Rating of Forex strategies
Having taken the first steps on the path to becoming a successful trader, every beginner is faced with the need to apply certain trading rules and systematic actions in their trading.
Yes, exactly systemic ones, so the first thing that comes to mind is creating your own unique trading strategy. But is it that easy to do? Believe me, no matter how much you try to create something unique and inimitable at the beginning of your journey, it has long been created and tested by someone.
You will ask why?
However, you can go the other way and not waste precious time, stepping on the same rake, but use ready-made trading strategies.
Our website, like many information resources, provides a fairly wide range of different trading strategies that are available for free download completely free of charge.
However, to make it easier for you to choose a trading strategy, we decided to create our own rating of trading strategies and focus your attention on them.
Forex strategies included in the rating.
The first strategy that we are ready to recommend to beginners is called “ Forex Breakout Strategy ”. Actually, why did we single her out first? To begin with, I would like to note that the strategy is based on the breakdown of the so-called time boxes, which are formed by the indicator for a certain trading session.
The second factor why we recommend this strategy is the time it takes to trade. According to the strategy, you need to place two pending orders, which are released clearly along the boundaries of a given range.
Since when placing pending orders, you clearly know where your stop orders will be placed and profits, you no longer need to frantically stay at the screen around the clock, which reduces the psychological burden by an order of magnitude.
The second strategy that we included in the rating is called “ TRADING STRATEGY 3 BAR BUY/LOW SET UP ”. So, what is so special about this trading tactic that we included it in our rating?
To begin with, it is worth noting that this strategy is not just technical, consisting of indicators alone, but also contains elements of candlestick analysis. Yes, it is the philosophy of combining two diametrically opposed styles that makes this strategy more profitable.
However, you should immediately warn that signals using this tactic are extremely rare, but at the same time very effective. In addition to praise, it is worth noting that the strategy has a strong psychological impact, since the signals are directed against the main trend, namely its reversal.
Therefore, if you are not willing to take risks, this strategy is not for you.
The third strategy that we want to recommend to you is called “ RSI STRATEGY ”. No, don’t think that this is another story about the popular RSI indicator, where there are detailed instructions on how to use it.
However, in a strategy that consists of several indicators, RSI performs a rather extraordinary function, namely, it signals a possible price reversal, after which, according to the readings of other indicators, the position is directly entered.
Due to the saturation of the strategy with trend indicators, it gives slightly delayed signals, but at the same time you should clearly know that positions last a long time and take a very good profit.
The fourth strategy that you should pay attention to is called “ SUPER CHANNEL SCALPER ”. Firstly, this strategy is suitable only for those traders who are completely ready to devote themselves to trading.
Yes, this strategy requires the trader’s complete absorption into the market, since the chart used is one-minute or five-minute, and the trading style itself is called scalping . The essence and philosophy of the strategy is that the price, during its movement, forms a so-called channel or range, within which deviations from the golden mean occur.
Actually, you will receive signals from the indicator when the price touches this market channel, and all your signals will be directed towards the main trend, since the strategy has a filter for determining global movement.
The strategy itself is very simple to use, and the number of signals will please even the most active trader.
The fifth and final one in our ranking is a strategy called “ FISHER ”. This strategy stands out for its simplicity, since it is based on only two indicators, one of them being the fairly well-known and popular FISHER oscillator.
Actually, the strategy combines a trend indicator and an oscillator, which makes the strategy more than balanced. Primarily aimed at beginners.
In conclusion, it is worth noting that the main mistake beginners make is focusing on only one specific strategy.
Unfortunately, this is the biggest misconception of beginners, since pros always use two or more divergent tactics, which is what we advise you to do. You will find other trading options in the section http://time-forex.com/strategy