Greetings,
Let me start with a simple question: Do you like paying bills every month?
I certainly don’t. I’d be willing to bet that you don’t either. Nobody does. That is your hard earned money going off in 20 different directions. The worst part of all is that it’s usually for necessities – things in life you couldn’t go without, such as gas, electricity, etc. The funny thing about that is that nobody appreciates those commodities. How many of you wake up each morning, flip the light switch, and feel truly blessed because you’ve got a running current into your home??
My point is that bills pile up quickly each month regardless of whether or not you even enjoy or appreciate the services you are paying for. That is, of course, until they are taken away from you (such as when the electric goes out temporarily due to a storm).
When we go out to eat or buy a new plasma TV, we feel an immediate reward. Our money seems to be well spent. We get satisfaction out of things like food and entertainment. Bills are just sort of there…staring back at you in that mundane fashion.
I’m digressing.
This post is about how you can play the Forex game very conservatively, with very little risk to you, and still manage to earn enough income to pay most of your bills each month.
Think of this as simply free money that can go towards your phone bill, cable, internet, electric, etc.
We all know that the Forex market is the most liquid and profitable market in the world. The stock market cannot compare with the Forex market in this realm. Look below:
Typical YEARLY gains in the stock market range from 8 - 14% (give or take).
With Forex, you could make DOUBLE that rate of return MONTHLY.
Many claim that Forex is too risky. Not necessarily true! It can be very volatile, but that volatility dissipates as you use the larger time frames. In economic times like these, I have more confidence in the forex market than the stock market, personally.
Anyways, back to paying your bills!
The idea could simply be this:
Set up a special Forex account with $1, The goal of this account will be to earn you around $1, - $3, dollars / MONTH, with very little risk.
Use the AMAZING CROSSOVER SYSTEM posted here.
Use the 1 HR time frame.
Trade with a .1 lot size.
Aim for 50 - pips with each trade.
S/L should be 50 - pips.
Trade 1 - 2 pairs daily.
This system is very accurate and will produce a lot of winners with few losers.
Even if you have a loser, it is highly unlikely that any trade will turn on you by + pips!! The S/L will protect you from that, but even that should not be hit often.
If you can place 1 - 2 trades daily and each trade can make you 50 - pips, you will be averaging 1, - 2, pips monthly.
That translates into an extra $1, - $2, extra in your pocket with very little risk.
As your account grows, you can slightly increase your lot size. Or you may choose to just aim for a few thousand dollars a month to JUST PAY YOUR BILLS.
This would also be a nice way to eliminate debt.
Just a nice simple conservative trading account to help you each month.
Just a thought!
-ForexPhantom-
18 Likes
Submit by Dimitri
Winning pips a day with MT mobile strategy is a trend momentum strategy for MT4 and MT5 mobile application. This trading system is based on the envelopes and Relative Strength Index. The main feature of envelopes is to draw very reliable levels of dynamic price supports and resistances in space. In other words, the violation, the rebound or the return of the price in the envelopes are significant moments.
Time Frame: 15 min or higher.
Currency oirs:any.
Indicators setting:
Period 50, deviation , shift 0, upper band green, lower band red, method smoothed, apply close.
Period 50, deviation , shift 0, upper band green, lower band red , method smoothed, apply close.
Period 50, deviation , shift 0,upper band green, lower band red , method smoothed, apply close.
Period 50, deviation , shift 0, upper band green, lower band green , method smoothed, apply close.
RSI (1), apply close, with simple moving averages ( color orange)-(,color purple, apply close).
Trading rules Winning pips a day with MT mobile strategy
Buy
When the price bounce on the envelope or penetrates the area between the lower envelope bands wait that the orange fast moving averages cross upward the purple slow one. But the moving averages must first have gone into the oversold zone (level below 20).
Sell
When the price bounce on the envelope or penetrates the area between the upper envelope bands wait that the orange fast moving averages cross downward the purple slow one. But the moving averages must first have gone into the oversold zone (level above 80).
Exit position
Place initial stop loss above below the previous swing high/low.
Profit Target ratio stop loss minmum or at opposite before the opposite band.
Examples of trades
Learn how build template
Share your opinion
eunic-brussels.euenvelopes/
If the price crosses and closes below the upper envelope, then exit short at eunic-brussels.eu Target 12 pips; Stop Loss 15 pips. Note: if for exit use Profit Target this is
eunic-brussels.eu envelopes/
The instrument that apply to measure these excursions are the envelopes. Currency pair:Eur/USD, GBP/USD.
eunic-brussels.euenvelopes-winner-strategy/
20 Sep Envelopes Winner Strategy is a trend-momentum trading system suitable for candle/bar chart and renko chart. The winner alert can be filtered
eunic-brussels.euenvelopes/
Stochastic envelopes is trading system based on the classic strategy Stochastic with Moving Average (Buy when Stochastic crosses upward and the price is
eunic-brussels.euenvelopes-with-trend-wave/
Envelopes with Trend Wave is a template for mutiposition trading build around moving averages periods. The envelopes aare built on the period
eunic-brussels.euenvelopes-scalping/
# Envelopes Forex Scalping. Submit y jonyfx envelope 55deviation 0,34%. The indicators Profit Target at the firs blue envelope or pips. Short Entry.
pips a day with Forex mobile strategy is a trend momentum strategy for MT4 and MT5 mobile applications. This trading system is based on the Relative Strength Index and envelopes. The main part of envelopes is to draw very good and reliable levels of dynamic price resistances and supports in space. In other words, the rebound, the violation, or the return of the price in the envelopes are significant moments.
Time Frame: 15 min or higher.
Buy
When the price bounce on the envelope or penetrates, the area between the lower envelope bands wait for the orange fast moving averages to cross the slow purple one upward. But the moving averages must first have gone into the oversold zone (the level below 20).
Sell
When the price bounces on the envelope or penetrates the area between the upper envelope bands, the orange fast moving averages cross the slow purple one downward. But the moving averages must first have gone into the oversold zone (level above 80).
Exit position
Place initial stop loss above below the previous swing high/low.
Profit Target ratio stops loss minimum or at opposite before the opposite band.
Examples of trades
Read More:TDI Forex indicator for Mobile
No Minimum Deposit | |
Min Deposit of 20$ |
Download a Collection of Indicators, Courses, and EA for FREE
forex, forex indicator, free forex strategy, mobile, mobile strategy, mt4 mobile, strategy
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Read MorePips Daily MT4 Indicator System is a trend momentum breakout system very simple and clear It can help you in the trading activity. This set-up will best suit Day Traders and Scalping.
This system is based on two entry indicators: Trend (half trend) and breakout ( patterns V6 HL). There are two different systems(templates) to filter out signals that are given by the above two indicators, the first is based on two trends CCI and the second is formed by Trend CCI and Awesome.
Pips Daily Strategy can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the Pips Daily Indicator to send you a signal alert via Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
MT4 Indicator Systemcan be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 4-Hour charts.
No Minimum Deposit | |
Min Deposit of 20$ |
Download a Collection of Indicators, Courses, and EA for FREE
For Scalping and day trading, it works great on M5 or M15 timeframes. However, you can also extend this onto the one-hour charts if you wish. We also recommend altering(adding or removing) indicators to your need and experimenting with new strategies.
Exit position for this system is fast profit with a ratio of stop loss or SR o pivots points at the levels. Stop loss on the previous swing high/low.
Submit by JanusTrader
The “ pips Daily- Set & Forget” system is a very easy set
and forget system where you don’t have to watch the market
day and night. It is perfect for beginners and people with
9am-5pm day jobs.
To use this system you don’t need to be a market guru. It uses
pure mathematical calculations that even a child can do. The
algorithm is based on a pm est – pm est (yesterday –
today) range and Asian Session opening around pm est.
Let’s begin:
Forex Candlestick charts show sets of data consisting of open,
high, low, and close values of each period.
The hollow and filled section is called “the body”. The lines above or below “the body” are called shadows or tails. If the stock has closed higher than the opening price, then a hollow
candlestick is drawn. In addition, if the stock closed lower than the opening price, a filled candlestick is drawn.
In a hollow
candlestick where closing price is higher than opening price,
the lower body shows opening price and the upper body shows
closing price. In a filled candlestick where closing price is lower
than opening price, the lower body shows closing price and the
upper body shows opening price. Hollow means stocks up and
filled means stock is down.
SETUP
Let me introduce this, the World’s Set and Forget Strategy. This
simple system is time based and can be used only once a day .
You don’t need any indicators, just a “charting tool” in your
trading platform and a simple calculator.
Max Daily Profit Potential: pips
This is a very simple and proven to be profitable manual “set
and forget” system. You will have to place orders every day at
the same time. The system uses smart money managment and
profit targets and gives you the opportunity to make pips
even on pips pair move! We are taking advantage of the
Asian session opening at around pm.
The system works on USD/JPY ( you may also try GBP/JPY and
other “JPY” pairs), I use USD/JPY.
The rules of this system are simple, and managing trades,
and calculating levels will take no more than five minutes of
your time. The only tricky part is using your knowledge to set
limit orders. ( you can trade the system manually of course..)
Let me introduce you to the 3 simple steps below. Then I’ll
take you through some actual examples in order to illustrate
just how easy this system is.
This trading system involves 3 simple steps.
1. Get ready around pm EST
2. Identify your entry levels
3. Place 6 limit orders
That’s it! You don’t have to monitor your trades. All your
trades will be executed by your limit orders..
The Strategy Step by step:
1. 1. At pm EST pull a 2H (or 1H or 4H - doesn't matter -
it will be used only to determinate high/low of the 24 hour)
chart USD/JPY. See example above.
2. Identify the USD/JPY high and low of the 24 hours period
from pm to pm
( let’s take an example high= and low= )
Identify your entry levels
4. Set 3BUYorders 7 pips above the high (high + 7 pips)
Order 1 Entry: High +7pips
Set take profit 15 pips and stop loss 25 pips
Order 2 Entry: High +7pips
Set take profit 35 pips and stop loss 25 pips
Order 3 Entry: High +7pips
Set take profit 50 pips and stop loss 25 pips
Example:
USD/JPY High= Low=
Order example 1 LONG= Take Profit= Stop
loss=
Order example 2 LONG= Take Profit= Stop
loss=
Order example 3 LONG= Take Profit= Stop
loss=
5. Set 3 SELL orders 7 pips below the low (low -7 pips)
Order 1 Entry: Low -7pips
Set take profit 15 pips and stop loss 25 pips
Order 2 Entry: Low -7pips
Set take profit 35 pips and stop loss 25 pips
Order 3 Entry: Low -7pips
Set take profit 50 pips and stop loss 25 pips
Example:
High= Low=
Order example 1 SHORT= Take Profit= Stop
loss=
Order example 2 SHORT= Take Profit= Stop
loss=
Order example 3 SHORT= Take Profit= Stop
loss=
Share your opinion, can help everyone to understand the forex strategy.
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