Adding to the winner with growing velocity forex strategy

When you decide to add to your winning position, the key deciding factor should be trend and price momentum. Does it seem like the price is continuing to move in your direction ? Is it accelerating or already reversing in lower time frames ? This forex strategy uses adding to the winner principle to get aggressive on winning trades.

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To do so effectively, trend is identified using 6 exponential moving averages working in 3 pairs. Once we know the trend direction, and it is confirmed by all of our EMAs we will enter the trade on simple candle signal consisting of two signal candles and volume reading.

 

Forex strategy was tested for profitability (tick 1H since 2003) and it comes with free expert advisor (by theforexkings).

 

Used tools and indicators

Exponential moving averages (EMA: 500,250, EMA 2: 200,100, EMA 3: 100,50). All EMA pairs aligned either according to downtrend or uptrend – trend is confirmed. Entry allowed.

 

Signal: Two consecutive bearish/bullish candles with growing volumes. We can define minimum/maximum body size of each candle (first signal candle min 10 /max 150 pips, signal candle min 20/max 150 pips).

 

Adding to the winner: If trade exists new trade can only be opened if account is in profit (account profit greater than lotsize*100*number of open trades)

 

Trailing stop (extra deviation 90 pips): Each position is protected by trailing stop following the winning trade after each candle close. Extra deviation is applied to cover for market volatility.

 

MAX open trades: 10 in test. Adjust it according to desired aggression of the system. The system works just as fine for 1 trade per side allowed.

 

Forex strategy rules

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.

 

SELL

In all EMA pairs, fast EMA trending below slow EMA. Downtrend fully verified. We will go for short trades.

Signal: Two bearish candles. Volume on second candle is larger than on first signal candle. Both candle fit into min/max body range.

 

We enter the trade short on second signal candle close. Trailing stop is placed at the high of last closed candle + extra deviation for trail stop above.

 

All trades are closed with TS only.

If trade exists new trade can be opened only according to add to the winner rules (account profit).

 

BUY

In all EMA pairs, fast EMA trending above slow EMA. Uptrend fully verified. We will go for long trades.

Signal: Two bullish candles. Volume on second candle is larger than on first signal candle. Both candle fit into min/max body range.

 

We enter the trade long on second signal candle close. Trailing stop is placed at the low of last closed candle - extra deviation for trail stop above.

 

All trades are closed with TS only.

If trade exists new trade can be opened only according to add to the winner rules (account profit).

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.

 

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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. ” 

—  Marian, Proprietor of TheForexkings.com