We gathered these trading strategies which are suitable for short-term and intraday trading. The techniques are very simple and effective!
Strategy 1. Moving Averages
This Forex strategy is suitable for any currency. We will work on 2 timeframes:
- A weekly chart (W1);
- A four-hour chart (H4).
A weekly chart will be needed to determine the trend, and a four-hour chart will be needed to open positions and find entry points.
On W1 we expose two sliding: exponential (EMA) and simple (SMA). We take EMA with period 21, SMA with period 5. If the price chart is above two moving averages, then the trend is up, and vice versa. On H4, we set two simple moving averages with a period of 55 and 7. If we observe a downward trend on W1, then on H4 we consider only sales and ignore purchases. Here are two options for entering the market:
- The first option. When the lines intersect from top to bottom, place a pending order to buy exactly at the level of the moving average with a period of 55. If the level has moved, move the pending order. We are waiting for the price to open it.
- The second option. We are waiting for the mid-high to cross, and the candlestick will close above this intersection point. Now we open in order to buy on the market. Stop-loss set as in the previous version.
If we saw a buy signal, we open three deals (all have the same lot). Profit will be located respectively on all these three Fibonacci lines. Do not forget to transfer the deal to break even (drag stop-loss).
Strategy 2. Three candles
This trading strategy is suitable for scalping. Trading timeframe – M1. Any currency will work.
Rules. We are waiting for the formation of two candles, going in the same direction. It is better than they are without long shadows. After the appearance of the third, we open it. We use the Stochastic Oscillator as an additional input signal.
For example, if three candles go up, and the indicator shows a downtrend, then the transaction is not made. The signal to buy will be when the Stochastic is in the oversold zone.
Strategy 3. London Session
This is perhaps the easiest strategy in Forex. Trading timeframe – M30. Trading time is the London session, which starts at 10 am Moscow time.
Rules. Entry to the market daily but once. A signal to open in one direction or another will be the first candle to close. At its maximum, we put a pending order to buy, and at a minimum – to sell.
In addition to the strategies described above, we recommend you a master class on scalping from a professional trader from the company Alpari Marat Gazizov. The record is available on Youtube.
