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Simple Price-Based Forex Trading
Simple Price-Based Forex Trading
Trading Strategy
Simple Price Based Forex trading strategy — an exciting strategy
this strategy. All you need is the ability to set up the chart pending
orders.
How to Trade?
1. A higher timeframe chart is recommended as each trading setup
2. You should calculate The key number first. It’s based on the
current Price. For the quotes with four digits after a dot, the
value).
Key value).
for the quotes with four digits after a dot and shouldn’t be
divided for the quotes with two digits after a dot. In both cases,
Example
Let’s calculate the chart entry conditions and parameters for an
2. The current Price is 1.1202, and the current bar’s open Price is
1.1209.
3. There are four digits after a dot in the quotes for EUR/USD. That
= 1.1224.
= 1.1180.
11) = 1.1187.
11) = 1.1231.
= 1.1336.
= 1.1068.
11. The trailing stop for both orders is set to 2.5 × 11 = 27.5 or,
after rounding, 28 pips.
Read More Winning 100 pips a day with MT Forex Mobile Strategy
Credits
The Forexkid originally developed this trading strategy. The version
responsible for any losses associated with using any forex strategy
presented on the site. Using this forex strategy on the real account is
Discussion:
Do you have any questions or suggestions regarding this strategy?
Strategies forum.