50 PIPS a day. Profitable FOREX strategy

This amazingly simple and profitable forex strategy, can bring you an average of 50 pips per day. You may ask, how many trades you need to place to be able to do so. The answer: You place single trade per day on one currency pair (of course you can trade more pairs) to get those 50 pips.

 

Strategy is so simple you can test it within 5 minutes and see for yourself that it works just as promised. It is traded by placing single pending order per day, with predetermined stop loss and take profit levels.

 Green - winners, Red - losers

 

Both are equal (on average). If this forex strategy loses its statistical edge, which is about (4:1) you will lose just about 1 pip per day.

And its not going to happen as it is based in fundamental market principle of trend and momentum of most important timeframes – daily chart.

Strategy is offered free and full you are welcomed to test it on your own chart.

 

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.

 

Forex strategy rules

We pick any of major currency pairs, we can use simultaneously as many as we see fit.

We switch to daily timeframe – where each candle represents a full day of trading.

 

BUY:

Bullish candle signalize uptrend in lower timeframes, it is likely that trend momentum will be at least partially present in next day session.

 

We place pending buy order at high of clear bullish candle. Order must be triggered in next day session. If its not, we cancel it at the end of the session (next day candle close).

  • Stop loss is placed at the low of our bullish signal candle.

  • Take profit: Distance equal do the size of a stop loss. (stop loss equals profit target).

 

SELL:

 

Bearish candle signalize downtrend in lower timeframes, it is likely that trend momentum will be at least partially present in next day session.

 

We place pending sell order at high of clear bearish candle. Order must be triggered in next day session. If its not, we cancel it at the end of the session (next day candle close).

 

  • Stop loss is placed at the high of our bearish signal candle.

  • Take profit: Distance equal do the size of a stop loss. (stop loss equals profit target).

Size of the order depend on our money management.

 

Get MT4 Expert advisor trading this forex strategy

 

 

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ABOUT US

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. ” 

—  Marian, Proprietor of TheForexkings.com