Elementary view of the magic number strategy in EURUSD

Finally, we arrive at our original discussion. The Magic Numbers Strategy. Here is the image of the EURUSD pair in the 30-minute time zone. Whenever you open your program, you will see this image. Tell me if you can predict without any tools, what will happen next in the next few hours? Probably no, unless you are a predictor or a lucky person, and if you want to continue in this way and stay ahead of Forex without any strategy or tools, you will soon lose all your capital. From my point of view, this is a very confusing picture. I always have to use tools so that I can reduce the risk of mistake in my deal and increase my winnings. A successful trader understands the impact of probabilistic science on Forex and try to use tools to increase the probability of wining trade.

We will make the image of the previous page more understandable by adding several Meat Trader tools. In the future, we will add more tools and indicators, but now…

  1. A separator of day that you see as a vertical dash.(F8>tick Show period separator )
  2. A 10 pip rectangle in green and a 20 pip rectangle in blue.
  3. Then we identify all the daily swing’s using the green rectangle in 30min Chart.

As you can see in the picture, in the daily downturn swing, we set the top of The upper side of the rectangle to the highest point. And if the price dropped by 20 pips, we will go into the sale position .10 pips down We put our TP at the lower side of green rectangle. Again this number only for EURUSD and they need to calculate once in a while . You will learn how in advance and professional part of this tutorial

For a better understanding of the method, please note this picture. In the first position, the price goes upwards 20 pips and hits our buy stop order, and we will go into the buy position. Right at the white point that is displayed with the black arrow. After about an hour and a half (3 candle), we hit our take profit target point and we’ll close the deal with 10 pip.

In the second deal, the price goes down 20 pips and hits our sales order and we get into the position of the sale. Right at the white point that is displayed with the black arrow. Less than half an hour hit our take profit point and we’ll close the deal with 10 pips.

You might think that ten pips are small, but believe that if you follow the fundamentals of capital management described in the advanced section, you will be able to quickly become rich with minimal risk. Even some trader looking for only 5 pips .

to check complete tutorial visit the home page https://myvistafx.com

The characteristics of a good trading strategy in Forex Market

A good trading strategy at least should have the following features

  1. Give you the exact entering point
  2. Give you the exact stop loss point
  3. Give you exact take profit point
  4. tell you how much money you should put in the trade by money management base on your balance.
  5. Clear risk to reward ratio
  6. May give you more profit chance
  7. Do not let you enter the market, until time is coming
  8. Get off your emotions and prevent you from entering emotional positions

In my opinion, a good strategy should accurately show you the point of entry or exit on the market, based on the pip. In this strategy, you can get better and more precise entry and exit points with the help of the indicators in the advanced section. In the meanwhile, you can reduce the likelihood of entering a risky deal.

Many strategies do not give you the exact point of entry and exit. While in this strategy you have to place your order at a certain point in the market, and the place of profit is exactly on the basis of the strategy and number associated with that currency pair. You will find out soon what I mean.

Please be careful. In the primary part we only work on the EURUSD currency pair and the numbers given are for this pair only. Please do not use these numbers for other currency pairs. In advanced and professional sections, I will teach you how to get these numbers for other currencies.

to check complete tutorial visit the home page https://myvistafx.com

The basic things that you should familiar, to use this strategy

In fact, I’m not going to teach you technical analysis or basic analysis or candlestick or moving averages, or support and resistance, or other things. You have to learn them yourself and there is a free source for them via the internet. I just intend to teach you the strategy that I use myself, in this Primary section and complete it in Advanced and professional section, so you fully understand it .

to check complete tutorial visit the home page https://myvistafx.com

Introduction The Magic Numbers in Forex

Forex Trading strategy for beginner that really work in a simple word

In the begging of my trading journey in Forex I lost many money. but I could see many people that are profitable in Forex. Some times, I told to myself that this market is completely base on luck, and I was very frustrated but  I did not give up.

I start to Read many books and watched many movies to find out why market moves and how it reacted to all fundamental news and technical analyzing .but still my stop lost hit and I wasn’t satisfy .

So I decided to think differently and tried to start from beginning. I started look at the price movements instead of try to us help of indicators to predicts next movements. I was sure that there should be very easy way ,that is hidden from eyes of most of the trader , and as you know most of the trader are loss the game. Finally I found one of the way and In the following I am going to share it with you but before that you should have some Basic knowledge. I already share it with some of my close friends and relative and they are exciting too

I read some where that ,Only about 5% of traders have clear ,Specific ,written trading systems and strategy & plans that they follow each day. The other 95% have Hopes, Dreams, Wishes, and fantasies , but not qualify trading system and strategy .And the great tragedy is that they don’t know their result are doomed.

to check complete tutorial visit the home page https://myvistafx.com