Winning at the Forex is boring work. Here's how to win.
1. Find a broker who allows hedging and scalping, and has a low Spread amount;
2. Use either the Hull Moving Average, or Linear Regression indicator; set it to 4;
3. Use the hourly chart on currency pair EURUSD;
4. Open trades only when the price has crossed the indicator on the hour;
5. Limit your number of open positions to one Buy and one Sell, max, with equal funding on both;
6. Start by doing one of the following, on the hour:
a. If the price has moved from below the indicator to above the indicator, Buy;
b. If the price has moved from above the indicator to below the indicator, Sell;
7. Set the
Limit to 20 pips, no
Stop;8. If one of your trades closes via the Limit, immediately close the other manually (if you have another one open), or set up an EA to automatically close it for you (if your broker allows EAs).
That's it. Over time, you will win more than you lose, and probably a lot more. But... it will be time consuming.
If you are in the Western Hemisphere, you will have to work nights, because the most activity is between midnight and 6AM Eastern.
