Sunday, April 22, 2012

forex trading strategy#2 (fx_challenger 2 strategy)

This forex system is specialized for scalpers or who need few pips at the trade , scalping is one of the most important secrets in forex "Only" if you use it carefully and smartly .


In this strategy we will look at forex trading with fast vision as it need promptitude 





Time frame :15 min 


pairs: EUR/USD , GBP/USD , AUD/USD , USD/CAD , USD/CHF 




Tools :


moving average 200 EMA 


moving average 55 EMA 


S&R , trends , patterns, fibo 


bollinger bands with default setting 




Trading Rules:


For Buy:-


-trend with 2 lows .

- the price is almost close to one of the moving averages (200 or 55).

- presence of s&r ,pattern and fibo strong levels 






For sell:-


-trend with 2 highs .

- the price is almost close to one of the moving averages (200 or 55).

- presence of s&r ,pattern and fibo strong levels 








Target : 10 pips (without spread)


Stop : 20 pips (including spread)


Enjoy it and good luck in your forex trading  :)

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