The Game. Forex strategy

This forex strategy is suitable for those traders looking to get a simple edge on the market, while not overcomplicating the rules. It is straightforward. strategy identifies trend, while confirming its momentum. Trade is triggered by the price moving above its average high/low (envelopes calculated). 

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Those two simple strategic advantages are well complimented by break even conditions applied on ever profitable trade. Therefore, profits are protected. Situations when good trade goes bad are almost completely avoided. The game forex strategy can be effectively used also for scalping.

 

Strategy was tested on historical data of EURUSD since 2003 with profitable results and the expert trading it together with full strategy rules, are provided freely by theforekings.

 

Used forex tools and indicators

 

Average directional movement index (ADX 40). Main ADX line must trend above 10 value. This signalize sufficient momentum to even consider an existing movement to be a trend of some sort. Then we look at position of DI- and DI+ line. To enter the short trade DI- line must trend above DI + line. Reversed position signalize uptrend and triggers long trade only.

 

Envelopes (period 20 deviation 0,4) : Price moving above upper envelopes line signalizes buy trade. Price moving below bottom envelopes line signalizes sell trade. To pull the position trigger, price must return within tunnel boundaries.

 

Break even condition: After the position reaches certain profit. Stop loss is adjusted and placed on trade open price to avoid any loss in case of position reversal.

 

Forex strategy rules

SELL

 

ADX main line above 10 value. Trend momentum confirmed.

DI – line above DI+ line. Uptrend confirmed.

Signal: We will be looking for price (candle low) to move below the envelopes bottom line. Once it closes back within the tunnel, we enter the trade short.

 

Take profit: 10 pips

Stop loss: 30 pips

Break even: 5 pips

 

BUY

 

ADX main line above 10 value. Trend momentum confirmed.

DI + line above DI- line. Downtrend confirmed.

Signal: We will be looking for price (candle high) to rise above the envelopes upper line. Once it closes back within the tunnel, we enter the trade long.

 

Take profit: 10 pips

Stop loss: 30 pips

Break even: 5 pips

 

Get MT4 expert advisor trading this forex strategy

We recommend you to use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

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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