Round numbers forex trading strategy that can help you to get up to 600 pips per week. Do you need a strategy to pass ftmo, cti, 5%ers or improve get more pips from your trading? This is the best forex trading strategy in 2021 for you to use.
Indicators. We only use two indicators
– Numbers indicators. 00, 20, 50 and 80 levels
– 00 levels are white
– 20 and 80 levels are grey
– 50 levels are red
– There is a reason for this and we will get onto that soon
– Days of the week indicator
– For this strategy, we only trade Tuesday, Thursday & Friday
– You can only choose those days if you want to but I have chosen to see all the days of the week
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The basics
– This is a reversal strategy
– We are using the days of the week and levels to find reversal points
– We expect to see reversals on Tuesday, Thursday or Friday
– Two trade ideas per week max
– I said trade ideas because we will possibly be entering multiple trades for each idea
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The step by step plan
– Step 1: Wait until its Tuesday or Thursday/Friday
– Step 2: Check the 4h timeframe
– Step 3: If we are looking for longs, are we at the 20 level? If we are looking for shorts, are we at the 80 level? If not, we dont have a trade so close the charts.
– Step 4: If we are but we have been at this level for a day, close your charts and wait until your next reversal day.
– Step 5: If we are, open your first trade once price touches that level.
– Step 6: Put your SL at the next 50 level. If you’re going short its the 50 level above and if you’re going long its the 50 level below
– Step 7: Your take profit is 100 pips
– Step 8: If price touches the 00 level, enter another trade with the same SL and TP parameters
– Step 9: If price touches the 20 or 80 level, enter another trade with the same SL and TP parameters. Of course if you’re going long it would be the 80 level, if you’re going short it would be the 20 level.
– Step 10: Close your charts and walk away from your computer
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Timestamps
0:00 Intro
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Music from Harris Heller
+Disclaimer+
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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