Arktech Strategy Forex Trading System (2024)

FAQs

What is the most successful strategy in forex trading? ›

If you're looking for a high win rate trading strategy, the Triple RSI Trading System is definitely worth checking out. This system uses three different Relative Strength Index (RSI) indicators to identify potential buy and sell signals in the market.

Support and resistance levels are price points where significant buying or selling pressure is expected. By identifying these levels and using them to enter and exit trades, traders can increase their chances of achieving a 90% win rate or higher.

The 123 rule in forex trading refers to the price action pattern where the market makes a new high (or low), followed by a retracement, and then a higher high (or lower low). This pattern is significant as it often indicates a potential trend reversal, allowing traders to enter or exit trades at favorable positions.

Focus on the pending order and place a stop-loss. If it is a buy order, the stop-loss should be placed 5 to 10 pips below the 7 am candle's low. If it is a sell order, 5 to 10 pips above the 7 am candle's high. In both cases, your take-profit would be 50 pips above (buy order) or below (sell order) the order.

The 90 rule in Forex is a commonly cited statistic that states that 90% of Forex traders lose 90% of their money in the first 90 days. This is a sobering statistic, but it is important to understand why it is true and how to avoid falling into the same trap.

Winning 5 out of 10 trades is a 50% win rate. Winning 30 out of 100 is a 30% win rate. Most professional traders have a win rate near 50% or less. They are profitable because they make more on winning trades than they lose on losing trades.

Clear guidelines: The 5-3-1 strategy provides clear and straightforward guidelines for traders. The principles of choosing five currency pairs, developing three trading strategies, and selecting one specific time of day offer a structured approach, reducing ambiguity and enhancing decision-making.

What is the profitable one hour forex strategy? ›

First check the main trend on the 4 hour chart. The top trend indicator can show you the main trend direction and you also can draw a trend line. Now you switch to 1 hour or 30 min and take only trades in the main trend direction. This will help to avoid some less profitable trades.

The 5-Minute strategy is created to aid sellers and buyers engage in back tracking and spend some time in the location with the appearance of prices proceed in a latest route. The system depends upon exponential moving averages and the MACD forex trading indicators.

Some of the most successful chart patterns in trading include the Head and Shoulders pattern, Double Top and Double Bottom patterns, Triangle patterns, the Cup and Handle pattern, and the Flag and Pennant patterns.

Scalping is one of the most effective forex trading strategies in the forex market that works when you can trade with a focus on smaller price movements in the market. Intraday traders take advantage of smaller movements with a large number of trades to earn smaller profits on each trade.

Clear guidelines: The 5-3-1 strategy provides clear and straightforward guidelines for traders. The principles of choosing five currency pairs, developing three trading strategies, and selecting one specific time of day offer a structured approach, reducing ambiguity and enhancing decision-making.

Carry Trade

The carry trade strategy involves shorting a currency with a low interest rate and using the proceeds to purchase a currency offering a higher interest rate. This approach targets earnings from daily accrued interest, often relying on major pairs and anticipating minimal shifts in the actual exchange rates.