Simple Horizontal Line Trading H1

Hello everyone,

Let me introduce myself first,
I have been trading stocks for over 3 years and started trading Forex for 1 year.
This method is not a new method that I created, I just modified it from other trading systems to suit my own trading style.
I'm not a professional trader, I'm still in the learning process.

My strategy is to use H1 time frame, SMA 50 and horizontal lines rounding numbers 25 pips (000, 250, 500, 750).

Entry rules:

Long position:
- price above SMA50,
- Place a buy order at the horizontal line above the SMA50 (000 / 250 / 500 / 750), which is usually given 3 points above the horizontal line.
- Target 50 points, stop loss 30 points (R:R = 1 : 1.5)

Short position:
- Price below SMA50
- Pending sell orders located below the horizontal line of SMA50 (000 / 250 / 500 / 750), usually given 3 pips below the horizontal line.
- Target 50 points, stop loss 30 points (R:R = 1 : 1.5)

More rules:
-I will not trade when the horizontal line is close to MA50
- When price moves towards your target price (after 10-15 pips), move stop loss to BE+1 / BE+5

Here are some examples of charts I use.



In the next article I will show you how to enter a trade.

Welcome to leave a message and comment,

Fx-Ken