set ups beneath for more accuracy:
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.