Hello, dear traders, I am glad to welcome you in the forex portal!Many of us have heard the saying that winning trades should be larger than the losing by 3-5 times.But those who follow this principle in practice, just be honest?
I am sure that one.Today we will analyze The7 trading system that actually demonstrate the full power of your rules «limited losses and let profits run» .
Features forex The7
Strategy Platform: Any
Currency Pairs: Any
Trading Hours: Every day, after the closing day candles
Recommended DC: Alpari, RoboForex
Successful trading on the system The7 impossible without information on the following aspects:
- levels of support / resistance
- Pin bars
- Model absorption
- «correct» the daily charts
Set onschedule 5 ema ema and on High 5 to Low.We go to the sale, when bearish candle closes within the channel.It should open at the top, outside the channel.An exception to the pin bars.
similarly act at the entrance
Visually conditions inputs can be seen in the screenshot below (click increases).
Stop-loss set just below / above the Low / High signal candle.
Exit from transactions
exit from the market in the event of the conditions for opposing the deal.Moreover, the conditions for entry into the opposite transaction must be carried out completely (see. Additional filters description below).
Besides the basic conditions for entering a trade, we also follow the candlestick patterns and levels, spending additional filtering.
- If the warning candle has a long shadow in the direction of the transaction (or both ends) - not enter .
- If the warning candle touches both channel boundaries - not enter .
- If the price path is very close to a support / resistance level, either round price level (1.3100, 0.9000, 1.5000, etc.) - not enter .
- Pin Bar, absorption model, the availability of support / resistance level as a support - confirming the factors that increase the signal.
- can not close at the weekend position.
optimal risk level - 1-2% per trade.According to the trading system The7 you'll get a lot of small losing trades.Therefore, a large lot to risk per trade is just silly.It may be a 3-5 losing trades in a row - this is normal.Watch the video and you will see that only one profitable trade covers a lot of losses.So we do not do stupid things and set a reasonable lot.
Calculate the size of the position in accordance with the risk, expressed in% of the deposit, you can use the Master Money Bot tool.
trading system The7 is based on the classical model of trend following.It never gets old, can be used on any of the instruments, and the logic behind it is based, understandable even to a child.Therefore, you have every reason to be confident in the long-term success of this forex strategy.All that is required of you - competent risk management, emotions and the ability to recognize patterns Price Action.Well, 15 minutes a day to analyze charts 😉
Download a template strategy The7
Important!Nuances of the installation in new builds Metatrader 4