My strategy is based mostly on scalping for quick profits. I do a lot of trading on a daily basis. The trading strategy is based on technical Forex analysis. Trend lines, levels of support and resistance. I follow marcoeconomic news for trading the markets as well.
Using my strategy you will not loose more than 300 pips. This is the max drawdown but in most cases the stop is 150 pips but in extreem cases it can be 300 pips.
I do sometimes take a position trade that can run for a few days but mostly the Forex trading strategy is based on a daily position trading.
My strategy is effective in all kinds of forex accounts. You can use it in a micro, mini or a standard trading account.
I reccomend that you use no more than 5% of your account balance for each trade.
It is very important that you do not miss the signals when they are given so if you can automate the trades, I would encourage you to do so.
fafnir72 - Forex trading strategy
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2010
+3.9%
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