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Easy Forex Trading Strategies

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Trading strategies come in different shapes and sizes, and those that are considered to be easy are often overlooked for their simplicity. The fact of the matter is that the easier the strategy, the less odds of things going south, which is why you will want to pay special attention to the following two strategies that have real potential for profits while remaining simple in use.

The “Clip” Trading Strategy


Requirements:


  • Highest time interval — W1;
  • Lowest time interval — H4;
  • The preferred currency pair is GBP/AUD;
  • ADX indicator with a period of 14.

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Conditions for buying with the Clip strategy:


  1. 1) A candle is formed on a weekly interval with a white body and an upper tail that is smaller in size than the body;
  2. 2) Once that happens, from the beginning of the next week you need to switch to an H4 schedule;
  3. 3) During the closure of a candle, as soon as the main line of the ADX indicator and the + DI line show an increase in relation to the previous value, and will also be above level 20, a buy deal should be concluded;
  4. 4) The first candle of the week is not to be taken into account, and if a signal is received from it, then it is to be ignored;
  5. 5) From 14:00 on Thursday according to the terminal’s time, the signal is to be ignored until the end of the week;
  6. 6) Stop Loss is set at 50 points;
  7. 7) After passing 50 points in the positive zone, the transaction becomes breakeven;
  8. 8) Take profit is set at 500 points;
  9. 9) At the end of the current week, the active order should be closed at the current price.

Conditions for selling with the Clip strategy:


  1. 1) A candlestick is formed on the W1 interval with a black body and with a lower tail that is smaller in size than the body;
  2. 2) After receiving the W1 signal at the beginning of the next week, you need to switch to an H4 schedule;
  3. 3) As soon as the main line of the ADX indicator and the -DI line shows an increase in relation to the previous value after the closure of an H4 candle, in addition to being above its own level 20, you need to conclude a deal to sell;
  4. 4) The 1st candle of the week is not to be taken into account, and if the signal is received from it, then we simply ignore it;
  5. 5) From 14:00 Thursday based on the terminal time, the signal is also to be ignored until the end of the current week;
  6. 6) Stop Loss is set at a distance of 50 points from the point of entry into the market;
  7. 7) After passing 50 points in the positive zone, the transaction becomes breakeven;
  8. 8) Take Profit is set at a distance of 500 points from the entry point to the market;
  9. 9) At the closure of the current week, an open order must be closed at the current market price.

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“ADX Zone” Trading Strategy


Requirements:


  • Time interval – H1;
  • The recommended currency pair is GBP/JPY, though others can work as well;
  • ADX indicator with a period of 30.

Conditions for buying with the ADX Zone strategy:


  1. 1) The main line of the ADX indicator (green bold line) is below level 15, which indicates the absence of a pronounced directional movement;
  2. 2) The price approaches the last (previous) minimum and bounces off of it;
  3. 3) The signal for entry is the formation of a candle with a small body and a tail from the bottom;
  4. 4) At the closure of the hammer candle, make a deal to buy;
  5. 5) Stop Loss is set at 4-5 points below the breakaway minimum, but no less than 20 points;
  6. 6) Take Profit is set a few points below the previous maximum, which is between the last minimum and the entry point;
  7. 7) After passing 2/3 of the way to the target in the positive zone from the point of entry, the transaction becomes breakeven;

Conditions for selling with the ADX Zone strategy:


  1. 1) The main line of the ADX indicator (green bold line on the chart) is below its level 15, which indicates the absence of a pronounced directional movement;
  2. 2) The price approaches the last (previous) maximum and bounces off of it;
  3. 3) The signal to enter a trade is the formation of a candle with a small body and a tail from above;
  4. 4) At the closure of the hammer H1 candles, make a deal to sell;
  5. 5) Stop Loss is set at 4-5 points above the breaking maximum, but no less than 20 points;
  6. 6) Take Profit is set a few points above the previous minimum, which is between the last maximum and the entry point to the market;
  7. 7) After the price passes 2/3 of the way to the target in the positive zone from the entry point, the transaction becomes breakeven.

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