Daily Charts Strategy That Pulls 100-500+ Pips Per Trade


by Ahmad Hassam

This is a daily timeframe strategy that can make hundreds of pips per trade for you without you having to spend hours staring at your computer monitor. Wake up in the morning, scan the charts on the daily timeframe, setup your trade and that's it. After that you are free to do whatever you want to do.

Let's discuss this Daily Timeframe Strategy. This Daily Timeframe strategy uses only two indicators. This is Bill William's Accelerator Oscillator (AC) and the Stochastic Oscillator. The Bill William's Acceleration/Deceleration Indicator (AC) measures the acceleration and deceleration of the current driving force.

Bill Williams is a famous name in trading. He introduced the concept of fractals in his book Trading Chaos. What he said was the price change is preceded by momentum change that is preceded by acceleration deceleration. Whatever, we don't need to go much in the theory as our daily charts strategy is simple to trade with.

Stochastic is an important oscillator that has two lines the %K and the %D. %K line is the main line and is colored dark while the %K line is shown dotted on the charts.

Let's set the system up. Open your MT4 platform. Open any currency daily chart and attach the Bill William's Accelerator Oscillator (AC) to the chart. Choose Green as the value up color and red as the value down color or whatever colors you like, it doesn't matter. Attach the stochastic with setting of 5,3 and 3 on top of the AC oscillator.

Now follow the following rules for a long and short trades. When the green AC and the Stochastic both are above zero, enter into a long trade. When both read AC and Stochastic are below zero, exit the long trade. When both red AC and the Stochastic are below zero, enter into a short trade and exit when both green AC and Stochastic are above zero. Use a stop of 100 pips above or below the short or long entry.

Practice this Daily Timeframe Strategy on your demo account and see how easily it can make hundreds of pips per trade for you. Once, you have practiced this Daily Timeframe Strategy and mastered it on your demo account, you can trade live with it. Good Luck!

About the Author

Mr. Ahmad has done Masters from Harvard University. Download this Magic Breakout Forex Strategy FREE.

http://tradingninja.com/2010/06/magic-breakout-forex-trading-strategy-a-free-forex-strategy/

Get this Forex Trading System FREE that makes 2,956.5% PM.

http://www.ninjatraderblog.com/trading/2009/10/forex-trading-system-2/

Tell others about
this page:

facebook twitter reddit google+



Comments? Questions? Email Here

© HowtoAdvice.com

Next
Send us Feedback about HowtoAdvice.com
--
How to Advice .com
Charity
  1. Uncensored Trump
  2. Addiction Recovery
  3. Hospice Foundation
  4. Flat Earth Awareness
  5. Oil Painting Prints