Forex Trading System “The Beginning”

Hello, dear visitors of our Forex Trader Portal! We all know that the majority of trading strategies is based on technical analysis. For traders, this means tracking of indicators, candle patterns, etc.

But does this approach give confidence to the trader? Not always, because it is important to understand WHY you need to buy or sell, and not just to enter the market at the intersection of the lines X and Y.

The trading system “The Beginning” is fully based on conventional logic, understandable even to a child, and the behavior of the majority of traders. That gives it a solid foundation and allows you to concentrate on graphical analysis.

Characteristics

Platform: MetaTrader 4
Currency Pairs: EURUSD, AUDUSD
Timeframe: M30
Trading Time: London session
Recommended Broker: Roboforex

Logical basis

In the first half hour after the opening of London, the market is flooded with orders, which together provide the impetus that defines the movement for the next few hours until European traders will not leave for lunch.

It is this momentum we are trying to catch.

Rules of entry

30 minutes after the opening of London, as soon as half an hour (M30) candle is closed, we place the pending orders “Buy Stop”and “Sell Stop” at the points of 5 pips above High point and 5 pips below Low point .

Take Profit is not set; the Stop Loss is set at the level of the opposite order. I.e. if Stop Loss is triggered with buying, we sell automatically and vice versa.

Rules Of Exit

We close all trades and remove the pending orders that didn’t work in 2.5 hours (5 candles M30), when traders begin to prepare to leave for lunch.

You can experiment a bit with the time of closure. We do not know exactly when, with accuracy to the minute, traders are in a hurry for a business lunch.

Recommended Money Management

 

You should not risk more than 3% of the deposit in 1 trade. Although there are losing trades in this system even if they are small in size, but do not forget that they WILL BE. And it is just silly to risk a large share of your deposit.

Forex is a boring, routine work; don’t turn trading into the casino.