• Home
  • Forex For Beginners
  • Forex Brokers
    • Binary Options Brokers
  • Forex Robots
  • All Posts
  • Trading Tools
    • Economic Calendar
    • Forex Market Hours
    • Online Quotes
    • Forex Charts
    • Lot Size Calculator
    • Margin Calculator
Forex Trader Portal

Forex - Trading Strategies, Robots, Indicators, Lessons

Forex Ultra Filter — Rough and Tough Approach to the Market

August 31, 2024 by Michael 4 Comments

Forex Ultra Filter rough and tough approach to the market

Hello, friends Forex traders!

Market it like a woman, sometimes requires persistence, tough approach, simple and tough decisions. After all, our main goal is to make a profit, although not in quite graceful ways.

Today we will discuss a very simple and efficient strategy Forex Ultra Filter, that was created specifically for AUDUSD pair. Even a novice can follow it. Author of this TS increased his deposit 6 times for a year on this Forex system.

Characteristics of Forex Ultra Filter strategy

Platform: MetaTrader 4
Currency Pairs: AUDUSD
Timeframe: H1 + H4
Trading Time: All trading sesions
Recommended Broker: Roboforex, Instaforex, Hotforex

Basis of the strategy

AUDUSDDaily

If we look at the daily chart of AUDUSD pair (see above), we will understand that clear trend swings asking to get a profit are visible to the naked eye. That allows you to hold position for a long time.

The obvious conclusion is that we need a good trigger on entry/exit and optimal levels of take-profits/risks. And, of course, we should not forget about money management.

 

Entries and exits

We enter using Ultra Filter indicator. Everything is very simple: we enter when the indicator changes color. Red — we sell, blue — we buy.

And that is very important — we ENTER AT THE OPENING OF THE SIGNAL CANDLE, unlike many other Forex strategies where we enter after closing of the signal bar. I.e. as soon as the signal at the candle opening appears, we open order immediately.

We exit when we get opposite signal of the indicator (flip of trade), or by Stop loss/Take-profit.

ultra filter sell trade

ultra filter buy trade

Stop-Loss and Take-Profit

Stop Loss for this strategy is equal to 70 pips, that approximately corresponds to an average daily volatility of Australian dollar.

TP is 210 pips. i.e. 3 times more than SL.

Money Management

Recommended risk level is lot 0.01 for every 100$ of deposit.

In addition

According the system we enter around the clock, regardless of the current trading session. We don’t pay attention to the releases of economic news.

Option № 2 of the system

There is also the longer version of this forex system for those who have no time to follow H1.

We trade on four-hour chart (H4), enter/exit on the signals of the indicator also. Stop-loss is 150 pips, TP is 450 pips.

Summary

Forex Ultra Filter strategy shows that even a rough approach to the analysis of the market in compliance with the rules makes a profit. This forex system is suitable for those traders who are attracted to the simplicity and absence of need to give a lot of mental energy for daily market analysis.

Among the shortcomings can be noted drawdowns, often prolonged, because we are trying to capture the major trends. This system is similar to the famous strategy of Turtles.

 

Download files of the strategy

Related Posts:

  • How to choose a reliable broker? Psychological mistakes of a trader
    How to choose a reliable broker? Psychological mistakes of a…
  • How do Crypto Whales affect the price and why should traders monitor them?
    How do Crypto Whales affect the price and why should traders…
  • Repainting indicators - is it always bad thing?
Posted in: Forex Trading Strategies Tagged: Forex strategies, forex system, roboforex
« VPS for Forex Trading Lesson 1 - Believe in Yourself and Change Your Life! »
← VPS for Forex Trading
Investor’s Digest: September, 2015 →

Categories

  • Binary Options
  • Currency Pairs
  • For Traders
  • Forex for Beginners
  • Forex Indicators
  • Forex Robots
  • Forex Trading Psychology
  • Forex Trading Strategies
  • Price Action

Recommended Forex Broker

Have To Look

  • The 5 Steps to becoming a trader
  • How to install a Forex Robot?
  • The whole truth about leverage in Forex
  • What is difference between old and new pips in Forex?
  • Trading Strategies Installation Instructions
  • My VPS choice

    About This Site

    This blog mission is to teach people about Forex trading, including trading strategies, robots (EA), and indicators. We provide newcomers with lessons, reviews, tutorials, and more.

    Join us on Facebook!

    Random Posts

    • Binary Options and Casino - what’s the difference?
    • Built-in VPS in MT4 and MT5
    • How to work with bonuses on Forex?
    • The Hit of the Season: Web version of MetaTrader 4
    • Stairstep Breakout System — when the Flat is your friend

    Copyright © 2023 Forex Trader Portal.

    Omega WordPress Theme by ThemeHall

    Home | Forex Robots Laboratory | For copyright holders | All posts |
    Risk Warning. There is a high level of risk involved when trading leveraged products such as Forex. You should not risk more than you can afford to lose. All posts published on this portal are only recommendatory and all responsibility for decisions lies on readers.
    (c) 2015-2021 All rights reserved