Forex strategies revealed | FSR Forum

Time Frame: 1 Hour
Indicators: 20 SMA & RSI 20 (Trigger Lines 60 & 40)
Pairs: Any

Rules:
Go long when the price is above the SMA 20, and the RSI is above 60.
Go short when the price is below the SMA 20, and the RSI is below 40.

Take profit: 180 pips from entry price.
Stop Loss: 90 pips from entry price.
Break Ever: Move stop loss to breakeven once the price moves 50 pips in your favor.
Close trade if the stop loss or the profit target aren't hit with in 48 hourly bars(2 days), exit the position.

I think its very risky, we do not know the market will going on where...

Thank you vet much for your valuable contribution. keep sharing info.

Great information regarding Forex Trading strategies i appreciate you on this sharing.

yes. market will bring money to you when you sleep. it will make your money working

what is this stategy. your oder will open in 48h . i think it depend on market.

48h is not short time. i ussually trade with this time. i open an order and i keep it on a 48h hour or it take my profit