Yes ..and you are welcome

A simple strategy with no indicators

Yes I use it for all pairs. But I tend to be more cautious with the JPY pairs for any strategy I may use because of their high volatility. I do not think it is necessary to create an indicator for it. Just train your eyes and that will be sufficient

A simple strategy with no indicators

This is NZDUSD as per "FX Solutions"..and it is a winning trade ...until now

A simple strategy with no indicators

Check also EURJPY - although it is not currently a winning trade

A simple strategy with no indicators

I am not sure how many. But if you scan all the major pairs, you could find a valid pattern. For example, NZDUSD has a valid pattern today as per "FX Solutions". However, this is Monday so we don't have a complete full candle like the other days

A simple strategy with no indicators

I don't know how to make an indicator for this. I just observe and make the decision based on that observation. For this strategy, I only use the daily timeframe

A simple strategy with no indicators

Good that you brought this point..I use the last full day candle. My broker is "FX Solutions"

A simple strategy with no indicators

The stop loss you specify - at 00 or 50 - depends on your risk tolerance. I agree that it could go against you first before it turns in your favor and vise versa but that is the nature of trading..it is the ability to take risks without losing your ...

A simple strategy with no indicators

I just love simplicity in trading. I wish if our lives were that simple

A simple strategy with no indicators

My favorite is "A simple strategy with no indicators" then this one. All of those strategies are based entirely on price action and rely on no indicator

The Steps System

My broker is "FX Solutions". I have been using this method along with other methods for two weeks so it is relatively new. The success rate as I stated earlier is roughly 7 out of 10

A simple strategy with no indicators

See this example. The last candle in the box is not engulfing the previous candle. Yet it qualifies to be a signal as per the criteria of this strategy

A simple strategy with no indicators

No it is not. It does not need to have an engulfing pattern in order to initiate the trading.

A simple strategy with no indicators

Here is an example where it is possible to get whipsawed if you were not careful

A simple strategy with no indicators

It is also worth mentioning that you have to be very wary of signals that have very wide range because sometimes you could easily get whipsawed. So always use stop losses ...no matter what

A simple strategy with no indicators

Another example:

A simple strategy with no indicators

Thanks for posting it. It looks interesting but it is different from this strategy. I am always fond of strategies that depend on nothing but price action itself

A simple strategy with no indicators

I am not using this strategy anymore. So from my side, it is inactive

1-2-3-Go System (No Indicators)

So far it is almost like 7 out of 10. But again your target and stop loss comply with this strategy as long as you set them up at the psychological levels

A simple strategy with no indicators

Here is a bullish example:

A simple strategy with no indicators