SaneFx Trading strategy is a very simple trading method designed to trade in the foreign exchange market. This trading system uses only one custom indicator which looks like moving average. Yes, it is moving average but it changes color when the market changes the direction. By default, the SaneFx indicator’s period is set to 30 which are right for the daily and 4 hour time frame. The hourly chart works best at the period 20 and for the charts of 30 minutes and below, 16 is recommended. SaneFx trading strategy is different than others because it swings the odds in your favor by using a single, simple indicator that shows you the trend in existence here and now. This trading method is very versatile and adaptable- it can be used in a 1 minute chart to the daily charts.
One should understand the fact that there is no universal rule that guarantees the success in the market. In trading situations change from day to day and what was good yesterday may fail today. No mechanical system can define rules properly for spotting trading opportunities. One should have very good money management skills. It is often recommended by the experts not to risk more than 2% of your capital. Never chase your losses by increasing your lots or by taking a risky trade with the mindset of gambler. You should always keep in mind that trading should be taken as a long term way of making money. Do not risk this by acting like a gambler. Extreme self discipline is always needed to be successful in trading.
When SaneFx trading strategy is correctly installed on your system it should look like in the picture above. The secret to winning more trades using this strategy is- always follow the trend.
Buying Conditions Using SaneFx Trading Strategy.
- The market should be trending upward.
- Price should cross above the SaneFx indicator.
- SaneFx indicator should be green in color.
- Place your stop just below the recent swing low.
- You should take your profits when you see the price crossing the SaneFx indicator downside and the SaneFx indicator turns red.
Selling Conditions using SaneFx Trading Strategy.
- The market should be trending downward.
- Price should cross below the SaneFx indicator.
- SaneFx indicator should be red in color.
- Place your stop just above the recent swing high.
- You should take your profits when you see the price crossing the SaneFx indicator upside and the SaneFx indicator turns blue.
Open demo account to test this system.
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