Amazing Simple Forex Strategy

" VERY POWERFULL SIMPLE FOREX SYSTEM"

7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets

Hi all,

I have been posted some simple forex system that I found very powerfull.
You can browse archieve files in this blog to get it.
Dont worry it is free ;)

I understand a forex system is not fit to everyone so I post several of them.
That is your job to give them a try so you can find which one is fit to your trading style and your risk tolerance.

On this post, I will give you another simple but powerfull system that will generate pips in your broker account.

So, read it carefully..


Amazing Strategy at a glance(with some changes) :

1 - Look at an economic calender and choose important news !
If you don't know where to look at, go to forex factory.
2 - Run your trading terminal 5 minutes before News time !
3 - 1 or 2 Min before news time set 2 pending order with following details :

BuyStop :

Price : Current Rate + 10 + spread
StopLoss : -10 pip
TakeProfit : + 20 pip

SellStop :

Price : Current Rate - 10
StopLoss : -10 pip
TakeProfit : + 20 pip

4 - Modify your orders with above details until news release .
5 - When one of your orders executed then cancel the other one .
6 - Now sit on your desk and get your profit .
7 - After 1 or 2 Min of news release if your orders didn't active then cancel them .


It's all thing you must do when you are trading with A.S .

Good Luck
Example 1 :
16 Nov 2006

We have US CPI today . it will be released at 13:30 GMT .

13:27 GBP/USD rate is at 1.8887 you must put 2 pending order now :

BuyStop : Price = 1.8899 StopLoss = 1.8889 TakeProfit = 1.8919
SellStop : Price = 1.8877 StopLoss = 1.8887 TakeProfit = 1.8857

OK , now you must modify your orders until 13:30 .

13:30 CPI released and your buy stop activated at 1.8899 and touched your target at 1.8919 so you got 20 pips in less than one min .

Now you can cancel your Sell Stop and go to drink coffee

Stay tune at our Free Simple Forex System blog for another forex system.