FOREX Strategies Forex Strategy, Simple strategy, Forex Trading Strategy, Forex Scalping.
Forex Strategy — «1 Trade a Day»
Forex Strategy «1 trade a day» - another break-out strategy for forex transactions which are only 1 time per day — namely, at the closing and the breakdown of the Asian session , to the same trade is conducted only on currency pairs, associated with British Pound — GBP (gbpusd, gbpjpy, gbpaud, gbpcad, gbpchf, etc.) , because following the Asian session opens session in London.
1. For trade strategy «1 Trade a Day» , we need to schedule for the chosen currency pair to establish the familiar indicator ant-GUBreakout_V.0.4.2.ex4 — it will be for us to indicate the beginning and end of the Asian session , the parameters of the indicator as follows:
GMTShift - time shift your DC from GMT (for example Forex4you, Alpari — «1»)
Start — the start time «box» (0:00)
Offset — the indentation from the box to be placed orders 5-10 points (take a maximum of 10 — to 4-digit DC , type Forex4you and 100 — to 5-digit DC , type Alpari)
2. And as for trade, we need a tool Metatrader 4 — lines (levels) Fibonacci with the levels (0, 50% and 100%).
The strategy forex «1 trade a day» as follows:
1. We await, when closed box «Asian session» and to stretch her Fibonacci so that the level of 0 and 50% were on the extremes will get a box.
2. Fibonacci build in 2 opposite sides , look at the example below:
3. Level of 100% will indicate to us in our profit target.
4. After closing the box, set on the 1 st order on each side of the box — to buy and I sat down , with orders Buy Stop and Sell Stop set at a distance of 5-10 points of maximum and minimum of the resulting box.
5. Stop-loss orders are putting on the opposite side of the box.
6. If an order is opened, the second immediately remove, because trade is only 1 time a day!
1. Warrant closing the only stop-loss or take-profit — no matter how many days will be an open position!
2. As long as the open order for this strategy is not closed, the following order was not placed!
3. Also there is the option of their choice:
a) if the order is not closed at the end of the trading day — at 00.00 GMT, then closes it at the current market price.
b) if the order is not closed at the end of the trading day — at 00.00 GMT, the translation of stop-loss level «zero» or a fractal, and look forward to the next position is closed by stop-loss or take-profit.
1. Can optionally convert the position to breakeven with a trailing stop when reaching + 30% — 50% in profit on the size of the box.
2. Well, well, you can make a loss — do not trade if the box size was more than 120 points , as for such boxes is likely closing of the stop-loss, to the same stop-loss is obtained by a sufficiently large !
Statistics for 2010:
Profit is the current 2010 only for the currency pair GBPUSD made (subject — «Orders close only on stop-loss or take-profit — no matter how many days will be an open position»):
January 2010: profit of more than 400 points ! February 2010 (as of February 21): Just over 400 pips + one open transaction on the purchase!
The following are indicators and patterns to this forex strategy (need to unzip them first)
Download a template for MT4 (4-digit quotes) — 1_a_day_forex4you. tpl.
Download a template for MT4 (5-digit quotes) — 1_a_day_alpari. tp.
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Day Traders, Stick To The 1% Risk Rule.
Career day traders stick to a method called the 1% risk rule (or a slight variation of it). It assures minimal capital is lost when they aren't trading well or market conditions are tough, yet still allows for great monthly returns/income. Here's what the 1% risk rule is, and why you should follow it.
1% Risk Rule.
The 1% percent risk rule is never risking more than 1% of your account on a single trade.
That doesn't mean if you have a $30,000 trading account you can only buy $300 worth of stock (1% of $30,000). In fact, you can use all your capital on a single trade, or even more if you utilize leverage. Implementing the 1% risk rule means you take risk management steps so that you (likely) don't lose more than 1%--$300 in this case--on a single trade. How to apply these risk management techniques, so you only risk 1% of your account on each trade, is discussed below.
Reasons For Using the 1% Risk Rule.
Trading is tough, and no one wins every trade. The 1% risk rule helps protect a trader's capital from declining significantly when they aren't trading well or when market conditions are making it tough to make money. If you risk 1% of your current account balance on each trade you would need to lose 100 trades in a row to wipe out the account. If novice traders followed the 1% rule, many more of them would likely last through the very difficult first year.
Risking 1% (or less) per trade may seem like a small amount to some people, and yet it can still provide great returns. If you are risking 1%, your profit expectation on each trade should be 1.5% to 2%, or more. Making several trades a day, gaining a few percentage points on your account each day is quite possible, even if you only win half of your trades.
Here's how to do it.
1% Risk Rule Application.
By risking 1% of our own account, on a single trade, we are trading on our own terms. By that I mean you can make a trade which that gives you a 2% return on your account, even though the market only moved a fraction of a percent. Similarly, you can risk 1% of your account even if the price typically moves 5% or 0.5%. This is done using targets and stop loss orders.
Once you learn how to day trade stocks--or other market such as futures or forex--assume you see a trade setup where you want to buy a stock at $15. You have a $30,000 account. You look at the chart and see the price recently put in a short-term swing low at $14.90. You place a stop loss at $14.89, one cent below the recent low (see Where to Place a Stop Loss). Now that you know your stop loss location you can calculate how many shares to take so you don't lose more than 1% of your account.
1% of $30,000 is $300, that is your account risk . Your trade risk is $0.11, which is the difference between your entry price and stop loss price. Divide your account risk by your trade risk to get the proper position size: $300 / $0.11 = 2727 shares. Round this down to 2700. That is how many shares you can take, for this trade, so you don't lose more than 1% of your account.
Note that 2700 shares at $15 costs $40,500, which is more than the trader has. Therefore, leverage of at least 2:1 is required to make this trade.
If the price hits your stop loss you will lose about 1% of your capital, or close to $300 in this case. But if the price moves higher and you exit at the $15.22 you make almost 2% on your money, or close to $600 (less commissions). This is because your position is calibrated to make or lose almost 1% for each $0.11 the price moves. If you exit at $15.33 you make almost 3% on the trade, even though the price only moved about 2%.
Type of method allows trades to adapt to adapt to all type of markets conditions, whether volatile or sedate and still make money. The method is also applicable to all markets. Before trading be aware of slippage; that is when you're unable to get out at the stop loss price and could take a bigger loss than expected.
Variations of the Rule.
The 1% risk rule is common for people with trading accounts of less than $100,000. While 1% is recommended, once you're consistently profitable some traders use a 2% risk rule. It's the same, except you're allowed to risk 2%. A middle ground would be only risking 1.5%, or any other percentage below 2%.
For accounts over $100,000 many traders risk less than 1%. For example, ​they may only risk 0.5%, or even 0.1% a on large account. When short-term trading it becomes hard to even risk 1% because the position sizes get so big. Each trader finds a percentage they feel comfortable with and that suits the liquidity of the market they are trading. Whichever percentage you choose, keep it below 2%.
Final Word on the 1% Risk Rule.
The 1% rule can be tweaked to suit each individual trader's account size and market. Set a percentage you are OK with risking and then calculate your position size for each trade according to the entry price and stop loss. Following the 1% rule means you can withstand a long string of losses. Assuming winners are bigger than losers you'll find your capital doesn't drop very quickly but can rise rather quickly. Before risking any money, even 1%, it's recommended you practice a strategy in a demo account and make sure you are consistently profitable with it.

Forex 1 per day

Beda forex saham Dailyfx italia forex Forex trader taxes Forex diamond ea Number of forex broker accounts Back testing all of my various strategies that we trade in my chat room I realized that if I simply restricted my trades to just one trade per day for each strategy and With forex markets, Helping the traders to better understand what our role is and where we add value so markets reward us with a few bits for. Once triggered we stay in until 1 of 3 criteria is met. Our Stop is hit. Our Target is hit. The close of the day without our SL or TP being hit. An example of 2 trades are shown below. A few notes. No indicators are used to asses trend OB OS etc etc. This is % mechanical. We trade just once a day per spot. Scenario for how much money a simple and risk controlled forex day trading strategy can make, and guidance on how to achieve that level of success. jpg. Learn how much you can make forex day trading from home. They risk only 1% of their capital or $50 per trade. This is accomplished.
Demokonto forexpros.
Here are the top 10 option concepts you should understand before making your first real trade:

5 Forex Day Trading Mistakes To Avoid.
In the high leverage game of retail forex day trading, there are certain practices that, if used regularly, are likely to lose a trader all he has. There are five common mistakes that day traders often make in an attempt to ramp up returns, but that end up resulting in lower returns. These five potentially devastating mistakes can be avoided with knowledge, discipline and an alternative approach. (For more strategies that you can use, check out Strategies For Part-Time Forex Traders .)
Traders often stumble across averaging down. It is not something they intended to do when they began trading, but most traders have ended up doing it. There are several problems with averaging down.
The main problem is that a losing position is being held - not only potentially sacrificing money, but also time. This time and money could be placed in something else that is proving itself to be a better position.
Also, for capital that is lost, a larger return is needed on remaining capital to get it back. If a trader loses 50% of her capital, it will take a 100% return to bring her back to the original capital level. Losing large chunks of money on single trades or on single days of trading can cripple capital growth for long periods of time.
While it may work a few times, averaging down will inevitably lead to a large loss or margin call, as a trend can sustain itself longer than a trader can stay liquid - especially if more capital is being added as the position moves further out of the money.
Day traders are especially sensitive to these issues. The short time frame for trades means opportunities must be capitalized on when they occur and bad trades must be exited quickly. (To learn more on averaging down, check out Buying Stocks When The Price Goes Down: Big Mistake? )
Traders know the news events that will move the market, yet the direction is not known in advance. A trader may even be fairly confident what a news announcement may be - for instance that the Federal Reserve will or will not raise interest rates - but even so cannot predict how the market will react to this expected news. Often there are additional statements, figures or forward looking indications provided by news announcements that can make movements extremely illogical.
There is also the simple fact that as volatility surges and all sorts of orders hit the market, stops are triggered on both sides of the market. This often results in whip-saw like action before a trend emerges (if one emerges in the near term at all).
For all these reasons, taking a position before a news announcement can seriously jeopardize a trader's chances of success. There is no easy money here; those who believe there is may face larger than usual losses.
Trading Right after News.
A news headline hits the markets and then the market starts to move aggressively. It seems like easy money to hop on board and grab some pips. If this is done in a non-regimented and untested way without a solid trading plan behind it, it can be just as devastating as placing a gamble before the news comes out.
News announcements often cause whipsaw-like action because of a lack of liquidity and hair-pin turns in the market assessment of the report. Even a trade that is in the money can turn quickly, bringing large losses as large swings occur back and forth. Stops during these times are dependent on liquidity that may not be there, which means losses could potentially be much more than calculated.
Day traders should wait for volatility to subside and for a definitive trend to develop after news announcements. By doing so there is likely to be fewer liquidity concerns, risk can be managed more effectively and a more stable price direction is likely. (For more on trading with news releases, read How To Trade Forex On News Releases .)
Risking More Than 1% of Capital.
Day trading also deserves some extra attention in this area. A daily risk maximum should also be implemented. This daily risk maximum can be 1% (or less) of capital, or equivalent to the average daily profit over a 30 day period. For example, a trader with a $50,000 account (leverage not included) could lose a maximum of $500 per day. Alternatively, this number could be altered so it is more in line with the average daily gain - if a trader makes $100 on positive days, she keeps losing days close to $100 or less.
The purpose of this method is to make sure no single trade or single day of trading hurts the traders account significantly. By adopting a risk maximum that is equivalent to the average daily gain over a 30 day period, the trader knows that he will not lose more in a single trade/day than he can make back on another. (To understand the risks involved in the forex market, see Forex Leverage: A Double-Edged Sword .)
Unrealistic expectations come from many sources, but often result in all of the above problems. Our own trading expectations are often imposed on the market, leaving us expecting it to act according our desires and trade direction. The market doesn't care what you want. Traders must accept that the market can be illogical. It can be choppy, volatile and trending all in short, medium and long-term cycles. Isolating each move and profiting from it is not possible, and believing so will result in frustration and errors in judgment.
The best way to avoid unrealistic expectations is formulate a trading plan and then trade it. If it yields steady results, then don't change it - with forex leverage, even a small gain can become large. Accept this as what the market gives you. As capital grows over time, the position size can be increased to bring in higher dollar returns. Also, new strategies can be implemented and tested with minimal capital at first. Then, if positive results are seen, more capital can be put into the strategy.
Intra-day, a trader must also accept what the market provides at different parts of the day. Near the open, the markets are more volatile. Specific strategies can be used during the market open that may not work later in the day. As the day progresses, it may become quieter and a different strategy can be used. Towards the close, there may be a pickup in action and yet another strategy can be used. Accept what is given at each point in the day and don't expect more from a system than what it is providing.