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Simple winning forex strategy

Winning in forex is easy. All you need to do is to have system providing you a simple and clean edge. Stick to the rules, and never get greedy. This forex strategy is as simple and clean as it gets. It uses exponential moving averages to identify market flow direction. Entry is signalized by bollinger bands tunnel on high/ low price basis.

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Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy.

 

Results are secured by employing break even conditions. All of the systems components can be adapted and modulated to fit into any currency pair and time frame.

Forex strategy is provided with expert advisor. System was tested for profitability on high quality historical data since 2003 (EURUSD 1H tick).

Used tools and indicators

Exponential moving averages (EMA 500,250) Standard EMA positioning is used to identify main trend. We consider relative position of fast EMA compared to slow.

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.

Bollinger bands (BB period 40, deviation 2). BB tunnel is created to capture tops and bottom of price development. Those provide great entry point both in downtrend (High) and uptrend (low).

Break even condition (20 pips) After position reaches a predefined profit. Stop loss is placed on entry price (break even).

Max open trades (50) strategy allows opening more than one trades per side at the same time.

Forex strategy rules

SELL

EMA fast trending below EMA slow. Downtrend. We will be looking for short entry on relatively high price (Top of the BB tunnel). Signal. Price close above the upper BB. Once it closes back below upper BB, within the tunnel. We enter the trade short.

  • Take profit: 100

  • Stop loss: 140

  • Break even after: 20

BUY

EMA fast trending above EMA slow. Uptrend. We will be looking for long entry on relatively low price (bottom of the BB tunnel). Signal. Price close below the bottom BB. Once it closes back above bottom BB, within the tunnel. We enter the trade long.

  • Take profit: 100

  • Stop loss: 140

  • Break even after: 20

 

Get MT4 expert advisor trading this forex strategy

For best results, 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.

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

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