Simple Price Based Forex System

Simple Price Based Forex System is a very interesting strategy that utilises no indicators whatsoever, but only price levels and setting of pending orders. The strategy works on higher time frame charts (H1 and above) with any currency pairs and in all market conditions.

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The Forex Profit System

The Forex Profit System is a trend following strategy that uses only 2 types of technical indicators, i.e. the Parabolic SAR and the Exponential Moving Average (EMA). These indicators will indicate the direction of the market as well as be used for determining entry and exit points.

Here is how it works:

CHART SETUP

1. Setup a H1 USD/CHF chart. This is my favorite currency pair to trade because it swings up and down the most. You can choose any major pairs that you prefer as long as they have high volatility.
   
2. Insert the Parabolic SAR indicator and set 0.02 and 0.2 for its acceleration factor and constant respectively.
   
3. Insert 3 Exponential Moving Averages, i.e. EMA 10, EMA 25 and EMA 50, all with closing prices.

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The Forex Gap Strategy

The Forex Gap Strategy is an interesting trading system that utilizes one of the most disturbing phenomenon of the Forex market — a weekly gap between the last Friday's close price and the current Monday's open price. The gap itself takes its origin in the fact that the interbank currency market continues to react on the fundamental news during the weekend, opening on Monday at the level with the most liquidity.

This strategy is based on the assumption that the gap is a result of speculations and excess volatility, thus a position in the opposite direction should probably become profitable after a few days.

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