Make From 10 to 200 Pips a Day Using this Simple Strategy
Posted by Abdz - 26/09/10This is the most complete & simple strategy that can make you big fortune if & only if you follow it’s rules & used a reasonable money management plan.
You can make from 10 to 200 pips a day using this simple strategy on multiple currencies. Before you start trading using this strong strategy, you have to understand it very well & you have to apply what is explained here without any modification. I assure you that this strategy will move you far away from being a looser in the forex market.
Please be informed that this strategy (Signals) work only on the “Altrade ” MT4 platform , so you have to open a demo account with them first & use this strategy on their MT4 then apply the results it on the other platforms.
Installing the strategy:
It is really a simple strategy which depends only on the available bands (bolinger bands) indicator which normaly exists on any copy of metatrader, & here is the setup :
1- Attach the bands.mq4 indicator to your 4h chart & alter its deviations to “1.5” instead of 2 (from the custom indicators menu )
2- Switch to the 1H timeframe.
3- Try to locate the very first 1h candle of the current day, mark it by a vertical line
4- Now you have to extend the three bands (horizontally) by drawing a three horizontal lines from each band towards the future (lines should be perpendicular to the vertical line, you have to repeat this every day on altrade’s timing)
5- Switch the time frame to 4H & do step 4 for each of the 3 bolinger lines.
6- Remember that all the horizontal lines should be ( horizontal & not inclined lines)
How to trade using this strategy ?
You have to stay tuned and be ready for a 4H candle to complete, then you enter to the trade using a very tight stop loss & the following rules :
Sell Orders:
1- If the first 4H candle closes under the upper line of the 4h bolinger extended lines, sell & your target should be the next 4h extended line (the middle one).
2- If the first 4H candle closes under the middle line of the 4h bolinger extended lines , sell & your target should be the next 4h extended line ( the bottom line).
3- If there is a 1h extended line lies between your entry and your target lines you should make it your first target & the second target will be the next line.
Buy orders :
The same as the sell orders but price should open under & close above. So Simple huh ?
I believe that this strategy have a high win/loss ratio but you have to remember – nothing is 100% perfect !
have a nice trading candle 
