Scalping 10 Pips Only Forex Strategy

This 10 pips forex strategy is scalping strategy very easy and simple to do, even if you are a beginner in forex trading. Use only Bolinger Band and Stochastic to predict price movements in the future. Although a simple strategy, but the author of this forex strategy claimed that it has a good profit.

Setting on your trader platform

• Time Frame 15 or 30 M
• Bollinger Bands Default settings
• Stochastic 5,3,3 with level 20 and 80

That's all you need, remember because this's a scapling strategy so applies only to the currency pairs with low spreads.

Buy Order

When price out under line of bollinger bands, the price will come back in bollinger again
when the first candle close in bollinger Prove the intersection of lines in the indicator stochastic open order buy and your target be 10 pip only.

Sell Order

Do the same Buy Order with the opposite way

Source: Forum MT5

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 

S'ema Forex Trading Strategy

This forex strategy called S'ema because it uses a combination of several indicators like ema and sma forex trend line. S'ema currently in stages of development and is been testing. So far it works well and effective in predicting price movement of any currency pair. During ranging/consolidation market the result is quite good, and when market in trending the forex strategy give a better results.

S'ema forex strategy works effective in almost any currency pair so far. In any chart time frame. Recommended to use in 15 min time frame and use 4H chart to see of the overall trend. But not recommended for use trading longer than day-chart.

Set up for S'ema forex strategy:

• Candle stick
• BB(14,2)
• EMA(10)
• EMA(20)
• EMA(50)
• EMA(100)
• EMA(200)
• STOCH, FULL (14,3,3)
• ATR (14)

Long Position:

1. See uptrend by direction of EMA's: open up in the same direction, at least EMA (200) is underneath
2. In Stochastic, crossover below 20 line
3. Crossover of EMA(10) SMA(14) (EMA should cross over SMA upwards)
4. Close of the entire candle stick above and after crossover of EMA(10)&SMA(14)

Trigger: The close of the candlestick

Target: Recent swing high OR next 00/50 number (i.e. 1.4000, 1.4050)

Stop: The price of swing low extended with ATR(14) value. (i.e. swing low is 1.4089, and ATR(14) is 14; then, the stop is 1.4075)


Short Position:
Do the opposite. Stochastick must have crossover above 80 line. And Candlestick must close below the MA crossover.

Volatility: More distance between EMA's, more volatile.
Note: that in high volatility, it's ok to get in trade even if the only body part of candle is above the crossover.

Trendiness: More EMA's are in same direction, more trendy.
Note that if the price movement is so trendy (a.k.a. all EMA's are in same direction and fanning out upwards), it's ok to be greedy for the take profit (i.e. skipping one 00/50 value).

For really greedy trader and risk taker, it's not too bad to trade with this S'ema forex strategy against the trend as long as for the short term (i.e. 15-min chart).

Source: Babypips.com

5M Kevinator Retracement Forex System

5m Kevinator Retracement Forex System is a forex strategy that is run based on the trend by using the multi time frame stochastic indicator see the current market trend. This forex system was used for major currency pairs only (EURUSD, USDCHF, GBPUSD, AUDUSD, USDCAD) in 5 minutes chart only. If the market is stepping up then you take buy retracement bars.If the market is stepping down you take the sell retracement bars.

Retracement bars are the magneta (purple) bars on the indicator on the bottom. If the market is stepping down you take the downward magneta bars as entry. If the market is stepping up you take the upward magneta bars as entry.

Longterm
You can either enter the market (long term) when the mtf stochastics is changing directions and hold until trend is done or at any of the retracement bars going in the direction of the trend and hold (20-400 pips).

Shortterm
You can scalp the market by finding the direction of the current trend (stepping up or stepping down) and entering the retracement bars and taking 5 to 20 pips profit.

There are two ways to trade this system but the entry rules are solid.We have a solid method to define a trend (mtf stochastics) and a solid entry method ( enter on retracements).

It is up to you how much profit you take as you could be following a trend for days or just scalping all day long for short profits.

If you're interested by this forex system download 5M Kevinator Retracement Forex Indicator here DOWNLOAD

Source: Forexfactory.com

Koala Forex Trading System

Koala forex system is an easy forex method, even for a beginner in forex trading can also do this forex method. Koala forex strategy based on trend follower sytem, using several indicators of Moving Average. This method will prevent traders to enter the market against the market trend and increased their success in forex trading.

Now let us see how to do the settings in your metatrader. And rules should you do for this forex strategy that can bring you to success in forex trading.


1. Deploy 3 Moving Averages indicator on the chart. Parameters are

• Smoothed
• Applied to Median Price ( High + Low / 2 )
• Period of 3 ( Red ) , 6 ( Green ) , 9 ( Blue )

These  3 Moving Average give us our primary indicators.


2.  Next deploy 2 moving averages on the chart. Parameters are

First Moving Average:

• Exponential
• Applied to Closing Price
• Period of 200 ( Black )

Second Moving Average

• Smoothed
• Applied to Median Price ( High + Low / 2 )
• Period of 50 ( Brown )

This two moving averages will serve as our secondary indicators.


Koala Forex Trading Rules

While you can use any value for your stop loss and take profit, in view of proper risk and reward ratio and money management, recommended sets are

• 30 SL 30 TP ( Normal )
• 50 SL 50 TP ( Challenging )
• 30 SL 50 TP ( Very challenging )

The more challenging the values are, the more precise your entries should be.



Buy or sell opportunity will surface when

• Primary indicators becomes parallel towards the direction of the trade
• Brown secondary indicator is in the same direction and is not turning in towards the primary indicators. This functions as an immediate support or resistance warning too as the price often react to the moving average
• Black secondary indicator is not near the price action and hence not a potential strong support or resistance

Exceptional conditions

As the system relies heavily on trends, there are certain market conditions that will affect the performance of the system greatly

• Low trading volume conditions resulting in no trends
• Excessive flipping of the price action due to volatility
• Major economic events resulting in unexpected spikes and momentum
• A major support and resistance / trend line is not in the immediate region of the momentum.

Learn More abot Forex strategy at www.babypips.com

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-