This is very effective “Forex Currency Strength Trading System” – The simpler the strategy, the easier it is to understand the underlying concepts.
- Best Time Frame: 30 min or higher
- Recommended Currency Pairs: any
MetaTrader Trading Indicators
- Color MA
- Wave Arrows
- SignalTrend
- Currency Strength
- Entry Signal
- FTR CT
- FTR Bars
- Color MA
- Color MA
- FSP Aggressive Entry
- Relative Strength Index
BUY Rules
- Color MA line Green color
- FSP Aggressive Entry blue bars
- RSI line above level 60
SELL Rules
- Color MA line Red color
- FSP Aggressive Entry red bars
- RSI line below level 40
Trading NOTES
There is no perfect strategy
I’ve tried just about every exit strategy out there. None are perfect. Sometimes you sell too soon. Sometimes you sell too late. That’s the bad news.
The good news? You do not need a perfect exit strategy to be successful. You just need to be able to protect your money when you are wrong – and take profits when you are right.
Use a demo account or a small live account first to practice this trading system.
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