The video outlines a simple strategy to trade Forex using three moving averages as dynamic support and resistance zones. The strategy relies on price action and momentum, and is profitable on all time frames. The video provides step-by-step instructions on how to set up the moving averages and identifies the rules for entering long and short trades. The strategy can be used on cell phone devices and can gain at least 60% of account balance in 30 days, risking only 2% per trade. The video also includes test results on the Euro USD currency pair, showing a 63% win rate and an 86% gain on the account.
A Profitable Forex Trading Strategy: Mastering Moving Averages
Introduction
– Explanation of a profitable strategy based on moving averages
– Emphasis on the importance of mastering this simple strategy
Step-by-Step Guide to the Strategy
– Using tradingview.com and selecting GBP JPY currency pair
– Setting time frame to five minutes
– Explanation of the three moving average lines as dynamic support and resistance zones
– Testing the strategy and potential gains
Set Up of Moving Averages
– Adding indicators to chart
– Importance of using three moving averages instead of one for accuracy
– Discussion of traditional vs. dynamic support and resistance zones
Rules of the Strategy
– Price should cross moving averages from above to below
– Market price should hold in moving average zone
– Importance of identifying high momentum candles
– Setting stop loss and profit targets
Buy Rules vs Sell Rules
– Description of the opposite rules for buying and selling
Results of Testing the Strategy
– Analysis of using the strategy on the Euro USD currency pair
– Explanation of the win rate, risk reward ratio, and potential gains
Conclusion
– Recap of the strategy and its simplicity
– Encouragement to practice and master the strategy
– Reminder to subscribe, like and share the video