Nice strategy. Yes, using multiple time frames are always useful to filter the entry and exit point! According to my experience, higher time frames are relatively stable than the lower time frames.

Best time frame to trade

I see, you already got your answer! By the way, I am paying attention to know why you are interested about trading EA? As a new Forex trader, you should focus on technical and fundamental analysis to build your trading skill.

What is an EA?

That’s really true, a number of Forex traders are losing their money here! But interesting point is, there is no limit! You can earn here unlimited money according to your skill! By the way, expecting an unrealistic profit is not a part of real ...

How much you can make here?

According to me, leverage is not a bad thing; I use this trading feature in order to my trading plan and system! Really sometimes it helps me a lot!

Questions about leverage...

Reality is, there is no 100% in Forex! Yes, pro traders are making such a good amount of money but till now no 100%.

100% fool proof, can't possibly go wrong system

I think so, higher time frame trading is relatively easier than the short time based trading because the trend is much stable here! I also see, a number of pro traders are doing swing and positional Forex trading.

Consistent Profit in Trading

That’s the point! I also select my entry and exit points according to my trading strategy! Yes, I don’t consider the trading session because I’m not trading here based on trade volume!

Best Times/Worst Times?

Absolutely, there is nothing like 100% in Forex, it’s all about probabilities! That’s the real scenario of Forex market!

Will the "holy grail" be what you expect?

Basically, there is no why without following proper money management as well as risk management policies! Even, you can lose your money here with your profitable trading strategy or system if you don’t respect these trading rules!

Trading with/without risk management rules

I think NZDUSD is the most useful trading pair according to your trading system, you can try!

most range bound pairs??

So, what will be your SL for 1 Pip? Listen, using less than 1:1 profit ratio is not useful, besides 1 pip is too risky as a SL point!

i want only 1 pip everyday

Only pro traders can do so (hold their running trades for a big TP)! It requires good trading skill, low skilled traders lose their momentum too early when their trading positions are negative!

Why 99% of traders lose money

Trading indicators are useful, but they are not everything! For being a good trader it’s very important to understand the market sentiment! That’s the importance of technical and fundamental analysis in the Financial market!

is it true

All of the trading sectors are risky without enough knowledge and skill! I am not going to compare Forex with the stock market, because Forex is a different field! But again, without knowledge, nothing is possible here!

Forex or stocks, which one is more risky

Hello dear; you are looking like a pro trader! May I know your strategy’s name, please?

Why are you trading?

"Using Fundamental Analysis & Fundamental Trading Techniques to Maximize Your Gains- by Dave Matias"

FOREX News trading books recommendations

It depends on their trading strategy or system! But, it’s true they make enough number of pips as monthly basis! I know a pro trader, who is focusing mainly yearly target rather than monthly!

How many pips does a "successful" trader collect weekly?

How can I help you! I am a news trader mainly! If you want to learn news trading just response here! Have a good day.

Feedback for a noob

For technical analysis I use Price Action method, besides I use news analysis during high voltage news session! On the other hand, I mostly use D1 and H4 time frames here.

What is your trading method?

I seem, proper money management knowledge can protect our trading capital from any unfortunate losses! Besides, we should follow a tight risk management policy here; maximum 2-3% risk-reward ratio based on per trade!

Sound Money Management takes the Emotions out of your Trading