The Forex trading according to this strategy is done on 6 currency pairs (EUR/USD, USD/CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY) and is mostly mid-term, because usually the orders are kept open for 1-3 days. The trading on several currency pairs provides the possibility to increase the profit. The trading can be trend-following, trend-reversal and even can be done during flat (but there no many signals then). The signals Forex can be placed into the category of low-risk ones, as the risk usually is not more than 20% for each trade.
The positions are opened on several currency pairs at the same time, 1 lot each. The whole strategy is based on the combination of technical and fundamental analysis. Usually the signals are sent from 23.00 to 1.00 GMT and from 13.00 to 15.00 GMT, depending on the situation on the market. Both market and pending orders can be opened. When some important news are released, the pending orders are placed.
The stop-losses and take-profits for the signals are determined according to the technical analysis Forex strategy, which implements MACD, RSI (for finding out the divergences and the trend direction), fractals (in order to build fractal models) and lines (like Demark lines, but changed by myself in a certain way) for confirmation of fractal models. Usually the positions are closed by take-profits or stop-losses. But in case the target profit isn’t reached or the price goes against an open position, the position can be closed manually. A stop-loss can be transferred to profitable zone, if a position reaches the certain profit.
The strategy can be corrected according to the changes in the market and the entire development of the situation in the world. The signals Forex are designed for people, who are eager to get additional profit, but don’t have possibility to analyze the market in a detailed way.
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