SIMPLE & PROFITABLE Trend-following Forex Trading Strategy!
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- Опубликовано: 19 май 2024
- In this video, I will walk you through a simple forex trend-following strategy that I've been trading in the markets profitably for some time! We'll take a look at rules of entry and exit, backtesting and more!
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Jobs will pay your bills, business will make you rich but investment makes and keeps you wealthy.
You are right
people are too ignorant to know that Bitcoin is the future
I think have heard about her
Wow that's sounds great
So how does really works?
Give a man signals, you feed him for a day. Teach a man a strategy, you feed him for a lifetime.
lol if this strat is so successful why is he sharing it.. he could be billionaire :)
@@aminah1779 lighting a candle won't turn yours off.
@@ux1-15 indeed however most successful traders made their personal strategy, because following others will just set you back trust me. Best way is obviously mentoring and setting plan but free signals or even strategies is just newbie mistake.. i believe that is why 90% of traders fail they copy others. Some are day traders some are long term you need find yourself. If you are long term trader and you follow scalping strategy 😂 isn’t that waste of money and time.
@@aminah1779 you can take a strategy like this and adjust it to your personality. My first strategy was something similar to this as well.
Brilliant - simple and clean and looking more at the price action using the candles rather than lots of indicators. Thanks you have completely uncomplicated my charts
This is great; simple yet thorough explanation, been testing it today and will continue for the next couple of weeks. Really appreciate the no-frills trading approach. Thanks so much
I've just started following you. You are very clear, honest and easy to understand - even from a beginners perspective. Thank you for all your efforts at passing on your knowledge. Richard.
Thank you Sir. I have looked at a number of videos over the past year. This by far is the best strategy I have seen. Very simple powerful!!
@@ForexSignalsTV LOVE IT!!
Thank you so very much. I'm quite new to trading and have watched countless videos on youtube. Your tutorials are on point with great illustrations and live charts. I like how you explain everythingwith as little indicators as possible. I'm on a binge watching all your videos. You definely gained a fan here. Thank you sir. I'm crossing my fingers hoping for one of your giveaways. And for those who are having problems understanding candlesticks, I suggest you check out his video on the subject. Crystal clear.
I love this strategy with EMAs. It’s simply and easy. Thanks for this piece of advice sir. I will apply this to my strategy and back testing it
Greetings from Paraguay 🇵🇾
Is it profittable?
Thank you Andrew I appreciate you sharing your knowledge and experience and I did smash the like button :)
As always thank you for your clear and well-understandable explanation.
Thank you for sharing this strategy. It looks simply amazing and can't wait to backtest it. 👍💯🙏🤗 God bless.
This a treasure for me! I make money with your strategy! Thank you sir!
First time watching your videos. Wow I learnt so much from this one... Thank so much
Subscribed... From South Africa
The close below/above EMA 13 on the second trade is a good setup, thank you Mr. Phil Collins :)
How do you placed the trade to take the second profit? Will you be on your screen watching all and waiting for it to cross? Please help me out here
@@benetete4590 you place both trades at the start then scale out 1st then 2nd
Must say really enjoy your content , it is clear and to the point
I wasn’t to sure how to go about doing a sell order, I couldn’t get my head around it for some reason, then I watched this video. You’ve explained it perfectly and I’m learning with every video I watch. Thank you.
Glad that this video helped. Stay tuned for more.
Thank you. Can't wait to backtest it👍
Excellent video ... I am a big follower and fan of your's ... Thanks!!!
Do you have a beginning trend analysis course or video? Btw a new subscriber and I like your no nonsense approach.
Thank you Andrew for a clear explanation.
Thanks for Sharing such simple Essential Technique. I learn many things from your RUclips Channel. Thank You so Much.
The Most inspiring truth is you are a veteran Trader over 30 Years of experience making Profits Consistently
It means It gives us Believe that Trading for a Living is trully aplicable.
To me that is very very meaningful so I have a good reason to NOT STOP and Keep Going until SUCCEED
Hi Phil Collins... :D ... I just watched this last night and immediately put this in practice on a real account by opening Sell USDCHF @ 0.98899. I used M15 to snipe an entry point with H1 as anchor chart. TP 1 has definitely reached, but I still keep the trade open (not closing half position) as I use TS instead. I will definitely continue to use and practice this EMA strategy. Thanks for sharing the strategy, Andrew! Ohh.. I have subscribed & hit the bell icon too! :D
Honor to the merit! This strategy, as a simplicity / profit ratio, is one of the best in existence.
I have tested it in real on stocks, indices and forex, high timeframes. Everywhere I have always had amazing results. But be careful, it must be performed EXACTLY as illustrated..
Thanks
Bruno Italy
The story at the beginning alone made me hit subscribe. LMAO
Thanks man, you just turned me into a consistent trader. i appreciate your kind heart for sharing, more people needs to see this
Hey , ..... can you plz help me ? ....I want to use there signals
You my friend are a LEGEND
This video just made me refine my trend following strategy. Thank you for that !
I have a question though. What do you do with the stop loss of the second order ? It just sits there at break even level ? I mean, I would like to sleep assured at night knowing that if the trend turns, my position closes nearer to the 13EMA than to break even if I happen to be away from the screen (maybe for several days).
Great video, I watched it twice, and I have some questions.
What does the strategy command us to do when a setup occurs while 50% of a previous trade is still open.
In fact, in your example, around 15:41 you show a setup on the bullish pinbar while 50% of the trade on the bullish engulfment before it would still be open. My thoughts are:
(a) Ignore while a trade is open (on the same currency), so don't open another trade.
(b) open another trade as risk management allows (including the 50% open trade).
@17:53 you spot a Bearish Engulfer, but the top of the body of the engulfing red candle is slightly below the top of the body of the green candle before it. This violates the engulfment condition as i understand it. So what is your definition of engulfing?
I expect your tool is for MT4 so i cannot use it (I have Interactive Brokers TWS), so i need to know this detail.
Similar question for the definition of pinbar. The definition i found is: the wick on one side is at least 3 times larger than the body + wick on the other side.
Thank you, going to try it ...
Wow! This seems really easy to grasp. I’ll be testing on the demo account later today!
good luck!
Great stuff, thanks for sharing!
What is the "end of the trend" criteria on the anchor timeframe to stop look for emtries on the lower timeframe? (e.g. close below/above 13ema? Or the 8ema crossing the 13ema?)
You are great Andrew, thanks for sharing your amazing thought. 👍👍👍 Sincerely: your follower from Indonesia
manjur ga bro strategy nya?
Thank you Andrew, this has changed my trading career. Completely transformative.❤️
Makes perfect sense. Thanks a Million
I was building a similar strategy, now i will simply follow your rules and add 2 component S/R and divergence. Thank a lot for this shortcut.
Wowww thts good
My favorite way to trade ... no headaches!
Over a week's usage I've found this works just a treat - bravo!
@@jurgenwalter4062 640% return on your account in a month (or 2 or 3) through trading? Prove it!!
Mike Hardwicke inbox her on WhatsApp so you could talk more *+44 7723 753962*
Thank you for all your videos I have learned a lot and I am still learning more.
does this work?
excellent...Simple and effective
I backtested it in the h4 framework. Really profitable
Sir, I just bump into your channel and I can tell you that this video has changed my life... I have become very profitable with it. I love you from Africa...
Great Video! Quick question, what time frame chart are we supposed to use when we implement these strategies?
Mr Joseph much thanks to make me clear on this EMA indicator.
now I wanna go make money than before.
Well, logically, this makes great sense. I will definitely back-test this one. Thank you!
is the setting closed or MA
does this work?
Tq for kindly sharing of forex knowledge..keeps in touch.. Be the Best for the better future...tq.
very simple and clear explanation, thanks a lot
Love this guy. Nice jag my good man
Great video, I really loved your videos 💚💚💚 please sir, I wanna know what software you use for back test
Hands down gives the best info thank you so much I’m new and learning and very excited
All thanks to Andrewlockwoodsignals on telegram for sharing the secret behind forex trading with me. Ever since he explained to me the secret behind forex trading, I have been making consistent withdrawals. God bless you sir.
Thanx thanx thanx sir, very helpful video
Thank you for this Andrew, I am going to go and backtest it and see if I can combine it into my trading plan. On a different note, I was wondering if you could do a short video on life as a full time trader from a freelance/home business point of view. As you're based in the UK, perhaps you could give us an insight into the tax implications of a trader and what the best setup is. For people who just trade and don't run their own business, what do you suggest? Self-assessment, Ltd company or keep quiet because actually HMRC doesn't require us to declare profits from spread betting?
Hi Andrew. Thank you for sharing your knowledge online. I do have a question on naked trading...is there any difference in accuracy in drawing S/R levels on candlestick and line charts.. Cause i found that its really easy to draw S/R on line charts.
Great stuff, I have seen so many videos and I am still confused about stock trade and investments, I tried to begin the stock trading myself but I was not successful. Now I wanna try again but this time, I need a good advice and directions to follow. I do not wanna loose my money, but I just have to try again, I do not give easily.
Definitely a great video, I saw many videos too when I was a beginner, I can confidently tell you that it is never easy. I also tried and failed until a friend of mine recommended a good stock broker and financial adviser to me. I followed her strategies and I started making profits. It is the best way to start.
Can you please tell me more, I really wanna start as soon as possible.
Anyway, despite the fact that I am successful in my achievements today, I honestly did not know where to start when I was a beginner, so I had a good licensed broker, who I trust to guide me through my every move. In fact she helped me trade most times. A friend of mine recommended her to me and I have been very grateful since.
you got any possible means of getting more info on her services?
Tamara Diane Hagan
Many thanks, very Well explained !
Thanks a lot sir!
Love the simplicity, use it for shares. Reminds me of old guppy mma used years ago!
Hi Col, Glad you enjoyed the video, stay tuned for more!
i played video twice, this is just an amazing lesson for a beginner. very useful strategy. I will try it out and backtest and come back to comment. Thank you once again!!!
Glad you enjoyed our videos, Peter. Stay tuned for more.
Thank you for a great presentation. I am trying to backtest this stragedy just two questions. Does the engolfing candle have to close out of the 8 ma or between 8 and 13 or it can close anywhere? 2. Does the ema have to be fanned out in the anchor chart too or just on the trading chart? 3 Which moving averege to use , closing etc.
thanks you sir, your methods and strategies always helps to learn a lot thanks again, cheers ,
@Deeptansu Sharma in what?
SOLID STRATEGY!!!!. I really like this strategy and have successfully used for sometime now. I also like to use a 200ema on all my charts
does this work?
A very good simple strategy 👍. It doesn't get any simpler 😁.
Perhaps you can combine with market structure to filter the anchort chart trend.
One of the best strategy for people like me who don't know and confused about making and using strategy for forex trading.
You are a Master
This system is exactly the way I have found profitability this video should be a great starting point for any new trader it will absolutely work but depends on trade management.
Thank you so much for your videos. You say to " take profit target 1=50% of trade = 1 x risk. And balance to break even" Then " take profit 2=remaining 50%.
I'm a rookie and would ask you if you can show me using the order screen how to do this.
I hope my question is clear.
First of all I want to thank you for your videos and tell you that I´m using your technic with consistent profits. What only stresses me is that when I watch the videos I can´t stop looking at the screens behind you because I´ve noticed that the charts don´t move!!! . I know is something foolish (sorry).
Thank you for your teaching and best regards
Excellent video... 👏👏👏 You are not sharing this indicator for pin bar and engulfing patterns anymore?
Thanks for the strategy.. I am a beginner and would like to know what platform you are using? thanks
Thanks for the video, I have been back testing this strategy but dont seem to make a profit from it in many instances. Are there any specific currency pairs this strat would work better on? Also, could you also do some more live trading videos on this trategy? Thanks!
Very helpful video for beginner like me ! Thank you very much ! :)
I tried this simple strategy it fixed my mind well so I Doubled account with one trade , It was my small account , but can say a simple way is better instead of complex with tons of indicators and very hard to decide where to trade
Great info thanks. Just to clarify if I am fully understanding the system in your trending down example for sell trades, you got in 2pips below the red engulfing candle and took your first profit but in then moving your stop to break even, you would probably have been taken out more than likely by the upper wick of the red pin bar so no take 2 profit on that trade? However you then take another trade 2 pips below the red pin bar mentioned above and continue with the trend down?
This is simple but if you understand the logic its very powerfull... I'm gonna backtest this one... Thank you. new subscriber here
Very clear sir Thank you
good breakdown. so far the most interesting - down to earth approach
Thank you for commenting. Stay tuned for more!
Am very keen on starting to trade but I do not want to fall in the trap of trading without any knowledge. Will keep studying and learning. Hopefully in a couple months I can start applying what I've learned to the real charts. Cheers
Thanks sir your videos and strategies are wonderful...
thanks for the share, very interesting, there is just one thing I do not quite understand is the need for setting the buy/sell order 3 or so pips above/below the signal candle. it feels like a waste of pips to be honest, more often than not those 3 pips will get hit and you'll enter the trade, for better or for worse but you'll be in, might as well save those 3 pips or did you notice that "buffer" pip actually keeping you off some losing trades?
thanks again for sharing, seems solid!
The strategy just works. Thanks so much for the tips.
Thank you for commenting. Stay tuned for more!
Hi thanks for your clear explanation. I've a quick question. If a trade is triggered, do we only focus on managing the active trade or look to add to the position? Example let's say that that a buy trade is active and we get another bullish engulfing pattern, say a few bars out. Now do we add a new buy order or just ignore this new signal? Thanks
Great video Andrew and thanks for going into so much detail.
I do have a question though. How would you set this trade up using MT4? If you opened a trade and you hit the first risk x1 profit target then the trade would close wouldn’t it? Can you set multiple T/P’s in MT4?? Also, when it comes to closing the trade when a candle closes about the 13EMA, is that just a matter of watching the charts closely or is there a way for MT4 to do that for you?
It depends what your software will allow. My MT4 only allows manual partial exits - unless someone else knows how to set a profit target for a partial position. For me it sets a limit for the entire position and I can't modify the amount, even if it's entered as two separate trades.
Thank you for great videos. I am beginner and little confused. For entering and leaving the trade you explain well here but what about the support and resistance levels that you explain at another video? Shall we discard those while following the averages and pin bar formats?
Obviously ! when using this strategy then only follow rules according to this. see when the price is in a downtrend it will not respect any support and the same way when the price is in an uptrend it will respect any resistance until it reaches up to major supply and demand zone and starts reversal.
Hi sir this video is very informative best for trading follows the trend I have a question that..it works on binary option for 5mint
Thanks
Great Video as always. You make trading look easy but it is hard work and difficult.
Amazing training! Thank you much... :)
Thank you for the informations
Hi! One question, is the trade valid if you do a pull back on the EMA 8? or does it necessarily have to be in EMA 13? Greetings from Colombia and thanks for sharing your strategy! :)
Do we need to consider the support and resistance level at anchor and trading chart?
WHEN I BACK TESTED YOUR MOVING AVERAGES. IT SUITES FOR 5Mints TIME FRAME. Thank You So Much. Its working fine
@@ForexSignalsTV Sir I'm from India and very much interested to join your traders room but it is asking payment. I want to see just once how traders room will be sir. If you don't mind just show once that room sir. Thankyou
@@ForexSignalsTV Really? Thank you so much sir.
Thank you alot man
Great strategy, wow, but I have a questions:
to identify the big trend, when the EMA begin to open, should the first three candles be long, without shadows and the color of the main trend? For buy three blue candle and for sell three red candle? Or is it the same?
or just three candles out of the 8?
Thanks trader
Güzel görünüyor deneyeceğim ,teşekkürler...
Been following you for a long time normally i don’t entertain adverts that happen on Facebook but your strategies are so good i am happy that now the big guys are coming in to teach us whats real than to teach us complicated stuff i wish i had money to pay for the Forexsignals.com but price is same as trading account so disappointing but with some back testing and more learning i will pay for the coarse i am very happy i am watching all your video’s everyday
World class. Thank you Andrew!
Glad you enjoyed our videos. Stay tuned for more.
Are you looking at the same EMAs on the anchor chart and on the trading chart?
I would to thank you so much about these simple and beneficial information , and i want an advice from you about this strategy , actually i made a back test for more than 50 trades sticking with this strategy in 15 Min time frame and i found my Demo account negative , i want your advice in this topic , what can i do for improving my accuracy and profit loss ratio ?
I learned about bullish/bearish engulfing and pin ball candles. Very useful and has reshape my trading strategy. Thanks
You're most welcome, Diangha. Stay tuned for more.
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
Nice.....very clear and easy.
Best strategy hands down
Hi Sir, I am a green and day trader. After follow your instruction, my trading result has been greatly improved. I hope you can share more about this kind of video. If I want to use multiple time frame for increasing the wining opportunity, pls advise what time frames is the best for day trading. Thanks
Yes master we are move on together...
fantastic yet easy to understand ...more videos please on how to enter a trade to range trade..thank you
Glad you enjoyed the video. Stay tuned for more!