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Forex Strategy “Intraday setting 100%”

This strategy can be applied on a daily graph for any currency pair. To start the trading set two ordinary indicators that are available at any platform of the trading. The simple MA should be set with a period of 20, also there should be 2 sets of Bollinger Bands with parameters as 2 SD and 3 SD.

Make a buying deal if:

  1. After placing the 20-period MA, make sure that the price is higher that the MA.
  2. Buying deals should be made only if bargains are placed in the direction of the transaction.

Make a selling deal if:

  1. After placing the 20-period MA, the price should be lower than the MA.
  2. The selling deals should be made only when the bargains are placed in the course of the current trend.

The strategy was tested and proved to be working very well in the markets. One thing to remember is to not forget that the positions of the market prices should be placed close to the 20-period MA. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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