20 Forex Trading Strategies Collection
20 Forex Trading Strategies Collection
20 Forex Trading Strategies Collection
By Thomas Carter
All right reserved. No part of this book may be produced or transmitted in any form or
by any means, electronic or mechanical, including photocopying, recording, or any
information storage and retrieval system, without prior written permission of the author.
Table of Contents
DISCLAIMER
INTRODUCTION
FINAL WORDS
DISCLAIMER
Trading forex and other on-exchange and over-the-counter products carries a high level
of risk and may not be suitable for all investors. The high degree of leverage associated
with such trading can result in losses, as well as gains. the past performance of any
trading strategy or methodology is not indicative of future results, which can vary due to
market volatility; it should not be interpreted as a forecast of future performance You
should carefully consider whether such trading is suitable for you in light of your
financial condition, level of experience and appetite for risk and seek advice from
independent financial adviser, if you have any doubts.
INTRODUCTION
Thanks for purchasing 20 Forex Trading Strategies Collection (1 Hour Time Frame).
I am a forex trader myself and the trading strategies in this ebook are my collection
during my forex trading journey. Each strategies in this ebook has its own general
guidelines, do note that all these strategies are open to individual customization. Also
do not forget that for any strategies to be profitable, mind mastery and money
management must also be incorporated as part of holistic approach in enhancing ones
over all trading performance.
FOREX TRADING STRATEGY # 1
Currency: EUR/USD
Indicators:
SMA 3
EMA 50
LONG => Enter a trade when SMA 3 have crossed and above EMA 50 AND Full
Stochs OR MACD have crossed their EMA 8. You don't have to wait for the MACD or
Stochs to cross their own signal line, just crossing their EMA 8 is enough, but never
enter a trade before the SMA 3 and EMA 50 have crossed too!
SHORT => Enter a trade when SMA 3 have crossed and below EMA 50 AND Full
Stochs OR MACD have crossed their EMA 8. You don't have to wait for the MACD or
Stochs to cross their own signal line, just crossing their EMA 8 is enough, but never
enter a trade before the SMA 3 and EMA 50 have crossed too!
FOREX TRADING STRATEGY # 2
Currency: GBP/USD
Indicators:
SMA 9
SMA 100
Method
LONG - When the 9 SMA crosses above the 100 SMA
SHORT - When the 9 SMA crosses below the 100 SMA
Target: 100 pips or close your position when the 9 SMA crosses the 100 SMA in
reverse (9 SMA below 100 SMA for long and 9 SMA above 100 SMA for short).
FOREX TRADING STRATEGY # 3
Currency: EUR/USD
Indicators:
EMA 6
EMA 23
Stochastic (5,3,3)
MACD (30,60,30)
Method:
LONG – EMA 6 crosses above EMA 23, MACD indicates an uptrend, stochastic
crosses upward, buy as close to the 6 EMA as possible.
SHORT – EMA 6 crosses below EMA 23, MACD indicates a downtrend, stochastic
crosses downward, sell as close to the 6 EMA as possible.
Target: 50 - 60 pips
FOREX TRADING STRATEGY # 4
Currency: EUR/USD or GBP/USD
Indicators:
Heiken Ashi (make it white for bullish candle and red for bearish candle)
14 SMA
OSMA (12,26,9)
RSI (5)
5. As soon as all conditions mentioned above are met, we wait for the current candle to
6. Set the Stop Loss a few pips below the last swing low point.
7. Set the Take Profit at double the amount of the Stop loss.
8. We can close our long trade without waiting for the Take profit to be hit when OsMA
5. As soon as all conditions mentioned above are met, wait for the current candle to
6. Set the Stop Loss a few pips above the last swing high.
7. Set the Take Profit at double the amount of the Stop loss.
8. We can close our short trade without waiting for the Take profit to be hit when OsMA
Indicators:
- 55 period Williams’ Percent Range (%R) - levels set at -25 and -75 values.
Long Entry:
4. When all the conditions mentioned above are met, we can place our long position.
In the Aggressive entry, we open a buy order without waiting for the signal candle to
close.
In the Conservative entry, we wait for the signal candle to close above the 55 SMMA
set to High before placing our trade. This serves as a confirmation that we are trading
on the right side of the market.
5. Set the Stop Loss a few pips below the most recent swing low point.
6. Set the Take Profit level twice the amount of the stop loss, or close the trade when
the price closes below the 55 SMMA set to High.
Short Entry:
4. When all the conditions mentioned above are met, we can open a short position.
For an Aggressive entry, we don’t need to wait for the current candle to close before
entering the trade.
For a Conservative entry, wait for the candle to close below the 55 SMMA set to Low
before placing the trade.
5. Set the Stop Loss a few pips above the most recent swing high point.
6. Set the Take Profit twice the amount of the Stop Loss, or close the trade when the
Indicators:
EMA 5
EMA 15
EMA 60
We must first establish that we’re in a strong uptrend using these 3 rules:
When we have these three conditions, we know that we’re in an uptrend. We then wait
for the price to fall back, and touch the EMA60. When that happens, we enter the trade.
We must first establish that we’re in a strong downtrend using these 3 rules:
Target = 50 pips
FOREX TRADING STRATEGY # 7
Currency: EUR/USD
Indicators:
EMA 80
EMA 21
EMA 13
EMA 5
EMA 3
RSI (21)
RSI is above 50
RSI is below 50
Both EMA 13 and EMA 21 are below EMA 80
Indicators:
3 EMA
MACD (6,17,1)
RSI (14)
1. The 3 period EMA must cross above the Middle Bollinger Band.
4. When all the conditions above are met, place a buy order at market.
5. Set the Stop Loss a few pips below the nearest swing low or the Lower Bollinger
Band, whichever is closer.
6. Set the Take Profit at the Upper Bollinger Band or use a fixed profit = 50 pips
1. The 3 period EMA must cross under the Middle Bollinger Band.
4. When all the conditions above are met, place a sell order.
5. Set the Stop Loss a few pips above the nearest swing high or the Upper Bollinger
Band, whichever is closer.
6. Set the Take Profit at the Lower Bollinger Band or a fixed target = 50 pips
FOREX TRADING STRATEGY # 9
Currency: EUR/USD
Indicatos:
EMA 5
EMA 12
EMA 34
LONG ENTRY:
EMA5 > EMA12 > EMA 34 and Last SAR is ABOVE Current SAR and Current SAR is
UNDER EMA5
SHORT ENTRY:
EMA5 < EMA12 < EMA 34 and Last SAR is UNDER Current SAR and Current SAR is
ABOVE EMA5
Target = 50 pips
FOREX TRADING STRATEGY # 10
Currency: EUR/USD
Indicators:
Methods:
LONG - place a buy order when price closes above the 14 high and PSAR is under the
candle
SHORT - place a sell order when price closes below the 14 low and PSAR is above
the candle.
Indicators:
5 EMA shift 5
75 EMA
RSI (14)
Methods:
LONG - When a candle closes above the 75 ema as well as the bollinger middle line,
and the RSI line breaks above the 50 line,
Stop Loss => place stop 2 pips below whichever is the middle of the 75ema, high of the
signal candle, and swing high of the 5ema.
Target Profit => same as the stop loss or double the stop loss
SHORT - When a candle closes below the 75 ema as well as the bollinger middle line,
and the RSI line breaks below the 50 line
Stop Loss - place stop 2 pips + the spread above whichever is the middle of the 75ema,
high of the signal candle, and swing high of the 5ema.
Target Profit => same as the stop loss or double the stop loss
FOREX TRADING STRATEGY # 12
Currency: EUR/USD or GBP/USD
Indicators:
- When all the rules mentioned above are met, in whatever order, we can open a
buy trade.
Stop Loss => below the 34 EMA or the last swing low point.
- When all the rules mentioned above are met, regardless of the sequence, we can open
a sell order.
Stop Loss => above the 34 EMA or the last swing high point.
Indicators:
5 EMA -- YELLOW
10 EMA -- RED
RSI (10 - Apply to Median Price: HL/2) -- One level at 50.
Method:
Enter LONG when the Yellow EMA crosses the Red EMA from underneath.
RSI must be approaching 50 from the BOTTOM and cross 50 to warrant entry.
Enter SHORT when the Yellow EMA crosses the Red EMA from the top.
RSI must be approaching 50 from the TOP and cross 50 to warrant entry.
Indicators:
EMA 5
EMA 13
EMA 62
MACD (30,60,30)
Long Rules:
When all conditions are met and 13 EMA is at least 30-40 pip away from 62 EMA
get ready to enter the trade.
Short Rules:
When all conditions are met and 13 EMA is at least 30-40 pip away from 62 EMA
get ready to enter the trade.
Indicators:
EMA 5
EMA 21
RSI (21)
- Exit the trade when EMA 5 crosses back below EMA 12 Or RSI 21 < 50.
- Or when price stalls at major resistance, trend line, pivot points, Fibonacci projection
target.
- Or when bearish engulfing patterns or inverted hammer patterns form.
Exit Rules for Short Trades:
-Exit our short trade when EMA 5 crosses above EMA 12 Or RSI 21 > 50
- Or when price stalls at major support, trend line, pivot points, Fibonacci projection
target.
- Or when bullish engulfing patterns or hammer patterns form.
Indicators:
Just candlestick
Long Entry:
- If all 4 of the last candles (M5, M15, M30 and 1H) closed in “green” – wait
for the price to go another 3 pips above the close and instantly place a BUY
order.
Short Entry:
- If all 4 last candles (M5, M15, M30 and 1H) closed in “red” – wait for the
price to go another 3 pips below the close and instantly place a SELL order.
Indicators:
100 EMA
MACD (30,60,30)
Long Entry:
Short Entry:
Indicators:
5 EMA
10 EMA
Stochastic (14,3,3)
RSI (14)
Long Rules:
Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up)
and Stochastic is not in overbought position (above 80.00 level) and RSI is above 50.
Short Rules:
Sell when 5 EMA crosses below 10 EMA and Stochastic lines are heading south
(down) and Stochastic is not in oversold position (below 20.00 level), and RSI is
below 50.
Indicators:
Long Entry:
Buy when the +DI line is above the -DI line, and Parabolic SAR gives buy signal
(Parabolic SAR is below candle).
Short Entry:
Sell when the +DI line is below the -DI line, and Parabolic SAR gives sell signal
(Parabolic SAR is above candle).
Target Profit = 50 pips or when +D line and -D line have crossed again.
FOREX TRADING STRATEGY # 20
Currency: EUR/USD
Indicators:
- RSI (21)
Entry Signal:
You should only open a position, when the red tunnel is extremely narrow or crossed !
Long Entry:
- 5 WMA & 12 WMA cross the red tunnel upwards. (If the 5 WMA also crosses the 12
WMA upwards, then the signal is extra strong).
- RSI >50
Short Entry:
- 5 WMA & 12 WMA cross the red tunnel downwards. (If the 5 WMA also crosses the
12 WMA downwards, then the signal is extra strong).
- RSI<50
Thomas Carter