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Strategies

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Forex Trading Strategies

In this section I will share the forex trading strategies that I am either using right now on my live account, or have in the past or am trying out on demo.

The forex strategies are all based on technical indicators and are ones that can either be traded manually or automated using FX Autotrader Elite.

My use of these forex strategies is combined with my own weekly analysis of longer term price action on the daily and weekly timeframes including major support and resistance levels and candlestick patterns and sometimes even harmonic patterns. I use these as a guide only in terms of whether a strategy might need to be adjusted for going only long or only short for a while. Or whether to halt trading a particular strategy if the market is tightly ranging and my preferred strategy for that currency pair is a trending one.

By way of example (taken from my free ebook on Forex for Trending Markets):

EMA

On the 4hr chart shown here, the black moving averages (4, 8, 12, 16 and 20 EMA) in the blue shaded area are criss-crossing and almost horizontal for about 26 bars– indicating a ranging market over those 4 days. So wait till EMAs diverge/fan out and price breaks out before using a trending strategy

Thus even when we are autotrading, we do need to exercise discretion.

For a detailed example of this approach to forex trading strategies please register for the free ebook from the link on this page.

Current Strategies

Here is my list of current strategies. I will be adding to it from time to time so keep a lookout for updates and sign up to receive these strategy updates.

Trading the AUDUSD with Moving Averages and Moving Averages of RSI

By Andrew Peters 3 Comments

This strategy is designed to work ranging markets on the 15 minute timeframe It uses a slow Moving Average (MA) to ensure we only take trades in the direction of the longer term trend and triggers the trades on the cross of the MAs of RSI. Strategy Conditions Double MA crossover based on: Fast Smoothed MA (SMMA) of 10 Slow Simple MA (SMA) of 100 Double MA crossover of RSI RSI … Read full article →

Trading AUDJPY with Moving Averages and MACD

By Andrew Peters Leave a Comment

This FX strategy is designed to work on trending markets but includes a protective filter and strategy for when the trend stalls. If you like trading the AUDJPY you may find this strategy of interest to you. I have developed it for use on the 4 hour timeframe. It incorporates a triple Moving Average (MA) with a zerolagMACD filter to help us through the ranging sessions to avoid too much … Read full article →

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. You must be aware of the risks and be willing to accept them in order to invest in these markets. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from a Licensed Investment Advisor if you have any doubts.

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