Now, just imagine if you combine the simple trading approach I outlined here today with the ability to find high-probability price action entry signals, place strategic stop losses , profit targets, manage your money properly and stay cool, calm. In 2016, Nial won the Million Dollar Trader Competition. Once you learn how to bring all this together you should be unstoppable, far less stressed, hopefully more profitable, binary options trading strategy that works and most of all, living a happier, healthier lifestyle. Traders get into trouble by entering stupid trades and thus taking stupid losses that were unnecessary, risking too much and then losing too much and just generally deviating from their trading plans. Executing this manual strategy should take only 5 minutes of your time, 5 days a week.
It does take time, training and patience to get good at this, like anything. There are some very good reasons why I do this. Everything your MT4 broker offers you as a trading instrument. The future price movement displayed on chart by FuturoFX was essential in achieving this result. FuturoFX is a very flexible correlation engine. Theres an extremely high correlation between trade frequency or number of trades taken per month and ones trading equity curve. The end results of taking just 4 trades per month over 3 different one-month periods: Conclusion I want you to promise yourself you will try this starting tomorrow: You will commit to taking just 4 trades per month. Here are the results of Month 1: You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. The first winner in this group was an obvious pin bar buy signal on Gold which formed at an event area that we discussed extensively in our daily trade setups newsletter as a buy zone before that pin formed. I am going to show you how I trade, how I think, how often I trade, planning risk / reward and more. The power of risk reward is often poorly understood and under-utilized by most traders, as a result, they lose money. The price projection in the future is based on how price behaved many times in the past.
Leave me a comment below with your promise to commit to this experiment, then after a month, contact me here and let me know your results. It took us a few months before deciding that FuturoFX was ready for becoming public, as we worked on refining the original code and making sure that we could be able to write all the sentences above. I am trying to show you that even with a low strike-rate (even below 50) with proper risk-reward, you can still make good money. Here is the basic trading logic for using. If it does find something interesting then it shows you what you can expect in the future given the current price behavior. Being able to reliably answer that simple question can make every trader a rich trader. Please share it with us in the comments below! Usually it is a matter of 50/50.
Notice, this was only a 1R profit with the reason being, there was a key resistance level coming into play before 2R would have been hit, so logic would dictate we exit ahead of the key level rather than. Notice that there were 2 losing trades and 2 winners, but the winners were both 2R, meaning 2 times risk, so a 2 to 1 risk reward. Please review our Refund Policy. When I enter a scalp trade with. Are you starting to see why I love this style of trading so much? If it spots a good correlation between the present price behavior and the past, it can help you predict quite efficiently how the price is most likely to behave. You must trade like a baller, not a scared trader desperate to make money. FuturoFX running on my platform Im constantly warned about the possible outcomes of my trade. The answer will tell me a lot about you and how youre doing in the market. You need to understand that: You do NOT need to trade a lot to make a lot of money. The 4-trade per month trading routine.
The second winner in this group was best h4 forex strategy a bit of a cheeky one; an inside bar sell signal at a key resistance level. We noticed a good number of winning trades at the opening of markets on Sunday, exploiting gaps. Here is an example on the 11th of June 2012: As you can see both charts suggest a rapid decline of prices, thats why we entered a market order aiming at the typical closure of the gap. Here are the results of Month 3: You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. You will notice we netted a 3R winner here and could have netted a 4 or 5R winner. About Nial Fuller Nial Fuller is a Professional Trader Author who is considered The Authority on Price Action Trading. And secondly it displays information in the future, not in the past. What this means, is that I prefer to take a low-frequency trading approach because the reality is that its what works. This is the result of 3 hours of trading with.
I spent another 2 hours with FuturoFX running on a couple of eurusd charts and as always the scalping was easy and profitable: 6 trades for a total of 28 pips (280 USD trading 1 lot; you can click. Key points to bring it all together: Minimalistic approach to trading (and life) is what I love and what works for me in the markets, it will work for you if you let. Youre trading the 4-trade per month method! Here are the results of Month 2: You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. The first winner best h4 forex strategy in the above spreadsheet was a nice pin bar sell signal at a key resistance level, as seen below. With risk-reward; by making sure your risk-reward is averaging about 2 to 1 (reward 2 times risk). Keep in mind, this is hypothetical. FuturoFX as a manual scalping tool: keep, futuroFX opened on two timeframes (e.g. FuturoFX Trading Assistant (MT4) 149.99 The FuturoFX Trading Assistant will help you predicting future price movement by analyzing the correlation of the current price pattern with those most frequently formed in the past. And having an edge in trading is everything. Those of you that know us better are well aware that we are not the kind of guys who blindly follow the fashion in Forex (most of the time it is just marketing hype however we must admit.