3.46/5 (210 votes)

This strategy can be used as a scalping method as well as for long term trades. It uses 24 ema to look for bouncing back of the price and enter the market with a buy limit order. It is not 100% accurate but it has consistently been profitable and anyone can adapt the strategy to his or her preference.

3.29/5 (203 votes)

This strategy allows us to find the best price to buy when the price is low and sell when the price is high. As it is a scalping method, hence the currency pair EURUSD with the lowest spread is recommended. As with any other strategy, there is no holy grail so one has to be careful during strong trending market as this strategy tends to work better during range-bound market.

4.30/5 (314 votes)

In this system, we are looking for candle stick formation near the Bollinger band, in which the candle sticks are three consecutive bullish candles known as three white soldiers, and three consecutive bearish candles known as the three black crows. This system works best when the price has just bounced off the Bollinger Bands.

4.57/5 (324 votes)

This system uses three different EMAs indicator, Heiken Ashi Smoothed indicator and fractal indicator to enter a trade. The EMAs determine the trend, the Heiken Ashi Smoothed indicator is used for more visual confirmation and the Fractal indicator is used to confirm the breakout of the trend. If someone is in London zone, you will likely get the nice setups around 3 am and get a nice chunk of pips in a couple hours of trading. GBPUSD is a very volatile currency pair and has a nice daily trading range to make a few pips out of it.

4.80/5 (385 votes)

This method was derived after it has been shown to do well when doing backtesting of the historical data. It has a 1:1 risk reward ratio and it is relatively easy to use.

3.57/5 (381 votes)

This is a simple mechanical trade system to trade breakout from the high and low of the First Four Candles. Very easy to use and requires no indicators.