50 Pips A Day Forex Strategy by Laurentiu Damir50 Pips A Day Forex Strategy
This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly.
Support and Resistance
Time frame - 4 hours chart
It is easy to understand and to put in practice.
It has very well defined entry, stop loss and exit levels.
Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes.
How to Build a Solid Trading System
Are you new to forex trading or just started to trade on a live account but with not much success ?
You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules.
Do you have a forex trading system and you have been trading with it for a period of time but still you dont have the success you hoped for ?
This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates.
This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.
50 Pips A Day Forex Strategy
It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistently. Components Support and Resistance Candlesticks Moving Average Time frame-4 hours chart It is easy to understand and to put in practice. It has very well defined entry, stop loss and exit levels. How to Build a Solid Trading System Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes. For such a simple looking cover, it actually describes rare information not found in the average retail trading scene.
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This amazingly simple and profitable forex strategy, can bring you an average of 50 pips per day. You may ask, how many trades you need to place to be able to do so. The answer: You place single trade per day on one currency pair of course you can trade more pairs to get those 50 pips. Strategy is so simple you can test it within 5 minutes and see for yourself that it works just as promised. It is traded by placing single pending order per day, with predetermined stop loss and take profit levels.
This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market.
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FREE TRADING STRATEGIES
Share the post "50 Pips a Day Forex Strategy". Setting out with a clear vision in the title, author Laurentiu Damir aims to show his readers how they can begin making more consistent profits, as they improve on their Points in Percentage pips day in, day out. Aimed at everyone who is looking to streamline their process or is just starting out, this book has value for all involved with forex trading. Whether as a trader who wants to climb up the ladder with forex trading, or someone who wants to cut out some recurring mistakes and streamline their strategies, 50 Pips a Day Forex Strategy offers this clear and consistent vision from the start. Laurentiu Damir stresses the need to have a personal, flexible, strong forex trading system in place. He then sets out to deliver on the promise of how to make this a reality.
I assume it is a pretty easy code to write if you know what you are doing and I hope someone here could help me to code it for backtesting in ProBacktest. You must be logged in to access attached files. Not really easy — but possible. From a quick read of the rules it is clear that to place two pending orders on the market and then cancel one if the other is hit that we would need to use multi time frame in the strategy. Due to the fast time frame needed available data in PRT for back testing will be very limited.
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