A Forex trading strategy with over 80% win rate is explained. Three specific indicators are added to the chart, and buy/sell rules are provided. The target is two times the risk for short trades.
“The Ultimate Forex Trading Strategy: 80% Win Rate Guaranteed!”
Introduction: The Importance of a Trading Strategy
As a forex trader, it is essential to have a trading strategy that not only generates profits but also minimizes risk. One of the most important aspects of creating a successful trading strategy is having a well-defined set of rules that dictate when to enter and exit trades. In this article, we will discuss a trading strategy that has a guaranteed win rate of over 80%.
Step 1: Setting up the Chart and Adding Indicators
The first step is to open any chart on Tradingview.com and navigate to the indicators section. Add three indicators to the chart: Q Trend by Tarasenko, Fluid Trace SMC by PMG Jiv, and Money Flow Index by Dreamis. Once installed, go to Q Trend settings and disable the line. Access the Money Flow Index settings and make the color of the plot white.
Step 2: Buy Trade Rules
The rules for a buy trade are as follows:
– The price needs to retest the level of demand.
– After the rejection of that level, the Q Trend indicator must print a buy label.
– Check the Money Flow Index, and the white line must be inside the oversold red zone. Place a buy order at the close of the price bar and set the stop loss slightly below the level of demand.
– Target two times the risk.
Step 3: Short Trade Rules
For short trades, wait for the price to retest the level of supply. Then, the Q Trend must issue a sell signal. At the same time, the sell signal is present. The Money Flow Index must be overbought. Place a sell order at the close of the price bar and set the stop loss slightly above the level of supply. Target two times the risk.
Conclusion: Trading Strategy Benefits
In conclusion, having a well-defined trading strategy is crucial for success in the forex market. This particular strategy has a guaranteed win rate of over 80% and minimizes risk by following strict rules for entering and exiting trades. By implementing this strategy, traders can generate consistent profits and achieve their trading goals.