I will show you how can you make profit from forex with the simplest system of Simple GBPUSD Strategy:
Currency Pair: GBPUSD
Time Frame: Any (H1 is better)
Trading Rules:
1- Open your chart on 08:00 AM (GMT).
2- Find the Maximum Price and Minimum Price between 21:00 PM (GMT) to 08:00 AM (GMT).
(For example If your broker time is GMT+2, so you should find the maximum and minimum price between 23:00 PM to 10:00 AM on your chart.)
3- You have 2 numbers. Maximum Price & Minimim Price. Now should open 2 pending orders:
Buy Stop:
At: (Maximum Price + 2 pips)
T/P: (Maximum Price + (Maximum Price – Minimum Price))
S/L: (Minimum Price – 2 pips)
Expiratory: Next trading day at 08:00 AM (GMT)
Sell Stop:
At (Minimum Price – 2 pips)
T/P (Minimum Price – (Maximum Price – Minimum Price))
S/L (Maximum Price + 2 pips)
Expiratory: Next trading day at 08:00 AM (GMT)
4- Now you can even turn off your computer and sleep. If any of above pending orders activated, let it touch T/P or S/L it self. It may takes some hours or even some days. Please never close it manually when you using Simple GBPUSD Strategy.
Inactive pending orders will expire next trading day at 08:00 AM (GMT). At this time you should go to the first stage and repeat this cycle for the next day. try to test Simple GBPUSD Strategy with demo account before you go to live trade.
