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Thread: Trading Strategies from Nigeria-forex forum

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    Trading Strategies from Nigeria-forex forum

    Dear forum members,
    Me and my colleagues are going to provide you some good strategies those can help you to make good profit from trading business. we recommended you to follow this section of forum daily. This section is very important section of forum it will help you to make some positive pips daily. By utilize these strategies you can make good decision in your trading, and you can improve your trading profit.

    Source: nigeria-forex.com

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    Simple forex trading strategy with Alligator indicator

    Alligator indicator gives trend direction. With this trend, we will find trade setup for this strategy. This simple strategy is based on this indicator. This strategy is very easy to follow and profitable also. With low risk, we can get signal and winning ratio is also very attractive.

    Required indicators:

    (1) Alligator Indicator (Default setting). click here to know, how to set Alligator indicator

    How to get buy signal
    We will search for buy entry when price moves above alligator indicator. Then we will wait for retrace of the price. When price will touch alligator and form bullish candle, then we will get buy signal. You will get example of buy signal setup in the below chart example. Price touched yellow moving average and at the point we will take buy entry. Thus we will find buy entry until price stays above alligator


    How to get Sell signal
    We will search for sell entry when price falls below alligator indicator. Then we will wait for retrace of the price to move up. When price will touch alligator and form bearish candle, then we will get sell signal. You will get example of sell signal setup in the below chart example. Price touched alligator and at the point we will take sell entry. Thus we will find sell entry until price stays below alligator


    Time frame: H4 is preferable.

    Currency pairs: All pairs.

    Take profit and Stop loss:Take profit should be 50-120 pips. When any signal hits 50 pips, then you need to move your stop loss at entry point and wait for final take profit.
    Stop loss should be placed above swing high for sell signal and below swing low for buy signal.

    Risk warning: Don’t use this strategy on ranging market. Avoid news time trading with this strategy. You have to follow money management theory for following this strategy. Use this strategy on demo account and then apply this on real account.

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    RSI Scalping Forex Strategy with Bollinger Band

    This Forex strategy can be used on ranging market for scalping and intraday purpose. RSI is used in this strategy to find out overbought and oversold area of market price. Bollinger band will give price high and low ranging area. With both indicators, we will get low price to enter buy position and high price to enter sell position. So let's learn about this strategy with chart example.


    Required Indicators


    1. Bollinger Band Indicator Click here for Bollinger Band setup process

    2. RSI Indicator Click here for RSI setup process

    Buy Setup Rules


    ✪ First market price needs to touch lower band of bollinger band.

    ✪ Then wait for RSI to cross 30 level from lower to upper.

    ✪ If both conditions fulfills at a time, then open buy position.

    ✪ If RSI is not near to oversold area, then avoid that.

    ✪ Set TP 10-40 pips for every buy entry.

    ✪ Set SL 10-25 pips or set below the recent low candle.


    Sell Setup Rules


    ✪ First market price needs to touch upper band of bollinger band.

    ✪ Then wait for RSI to cross 70 level from upper to lower

    ✪ If both conditions fulfills at a time, then open sell position.

    ✪ If RSI is not near to overbought area, then avoid that.

    ✪ Set TP 10-40 pips for every sell entry.

    ✪ Set SL 10-25 pips or set below the recent high candle.


    Buy/Sell Setup Examples


    In the above AUDUSD M15 chart, price touched upper band of bollinger band and formed bearish candle, then rsi started falling from 70 level. It was perfect sell setup according to this strategy. On the buy setup, we can see price touched bollinger band first, but rsi didn't fulfills the conditions. After 2 candles, rsi confirms buy signal. So for taking entry, we need to wait for both indicators confirmation.

    Time Frames: M5, M15, M30.

    Currency Pairs: Audusd, Eurusd

    Risk Warning: This strategy is suitable for range market situation. In volatile market, you can't get good signals from this strategy. So try to use this strategy on demo and if you satisfied, then you can use this strategy on real account with proper money management.
    Last edited by rasheed85; 09-15-2017 at 04:38 AM.

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    MACD Trading Strategy with 200 & 17 EMA

    MACD and moving average crossover is powerful and consistent profitable trading indicator. Many traders use this combination to find the trading signal from the chart. These indicators are used in this simple trading system and it can be used on different time frame during London and US session. Let's discuss this useful trading strategy.

    Required Indicators:

    1. MACD (default setting)

    2. 17 EMA

    3. 200 EMA

    How to find Buy Signal:

    ✮ MACD needs to cross 0.0 level from lower to upper.
    ✮ 17 ema needs to cross 200 ema in the upper direction.
    ✮ If both conditions appear, then open the buy position.
    ✮ Set stop loss below 200 EMA or near term support.
    ✮ Set take profit as 1:2 or 20-50 pips for scalping

    How to find Sell Signal:

    ✮ MACD needs to cross 0.0 level from upper to lower.
    ✮ 17 ema needs to cross 200 ema in the lower direction.
    ✮ If both conditions appear, then open the sell position.
    ✮ Set stop loss above 200 EMA or near term resistance.
    ✮ Set take profit as 1:2 or 20-50 pips for scalping

    Strategy Chart Example


    Timeframe: M15, M30, H1

    Trading session: London and US

    Risk warning: This strategy works well for major pairs and on trendy mode. You should avoid during ranging zone and volatile news time. You must follow money management rule for this strategy.
    Attached Images
    Last edited by rasheed85; 09-22-2017 at 11:05 AM. Reason: add indicators links

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    21 EMA & MACD Scalping Forex Trading Strategy

    Moving average is very effective in Forex market and in this strategy we have used 21 moving average with MACD. Both indicators indicate about market trend and help to identify trend direction easily. In this strategy, you will learn how can you find trading signals using 21 EMA(exponential moving average) and MACD. This strategy can be used for both scalping and intraday. From Gbpusd M15 time frame, you can gain over 100 pips. So if you can catch the entry at right time, you will be lucky to gain more profit.

    Required Indicators

    1. 21 EMA (put value 21) Click here for 21 EMA setup process
    2. MACD indicator Click here for MACD setup process

    Buy Setup Rules

    ✪ First market price needs to cross 21 EMA from lower to upper.
    ✪ When 21 EMA upside breakout complete, then look at MACD indicator
    ✪ At the same time, if MACD stay above 0.0 level, then open buy entry.
    ✪ Set SL below moving average or set manually 15-25 pips
    ✪ Set TP 20-100 pips for every buy entry.

    Sell Setup Rules

    ✪ First market price needs to cross 21 EMA from upper to lower
    ✪ When 21 EMA downside breakout complete, then look at MACD indicator
    ✪ At the same time, if MACD stay below 0.0 level, then open sell entry.
    ✪ Set SL above moving average or set manually 15-25 pips
    ✪ Set TP 20-100 pips for every sell entry.

    Buy/Sell Setup Examples


    In the above GBPUSD M15 chart, price cross 21 ema and MACD below 0.0 and then market price started falling. Over 100 pips was gained from this entry. On the 2nd setup, it was more profitable and gained 140 pips.

    Time Frames: M5, M15, M30.

    Currency Pairs: Any trendy pairs specially on gbpusd

    Risk Warning:

    You should apply this strategy on London and US session. On slow market condition, you can't gain from this system. So practice this strategy on demo and if you can satisfied with this, then you can use this strategy on your real account.
    Attached Images

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    Scalping Strategy of Stochastic with Candlestick Pattern

    Scalping system is best for beginners in Forex. In this trading strategy, traders can find some signals from lower time frame with 10-30 pips target. This strategy is build up with stochastic indicator with price action candle confirmation. Only stochastic oscillator can give false entry setup but candlestick pattern gives the signal confirmation. Let's learn about this scalping trading strategy.

    Required Indicators


    1. Stochastic Indicator. Click here for Stochastic Indicator setup process

    Buy Setup Rules

    ❑ Stochastic needs to start upward movement from oversold area.

    ❑ If stochastic moves above 20 level, then wait for bullish candlestick confirmation.

    ❑ You need to wait for bullish candle like bullish engulfing, Bullish Marubozu, Pin bar or any bullish reversal candle.

    ❑ After bullish candle confirmation, place buy position.

    ❑ Set take profit as 10-30 pips.

    ❑ Set stop loss 3 pips below the bullish candle.


    Sell Setup Rules


    ❑ Stochastic needs to start downward movement from overbought area.

    ❑ If stochastic moves below 80 level, then wait for bearish candlestick confirmation.

    ❑ You need to wait for bearish candle like bearish engulfing, Bearish Marubozu, Pin bar or any bearish reversal candle.

    ❑ After bearish candle confirmation, place sell position.

    ❑ Set take profit as 10-30 pips.

    ❑ Set stop loss 3 pips below the bullish candle.

    Buy/Sell Setup Examples


    In the above USDJPY M15 chart, stochastic moves from oversold area and at the same time, pin bar formed which indicates buy signal in this strategy. Since then market started moving in upward direction. On sell example, bearish engulfing was formed and stochastic also started downfall.


    Time Frames: M15, M30.

    Currency Pairs: Any pairs.

    Risk Warning: This scalping strategy shouldn't be used on news time. Before using this strategy, you must know about candlestick pattern. Without proper knowledge of candle, you can't gain from this strategy. So learn candlestick pattern and apply this scalping trading system on your demo account before using on real account.

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    Dear members these are very good trading strategies but it is recommended that one should create ones on trading strategy because the strategy is created by anyone is totally based on his practice and experience so logically it would work better than the adopted strategy

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