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Received an email form my FX broker (FBS.COM) about a guy who made $1,000,000 in just 40 trades.

Here's the exact article,

"Today I am going to tell you a story of a guy named Fred who managed to earn $1,000,000 with just 40 trades. Very impressive, I agree. Here is one of the strategies he suggests. It’s called a 30 pips a day forex trading strategy. You know that GBP/JPY is rather volatile currency pair that can make big swings (from 100-200 pips). So, our aim is not to capture all this price margin in the course of a trading session, but just 30 pips. Once we are done with embellishment of a story, we can proceed to real things – the description of the strategy.

“Key ingredients”:

Choose GBP/JPY currency pair
Switch to the 5 minutes’ screen
Add some indicators to your chart: 10 and 26 exponential moving averages (EMA)

How to trade:

If 10 EMA intersects 26 EMA and goes up, we are facing with an uptrend. If 10 EMA intersects 26 EMA and goes down, there is a downtrend. After we found the EMA’s crosses, we should identify traders’ action zone (a reversal zone, a zone of buying or selling depending or what the market main trend is). It occurs at the end of the minor rally in the dominant bullish trend.

Imagine that the market main trend is down, there could be some minor rally in a downtrend market. That price rally (short-term upward price move) usually ends in a traders’ action zone when the price starts falling in the direction of the main trend again. A similar in logic, but opposite situation also happens if the market is bullish.

Your actions in the case of a downtrend:

You notice that 10 EMA crosses 26 EMA and goes down.
You don’t sell immediately after the formation of the cross; you should wait for a retrace.
Then, you sell immediately when a candlestick gets into the traders’ action zone halfway between the 10 EMA and 26 EMA.
You place stop loss at 15-20 pips
Your take profit target is 30 pips

Your actions in the case of an uptrend:

You notice that 10 EMA crosses 26 EMA and goes up.
You don’t buy immediately after the formation of the cross; you should wait for a retrace.
Then, you buy immediately when a candlestick gets into the traders’ action zone halfway between the 10 EMA and 26 EMA.
You should place stop loss at 15-20 pips
Your take profit target is 30-40 pips"

That's it. No fancy indicators and complicated rules. Too good to be true, I know. After reading it I just did a back-test, and I think this is possible and achievable.
I'll start doing it on DEMO account and will update here.

Other members feel free to jump-in and to all new traders try it and see if it fits you. Obviously you don't have to choose GBP/JPY as your pair, upon little scanning I believe this will work on GBP/USD and GOLD too.

Feel free to comment if you think this strategy can be made more profitable. As for me, I'll add Stochastic as an additional confirmation since it's based on 5-minutes chart.

Source: https://fbs.com/analytics/tips/30-pips-a...ategy-1148

The GBPJPY can be explosive at the London opening. It usually stays in a narrow channel from the Tokyo session to the London session (3AM). If you trade the breakout at 3AM New York time, you can get 30 pips in a few minutes.

(12-28-2017 03:42 AM)uwa223 Wrote: [ -> ]The GBPJPY can be explosive at the London opening. It usually stays in a narrow channel from the Tokyo session to the London session (3AM). If you trade the breakout at 3AM New York time, you can get 30 pips in a few minutes.

Yes, that's right @uwa223. But problem is entry should be precise else instead of hitting the TP we will have most of it hitting SL.

Confused, why wait? see atachment...

Lol I can't see the atachment,

Beside GBPJPY. these other pairs generate lots of pips during the London session - GBPCAD, GBPAUD, GBPNZD, GBPUSD, GBPCHF. They stay in narrow channels from the Tokyo to the London open.

A breakout out the channel, accompanied by the ema cross would be a safer way to trade any of the crosses above during the London session. following the trend would also help.

(12-28-2017 04:19 AM)uwa223 Wrote: [ -> ]Beside GBPJPY. these other pairs generate lots of pips during the London session - GBPCAD, GBPAUD, GBPNZD, GBPUSD, GBPCHF. They stay in narrow channels from the Tokyo to the London open.

A breakout out the channel, accompanied by the ema cross would be a safer way to trade any of the crosses above during the London session. following the trend would also help.

Pretty much every GBP pairs produce lots of pips. With good strategy everybody will make good profit just by trading GBP pairs daily.
With that said I had sell position opened for NZD/JPY. Opened it yesterday and now I'm in GREEN pips. According to my fibonacci calculations it gonna be a long sell. But my target is 100-pips.

Thanks for the share, Sunny! :)

Is there any way to automate this?

Or create an alert (or indicator) when the criteria is met?

(12-29-2017 03:19 PM)luckyducky777 Wrote: [ -> ]Thanks for the share, Sunny! :)

Is there any way to automate this?

Or create an alert (or indicator) when the criteria is met?

I believe I have MA crossover alert EA somewhere in my HDD. I'll check it again if its still there. Try this instead and just check through their respiratory you'll find more there.


You can either buy or get the FREE version.

Here's a visual aid.

There is NOTHING wrong with simple approaches like this until you learn how to read price action (which is where all indicators -- including these Moving Averages -- come from).

goodbye trade accounts LOL