Simple Forex Trading System price

Simple Forex Trading System price - an interesting strategy, which was recently developed by one trader. It works for any currency pair (although recommended for EUR / USD) and in all market conditions. To trade with this system are not necessary indicators. All you need is the opportunity to display pending orders.

Features

• Position trading in all conditions.
• Trailing stop to protect profits.
• Insufficient statistical data about the success.
  

How to trade?

1. It is recommended to use higher timeframes as well as trade system requires some calculations based on the last bar.
2. First you need to calculate the key number (CN). It is based on the current price. Quotes with 4 digits after the decimal point KC - it's current price, multiplied by 10 and then rounded. Quotes from two digits after the point of CN - is the current price divided by 10 and then rounded.
3. Put aside an order to buy at: Current price + 2 * CN.
4. Put aside an order to sell at: Current price - 2 * CN.
5. Put a stop-loss for the pending order to buy at: The opening price - 2 * CN.
6. Place a stop loss for a pending order for sale at: The opening price + 2 * CN.
7. Take-profit in both cases is calculated similarly to the QC, but the current price multiplied by 100 to quotations with 4 digits after the decimal point and no matter what is not divisible in the case of quotations from two digits after the decimal point. And in fact, and in another case, the result of rounding.
8. You should also apply to deferred orders trailing stop equal to 2.5 * CN.
9. Do not forget to cancel those orders that do not have time to work before the new bar.
10. If the terms you seem too complex, see the example below.

Example

Let's calculate the input conditions and parameters for the example presented in the chart:

1. This is a four (H4) chart EUR / USD.
2. Current price - 1.4810, the opening price of the current bar - 1.4832.
3. In a pair of quotation EUR / USD - 4 digits after the decimal point. This means that the key number (CN) is calculated as 1.4810 * 10 = 14.8. Rounded and get 15 pips.
4. The level of a pending order for the purchase is calculated as 1.4810 + (2 * 15) = 1.4840.
5. The level of a pending order for sale is calculated as 1.4810 - (2 * 15) = 1.4780.
6. Stop-loss for the pending buy orders is calculated as 1.4832 - (2 * 15) = 1.4802.
7. Stop-loss for a pending order for sale is calculated as 1.4832 + (2 * 15) = 1.4862.
8. Take-profit orders for all calculated as 1.4810 * 100 = 148.1, and after rounding - 148 pips.
9. The level of TP for a pending order for the purchase is set to 1.4840 + 148 = 1.4988.
10. The level of TP for a pending order for sale is set at 1.4780 - 148 = 1.4632.
11. Trailing stop orders for both set at 2.5 * 15 = 37.5 or, after rounding, 38 pips.
12. 
    

Attention!

Use this strategy at your own risk. EarnForex.com not responsible for any damages that may result to you when using any strategy presented on the site. It is not recommended to use this strategy on a real account without testing it to start a demo account.