The Simple Forex Trading Strategy that Works for You

This is the Simple Forex Trading Strategies that Work for You ” Easy Forex Secret Protocol System“. I made it to be easier for you to trade, so now it’s pure mechanical. But enough talking, let’s move straight to the system itself.

 
Here we have 7 newly coded indicators, 3 of them are plotted on the price chart and the rest 4 are located in separate windows.

Here they are:

  1. FSP Rabge & Spread
  2. FSP Short Trend
  3. Buy Zone Fibs
  4. FSP Consevative Trend
  5. FSP HTF Trend
  6. FSP Fast Trend
  7. CCI Entry

 

The Simple Forex Trading Rules

 

First, we can trade this Simple Forex Trading System as per original rules by using FSP HTF Trend indicator to determine the long term trend direction and then use one of the FSP Conservative Entry or FSP Medium Aggressive Entry.

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Long Trade Rules
  1. Price above Buy Zone Fibs
  2. FSP HTF Trend indicator to be colored blue showing that there is an uptrend going on at the moment.
  3. Some of FSP Conservative Entry or FSP Medium Aggressive Entry indicators to have one closed blue bar and the next current one to be blue also.
  4. CCI Entry above 0 line
  5. Next if all the above conditions were met, a long entry can be placed.
  6. Stop Loss is set just below the last swing low point.
  7. Take Profit is set as per original FSP rules, depending the market and pair volatility or equal to Stop Loss.

 

Short Trade Rules
  1. Price below Buy Zone Fibs
  2. FSP HTF Trend indicator to be colored red showing that there is a downtrend going on at the moment.
  3. Some of FSP Conservative Entry or FSP Medium Aggressive Entry indicators to have one closed red bar and the next current one to be red also.
  4. CCI Entry below 0 line
  5. Next if all the above conditions were met, a short entry can be placed.
  6. Stop Loss is set just above the last swing high point.
  7. Take Profit is set as per original FSP rules, depending the market and pair volatility or equal to Stop Loss.

 

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For FSP Aggressive Entry, we don’t need any higher timeframe confirmations and can place them as soon as we have a signal. For FSP Ultra Aggressive Entry, we have to use the FSP Fast Trend to confirm our entry and of course we need to have that huge move in the opposite site of our entry signal direction.

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