It is really a great question about the best forex system. You know, everybody tries to find one. Everybody types in google“the best fores system“ hoping to find it. This is commonplace.
We all want to trade profitably. No losses, only profits, profits every day and even every trade. But it is not the way people make money. You always have losses. This is an integral part of trading. One will always have a loss trade and even can have a loss day. But this is not a problem. One day you have loss, one day you have profit. Your aim is to have more profit days, than loss days. This is the way people make money. They always have more profit days than loss day. Or if they have profit to loss days - 50 to 50, than they have bigger profit days, than loss days. And when we talk about trades, we always have to have bigger profit than loss trades. Your risk/reward ratio have to be more than 1 to 3. This is the best forex system.
Control of your risk, trading strategy, money management, and, of course, following the rules. You can not break the rules, you have to promise yourself and follow the rules. Great discipline and hard work will give you the big money. There is no easy money. Easy money does not exist. So , your work, discipline and desire and youl’ll reach your aim, and you’ll be successful! 100%!!!!
Here I will give you interesting articles on psychology, different trading strategies, rules . So, be in touch and you’ll reach success!!!
Forex Strategy BullDozer - another profitable indicator forex strategy for the currency pair EURUSD (H1), it uses 3 indicators: 2 Moving Average (Exponential Moving Average - fast and slow) as well as the Awesome Oscillator Indicator of Bill Williams.
To trade on the forex strategy, we need to establish a one-hour chart of the currency pair EURUSD following forex indicators:
- Exponential Moving Average with a period of 70 (in Metatrader 4 is an indicator of Moving Average, MA method – exponential) – EMA (70), applied to a close. On the chart we will display the blue – it’s a slow moving average.
- Exponential Moving Average with a period of 21 (in Metatrader 4 is an indicator of Moving Average, MA method – exponential) – EMA (21), applied to a close. On the chart we will display in red – it’s a fast moving average.
- You impose indicator Awesome Oscillator (or AO) by Bill Williams.
The Forex Strategy BullDozer gives buy signal:
- Hourly candle closed above the Slow MA, ie, EMA (70) - in this example, the blue one!
- Fast Moving Average - EMA (21) - red in this case, is below the slow MA – EMA (70).
- Awesome oscillator indicator for at least the last 8 closed candles grows and its bars(histograms) are colored in green, can be more, but no less (!) (taken only its direction,regardless of their position relative to zero).
- Stop loss orders are putting away 70 points of entry into the market.
- If the light is Awesome oscillator for 6 candles falls (colored red), after signing a deal to buy, close the open trading position on a purchase. Just close the position when a return signal – a signal to sell!
- Do not put Take profit, and when a profit of about 70 points in the closing half-open trading positions, the remaining 50% of the transaction closing on item 5, ie if there are conditions for the closing, or reverse the trading signal. If you wish, you can open 2 trading transactions equal lot and put profit first at 70 points, while the other still close to the signal indicator Awesome oscillator.
- Be sure to use Money Management!
The Forex Strategy BullDozer gives sell signal: use mirror conditions!
Forex Strategy-1 trade a day – another break-out strategy for forex transactions which are only 1 deal per day – at the closing and the breakdown of the Asian session, and trade is conducted only on currency pairs, associated with British Pound – GBP (gbpusd, gbpjpy, gbpaud, gbpcad, gbpchf, etc.), because following the Asian session opens session in London.
1. For trade strategy “1 Trade a Day”, we need to install on the chart of the chosen currency pair the indicator ant-GUBreakout_V.0.4.2.ex4 – it will be for us to indicate the beginning and end of the Asian session, the parameters of the indicator as follow:
- GMTShift – time shift your DC from GMT (for example Alpari – “1″)
- Start – the start time “box” (0:00)
- End – End Time “box” (8:59)
- Offset – the indentation from the box to be placed orders 5-10 points
2. And as for trade, we need a tool Metatrader 4 – lines (levels) Fibonacci with the levels (0, 50% and 100%).
The strategy forex “1 trade a day” as follows:
1. We await, when the box closes ”Asian session” and stretc Fibonacci so that the level of 0 and 50% were on the extremes of the formed box.
2. Fibonacci build in 2 opposite sides, look at the example below:
3. Level of 100% will indicate to us our profit target.
4. After closing the box, set 1 order on each side of the box – to buy and to sell, with orders Buy Stop and Sell Stop set at a distance of 5-10 points of maximum and minimum of the resulting box.
5. Stop-loss orders are putting on the opposite side of the box.
6. If an order is opened, the second immediately remove, because trade is only 1 time a day!
Addition to the strategy:
1. Warrant closing the only stop-loss or take-profit – no matter how many days will be an open position!
2. As long as the open order for this strategy is not closed, the following order was not placed!
3. Also there is the option of their choice:
a) if the order is not closed at the end of the trading day – at 00.00 GMT, then closes it at the current market price.
b) if the order is not closed at the end of the trading day – at 00.00 GMT, the translation of stop-loss level “zero” or a fractal, and look forward to the next position is closed by stop-loss or take-profit.
Optional:
1. Can optionally convert the position to breakeven with a trailing stop when reaching + 30% – 50% in profit on the size of the box.
2. You can make a restriction – do not trade if the box size was more than 120 points, as for such boxes is likely closing of the stop-loss, this stop-loss is too large!
To download the indicators, just write an e-mail through the contact form with a request of indicator you need.
Forex Strategy H4 Fibonacci Method – multi-currency, trend forex strategy, trading on the time interval H4, additional indicators – 2 moving averages, indicator RSI, the main tool – Fibonacci (Fibonacci levels).
As some professional traders say: “Fibonacci – the only “indicator”, which predicts the reversal points of a trend in the financial markets. This can be your personal Best Forex System!
That is why the Fibonacci tool is so popular in forex trading, and in all financial markets – it is indeed one of the best tools that can predict a trend reversal point (or a temporary rebound), so it helps the majority of traders to profit using this indicator skillfully in the forex market.
Let’s look at forex strategy, in which the Fibonacci play quite a role. So to trade forex strategy H4 Fibonacci Method, must be installed on the chosen currency pair (which, again, can be any), the following forex indicators:
- Daily chart (D1) – Relative Strength Index Oscillator with a period of 14 to apply to close (RSI (14)), as well as add a level of 50
- H4 chart – Exponential Moving Average EMA (100), applied to a close – the color green
- H4 chart - simple moving average SMA (150), applied to a close – the color red
And also we need a tool Fibonacci levels 0.382, 0.618, 0.236 and 0.764.
Go long if:
- RSI (14) on the daily chart was closed and is located above the level 50 – trade only in this direction! Shorts does not conclude!
- Green Moving Average EMA (100) crossed the red moving average, SMA (150) from the bottom up – will trade only in this direction!
- Find the two closest extremum – minimum and maximum distance between them is at least 100 points. And no matter where the trend between the extremes – up or down.
- Stretch Fibonacci according to the extrema.
- We wait until the price comes to a range between the Fibonacci levels 38.2% and 61.8%.
- And then waiting for the price out of these levels and closes the first candle (candle complete – including the tail) above the level of 76,4% (if we stretched the Fibonacci down – corrective movement to the rising trend), or 23,6% (if we Fibonacci stretched from the bottom up – the direction of travel of the upward trend).
- Stop-loss set at least at the level of 100 points, or under the nearest local minimum.
- Profit target set at a distance of 161.8% of the extended Fibonacci sequence by which you have entered the market. If desired, you can use the trailing stop or close the deal at a distance of 261.8%, etc.
To go short – vice versa.
What are they – Forex Fractals?
Forex Fractals is one of the Indicators Trading Bill Williams (Bill Williams “Trading Chaos” and “New Dimensions of Stock Trading“). It is believed that he was the first time and put that name in the trading. When trading on fractals, in conjunction with its indicator Alligator, the author showed a local maximum or minimum market.
The theory of fractals in the market at the time provoked heated debate, primarily because the author, as many believe, put in a lot of his theory of scientific terminology (fractal, attractor, etc.), and made it not quite correct. Since Williams fractals appear on the market very often and almost all time frames and time are, in fact, simple local extrema on an interval of 5 bars and virtually no consistent mathematical theory of fractals. Exactly the same form in the chart are the AP-point second-order Thomas Demark. However, despite all these coincidences this theory is very popular and still.
“Williams up Fractal” is a combination of at least 5 consecutive candles, in which the average candle has a maximum above the rest.
“Williams down Fractal” is a combination of at least 5 consecutive candles, in which the average candle has a minimum below the rest.
Fractals Strategy
Forex Fractals strategy profitable is very well suited for the currency pair EUR / USD, if you do not accept the given currency pair, you can choose any other, a sneak peek at what is happening on the charts after the formation of a fractal on a daily interval.
Trade rules on this fractals strategy are very simple:
- On the chart of a traded currency pairs you have to install fractals indicator (leave the default setting – those that are registered in the Metatrader 4).
- Trade is conducted on daily charts – D1.
- Once UP fractal appears – need to open short trading position. Exit from the trading position at the end of the day.
- Once DOWN fractal appears – need to open a long trading position. Exit is also made at the end of the day.
Trading Fractals Strategy requires big deposits, since trading is on Daily charts. Risk on each trade position does not exceed 4-5%.
Well, if this forex strategy to improve a bit with Moving Averages or other indicators, it can be quite trade at lower time intervals.
There are of course the system weaknesses – lack of safety stop-loss … A solution to this problem, I can offer to install a stop-loss in the High or Low of the trade candle , on which fractal was formed.
I want to add some information about this nice forex trading system i am using.
You can find it here: Best Forex System – 4H Fibo + MTF MA
The main reason I like it is that I don’t have always to sit in front of computer. I can do whatever I want, work, relax, play, enjoy my life. I have only to look at chart once in 4 hours or even more (once in 8 hours).
I use limit orders. Install limit orders and forget. Close Metatrader or any platform you use for forex trading and have rest. Don’t worry, don’t panic, just do your job. Believe your system and be disciplined. Discipline and money management are critical moments of your success!!!
Also I want to share some recent chart of my trading using mtf nma system trading.
Thank you for your attention and stay in touch with my blog Best Forex System!
One system that I really like and use in my trading is 4H Fibo + MTF MA. This is the best forex system for me. The main reason to use it – you don’t have to sit in front of your computer all the time. Just look at the market once in 4 hours and use limit orders. Really wonderful forex trading strategy.
Use this system on 4 hour timeframe. You will need to have only 2 standard indicators Fibonacci and Zig-zag and 1 additional MTF Moving Average.
The set up for MTF Moving Average is: TimeFrame – 1440, MAPeriod – 50, Shift - 0, Method – 1, Price - 0.
4H Fibo + MTF MA trading strategy
1. On the chart for the chosen currency pair (in the range H4), we find the latest upward or downward movement, which has not been restored to 38.2% Fibonacci.
2. Stretch the Fibonacci sequence of extrema of the motion (maximum and minimum) at this time.
3. We are only interested in two important levels: 38,2% and 61,8% Fibonacci, or rather prices rebound from these levels.
4. If the market is downward, we set two pending orders:
Sell Limit at the level of 38,2% of Fibonacci, and stop-loss set at the level of 61,8%.
Sell Limit at the level of 61,8% of Fibonacci, and stop-loss set at 100 points.
For buy orders (the market upwards) – install Buy Limit orders at the same levels and with the same stop-loss.
5. Always look at the MTF Moving Average indicator and the deal should be concluded only in the direction of the daily trend (this indicator shows it).
If you dare to trade against the trend – then put a fixed take-profit that should be much less than for trade with the trend and also do not forget to put stop loss into “zero” level as quickly as possible.
Although it is better to trade only with the trend!
6. For profit I recommend using a trailing stop at a distance of 75 pips. For more volatile pairs – a trailing stop at 100 points.
Transaction should be covered only by stop-loss or trailing stop. But if you want you can close part of the deal on the important levels, or census-level “0.0″ on the Fibonacci (for example 50-70% of the transaction).
In order to get the MTF Moving Average indicator, simply go to the contact form and write a query with a theme “MTF MA indicator” and I will send to you absolutely for free! And also you will get the instructions How to instal the indicator.
A strategy that is made with your own hands is the best forex system ever. Some people go for years to understand this truism. The first time it seems that you can do without the fundamental and technical analysis, trusting their instincts and relying on a luck of a newbie.
When the deposit is fused, comes apathy. Henceforth, the newly-born trader is looking for a reliable Forex trading system. He understood that everyone can earn, but to save money is much more complicated.
Instead make your own win-win strategy for the Forex, a person is on the beaten track of millions. Fractals, Ichimoku, Fibonacci, DeMark, Williams – it’s timeless classic, which only works in ideal conditions and described in the books.
It seems to be logical. Once the analyst has earned so much money by sharing their experiences, his information has helped many traders. But in practice only hurt other people’s achievements. You have not created your own unique style of play, and already trying to imitate adults.
New trading systems appear on Forex every day. The more active trader behaves on the forum, the less knowledge and confidence in the performance of his own offspring. Others try to income selling rotten MTS for big money.
Without false modesty I can say that so much time devoted to forex trading, I can generate a simple trading system almost on autopilot. It is much easier to make a set of rules than strictly follow them. But even the best strategy in terms of profitability and risk not worth a damn if you do not abide Money and risk management.
At the moment I am physically unable to test and debug all of their achievements, however limited to a few. Gradually, I bring them to mind, polish, refine nuances. A rather simple and effective:
1) use support and resistance levels on the daily chart
2) free trade in the market without any pending orders, Stop-Loss and Take-Profit in the channel
3) Lot size is never more than the hundredth part of the deposit
4) analysis of the market as a whole system, in which two base currencies – U.S. dollar and Japanese yen
In fact, I just shared Holy Grail of Forex for free, but demanding and the inexperienced reader will still remain dissatisfied, thinking that he brazenly cheated.Perhaps, the trading system is simple and profitable, but where is the length of the formula, specific numbers, and all of what we were tormented by pairs on probability theory and mathematical statistics?
Guys, there is no ready solution. You just have to determine support and resistance levels. In the formed channel, the price may stay indefinitely, so in order not to lose potential profit, I go to the market in small lots to determine in advance the level of possible losses and profit. Reliable, profitable, stable.
