opinion, can help everyone to understand the forex strategy). To backtest, you would write down at what price you wouldve entered, your stop loss, and your exit strategy. For this system, we are willing to risk 100 pips on each trade. You couldve bought yourself something nice after this trade! The, rSI is an extra confirmation tool that helps us determine the strength of our trend. Enter with 2 or 3 positions, so you can close them at different points. The most important thing is discipline. Trust your system and trust yourself!
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A.) below, the red arrows represent an invalid trade for the same reason. If you have tested your forex system thoroughly through back testing and by trading it live forex aktiver trader on a demo account for at least 2 months Then you should feel confident enough to know that as long as you follow your rules, you will end. It will sometimes happen that one trigger line changes colour and then changes back while the others dont. After figuring out our trade setup, we then determined our risk for each trade. We only enter a trade long when ALL three trigger lines on the chart change colour from white to blue and the Long/Short indicator bars are also blue. In fact, keeping it simple will give you less of a headache. You can see that when the moving averages cross in the opposite direction, it was a good time for us to exit. It basically means that forex trading systems dont have to be complicated. Heres an example of a short entry order for the So Easy Its Ridiculous system. For example, if using H4, take profit @100, 200 and leave third position to trail (100 pips) until exit signal. It is best to enter a long trade when the blue bars are short, and a short trade when the red bars are tall, however, this does not invalidate the trade if all other entry conditions are met, it just means that the trade may. If the Long/Short indicator changes colour during a trade, dont worry, we only use it for entry.