![]() However, the recommended timeframe is rather long, and so, signals are sent quite rarely. ![]() It suggests quite short stop losses (SL) and take profits (TP). However, Internet resources suggest different recommendations concerning the Bali trading strategy.Īccording to the developer, Bali is a scalping forex strategy, or at least, it is designed for short term time frames. This strategy is quite popular, at least, you can find its description on many trading websites. If you have any questions, feel free to ask them in the comments! It explains how to launch these templates in real trading and start making money with LiteFinance! If you are interested in a strategy, open a demo account with LiteFinance, and follow the recommendations given in this overview. Note! The description of each strategy contains its template with indicators and a brief instruction for their installation. At the end of the article, there is a separate section devoted to practical recommendations.You just need to find individual parameters for indicators suitable for a particular asset or a current market situation. If you do not like the backtesting or the performance on a real account, the strategy may not be a fail. The suggested setting and recommended levels to put pending orders are nothing more than a recommendation. Important! These strategies make up a basis to develop your own forex trading strategy. Three most profitable Forex trading strategies Trading strategy based on the fundamental analysis.Trading strategy based on Fibonacci retracements.Trading strategy based on technical analysis and price patterns.Trading strategy based on moving averages.Trading strategy based on Bollinger bands.Trading strategy based on technical indicators.Trading strategies can be based on various tools. Three most profitable Forex trading strategies.The article covers the following subjects: But it mustn't contain any unjustified elements. It doesn’t mean that even the best forex trading strategy can’t be changed. Your trading strategy will prompt you when you need to enter or exit the market. You won’t try to guess when to enter or exit a trade. ![]() Your trading strategy should be suited for any situation. Your forex strategy will tell you what you should do in various changeable market conditions. The market is hard to predict, and it often results in trading mistakes. If a trader follows it strictly, he/she will avoid many mistakes. A trader faces high risks without using any system or plan. Profitable Forex strategy is an instruction. First of all, when you select your forex strategy you gain greater clarity of the trading process, which helps minimize trading risks. Every trading manual or instruction insists that a trading strategy is necessary for successful trading.
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