What's your favorite type of Forex Trading System?

[FXexpert]

Hey everyone,

Quick question here, what's your favorite type of Forex trading system?? Automated EA, Daily Live Trades, Signal Service Or Other?? Thanks In Advance For Responses!

[FXOjafar]

Swing trading done manually is the best choice. It's where all the money is. Naturally though, Swing can get a little boring so the odd scalp here and there always breaks up the monotony

[ilearn2t]

Hey everyone,

Quick question here, what's your favorite type of Forex trading system?? Automated EA, Daily Live Trades, Signal Service Or Other?? Thanks In Advance For Responses!

Hello FXexpert

Playing "Chess"

This involves opening buy/sell orders (GBP/USD & USD/CHF) its a bit complicated at first, just like the start of any chess game. I risk 1 minimum lot size on the mirco account on GBP/USD my first "Pawn" and if it goes 12 -15 points into profit I place a winning stoploss at 2 - 5 points and have my first "GBP/USD Queen" if this is a sell "Queen" I place a sell "USD/CHF Pawn". I know its a higher risk as 90% of the time these 2 pair go in opposite directions. So lets say the risk fails I counter the risk by placing a buy "GBP/USD Pawn" over time my board is loaded with all sorts of "Pawns" from both sides, until like Fridays trading my risk paid off and I'd both an extra "sell GBP/USD Queen" & buy "USD/CHF Queen" I then made a few "Check" moves on the now waiting "Kings" (open orders in profit but no cover for closing) once my "Queens" protected my "Pawns" until they became "Kings" on the opposite side I placed winning stoplosses on equal amount of opposing teams.

After 3 weeks playing my winning "Kings" stand at 186, Balance: +800%, Equity: Slightly below +10% Open orders -700% a good tradesperson will tell you its a long way from "Check mate" but chess is never meant to be rushed.

[ilearn2t]

Hello FXexpert

Todays moves:

One risk "Sell GBP/USD Pawn" open (1.5237) with a counter "Buylimit Pawn" set at 1.5140.

Two USD/CHF counter "Limit Pawns" set 50 points each side of current price 1.0631

All goes well and every "pawn" comes into play, more winning kings will follow.

Will update any movements later.

Update: All "limit pawns" moved by a factor of 50 to allow for any large (Volatile) movements during or after 3pm (BST) reports from USD.

[ilearn2t]

Hello FXexpert

Yesterday was a case of closing winning risk "Pawns"

Today I need GBP/USD to move 10- 15 more points up from current level to start trading off winning "Kings" downward by as many points will also start USD/CHF "Kings"

Update: If first move fades out I'll make my next move by placing a winning stoploss on a GBP/USD "Buy Pawn" if and when this order is closed, it will leave me with a risk "sell order" on that pair.

Update: Two GBP/USD "Kings" placed on board.

Update: Two more "Kings" & one less "Risk"

[ilearn2t]

Hello FXexpert

Todays game will start with two "risk" free winning stoplossess, and if one or both close now it could trigger 2 or 4 winning counter "Kings" I've set 2 counter limit "USD/CHF Pawns" but favor the GBP/USD to travel downward towards 1.5150 so I 'm running with a new "risk" pawn on that pair.

For the more advance players :

Equity now close to 2%
Balance 850%
Open -740%

Board now 20 points better off while typing this update.

Update: Both indicator & my own "mirror" format show possible upward movement towards 1.5237 with sell "pawn" waiting with another buy "risk" at that point for the possiblitily of 1.5295.

Update: Two new winning "GBP/USD Kings"

[FXexpert]

Thanks for this info ilearn2t

[Forex247]

My favorite method of trading is with mathematics

[FXexpert]

Yes it definitely is, it could be helpful though!

[Vulpes]

technical analysis using EMA and RSI..plus ofc trend lines, support lines and stuff

[KPS_Anna]

My favorite is technical analysis using support and resistance breakout strategy, ema crossover and daily pivot point strategy.

[Vulpes]

trendlines as main source of information followed by S/R from longer TF...plus some moving averages and thats all I need...yet could do with fibo levels but im not keen at this ...yet :P

[currencytrading]

I prefer to rely on my knowledge and intuition. i do not trust EAs and robots. All strictly IMO.

[CCC000]

my best system is to look into calendar of today and then decide + my own technical indicators

[sirz01]

Am looking forward to see which one is more profitable