Monthly Profit - Daily Trading using SMA

1. SMA 5,0
2. BB (optional)

Time required - just 15 minutes per day after D1 close when new candle starts.

1. Lower time frame charts, even H4 are unreliable.
2. Risk - Even if the settings are 100% correct, do not hold more than 5% of the account value and do not hold multiple positions in the same currency (maximum 2)

1. Bulls - SMA line upward direction
2. Bearish - SMA line is down
3. Ignore - Flat SMA Line

Entries

1. Long - When the body of the previous D1 bull candle has clearly crossed the SMA and has not touched the upper BB rail.
2. - When the main body of the previous D1 bear candle has clearly crossed the SMA and has not touched the BB lower rail.

See #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217

1. High (+15 points) / Low (-15 points) of the previous candle, if the candle is too short then you can move to T-2 candle.

Take profit/exit

1. Hold 2 positions with the same setup and close the first setup after taking profit for the day and leave the other setup running forever
2. Follow the S&R and continue moving the SL for the second setup
3. You can exit when the candle touches/crosses the BB top/bottom line.
4. As part of the 1:3 strategy, you can exit from the second position if you get at least 3 candles in profit.
5. If the setup goes in the opposite direction, you have to exit at breakeven.

I request you all to try and share your results, whether positive or negative , here's why

1. Traders will be motivated when they see your positive results
2. Traders will stay away if they see your
3. Assuming all traders try this strategy, it will force the setup to follow the direction we want
4. We will help traders who have never made a profit
5. We will help retired/unemployed people make money
6. We will help new traders survive in the market, the list goes on...

You can try this strategy on old charts, good luck!

Disclaimer: Use of this post/advice is at your own discretion and risk and you will be solely responsible for any losses!