lets start posting good forex strategies so all guys from newbie to senior trader can earn good pips profit, i will start sharing and posting different strategies here time to time.



A first good strategy (for short term traders) in forex day trading is "use Low spreads and high volatility"

Low spreads and high volatility causes that very popular way of trading on Forex daytrading. Every each day on foreign exchange market there are many occasions to get some pips on short term trades. Many traders do only trades witch duration is shorter than few hours.

Turtle Strategy! (for long term or medium term traders)

Turtle strategy is good for long term trading or taking long term postion...
here is a link to download word file..

http://www.savefile.com/files.php?fid=6452290

Regards

Here I got a quite good ebook for newbie and seasoned traders:

FxTradingStrategies.pdf

you can get the basic from my site.

There is a strategy going around called Jareds which is very good for new traders, the signals are clear. But the guy who created it didn't really study his Ma's good enough.

I use it sometimes, with different SMA's

I believe his strat is to trade 2 emas on close with 10 and 40
Use the crosses as entry/exits but the candle has to close above the cross .. If that makes sense. I have a video on it if you want it pm me.

I adjusted it a bit with the Ma's to SMA's and some new numbers. Got rid of alot of the false signals.

Back testing is always good.

PM me if you want the new numbers also.

Trading news is high win % strategy if there are big different in report's figure. It's some sort of volatility breakout trading system. I use it quite frequently.

thanks phildunn if you dont mind please explain with details and share with other users here!

pls share your knowledge philldunn.
dont keep it to yourself.

Another good strategy i found
10 pips per Day strategy !
yes make 10 pips per day see the files here
* 10 pips strategy file
* and 10 pips caculator excel file !!!


http://www.savefile.com/projects.php?pid=715353

There is no secret in this strategy. Just get fast news so u can analysis it quickly and watch the reaction of market and support/resistance. If the gap of important figures is higher(market expected +ve but in real is -ve), the more easier u trade it. Easy in theory but need a lot of patience and practice.

What phildunn is trying to say is. What you need is a good financial calender which updateds automatically upon release, so the news you get it on time and can react with the market.

The problem with news trading is, you have to be very patient until the data is released, If you speculate, you are almost guarenteed to get burnt for some times.

There was a phrase going around marketiva chat once.

Charts are the arts,
News is the blues.

Also sometimes some big players trade against the news to gain more profit, you will see some rallies going up 30 then down 100.

Not only figures but it's better if u know the details report also in fast time. I get fast news and reports from chinese forex site. As far as I know,if u want fast news in english,check bloomberg tv/radio or pay live streaming news.

this is called fundamental strategy ...
thanks for reply phildunn i am also trying to get professional in newsfeed strategy i am using fxcm.com news ticker and bloomberg also... as well as forextv.com news

if the mentioned file will not work try this link http://fupload.com/fxtradingstrategy.pdf

I have bloomberg EUR on satelite. It gets the news the same as the site i use for figures, and usually it gives the figures the same time then discusses. So virtually the only time to act is on the figure announcements.

There are alot of chinese sites around for forex i noticed and alot of them are good as far as people tell me. I dno i dont read chinese, nor plan to learn.

I use easy-forex financial calender for the data numbers, but usually i just trade the trend and am safe.

You will find that 90% of news based rallies do not trend a pair. But just put a dent in a trend line.

Some traders say they do not trade the news. In fact, I use the day trading technique with news releases.

What I look for is news that has volatility for the eur/usd (low spread) once they come out, I compare actual and check expected rate and previous. I usually wait few minutes and setup my chart on 1-minute and wait for a cross in a specified direction which is confirmed by MACD and RSI, I consider this my signal.. usually good for small pips 10-20.

And I think technical analysis is important but trading news mixed with technical indicators at same time can make good results.

If your platform allow hedging, and you made a false signal, you may not close the losing position instead opening a position in opposite way this will limit your losses, and give you enough time. Usually the market will go up and down and you can avoid losing trades.

i take news as 10% of decision making, 30% technical, 40% trend / pattern and 20% own sense.

turtle is good to determine entering position, for exit it's safer to use jap candle, especially doji. as i mentioned in other post, never regret closing your position too early.

in order to make huge profit, margin is very important.

here i found another good strategy from starto ..its for MT4 users ... its called starto-blaster formula
here are the files :
http://www.savefile.com/projects.php?pid=715353

1- sarto-Blaster
2- sarto-tp-file

wma cross strategy by bunnygirl of moneytec.
one thing should be clear that LWMA indicator is mentioned here so use lwma with 5 and 20 settings on 30 minutes chart.
so the same post is bellow from bunnygirl :
--------------------------------------------------------------------

Here is a strategy:

Enter short eur/usd 20 pips below the level of wma5 & wma20 cross.

Enter long eur/usd 24 pips (20 + spread) above the level of wma5 & wma20 cross.

Entry for usd/chf & gbp/usd is 30 pips below the cross for short, 35 pips (30 + spread) above the cross for long.

The waiting pips are a good filter for whipsaws.

Initial stop loss is the level of the cross.

I trail my stop loss at the end of every 30 mins, moving it to the extreme of the last 30 mins unless it was a longer than average bar, when I move stop loss to halfway up the bar. I also move down to 5 mins with same averages to help with better exit.

My first target is 30 pips, then 50 pips, then 100 + pips. Any suggestions on adding to trades & especially on exits would be much apreciated.

Bunnygirl
Run rabbit, run rabbit, run run run

Hey guy's what does hedging invlove? Is it true its away to minimize your losses?

In the Forex market, hedging is a method practiced by Forex traders in order to minimize their losses. Generally, hedging involves complicated financial instrument known as derivative, and the 2 most common types of derivatives are future and options. With these instruments used correctly, a loss in one of the investment can be offset by a gain in a derivative. In order to better understand how hedging works, let's take a car maker company in the US as an example. After the car company is US manufactures the car, they intend to sell the car in the European market. Each time when they are selling the car, they need to convert the value of the car from the USD to GBP, however, due to the constant fluctuation of the currency exchange rate, the actual value of the car (after converted to GBP) may varies. In order to protect the profit margin of the company from the fluctuation of the currency exchange, the car manufacturer company hedge and fix the conversion rate from USD to GBP at a specific value, thus eliminating the risk of losses due to fluctuation in the currency exchange. Hedging in Forex market works in a similar way mentioned above, however, there's a variety of way to hedge in the Forex market for an investor as there are numerous options and future contracts available in the Forex market.

Although hedging may sound like a foul proof technique, there are still some reasons why an investor may need to think carefully before considering to hedge in Forex market. Firstly, hedging will be a very useful tool if an investor suffers a loss in his investment due to the fact where by hedging, the amount of losses can be decreased and minimized to a smaller amount. However, hedging will only be a nuisance to the profit gain if the investor doesn't suffer any form of losses because the amount of potential profit would be greatly decreased due to hedging. Besides that, unlike buying insurance, hedging is not a 100% safe technique as hedging in Forex trading is not as simple as it seemed. Hedging precisely in an investment is a very complicated task and in most of the time, things may go wrong and not according to the way as planned.

For beginners in Forex trading, Forex hedging is always a very good tool to be utilized in order to avoid from suffering a huge amount of losses in their early stage of investment. Therefore, it is most advisable for all of the investors, regardless of what type of investment they are in, to understand more about hedging because this is considerably one of the most effective way in order to protect themselves in Forex trading.

i will now try to find good backtested strategies instead of new one...
here is a backtested strategy by iGoR called "Urban Pluto Trading Method" works perfect on metatrader4 and best for short term gbpusd trades...
files are here:
http://www.savefile.com/files.php?fid=5129606

wanna make 600 pips per week (per currency pair) with a new uploaded strategy by spoutnik then go for it. its called spountnik strategy and good for MT4 platform users...
file is here:
http://www.savefile.com/files.php?fid=3915795

Interesting. Have you tested this on virtual?

awwwwwwwwwww 600 pips / week what more i can say tha cool?

if you can manage 2000 pips / month constantly, consider starting a signal site would be a very good supplement income.

thats my two cents ...

this will drive people crazy.
Any affiliate links?

hahaha, its great to c peps helpin other peps! This is excellent thread

I just use SMA, EMA crossovers along with the MACD and Support and Resistance levels and Bollinger Bands (with the ADX) and fundamentals are a major market shaker

yes just helping peps.... SMA, EMA crossover is a good strategy to confirm trades i mentioned wma crossover strategy in this thread above... must check that too AppleXY

As for the news trader on the top of this page. Your strategy is called "Market speculation", can be good but can be bad.

As for hedging, if you don't do it so that you profit both ways, you can lose both ways as well. Secure your gains or double your losses.

Other than that the rest of the strats look nice. Didn't dl that file to backtest though. But i doubt you can guarentee 600 pips a week with a script.

Is bunny girl a legend? every one seem's too drool over her

this strategy is already backtested... i also checked it ...and using it in certain market conditions.

here comes another ... 20 pips per day strategy for all ! some one posted a proven method 20 pips per day forex strategy yes i can also prove this strategy... go to the blog site bellow and read this strategy

http://forexsecret.blogspot.com/

I want too see proof that this system makes 20 pips a day, every day for the rest of the traders trading life.

yes u can make $ everyday ... by just investing to the site you mentioned on your profile's Favorite Money Making Moment: .........

that blog has my approval.

I am totally unable to download from savefiles.com. Why could that be? Thank you.

see all files are there nd downloadable...ay be you have a popup blocker...
or try here:
http://www.savefile.com/projects.php?pid=715353

I played around with the spoutnik strategy a bit. I don't like they are looking for going EA. You should follow the link here, where they are improving this system :

http://www.forex-tsd.com/suggestions-tradi...looking-ea.html

The thing is that it only is a backtested strategy as far as I know, it probably won't work good when going live. But when they are developing it I'm sure they will improve it.

They already removed the Fisher indicator as it was useless when live. They replaced it with CCI.

Here is a picture of the system :

yes i agree ... its now changed the rebirth files are here:
http://www.savefile.com/files/6575868 or see the thread here:
http://www.forex-tsd.com/20000-post16.html

What do you mean i can make money just by investing in my website. I already do make money from it a small sum of $50 a week

here is another strategy ....download the pdf ... its a strategy for GBP/USD by currency-tradermag.. but its not that much populer strategy...but it will work when london market open and trade between 3:00 EST to 8:00 EST
files are here :
http://www.savefile.com/files/8461574
or you may go to original source:
http://www.currencytradermag.com/pdf/kerr_currency.pdf


.

Why would a strategy only work for 1 pair. All my strategies (unpublished) work for at least the top 4 usd pairs. u/j u/chf e/u or g/u

The only thing that effects alot of them is market change. From a trending market to a volatile market to a ranging market.

If it keeps changing every week.. alot of strats just dont work.

some strategy work best on certain pair. because of their formula and requirement.

yes fxinvestmentpool admin if you see that every strategy may have its own indicators and calculations so EiGCustcare is right that... some strategies work best on certain pair. because of their formula and requirement.
.....
any way here i found a good strategy its Donachian channel strategy... hope you will like it...
http://www.savefile.com/files/8896952

moneymaker3 what strategy do you use to make your trades work?

Trading 1 pair. How boring :S

But my theory is, if it works on g/u it works on e/u. It will most likely work on u/chf. Only jpy pairs are stupid with e/u strats. But if you can adjust them to work with jpy. Fun is in the air.

I am making an expert for my 15 pip strat, i did 130 pips with it yesterday and it feels good to trade 15 min charts.

i use many strategies and share with you guys here... i try different strategies different time...

do u mind to share your strategy?

This one is profitable :

Stratoblaster Forex Trading Formula

http://www.strategybuilderfx.com/forums/sh...65&page=1&pp=40

90% of my trades were profitable (on a demo account). Luck? You deiceide. But I really don't like the indicators, otherwise I would stick with it.

that doesn't make sense...

That system would give you 10's of MILLIONS of dollars but you didn't stick with it because u didn't care for the indicators?