100 Pips a Day Forex Strategy
Breakeven in trading works by you moving your stops from your first position into your entry position once the price has moved in support of you.
If trend turns around on you, it will stop you out at your new 'Breakeven' stops and you won't lose any cash.
As should be obvious from the demo video, each buy-sell signal generates at least 100 pips on the H1 timeframe. So the strategy is straightforward and beneficial,
take 100 pips of profit from each purchase sell signal and move the stop loss to entry price (breakeven).
Indicators
EasyTrendFollower indicator
Time Frame
1 Hour Only (very important!)
Pairs
Any pair appears to work as this is strictly technical analysis.
Sell Entry Rules:
Enter a sell in the market if the EasyTrendFollower forms a red descending pointing arrow that is set above price bars,
it is a sell signal.
Stop Loss for Sell Entry:
Place stop loss above HL (see picture below)
Take Profit:
TP 1: 100 pips | TP 2: 200 pips | TP 3: 400 pips
When to Exit:
1)- If take profit 1 is hit then close 60% of the initial position and move the stop loss to entry price.
2)- If take profit 2 is hit then close 20% of the initial position and move stop loss to take profit 1 level.
3)- If take profit 3 is hit then close 20% of the initial position and move stop loss to take profit 2 level.
2)- If take profit 2 is hit then close 20% of the initial position and move stop loss to take profit 1 level.
3)- If take profit 3 is hit then close 20% of the initial position and move stop loss to take profit 2 level.
Sell Trade Example
Long Entry Rules:
Enter a buy in the market if the EasyTrendFollower forms an upward-pointing blue colored arrow beneath price bars, it is a purchase signal.
Stop Loss for Buy Entry:
Place stop loss above LH (see picture below)
Take Profit:
TP 1: 100 pips | TP 2: 200 pips | TP 3: 400 pips
When to Exit:
1)- If take profit 1 is hit then close 60% of the initial position and move the stop loss to entry price.
2)- If take profit 2 is hit then close 20% of the initial position and move stop loss to take profit 1 level.
3)- If take profit 3 is hit then close 20% of the initial position and move stop loss to take profit 2 level.
2)- If take profit 2 is hit then close 20% of the initial position and move stop loss to take profit 1 level.
3)- If take profit 3 is hit then close 20% of the initial position and move stop loss to take profit 2 level.
