Price trap FOREX strategy

This forex strategy is for those who are looking for aggressive and non-conservative ways to trade forex. 

 

Rules of the forex strategy.

We choose , important price level,(confluence of support and resistance levels, trend lines, round numbers). We place 4 pending orders at each side of chosen price level at 50 pips increments.

 

 

BUY positions:Take profit for all positions is ,, important price level ,, + 250 pips.

SELL positions: Take profit for all positions is ,, important price level,, - 250 pips.

 

Everytime order on one side gets triggered, we add one more position to all opposite price levels.

If first position gets triggered and price subsequently reverses, we will end up with double of the position size to the correct direction.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Logic is simple: Forex is most volatile market that ever existed and price very rarely stays in same narrow zone. By this simple and effective approach we trap the price and take advantage of any movement, regardless of the direction. In other words we are not betting on price movement direction, but on the inherent attribute of forex market, which is constant movement/volatility.

 

 

 

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THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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