The Bladerunner Forex Strategy

The Bladerunner forex strategy is a price action trading so it using tools like candlesticks, pivot points, round numbers and support and resistance levels when trading this strategy. But you can add more indicators if you think that they're useful or you feel more comfortable having some extra confirmation.

In this article we use the 20 EMA for confirmation indicator. Another alternative is to use the midline of the standard 20 Bollinger bands. Either works well, in fact you can use both to trade it as a Bollinger band EMA strategy.

The Bladerunner forex strategyp can be traded on any pair. It can also be traded on any time frame, but the examples below are from 5 min charts.

It can be traded at almost any time of the day, but obviously some times are more reliable than others. For example, the early part of the Asian session may provide a decent break out and retest giving an entry, whereas the Asian afternoon session can be very slow. Then, when London opens the price may be too erratic and volatile to give any reasonable entries for any strategy.

Later again, after the initial flurry of news announcements has passed and price has settled, you may once more get a reliable entry or two. You will therefore have to adjust this strategy to the times when you are able to trade it.

The strategy is named Bladerunner because the 20 EMA acts like a knife edge dividing price. If price is above the EMA, and respecting it, and retests the EMA, it will likely reject to the long side. And if price is below the EMA, and respecting it, and retests the EMA, it will likely reject to the short side. A few examples might help to clarify:

If price is below the 20 EMA, our bias is short and we would be looking for price to move up and hit the 20 EMA, reject and then move down.

However, if price pierces the 20 EMA and closes convincingly above it, we deem price to have switched polarity and now our bias changes to long. (This can be seen occurring at the right of the above picture). From now on we would be looking for price to move down and hit the 20 EMA, reject and then move up.

An example of one definite and one possible losing trade:

Essential entry parameters for this setup are:

• Price must break out of consolidation or a range prior to entry, i.e. it must be trending
• Price must then retest the 20 EMA successfully

What constitutes a successful retest?

If price is above the EMA it must bounce from and stay above the EMA; and vice versa for when price is below the EMA. More specifically: The first candle that touches the EMA should close on the same side of the EMA as it approached it from.

This then becomes the signal candle. Price has now rejected from the EMA and we are looking to see if the next candle confirms the move. If the next candle continues the move away from the EMA then this candle becomes the confirmatory candle. This is a simple way to trade the strategy; if you want to play it safer you could insist on a recognisable forex candlestick pattern occurring to confirm the trade.

n.b. if the Bladerunner seems simplistic, it is because forex price action and current fundamentals are factored into trading decisions. No entry is ever taken based purely on price having rejected from the 20 EMA.

Impotant Notes:

• Always look for a confluence of reasons to enter the trade. For example, it’s safer to have more than just a rejection from the 20 EMA. Ideally, you would like to see this happening at the same place as an old support/resistance level, pivot level or other significant price impact point.
• Always be on the lookout for impending news announcements when trading this setup, especially on the lower time frame charts. I generally will not enter any trade within 30 to 45 mins before a scheduled news event, and will always wait at least 15 mins after the event before considering a trade.
• Always trade with the direction of the current trend, as determined by which side of the EMA or polarity indicator price is currently on.

Order Placement:

(Note: the following parameters call for spreading your entry across two orders, but nowadays I have found that it is simpler for me to just enter one position/order per trade. However, many traders prefer to have their trade split across two positions, as this enables them more flexibility in their exits.)

A suggested approach is to open 2 orders when trading this strategy. The orders are as follows:

For a long entry:

• 2 buy stop orders are placed with entry 2 pips above the confirmatory candle.
• Orders expire at the start of a new candle. For example, if entering limit orders on the five-minute chart, those orders will expire at the start of the next five-minute candle, unless they have already been filled by price action on the current five-minute candle.
• The stop loss is placed 2 pips below the signal candle that touched the 20 EMA. This particular rule is not set in stone, you may place the stop behind a recent swing point if you believe that would give a more realistic stop size.
• The take profit for the first order is set at an amount equivalent to the risk in pips. For example, if the risk in the trade is 20 pips, the first order’s take profit target will be set at 20 pips.
• The take profit for the second order is set at an amount equivalent to double the risk in pips. So, to use the above example, the take profit on the second order would be set at 40 pips.

For a short entry:

• 2 sell stop orders are placed with entry 2 pips below the confirmatory candle.
• Orders expire at the start of a new candle. For example, if entering limit orders on the five-minute chart, those orders will expire at the start of the next five-minute candle, unless they have already been filled by price action on the current five-minute candle.
• The stop loss is placed 2 pips above the signal candle that touched the 20 EMA. This particular rule is not set in stone, I may place the stop behind a recent swing point if I believe that would give a more realistic stop size.
• The take profit for the first order is set at an amount equivalent to the risk in pips. For example, if the risk in the trade is 20 pips, the first order’s take profit target will be set at 20 pips.
• The take profit for the second order is set at an amount equivalent to double the risk in pips. So, to use the above example, the take profit on the second order would be set at 40 pips.

Trailing stop:

Once price has moved in favour of the trade by an amount equivalent to the initial risk, one of the orders is closed (due to its reaching take profit 1 level) and the stop loss on the remaining order is moved to breakeven. Using the above examples, once price moves 20 pips in favour of the trade, the first order is closed and the stop loss on the remaining order is set to breakeven.

This remaining order’s stop is then left at breakeven until the market closes the trade, either by reaching the profit target or by stopping out at breakeven. Again, this rule is not set in stone: there may be times when you may wish to continue trailing the stop beyond breakeven, for example, when a news announcement is imminent.

Morning 2 Trendlines Forex Strategy

This forex strategy is very simple but it proved give profitable trade. Only use 2 lines trendline tool during in the morning or starting of the day. We recommend you have to first understand how to use the trendline line tools in Metatrader 4. And try this forex strategy in virtual account first before applied for real trading

How to Make Morning 2 trendlines

1. Open MT4 Chart on 1H time frame, recommeded pair are EURUSD or EURJPY
2. Use the line separator period to see prices from day to day
3. Pull trendline from Highest yesterday to the Highest of the first candel on this day.

4. Pull trendline from Lowest yesterday to the lowest of the first candel on this day.

Open Position Rules

After you make 2 trendlines, now wait a second candel close on this day .

1. Open BUY if second candel close above the trendline.
2. Open SELL if second candel close below the trendline
3. If the second candel doesn't close above/below the trendline, then wait for the next candel.
4. Use your money management to take profit and stop loss. You can take profit near supply and demand or support resistance line

Tom's Simple 7 Strategy

Tom's Simple 7 forex strategy using EMA indicator setting 7 (close) as a determinant in taking open position. This scalping forex strategy work good on any time frame. It's a simple strategy but good enough to read the direction of price movement. Premises should be combined with higher timeframe. And you can add your indicators if you like.


How to setup the chart:

• Set a 7 close price EMA.
• Set a 50 close price EMA

How to Trade

If the 7 EMA is lower than the 50 EMA trade only the short opportunities for maximum risk/reward. So if the closed candles are below the 7 EMA trade short.

If the 7EMA is higher than the 50 EMA trade only the long opportunities for maximum risk/reward. So if the closed candles are above the 7 EMA trade long.

This is a trend-based strategy. The 50 EMA is there to indicate an increasing, decreasing or consolidation trend. I would not be interested in trading this strategy in a period of consolidation.

Warning:
These instructions expect that you have basic trading experience and is not meant to teach or train you in trading derivatives or forex. With that said, you can use this method on any timframe, but since we are differentiating the positions above and below the 7 EMA that means you will have to monitor your trade constantly after you enter it.

Note:
This method was left simple to allow people to use it as I basically set it forth, but also to allow you to adjust it to meet your needs and allow room for your new ideas based on it.

Dolly Forex System Indikator Ver 13

Dolly Forex System was developed in Forex TSD forum and now Dolly indicators has build in version 13. Until now, this indicator was claimed still give profitable result, and it had shared on many forex forum.

Forex Dolly method is very simple, wait for break buy or break sell, directly open position when meet this condition. The profit targets was set in 1st and 2nd target. Thid Dolly indicator suitable in any currency pair on H1 timeframe.

This picture was taken on April 11, 2012 on GBPUSD Chart. Price hit 1st and 2nd target at once.


DOWNLOAD Dolly Forex System Ver 13  Pass: www.proforexstrategy.com

Extract and put Dolly indicator in your indicators folder on your Metatrader 4 platform.

Source: Forex TSD

Renko Chart and Magnetis Line

Renko Chart and Magnetis Line forex strategy is simple strategy but very profitable. It has several indicators used to predict price direction and knowing when price has reached over bought or over sold. Can be used in many pairs like EURUSD and GBPUSD.

What you need to setup this forex strategy?
All you need are indikators+Renko EA and guide how to install this indicator on your metatrader chart. You can download this indikator here Renko Chart and Magnetis Line Indicators

Open BUY Position :

• Observe the price must touch first magnetic white line (150)
• Shown blue SEFC Indi at least 2 boxes
• Red candle become blue candle (change in trend)
• MA Yellow Colour
• Blue uni cross appeared

Confirm to BUY
When all the preparations are being match with the rule above
Then: Blue + aqua candle was already above the Blue MA Line. BUY position can be done. SL 50 TP 50-100 pips

Open SELL Position :

• Observe the price must touch first magnetic white line
• Shown RED SEFC Indi at least 2 boxes
• Blue candle become Gold candle (change in trend)
• MA Yellow Colour
• Red uni cross appeared

Confirm to SELL
When all the preparations are being match with the rule above
Then: Red + gold candle was already below the Blue MA Line. SELL position can be done. SL 50 TP 50-100 pips

If the price touches the line magnetic red / blue (Magnetis 300).
BUY and SELL can be taken with the same rules as above, the differences are we use larger TP, it is 100-150 pips.  Happy Trading :)

Kijun-Sen Bandit Forex Strategy

“Kijun-Sen Bandit” Forex Strategy is a simple but powerful strategy in forex trading. Work fine in H1 Time frame for major currency pairs: EURUSD, GBPUSD, USDJPY and USDCHF.

Indicators: 

1. Kijun-Sen (26,9) - A key indicator in this forex strategy, because it enables the point of equilibrium in the market.  
2. Exponential Moving Average EMA (8) - red and EMA (24) - blue. 
3. The indicator forex BBands_Stop_v1 - based on Bollinger Bands. It allows you to define stop-loss level, a trend and reverse signal in the market. 
4. ADX (14), with set at levels 20, 30 and 40. 
5. Forex Indicator - MACD (12,26,9). 
6. Stochastic Oscillator - Stochastic (30,10,10), drag and placed it with MACD. ADX  was used to confirm a trading signals - determine the yield rates from the overbought and oversold (the intersection with the levels: 20 and 80).

Buy when:

1. The price rose above the indicator line Kijun-Sen (yellow line) 
2. Red EMA (8) crosses the blue EMA (24) from the bottom to up. 
3. The indicator BBands_Stop_v1 draws under the price of big red dot (hereafter becomes a line with points). 
4. ADX line and the line of DI should over its level 20 and growing. 
5. The histogram of the MACD indicator is located on the positive side (above its zero line).

Sell When:

Price and indicator move opposite the BUY rule.

Stop Loss:

For safety stop-loss order should be set higher by 1-2 ticks level indicator forex BBands_Stop_v1. And then it should move forwards prices higher next traced the points of the same indicator (BBands_Stop_v1). 

Close Position:

To closig position should be in any of the 2 cases: 

1. Candle closed at the opposite side of the indicator Kijun Sen. 
2. Reverse the intersection of 2 exponential moving averages. For opening and closing on sale of acting opposite rule. 

Addendum: Move your stop loss to breakeven after reached 20-30 points in the direction of trade position. And also, if you wish, you can close part of the position.


Download Kijun-Sen Forex System Indicator:    

• 4shared.com   or   
• Mediafire.com  ( pass: www.proforexstrategy.com )

BBMA Forex Strategy

BBMA or Bolinger Band + Moving Average forex system is a pretty popular strategy these days. Many traders use this strategy and they find it’s quite helpful to predict the price movements. Mainly to predict the big trend and find where and to where prices will move.

This forex strategy can be used on any time frame but It’s recommended used on timeframe H4 and H1 to know the big trend anda use M15 for make entry decision. On pair EURUSD, GBPUSD or USDCHF.

Setup the Indicators on your chart 

1. Add Bolinger Band Period 20, Deviation 2 
2. Add Bolinger Band Period 20, Deviation 1 
3. Add Moving Average Period 5, MA method : Linear Weighted, Color : RED, Apply to : High 
4. Add Moving Average Period 5, MA method : Linear Weighted, Color : PURPLE, Apply to : Low 
5. Add Moving Average Period 55, MA method : Expotinential, Color : Aqua, Apply to : Close 

How to trade 

1. Determine the big trend by looking the Moving Average (MA 55) on timeframe H4 and H1, look if the candel prices is below candlestick or above. If they're below of MA 55 then we are going to find any chance to sell on TF M15. And vice versa if they're above of MA 55 then we're going to find any chance to buy on TF M15. 
2. In time frame M15 the best signal for entry when the candlestick touch upper or lower bollingger band, Especially when you see good signs for candel reverse like doji or long shadow. 

It’s very recommended to use this forex strategy using your demo account until you familiar with it at least 3 months. After that you can go with your live account. Happy trading…!


Download BBMA indicator :  BBMA indicators and Template


Credit : dollarsmagic from mt5 forum

Magic Breakout Forex Strategy

A breakout signal occurs when the price breaks a significant high and makes a new high. This is the definition. Another breakout occurs when the price breaks a significant low and makes a new low. Magic Breakout Forex Strategy is a simple system, It is easy to use but gives impressive results on forex trading.

Setup and Indicators for Metatrader;

1. Timeframe 1 Hour Chart
2. Pair GBPUSD or other currency pair
3. CCI 20 (Commodity Channel Index, Period 20, Typical Price)
4. EMA34 High, EMA34 Close, EMA34 Low. This three EMA-s will be treated as one indicator called The Wave. We will call them Wave-top, Wave-middle and Wave-bottom.

The Wave is a great tool that helps us to determine the trend. This is description to determine trend using The Wave;
Uptrend: The price has already crossed the Wave upward and the price is above the wavebottom at this moment.
Downtrend: Similarly, the market is trending down if the price is below the the Wave-top.


Long Entries

• Be sure that the market is trending up.
• Price was above the Wave for some time. (above the Wave-top)
• Price entered the Wave. Price was above the Wave and then crossed the Wave-top downward.
• CCI crossed +100 line upward; A POSSIBLE LONG ENTRY SIGNAL on the next candle open. This is a good signal to go long on the next candle open. But be careful...
• “Five bars check” rule. Check that CCI was below the +100 line for at least five bars before the cross.
• Check that the market is trending up now. Check that the price is above the Wave-bottom as with the first rule.
• Buy now! If all above is filled, buy as new candle opens.

Simply said, price entered the Wave and then returned back up. But this sentence sounds too subjective. We have put it all into mechanical rules that are easy to follow.
Don't enter the market when you “feel” that the price is going up again. Some traders do so, but they get stuck when the price plunges lower! Don't rely on the standard breakout system. The breakout may be false. Enter only if CCI crossed the line! Look at the picture carefully. Do you see that we have entered the market before the breakout... before the crowd?! Do you see the great advantage of the MagicBreakout strategy?

Short entry:

• CCI crossed the -100 line downward.
• Look at CCI when the candle has closed. Was it above the -100 line for at least five bars? Is it below the -100 line now? If yes, continue to the next step. We have to check market conditions. Is price trending down? Is price below the Wave-top? (Stick with our definition! Don't let your feeling or intuition to define the trend! Trend definition is a mechanical task here, although sometimes counterintuitive.) If yes, go to the next step.
• Do you see a valid swing pattern? Train your eyes on the first few trades and you will see the swing pattern subconsciously without reviewing the rules. Review: price was below the Wave and then entered the Wave (in other words, price crossed the Wave-bottom upward). OK?
• Sell now! And prepare your exit targets...

Exit rule


Plan your trade, trade your plan. Let's assume we have opened a long position. We must take care about
profit target and stoploss right after entry.

• Place the first profit target (sell-limit order) at 1.618 Fibonacci level;
• Place the second profit target (sell-limit order) at 2.0 Fibonacci level;
• Place stoploss (sell-stop order) at 0.0 Fibonacci level.

As the price hits our first target, close a half of the position (so we recommend you to trade at least two
lots/minilots). As the price hits our second target, sell the rest. Place stoploss just two pips below the
0.0 level. The low acts as support and if broken, the trend is probably over.


Exit from a short position:

• Place the first profit target (buy-limit order) at 1.618 Fibonacci level;
• Place the second profit target (buy-limit order) at 2.0 Fibonacci level;
• Place stoploss (buy-stop order) at 0.0 Fibonacci level.

More complete instruction please download and read free Magic Breakout Forex Strategy eBook 

1-2-3-4 Forex Trading Method

1-2-3-4 Forex Trading Strategy is a simple strategy almost equal to the forex system 123, but with an additional step that is point 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI or MACD.

Some traders said that this forex strategy has a good success rate in reading the direction of the market price. Recommended to apply this forex strategy on 1H chart or greater and avoid to use it on smallerr time frame.


1-2-3-4 Basic Rules for Short Trades

• Point 1: The high in an up trending currency market.
• Point 2: A downward correction in the up trend, the lowest bar in the correction before the price moves back up to point 3.
• Point 3: The high in the move up from Point 2 but a failure to make a new higher high (Point 1).
• Point 4: Go short 1 pip below point 2

 
1-2-3-4 Basic Rules for Long Trades

The reverse is true when applying these basic rules for long trades but now:

• Point 1: The low in a down trending currency market.
• Point 2: An upward correction in the downtrend, the highest bar in the correction before the price falls back up point 3.
• Point 3: The low in the move down from Point 2 but a failure to make a new lower low (Point 1).
• Point 4: Go long 1 pip above point 2

1-2-3-4 Up Forex Reversal Strategy using MACD 

1. Trade this reversal pattern only after a strong downtrend
2. Place points 1,2 and 3 on your chart
3. Place a BUY order 1 pip above 2
4. Confirm the trade using the MACD indicator (or another); the MACD must signal a buy or in buy mode already.
5. Target level: Calculate the distance between 2 and 3; if for example the distance between 2 and is 50 pips, than 50 pips is your target level.
6. Place your stop 1 pip below 3

1-2-3-4 Down Forex Reversal Strategy Using DMI

1. Trade this reversal pattern only after a strong up trend
2. Place points 1,2 and 3 on your chart
3. Place a SELL order 1 pip below 2
4. Confirm the trade using the DMI indicator (or another); DMI must signal a sell or in sell mode already.
5. Target level: Calculate the distance between 2 and 3; if for example the distance between 2 and 3 is 250 pips, than 250 pips is your target level.
6. Place your stop 1 pip above 3

Source: www.aboutcurrency.com

Isakas Ashi Forex Strategy

Isakas Ashi by Kuskus Oosentogg Forex strategy is based on trend forex system. Its trade approach relies on the EMA 4 and 24 crossover. And then confirm the cross with the histogram and the heiken ashi indicators. This forex srategy works with almost pairs, and you need to use it on the M30 or H1 timeframe. You can use higher timeframes if you want but not for lower timeframes.

Download: Isakas Ashi Indicator

The entry rules are easy and clear to spot on the forex charts.

Open SHORT(SELL) position when:

1. The EMA 4 crosses BELOW the EMA 24
2. Histogram is RED
3. Heiken Ashi is RED
4. When ZigZag makes a new HIGH (peak)

Open LONG (BUY) position when:

1. The EMA 4 crosses ABOVE the EMA 24
2. Histogram is GREEN
3. Heiken Ashi is GREEN
4. When ZigZag makes a new LOW (valley)

Stoploss, you should use the previous HIGH (Peak) as your stoploss for your short trades and use the LOW (valley) as your stoploss for your long trades.

For the takeprofit, I suggest you use a trailing stoploss of 15-20 pips for slow pairs and 30-40 pips for pairs that move much more like the gbpusd. You can also takeprofit whenever the trades reach a fixed pips in profit, then re-enter again and again. There are numerous approach which is possible regarding the takeprofit but I am not able to cover them here.

This system is very easy to use but you will need some practice with it in order to get acquainted with the system. Hope you will be making some pips. Enjoy your trading. -www.fxfisherman.com-

Ichimoku Kinko Hyo Forex Strategy

The Ichimoku kinko Hyo indicator is designed of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span plus an area called kumo, it is the space between Senkou Span A and Senkou Span B. Ichimoku Kinko Hyo technical indicator is one of very powerful indicator and can bring can bring consistent results if used wisely . This indicator include in forex trend trading because it can predefined to characterize the market trend, support and resistance levels, and to generate clearly signals of buying and selling.

There are many ways to trade forex using Ichimoku Kinko Hyo , and here is one of the best forex trading strategy using Ichimoku chart pattern.

Forex Indicators set up:
1. Ichimoku (7,22,44) I don't know if there are better settings for this.
2. Stochastic Oscillator (Fast at 14,3)
3. MACD (2,10,4) or (3,15,5) I've found 2,10,4 is better imo
4. Fibonacci Retracement as well as other supports and resistances from other time charts.

Once all these are set we can now look at a chart. Starting from the first candle circled in yellow to the far left we notice that it is touching the red Kiju-Sen line of the Ichimoku Kinko Hyo indicator. This line is going to be very important to us as well as the clouds. After we have confirmed that it has touched the Kinju-Sen line we look down at our other indicators to confirm our position. In this case it is showing us a strong sell signal because if you look down at the Fast Sto the signal line is below as well as for the MACD. This is how we confirm this short position.

1. Is the candle touching the Kinju-Sen? Yes/No
2. Is the Stochastic showing a sell signal? Yes/No
3. Is the MACD showing a sell signal? Yes/No

If all three indicators give us a yes then this is a confirmation to open a position. And If no to any then you do NOT have Confirmation! To maximize your profits, set up your chart not only for 1H time frame. But set them up for smaller or even larger time frames (Smaller time frames will help you decide the markets direction for a larger time framed chart as well as larger time frames will give you key hints as to the trend/direction of smaller time framed charts). As you can see I drew support and resistance lines from the 30min chart. Here is two scenarios of how this first trade could have gone down.

Look at the red circle #1. As you notice in #1 it gives us a sell signal. All indicators say yes to sell so we do. We set a stop of about 20-30 pips and we wait. So after an hour or so we notice that our trade has broken its support. And down it goes staying within the uprights. It breaks through the small Ichimoku cloud which because this cloud is not very large its not really that exciting to us but then it breaks support again! and continues down. Until it hits a lower support line and comes back up to our Kinju-Sen line where in #2 it gives us a buy signal again to close our position and to open another trade if we want too.

We have closed our short (sell) position from #1 green/red circle and now open a long (buy) position at the #2 green circle because all indicators say yes. In this case because we are trading only on the Kinju-Sen line we would have taken a loss. We didn't know where to take our profit so we took a loss. This is okay its fine relax.

We have moved on to #3 green circle where we close our previous long position with a loss and open a new short position. Now before we move on I want to add something else. As you notice the Kinju-Sen lines goes horizontally and we lose some pips by closing our previous short once again and open a new long position. Here is one thing I want you to take a look at and test on your own.

Okay so take a look at the first close/open candle in #3. You will notice that the first candle gives us a close/open position but the second candle does not because not all indicators say yes. The Kinju-Sen line does not touch the next candle. This is good because the following candle means we can now close/open a new position (Like we have just done above) or in other cases add to our confirmation or to our position. Now take a look at how that candle confirms our new long (buy) position but the next candle does too? This is where a rule comes in.

• When closing/opening a trade we look to the next candle and if that candle is NOT touching the Kinju-Sen line then we can close/open a new trade on the second candle from our new position.
• If the first and second candle do touch then we must wait till the third or even the fourth candle to open/close a new trade.
• If we have waited on the third candle and it touches and still gives us a buy then we can add to our position.

Take a look at our new position #3 the second confirmation candle. As you can see the market moves up on our long position. It blows through the Ichimoku cloud and continues upward to #4 green circle. This is where the rule comes in again. It has been far more than 3-4 candles away and it doesn't confirm a close/short position but it confirms another buy position so we add to our long. It continues up to #5 red circle where it confirms a close/short position. We have now closed all our trades on this chart. We may have played #5 like we did in #3 or we may have played it even better.

To recap from #1-#5 we made a total of about 6 trades. The numbers are off on my chart but it is very close. Spread was not taken into consideration when doing those numbers. As well as the trades between the first confirmation in #3 to the next one in #3 and #4 was left out.

A total of 126 pips is not bad for three days of work. It was a modest play and this chart was a really great set up to display how this strategy works. Remember while you are trading and waiting on this 1 hour chart you can also be scalping lower timed charts of the same pair. This depends on your broker but if you have two accounts then you are golden. See more at: http://fxroot.com/content-11.html

Tom Demark Trend Line Forex Strategy

Tom Demark forex strategy is easy, simple but very powerful to take profit. It works with all pairs (major and others) which means you can have an entry for almost of the time. This strategy based on breakout method. You have got a knowledge how to draw Tom Demark trendline to use this strategy.

Tom Demark Forex Set up:

1. EMA 9, Ema 30
2. Momentum indicator (draw a horizontal line at the 100 point).
3. The hourly chart.>>
4. Draw a Tom Demark trend line (connecting at least 3 swing high (or low). And should avoid steep angles.

Entry:

Enter buy when the 9 ema crosses up the 30 ema and the momentum line is above 100. And price breaks the down trend line. (The trend line is our invaluable filter so make sure you do a lot of practice with it). Entry should be placed at the opening of the new hourly candle after the cross (to make sure the crossing and trend break are real and to keep away from whipsaw).

Enter sell when the 9 ema crosses down the 30 ema and the momentum line is below 100. And price breaks the trend line, at the new hourly candle after the EMA crossing.

The ema crossing can occur before or after the trend line break.

Stop loss :  40 pips (it has to be respected).

Target: from 40 pips up to 150 pips (depending on pair volatility and current situation).

Move your stop in the direction of trade in steps of 10 pips. When market reaches 75% of its daily range tighten your stop. When you see signs of reversal close order at market price. When you do not see any signs of reversal get rid of your limit and follow the price very closely with your trailing stop.


Demistifying Tom DeMark Trend Lines

My simple interpretation of what the article says regarding TD Lines (Tom DeMark Lines) is as follows:

TD Points

To draw TD Lines one first must identify TD Points (Tom DeMark Points). In all cases, the bar to the right of the TD Point being tested must be complete.

A TD Low Point (Tom DeMark Low Point) is a low bar which has a bar with a higher low immediately before and after it.

Therefore, when the bar before and/or after the low bar you are testing (to see if it qualifies as a TD Low Point) has the same low (double or triple bottom), the point does not qualify as a TD Low Point.

A TD High Point (Tom DeMark High Point) is a high bar which has a bar with a lower high immediately before and after it.

Therefore, when the bar before and/or after the high bar you are testing (to see if it qualifies as a TD High Point) has the same high (double or triple top), the point does not qualify as a TD High Point.

TD Lines

To draw the current lower TD Line (called the TD Demand Line), connect the the next most recent TD Low Point that is lower than most recent TD Low Point, to the most recent TD Low Point, then extend the line to the right. The lower TD Line must slope upward.

To draw the current upper TD Line (called the TD Supply Line), connect the next most recent TD High Point that is higher than most recent TD High Point, to the most recent TD High Point, then extend it to the right. The upper TD Line must slope downward. (www.forum.vtsystems.com)

London Breakout Strategy

This London Breakout Strategy was based on price breakout of the trendline. Using no basic indicators but trendline. This strategy using 1 Hour chart timeframe and recommended pair to trade were GBP/USD and EUR/USD. Other pairs may also be used to tested. This London Breakout strategy was claimed has a win ratio of over 90%. Before you go with live account is recommended to use a demo account until you are familiar with this strategy.

Trading setup:

For this Forex system to work properly a trader needs to know the basics of drawing trend lines and be able to identify support and resistance lines.

Our working range includes 5 candles: from midnight to 04:00 EST (including the 04:00 candle). Optional: draw a midnight vertical line for visual aid.

With those 5 candles look for valid swing high and swing low of the price. Draw a downtrend trend line connecting a found swing high to the most recent swing high of the previous days (make sure the last one is a valid high to draw a downtrend trend line through it). Do the same for a swing low: connect it to the most recent swing low of the previous days, make sure you are putting in the right trend line using the rules of drawing uptrend trend lines.

If a trader sees, for example, no swings high in the 5 candle range, that means there will be no downtrend trend lines this morning.

The Entry is on the break of either one of the two trend lines and is immediate without waiting for a current candle to close. A protective stop is placed just above/ below the candle that broke the trend line.

Profit target:

Usually the whole trade will unfold within the next three candles (count in the candle that broke the trend line).
So, after the actual breakout we have 3 hours or 3 candles to trade, after that we will exit the trade with whatever profits are made.

Main rule - Using S/R + timing:

Profit target is going to be the nearest level of support or resistance according to the S/R lines.
If, however, after only one candle this target is reached, it suggests a very strong market, we would therefore stay in the trade and set our goal for the next support/ resistance level. We would also choose the second S/R level as our profit goal if the first S/R level appears to be close to our entry point.
We have three candles to trade after the breakout, thats why we can trade calmly and allow our goal to shift to the next S/R level.

It is at the traders absolute discretion whether to set the target at the nearest S/R level and exit the trade once the target is hit or use 2 or 3 consecutive candles.

Another simplified option would be with fixed targets and timing. For example, EUR/USD target = 20 pips - spread. GBP/USD = 40 pips - spread. These are only suggestions. For other currency pairs you will need to back or forward test. Thats it! Properly applied this London breakout strategy is more than 90% effective.

Source: BabyPips.com

Basket Trading Strategy

This is a very simple forex strategy method and it is all base on price action, indicator free trading and it is done manually. First you have to open a demo account (Indicator Account –IA) and make sure that the broker you choose have the ff. pairs (must have) in their platform:

Most brokers have the following Pairs.
1. GBPUSD 8. CADJPY
2. EURGBP 9. AUDUSD
3. GBPCHF 10. USDJPY
4. CHFJPY 11. EURUSD
5. AUDJPY 12. EURCHF
6. EURJPY 13. GBPJPY
7. USDCHF 14 USDCAD

If you are using the IBFX Platform below are your pairs to Hedge:
1. GBPUSD 8. EURUSD
2. EURGBP 9. USDJPY
3. GBPJPY 10. AUDUSD
4. USDCHF 11. NZDJPY
5. NZDUSD 12. GBPCHF
6. AUDJPY 13. CHFJPY
7. EURJPY 14 EURCHF

The first seven pairs is set 1 and the second is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.

About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is one of our signals. We can trade those two pairs that jump out of boundary. There are ways of watching and trading this pair as they start jumping slots. I called this method the Jumping Pairs Technique. There are also numerous variations associated with jumping pairs that I will discuss later in the thread. Another profitable method of trading is the trading of 14 pairs straight Buy or Sell, criteria of which I will also discuss in the later part of the thread.

You should have another account where you real trading will be executed. You can trade the two pairs that jump out. If the pair that jumps up is LONG then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pair’s max 5 pairs being traded at one time. The profit is up to you, what I do is when the pair I’m trading retreats a slot or 2 slots then I close it. Or sometimes I just leave and the Profit Protection EA does the watching of the trade.

Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.

On the attached terminal copy, you can see the breakaway pair USDCAD and was traded and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be traded Long as well.


Note:
1) this method is manual.. Again manual... Indicator is fine.
2) I am trying to avoid any EA being made out of this system, indicators are welcome.
3) To those who will benefit from this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Pipscorer/Trader101

Source : Forex TSD

IchiBrain Trading System

This forex strategy is a fusion of three forex trading systems : BrainTrend 7.1, Ichi360 System from ichi360.com and Double EMA Crossover. The attached image is the example chart you should be able to get by combining indicators.

Trading setup :

LONG :

• Look for Blue/Cyan lines below the price and be careful if both Blue/Cyan and Red/Magenta are contradicting each other, and ge utterly careful when the bars are green. I don't trade in these conditions.
• The double EMA crossover should confirm the bullish move, wait for a BIG GREEN ARROW UP, you can ignore the small ones.
• At this point you can enter the trade, but if your not greedy and looking for consistency wait for Ichi360 indicator to confirm the bullish bias , the ichi360 indicator gives you exact entry point and you can use the BrainTrend indicator as trailing stop levels or exit, OR you can just wait for ichi360 to make a move in the other direction to exit.

SHORT :

• Look for Red/Magenta lines above the price and be careful if both Blue/Cyan and Red/Magenta are contradicting each other, and ge utterly careful when the bars are green. I don't trade in these conditions.
• The double EMA crossover should confirm the bearish move, wait for the BIG RED ARROW DOWN, you can ignore the small yellow ones.
• At this point you can enter the trade, but if your not greedy and looking for consistency wait for ichi360 indicator to confirm the bearish bias, the ichi360 indicator gives you exact entry point and you can use the BrainTrend indicator as trailing stop levels or exit, OR you can just wait for ichi360 to make a move in the other direction to exit.

   

Download ebook and indicator here

EBOOK  | INDICATOR

Source : forex-tsd.com

Super Carry Trade Trading System

This system has been producing for me between 8 and 10% profits per month, or approximately 100% per year or greater, depending on market conditions. The idea of this strategy was coming from Oanda “beginner” forum from “Knightrider” who has doubled his account yearly for the past 2 years.

Trading Rules:

Currency pair : GPB/JPY
Long trades only (interest positive)
Use 0.5% of your Net Available Balance on each trade (Oanda does this automatically)


1.Enter at any time with a market order

2.Place limit orders (long) at 10 pips above initial entry. This means that you place a limit order to buy at 10 pips above your entry, and you place 10 pip profit targets on each of these orders. You place these orders up to 200-400 pips above the current market price, or even higher if you would like. Your objective is to take profit and lock it in on all these orders as the market moves up.

3.Place 10 pip profit targets on all limit orders, up to 200-400 pips above current market. One time I entered my limit orders up to 200 above the current market price, and when I got home from work discovered that the high went well above the last order, it actually went up nearly 400 before dropping back down. I missed all that profit from my last order at 200 above market price to 400 above. Now I usually place orders up to 400 pips above in case of a nice trend or spike.

4.If market drops (carry trade unwinds) by 200 pips enter a market order once per day, with no take profit, in an attempt to lower the average price of all orders to within 100-200 of current market. Each additional market order lowers the “average” of your orders.

5.Enter limit orders (long) at 10 pips above this market order, up to the orders already entered.

6.At any time you have more than 1 order open, and the market is above the average price, close all orders (Oanda makes this easy to do).

7.If market continues to drop, continue to place orders (as in numbers 4-6 above), attempting to keep the “average price” within 100-200 pips of current price.

Pros:

·Effective in all market conditions (ranging, trending).
·Provides profits from both trading and interest.
·Only monitor the markets once or twice per day, as desired.

Cons:

·Caution is needed during carry trade unwinds. If need be, during severe unwinds, limit further buying to only 400-500 pip drops.

Note:
Oanda is perfect for this system in that they show your "average position" right on the chart; makes it so easy. Additionally they have "one click" to close all positions. Finally they're spreads are very low: GPY/JPY is between 4.5 and 7 most of the time.

The Pivot Point Squeeze Forex System

The following trading system is a system based on constricted volatility followed by a breakout which co-insides with pivot points.

Indicators used:

Bollinger bands with MA of 18 and deviations of 2 through to 4.2
incrementing by 0.2
Bands 2 – 2.4 Purple
Bands 2.6 – 3 Pink
Bands 3.2 – 3.6 Red
Bands 3.8 – 4.2 Green

MACD with settings:
Short term MA: 5
Long term MA: 13
Signal number periods: 1

Bollinger Bandwidth with settings:
MA periods: 18
Standard deviation: 2

Indicator Settings

Trigger level
Horizontal line at a value which is determined by currency pair
EUR/JPY ~ 0.0056

Pivot Deviation
Distance from a pivot point in which the signal is still valid
14

MACD Threshold
Threshold of the deviation of the MACD that signals an exit
6.2

Making sense of it all

The Bollinger bands are used to visually see the volatility of the underlying security. When they narrow, it shows that the market is not sure which way to push price. I.E no-one is buying or selling with urgency. When there is a lot of traders in the market to sell, you will see the market drop and the Bollinger bands increase in bandwidth. It is the same with an up-trending market as well.

It is the breakout of this constrictive time of the market that I use to enter the market. If this breakout is close to a pivot point, it makes the trade setup even more positive.

Entering a trade

The first thing to look for is the narrowing of the Bollinger bands. When the Bollinger bandwidth crosses under the trigger line, you want to keep an eye out for a low on the histogram followed by an increase in bandwidth. This is a signal that it maybe breaking out and that is the entry point. Enter the market long if the MACD is trending up or short if it is trending down. Put more simply, trade in the way that the market is breaking away.

When I enter a position, I enter a wide stop loss as the EUR/JPY can be volatile and go in the other direction before it trends in the predicted direction.

Exiting a trade

When the MACD histogram is starting to turn in the opposite direction of the trade with a certain threshold of this turn, it can signify an end to the rally. The threshold must be set at a level which is not too sensitive as to make you exit a longer profitable trade but not too lenient as to give much of your profits back. Experimenting with this level is the only way to know which is best for different pairs.

Another way to plan your exits is to stage out at differing pivot levels. Say you enter a trade when it breaks down from the Pivot point. You would exit say half your lots at the 1st support line and then move your stop loss up to entry. Then your remaining lots at the 2nd support.

Some Examples


The top red bars show a short. The bottom indicator pink bars show short entries which do not take into account pivot points. The last trade on the right in which I am still in is turning out quite profitable, I just don’t enter with as many lots as if it did line up with the pivot points. You can see with the restriction of the bands on the right that something big was going to happen, the system tells you when it is time. I set up alarms on the indicator to alert me when to enter a trade. With different pairs I have different voices, so On EUR/JPY I hear “enter long EUROYEN” when the signal is given and “exit EUROYEN”. Pretty cool but enables me not to be glued to the screens, which can be hard to get away from.



Another short term trade short which resulted in a profit of 146 pips



As you can see, the bottom indicator signals multiple entries while the added pivot point signal does not. It still resulted in profitable trades.


Some more great trades

Peaks and Valleys (Trading Naked)

Open up a line chart with average price on your ONE HOUR chart. Be sure to pick a color you like! Try and make the zoom pretty far out so you won’t be so distracted by the noise. What you want to look for are MAJOR peaks and valleys. What determines a “major” peak or valley is really up to the trader, but to me, it’s a noticeable change in direction.

Near where the orange arrows are pointing are examples of valleys, and blue arrows point to peaks. The arrows are a bit inaccurate, but it’s the best I can do so bear with me. One could probably set a minimum wave size in terms of pips to determine whether or not a peak or valley would be “major”.

How to Make Pips With Peaks and Valleys

Peaks
• Place BUY orders 3 to 5 pips above each major peak (S/L = 50 pips + spread, no T/P).

When in a PEAK trade (LONG)
• Move your S/L along with each new valley point that exists (most recent valley point).
• Also, continue to place BUY/SELL orders as you go with the new peaks and valleys.

Valleys
• Place SELL orders 3 to 5 pips below each major valley (S/L = 50 pips + spread, no T/P).

When in a VALLEY trade (SHORT)
• Move your S/L along with each new peak point that exists (most recent peak point).
• Also, continue to place BUY/SELL orders as you go with the new peaks and valleys.

What we are effectively creating are trades that have a set allotted risk (50 pips) but have unlimited potential to grow (assuming the trend is your friend).

An Example
Pretend you’ve just woken up one fine morning, and this is the chart you have in front of you. Using Peaks and Valleys, what would I do? By the way, this is a live trade.


Most recently, we have 2 peaks at about the same price range. I usually do the higher of the two when it comes to peaks, and lower when it comes to valleys. We also have those two recent valleys right next to each other. No need for two orders in the same price range, so just do one BUY order by the highest recent peak, and one SELL order by the lowest recent valley. So what happened after we set up the orders? Well, truthfully, I went to sleep, but also we had a successful trade:

As you may or may not see, the pending BUY order I had placed earlier has now been triggered. As I woke up this morning and checked my chart, I realized that I had missed a long opportunity denoted at the green arrow. I also moved my S/L to the next valley just after the green arrow pointing to the peak, AND put in a short order for when/if my S/L is hit. This to me is a sign that the current trend has stopped producing higher high’s and low’s, and MAY be headed south instead.


Kevin Harvell
kharvell @ Forex Factory

Pivot Point Squeeze Technique

The following forex trading system is a system based on constricted volatility followed by a breakout which co-insides with pivot points.

Forex indicators used:

Bollinger bands with MA of 18 and deviations of 2 through to 4.2
incrementing by 0.2
Bands 2 – 2.4 Purple
Bands 2.6 – 3 Pink
Bands 3.2 – 3.6 Red
Bands 3.8 – 4.2 Green

MACD with settings:
Short term MA: 5
Long term MA: 13
Signal number periods: 1

Bollinger Bandwidth with settings:
MA periods: 18
Standard deviation: 2


Indicator Settings

Trigger level
Horizontal line at a value which is determined by currency pair EUR/JPY ~ 0.0056

Pivot Deviation
Distance from a pivot point in which the signal is still valid - 14

MACD Threshold
Threshold of the deviation of the MACD that signals an exit - 6.2


Making sense of it all
The Bollinger bands are used to visually see the volatility of the underlying security. When they narrow, it shows that the market is not sure which way to push price. I.E no-one is buying or selling with urgency. When there is a lot of traders in the market to sell, you will see the market drop and the Bollinger bands increase in bandwidth. It is the same with an up-trending market as well.

It is the breakout of this constrictive time of the market that I use to enter the market. If this breakout is close to a pivot point, it makes the trade setup even more positive.


Entering a trade
The first thing to look for is the narrowing of the Bollinger bands. When the Bollinger bandwidth crosses under the trigger line, you want to keep an eye out for a low on the histogram followed by an increase in bandwidth. This is a signal that it maybe breaking out and that is the entry point. Enter the market long if the MACD is trending up or short if it is trending down. Put more simply, trade in the way that the market is breaking away.

When I enter a position, I enter a wide stop loss as the EUR/JPY can be volatile and go in the other direction before it trends in the predicted direction.


Exiting a trade
When the MACD histogram is starting to turn in the opposite direction of the trade with a certain threshold of this turn, it can signify an end to the rally. The threshold must be set at a level which is not too sensitive as to make you exit a longer profitable trade but not too lenient as to give much of your profits back. Experimenting with this level is the only way to know which is best for different pairs.

Another way to plan your exits is to stage out at differing pivot levels. Say you enter a trade when it breaks down from the Pivot point. You would exit say half your lots at the 1st support line and then move your stop loss up to entry. Then your remaining lots at the 2nd support.

Examples:

The top red bars show a short. The bottom indicator pink bars show short entries which do not take into account pivot points. The last trade on the right in which I am still in is turning out quite profitable, I just don’t enter with as many lots as if it did line up with the pivot points. You can see with the restriction of the bands on the right that something big was going to happen, the system tells you when it is time. I set up alarms on the indicator to alert me when to enter a trade. With different pairs I have different voices, so On EUR/JPY I hear “enter long EUROYEN” when the signal is given and “exit EUROYEN”. Pretty cool but enables me not to be glued to the screens, which can be hard to get away from…


Another short term trade short which resulted in a profit of 146 pips

-GCTrader1 from www.forexfactory-

Profitable Sidus Method

I started to adapt the systems with my onw rules. The biggest advantage of the Sidus method is that it is not necessary for adding extra filters. Whipsaws will occor, but less frequent. This system made my trading very profitable as it easy to understand, easy to implement and easy tofind the right entry-points.

What do you need?
- 1H (of 30MIN, but you wil get wore whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 8 WMA (in yellow)

The 18 EMA & 28 EMA are two red lines who form a tunnel, these will help you to determine the startof a trend and the end of a trend (Long term).
The WMA & 8 WMA will show you when to enter a trend, they will also help you to see the strenght of the trends (Short term)

Entry Signals
You should only open a position, when the red tunnel is extremly narrow or crossed !
LONG: 5 WMA & 8 WMA cross the red tunnel upwards. If the 5 WMA also crosses the 8 WMA upwards, then the signal is extra strong.
SHORT: 5 WMA & 8 WMA cross the red tunnel downwards.If the 5 WMA also crosses the 8 WMA downwards, then the signal is extra strong.

Exit Signals
Signals that show the end of the chosen trend:
- Long: The price has reached a top and 5 WMA dives under 8 WMA (Close position)
- Short: The price has reached a bottom and 5 WMA jumps above 8 WMA (Close position)

Always close your position when boundry’s of the red tunnel cross eachother or when they become so narrow that they are one! This is a clear sign of a trend reversal. After you see this, close your position and open a new postion in the other way (If you were long, close, open a short postion)

When in a trade and the 5 WMA & 8 WMA cross the red tunnel -> Pay attention! As long as the redtunnel boundy’s doesn’t cross eachother there is no problem, but often this is a sign that they will!

Basic rule
Enter a position were the red tunnel boundry’s cross and exit that position when they cross again!!! Always use a stoploss - I recommend a 10-15 pip stoploss !!!

I want to thank Vegas, Bunnygirl and all the nice people of ForexFactory for their great inspiration.

By : Sidus