RoboForex - www.roboforex.com

[Vlad RF]

RoboForex introduces a new payment system, ecoPayz

Dear Clients and Partners,​

Depositing/withdrawal operations at RoboForex are now even more comfortable! A new payment system, ecoPayz, is now available to our clients for performing balance transactions on their trading accounts.

Deposit funds and withdraw them using ecoPayz:

Depositing

• Currency: USD, EUR.
• Commission: 0%.
• Transfer time: instantly.
• Amount per transaction: 10 - 4,200 USD.

Withdrawal

• Currency: USD, EUR.
• Commission: 2 USD / 1 EUR.
• Transfer time: instantly.
• Amount per transaction: 10 - 100,000 USD*.

* - The maximum amount available for withdrawal to ecoPayz users with “Classic” wallets is 2,500 EUR (or equivalent in USD).

ecoPayz allows you to deposit small amounts of money (from 10 USD), which is quite convenient for traders without big deposits. In addition to that, the commission for withdrawal is just 2 USD.

​

Sincerely,
RoboForex team

 

[Vlad RF]

Defining the Market State and Possible Reversals with DeMarker Indicator

Author: Victor Gryazin

Dear Traders,​

In this review, we will get acquainted with the DeMarker indicator. It was created for exchange trading by a famous trader and the guru of tech analysis Thomas DeMark.

DeMarker description and peculiarities

The DeMarker indicator was named after its creator, an outstanding exchange player and the author of many technical indicators Thomas DeMark. The indicator assesses the current state of the prices compared to the previous period, helps to define the market state, and find the place of a possible reversal.

DeMarker belongs to the group of normalized oscillators; its values lie between 0% and 100%; 100% is marked as 1. Unlike many other oscillators, DeMarker pays more attention to intermediate highs and lows rather than closing prices. The algorithm of the indicator compares the current highs and lows on the price chart with the extremes of the preceding period.

Like any other oscillator, DeMarker demonstrates the current state of the market:

• If the indicator line is growing and demonstrates another high, it indicates an active uptrend and an overbought state of the market.
• If the indicator line is declining, forming local lows on the chart, there is a downtrend and an oversold state of the market.

The indicator is displayed in a separate window under the price chart; it looks like a line moving between 0 and 1. The area above 0.7 is called the overbought area where a reversal downwards may form. The area below 0.3 is called the oversold area, where we may consider buying. The DeMarker indicator is included in most of the popular trading platforms.

DeMarker indicator​

Calculation formula and settings

To add the indicator to the chart of the chosen instrument in MetaTrader 4 or MetaTrader 5, open it vie the Main Menu: Insert – Indicators – Oscillators – DeMarker.

The algorithm for calculating highs and lows (DeMax and DeMin) is based on comparing the highs/lows of the current period to the highs/lows of the preceding period. If the high of the current candlestick is higher than the preceding one, the corresponding difference is calculated.

If the current high is lower than the previous one or equal to it, the value is zero...

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

How to Trade Three-Drive (Three Indians) Pattern?

Author: Maks Artemov

Dear Traders,​

Today, we will discuss yet another trend strategy called Three-Drive or Three Indians. It may have other names but the idea of the strategy and its signals remains the same.

From the name of the strategy, we may conclude that it is based on technical analysis. This means that to use it successfully, you need to understand the support and resistance levels, the trend, and, perhaps, the classical candlestick analysis.

What do you need to know before using the strategy?

Define the trend

Let us first discuss the main concepts that the trader will need for using this strategy, starting with the trend. A trend is a directed price movement.

It may be of one of three types:

• Uptrend
• Downtrend
• Flat

An uptrend is a directed price movement, in which each next low is higher than the previous one. To put it simply, on the chart, we see the price growing, pulling back at times, looking like a wave with increasing peaks.

Uptrend​

A downtrend is a directed price movement, in which each high is lower than the preceding one. In this case, the price on the chart also looks like a wave, declining with periodical pullbacks.

Downtrend​

A flat is a horizontal price movement. In this case, highs and lows remain at more or less the same level. About this movement, we may also say that the price is moving in a horizontal channel.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex reduces the minimum lot and the step for trading Indices

Dear Clients and Partners,​

Starting from May 14th, 2020, RoboForex is reducing the minimum lot and order volume step for trading Indices. Thanks to these innovations, Indices can be traded with lower margin requirements, while orders in the CopyFX platform will be copied with higher accuracy.

New conditions for trading Indices

• Minimum order volume (lots): 0.01.
  
• Minimum order volume step (lots): 0.01.

Reduction of the minimum lot and order volume step is another step in the Company's extensive work aimed to provide its clients with the most competitive conditions for trading Indices in the industry.

Please note that improved conditions for trading Indices may require you to adjust your Expert Advisor settings or review your trading strategies. We kindly ask you to take these changes into account when planning your trading operations.

​

Sincerely,
RoboForex team

 

[Vlad RF]

Walt Disney and Sony Stocks: Will Entertainment Industry Survive?

Author: Maks Artemov

Dear Traders,​

There are plenty of companies and corporations in the entertainment sphere, and all of them are noticeable to some extent. However, today I have picked up the companies that are suffering from COVID-19, as many others are, but manage to stay the course. Its The Walt Disney Company (NYSE: DIS) and Sony Corporation (NYSE: SNE).

They are the giants of entertainment, video, and television. Each company has its activity streams but they are united in one sphere - the entertainment industry, in which they are the leaders. Each corporation has its specialties that help not only to survive the crisis but only make a profit in an unstable market situation.

Now, let us consider these companies and their stocks separately and compare the fundamental data to tech analysis. We will try to draw parallels between the corporations and forecast their future market behavior.

The Walt Disney Company

When the quarantine began, many people all over the world stopped going to the cinema and amusement parks; the Walt Disney Company was the one to suffer first, nonetheless, the company found a way out.

Fundamental analysis of Disney

The growth of the number of clients on the streaming platforms somewhat compensates for a lack of them in the amusement parks: from the end of March till the beginning of May 2020, the number of the subscribers of Disney+ online services grew from 33.5 million to 54.5 million, which was a record for the company.

It should be mentioned that the Disney platform is a serious rival to Netflix: it may not harm the latter gravely but will for sure play on the nerves. The reason for which Disney may not push Netflix out of the market is the fact that they have different subscribers.

Switching to online entertainment will help Disney cover up the significant losses that it suffers from the amusement parks and other offline entertainment facilities lying idle. During the last financial year, the income of Disney grew by 20.7% per annum. I think this is a serious promise of future success. These days, many of the company's rivals are struggling to minimize their losses, only dreaming about a profit.

Tech analysis of Disney stocks

On D1, the stocks are restoring their positions after a swift decline. They keep growing with small pullbacks inside an ascending channel and have crossed the EMA50.

Crossing the EMA50 does not mean a trend reversal: while the price is heading for the EMA200, it might be too bold to forecast a change in the trend. However, the development of an uptrend is obvious, and many financial analysts also forecast further growth. I suppose we should agree with them.

The pandemics may slow down the growth a bit, however, I still recommend buying. The aim of the growth is currently $125.00 - $127.00. The price may correct on its way, remaining inside the ascending channel borders.

Sony Corporation

Regardless of the company's specialization being the production of electronic devices and gadgets, Sony is currently a strong rival to Disney. In the sphere of technology, the competition is too tough for Sony but it is trying hard. However, it is doing much better in the sphere of entertainment.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex: changes in trading schedule (Memorial Day in the USA and Late May Bank Holiday in the UK)

Dear Clients and Partners,​

We’re informing you that due to public holidays in the USA (Memorial Day) and the United Kingdom (Late May Bank Holiday), several instruments will be traded according to the changed schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD and XAGUSD), US indices (US30Cash, US500Cash, and USTECHCash) and CFDs on oil (Brent and WTI)

• May 25th, 2020 – trading stops at 7:45 PM server time.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFDs on US stocks

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFDs on Russian GDRs

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFDs on US stocks and ETFs

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFDs on US indices (US500, US30, and NAS100)

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFDs on UK stocks

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on CFD on UK100 index

• May 25th, 2020 – no trading.
• May 26th, 2020 – trading starts as usual.

Trading schedule on Metals (XAUUSD and XAGUSD) and CFDs on oil (WTI.oil, BRENT.oil)

• May 25th, 2020 – trading stops at 7:45 PM server time.
• May 26th, 2020 – trading starts as usual.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed by the provider.

Sincerely,
RoboForex team

 

[Vlad RF]

Gartley Butterfly Pattern: Indicator and Trading Strategy

Author: Victor Gryazin

Dear Traders,​

In this review, we will discuss a well-known trading pattern - the Gartley Butterfly. You may learn to find this pattern on the chart by yourself or use the ZUP indicator, specially created for finding and drawing the pattern on the price chart.

Pattern history

The Gartley Butterfly pattern appeared as long ago as 1935 thanks to a famous analyst and tech analysis expert Harold M. Gartley. He specialized in stock market analysis, delivered lectures on tech analysis, and consulted Wall Street traders. In the end, Gartley's tech analysis study course turned into a book called "Profits In the Stock Market", where he first described a pattern that was later named Butterfly.

The Gartley Butterfly became popular a bit later, at the end of the 20th century. Gartley's works were improved by his followers Scott M. Carney and Larry Pesavento. The latter added the Fibonacci levels to the Butterfly to define and classify patterns more precisely. A Gartley Butterfly with perfect Fibo proportions is called the Pesavento Butterfly.

Gartley Butterfly pattern description and trading method

The Gartley Butterfly belongs to harmonic trading patterns - the ones which form by a certain scheme including Fibo levels. The pattern consists of four price movement sections (waves), the second, third, and fourth ones being, in essence, a three-wave correction of the first movement. The pattern got its name because its lines and Fibo levels on the chart look like a butterfly's wings.

The Gartley Butterfly forms on different timeframes; quite often, it acts as a trend continuation pattern for the actual trend on a larger timeframe. The pattern works well with other tech analysis instruments: trendlines, support, and resistance levels. If the pattern forms according to the Fibo relations singled out by Pesavento, it will work off more probably, however, even without them, the pattern is trustworthy.

Bullish Gartley Butterfly

A bullish (buying) pattern looks like an ascending price impulse XA followed by a three-wave correction AB-BC-CD. The pattern roughly looks as follows:

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

Trading the Alligator+Fractals Strategy

Author: Maks Artemov

Dear Traders,​

Today, we will speak about one of the most popular Forex strategies called Alligator+Fractals. It was designed by a famous market psychologist and successful trader Bill Williams in the 20th century, however, it remains topical nowadays.

Alligator+Fractals belongs to trend strategies, which means it does not work in the times of a flat.

This strategy is multicurrency, however, observations show that it works better on instruments with a small spread, such as most basic currency pairs and metals. With high-volatile instruments, it may give false signals.

You may use any timeframe; however, on smaller ones, signals will be multiple but their quality may worsen. On H4 and longer timeframes, signals will demonstrate better quality but appear more rarely. A trade will be working off for several days if not weeks. The size of Stop Losses on large timeframes may exceed the size allowed by your risk management. However, the profit may be huge compared to the Stop Loss.

The Fractals and Alligator indicators: the base of the strategy

This strategy is based on two indicators designed by Bill Williams and included in most trading terminals by default:

1. Fractals
2. Alligator

Fractals indicator settings

The Fractals indicator looks like an arrow above a Japanese candlestick or a bar and points at the price extreme. For a Fractal to appear, the following conditions are necessary:

• The highs of the two first candlesticks are increasing.
• The high of the third candlestick is higher than those of the preceding two candlesticks.
• The highs of the fourth and fifth candlesticks are decreasing gradually.
• If all the requirements are met, a fractal forms on the extreme.

In the settings, you may only change the color and the width of the line. Other parameters are set.

Fractals indicator​

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex: changes in trading schedule (Whit Monday)

Dear Clients and Partners,​

We’re informing you that due to the Whit Monday in several European countries, there will be some changes in the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on CFDs on the German index DE30Cash

• June 1st, 2020 – no trading.
• June 2nd, 2020 – trading starts as usual.

R Trader platform

Trading schedule on CFDs on GER30 index

• June 1st, 2020 – no trading.
• June 2nd, 2020 – trading starts as usual.

Trading schedule on CFDs on German, Austrian, Danish, and Norwegian stocks

• June 1st, 2020 – no trading.
• June 2nd, 2020 – trading starts as usual.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed by the provider.

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex changes conditions of using the VPS server for its clients

Dear Clients and Partners,​

RoboForex has changed terms of using the VPS server for clients with standard trading conditions and VIP clients by making them simpler and more convenient.

What has changed for clients with standard trading conditions?

From now on, clients with standard trading conditions have the opportunity to use our VPS server regardless of their trading volume but for a monthly fee in the amount of 5 USD.

The fee for using the VPS server will be deducted from the client’s USD Wallet if their trading volume is insufficient.

To continue using the VPS server, the client must go to the “Your VPS 2.0 Server” page in their Members Area, choose the “Renew” option and tick “Renew automatically”.

What has changed for VIP clients?

VIP clients will be provided with the VPS server for free if they performed at least 1 transaction over the previous calendar month.
The complete list of terms of using VPS can be found on the “VPS server” page.

​

Sincerely,
RoboForex team

 

[Vlad RF]

How to Use Mean Reversion Indicator: Settings and Trading

Author: Maks Artemov

Dear Traders,​

Many traders use support and resistance levels in their trading systems and strategies. There are quite many ways of using them: they apply to market and pending orders, their breakaways and bounces off them may be used in market analysis; also, they are landmarks for Stop Losses and Take Profits. Moreover, traders pay attention to the overbought and oversold areas. For trading, a comprehensive approach may be used: tech analysis suits for detecting the levels and indicators help find the oversold and overbought areas. However, you might manage with just one indicator that will show everything. It is called Mean Reversion.

Mean Reversion overview

Let us look at the indicator in action and try to see into its signals.

Mean Reversion belongs to the group of channel indicators. This means that on the chart it draws channels inside which the price moves and tries to forecast its behavior. The multi-currency Mean Reversion indicator in MT4 applies to all trading instruments. The developer states that it works on any timeframe and in any trading session. Theoretically, its application in Forex is unlimited.

Mean Reversion​

Mean Reversion settings

The indicator is drawn on the chart of the instrument and looks like seven lines, between which the price moves. The central line is the main one, above and below it six more lines constitute the channel. The main line is called the gravity center. It is calculated based on polynomial regression. Other lines show the overbought and oversold areas and are calculated as a standard deviation from the central one. For the sake of clarity, the overbought area lies above the central line between the grey and upper blue lines. The oversold area lies below the main line between the grey and lower red lines.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

In the first week of summer at RoboForex, ContestFX brings you the following competition draws:

The 111th round just started in June "Demo Forex" and 261th "Week with CFD".
03.06.2020 start at 12:00 - 394th "Trade Day".
04.06.2020 start at 20:00 - 311th "KingSize MT5".

We remind you that for winners of our demo competitions, we transfer the prizes to all winners' real trading accounts as a reward, which allows them to trade and earn the profit in the Forex market without investing their own money as the starting deposit.

Good luck to all traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex adds several useful improvements to R Trader

Dear Clients and Partners,​

We’ve added several improvements to the R Trader trading platform aimed at making your forecasts more accurate and your trading - more comfortable. Benefit from all opportunities of the updated web terminal for more efficient work with more than 12,000 popular instruments.

More about R Trader improvements​

1. 4 new trading indicators

Use “Force Index”, “Volume-Weighted Average Price” (VWAP), “Pivot Point”, and “Donchian channel” to perfect your trading strategy.


2. Trading log in convenient charts

Analyze your trading results using a new R Trader tool called “Trading log”. Your trading history is now displayed in the chart form showing the key statistical performance of your accounts, such as profit, Equity, “drawdown”, depositing, and balance.


3. Corporate events calendar

Following important news of the world’s largest companies and be the first to learn about such high-profile events as:

Dividends – dates when dividends are paid to shareholders.

Earnings – dates when financial reports are published.

Splits – dates when stocks are split and consolidated.


4. Contract specifications right in the terminal

No more wasting time on looking for information about trading conditions for the asset you’re interested in – contract specifications for each trading instrument are available directly in the platform itself.


5. “Enhanced” mobile version

• Improved charts.
• More convenient navigation.
• Expanded Watchlist.
• Updated interface

A more detailed review of new tools and improvements can be found in the RoboForex blog. Benefit from all opportunities of the updated R Trader platform for achieving your most ambitious trading goals.

Go to the terminal​

Sincerely,
RoboForex team

 

[Vlad RF]

Shooting Pips: Trading the Sniper Strategy

Author: Andrey Goilov

Dear Traders,​

Today, there are plenty of trading strategies and work options for various markets both with indicators and without them. The Sniper strategy belongs to the second group: it consists of chart analysis solely, involving no additional indicators.

Opinions differ about using just the price chart for trading. Some think that this type of trading is subjective, and several traders may see different signals on the same chart. Moreover, this trading method is hard to back-test, unlike the work of indicators, where you can study all previous signals rather easily.

However, the Sniper remains popular among Internet users, experienced traders and beginners alike. In this overview, we will discuss the peculiarities, advantages, and drawbacks of the strategy.

Description of the Sniper strategy

The strategy is meant for intraday trading, which means positions are not transferred to the next day. Also, trades are not opened at the moment of the publication of important economic news. The strategy uses classical instruments of tech analysis, such as the support and resistance levels, sideways movements. The publication of news, in this case, may hinder trading the levels.

GBP/USD price chart - Sniper strategy​

The idea is to open positions in the direction of the breakaway of the channel that was formed at night - using horizontal levels. As a rule, at night, volatility drops significantly, and flats form, squeezed between strict levels.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, project ContestFx presents you the following rounds:

Since June last Monday, 111th round started "Demo Forex".
Just started the 262th round "Week with CFD".
10.06.2020 starts at 12:00 - 395th "Trade Day".
11.06.2020 starts at 20:00 - 312th "KingSize MT5".

After completing a simple registration process, in just a few clicks participation becomes available for all contestants in any round of the contest and by winning prize money you can start full-fledged trading on the Forex market without investing your own financial savings as the starting deposit.

We're looking forward to all of you on our site and wish you success!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Avalanche Of Profit: Testing the Expert Advisor

Author: Dmitriy Gurkovskiy

Dear Traders,​

Today, we will discuss an expert advisor for scalping: it works on H1 but makes a large number of trades. The Avalanche expert advisor is a high-frequency trading robot aiming at numerous trades even on large timeframes. The number of trades may amount to hundreds a day and thousands a month.

The working principle of the Avalanche EA

The trading algorithm of the robot is simple. For finding entry points, it uses 2 standard indicators: the Bollinger Bands and Relative Strength Index (RSI). The first one is a range indicator, hence, it may be used as a trend indicator for defining the general market direction. The second one is an oscillator, a special type of indicator which traders most often use for finding entry points. To put it simply, the expert advisor needs two signals from the indicators given simultaneously to open a position in a chosen point.

Unfortunately, I failed to find out how the expert advisor uses the indicators and what signals exactly it chooses. This is because the code of the robot wrote by the author is encoded and the working algorithm has a completely different style. All the sorts of the initial code I have managed to find are downloadable at the end of this article.

Only basic currency pairs suit for this robot: EUR/USD and GBP/USD; you may try it with other pair as the trading strategy of the robot is rather universal, however, it has been optimized for the named pairs.

The timeframe recommended by the developers is H1 as the strategy was designed for it. Frankly speaking, the timeframe is not that important: the Avalanche gives the same results on H1 and M5.

The expert advisor can both work with a fixed and dynamic lot (the latter increases proportionally alongside the deposit). The developers assure us that the expert advisor does not need optimization; judging by its parameters, I would say it is true.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex changes the MetaTrader 5 trading server structure

Dear Clients and Partners,​

We’re informing you that in order to improve trading conditions and expand the range of offered account types, the RoboForex server infrastructure will change starting from June 13th, 2020.

Changes in the server structure

Starting from June 13th, 2020, MT5-based accounts will be available on on the following servers:

Account type	Server	DNS
Pro-Standard Pro-Cent Demo Pro	RoboForex-Pro (earlier RoboForex-MetaTrader5)	mt5-dc1.roboforex.com
ECN Demo	RoboForex-ECN	mt5ecn-dc1.roboforex.com

⚠️ Please note

• “ECN” and “Demo” accounts will be relocated to a new server and won’t be available when connecting to them using the previous address.
• To continue using MT5 and/or its mobile version after the changes have entered into force, add your trading account to the terminal once again. Read the instructions>
• Fee-based trading robots may be bound to the trading server name (contact a developer for clarification). To continue using them, you may require an updated version of the software bound to a new server name.

Changes in instrument tickers

Starting from June 13th, 2020:

• Positions of Pro-Standard, Pro-Cent, and Demo Pro accounts in the instruments with the postfix “.m” will be available in the instruments without postfixes. These changes may require you to modify your trading robot settings.
• All hedging instruments will be switched to the “Close only” mode. Positions in the instruments with postfixes “m1”-“m3”will not be replaced by positions in the instruments without postfixes.

Upgrade operations period

Operations to upgrade the server infrastructure will be conducted on Saturday, June 13th, 2020. We kindly ask you bear in mind that using MT5-based accounts (performing balance or trading operations, opening new accounts) won’t be available starting from 12 AM June 13th and until the end of upgrade operations.

Updated links to trading terminals will be available after technical operations are over.

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex adds WeChat Pay to the list of depositing methods

Dear Clients and Partners,​

For the convenience of our clients from China, we’ve added a new payment system, “WeChat Pay”, to the list of depositing methods available at RoboForex.

Depositing via WeChat Pay:

• Currency – CNY.
• Funds are deposited instantly.
• RoboForex compensates commission for depositing funds.
• Deposit from 60 to 65,000 CNY per one transaction.

WeChat Pay is a popular payment system of Tencent, the company that owns China’s most widely-used messenger called WeChat. The system supports two ways of payment: using the virtual WeChat Wallet and the bank card added to WeChat.

Deposit funds to your trading account quickly and without additional fees – we compensate commission for depositing funds!

​

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week RoboForex Company, contests project ContestFx is waiting for you to participate in the following competitions:

The 111th competition is running at "full speed" in June "Demo Forex".
Today started the 263rd competition "Week with CFD".
17.06.2020 starts at 12:00 - 396th competition "Trade Day".
18.06.2020 starts at 20:00 - 313th competition "KingSize MT5".

Let us remind you that all contestants will receive prizes in the real trading accounts by winning in our demo contests. Which provides the opportunity to the winners to start full-fledged trading on the Forex market without investing their savings.

Do not miss your chance!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Top-7 Trading Strategies on Forex in 2020

Author: Andrey Goilov

Dear Traders,​

In RoboForex blog, we have discussed a whole range of forex strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate top-7 trading strategies of 2020, which will be especially useful for you if you have not tried some of them yet.

Always keep in mind that however beautiful a strategy may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.

1. The Fishing trading strategy

The Fishing strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The trading strategy uses special indicators that you may download from the detailed description of Fishing.

The Fishing trading strategy​

The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.

An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.

2. Woodies CCI trading strategy

The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team