Hello my name is ebrahim i'm really happy i won 3rd place in strategy contest and i would like to thank dukascopy for that opportunity and good luck to all the traders .
i will talk about myself and explain the winning strategy i used last month .
i joined dukascopy community since 2011 and i decided to start trading in the same year and the reason behind that i always wanted to work in a job from home or any place in the world and be my own boss and forex give us that chance .
i won many times before in trader and social and binary and touch binary contests but this is my first time in strategy contest .
in trading i do trade on cross pairs more than the major ones like gbp/jpy and eur/jpy and i used the pair eur/jpy in last month in strategy contest .
i start to use the winning strategy since may 2018 and it took eight months to finally won .
and my advice to a novice is you have to learn on demo accounts and don't rush to open a live without making a good profits on demo first and in the beginning learn all kind of different analysis methods to find which one you like and also in the beginning try to avoid trading in fundamentals time and just keep watching the market during the important news until you learn how to trade during the news and try to make your own trading system and your own trading strategy and the most important part is you have to learn some rules about money management it's the most important part in trading .
and about the fear and greed i think the only way to beat your own fear and greed is to be like a robot in trading just make your trading strategy and practice a lot so you can have your own trading rules to enter a trade so when you find the rules appear on the chart just enter the trade without thinking because emotions and over thinking can make you do mistakes and of course your trading system have to be powerful and profitable one to be able to do that and beat your fear and greed .
explaining the winning strategy :
first the trading logic : this strategy works with the strong trend the powerful rally when the pair move with almost no correction and to try to catch that trend the strategy use the following indicators :
* two 10-sec SMA (10) + (90) lines cross over .
* RSI(7) for 4 Hour to choose long or short .
* ADX(14) for 15 MIN to make sure that it is strong trend .
* lot size 5m tp 300 sl 200 pips .
second how it works :
1- long trades when rsi (7) above level 50 and adx (14) for 15 min greater than 20 to determine the strength of the trend then wait the SMA (10) for 10 sec cross SMA (90) for 10 sec it place order if it is currently no orders and Only close orders when the profit is more than 3-10 point and SMA cross .
2- short trades when rsi (7) below level 50 and adx (14) for 15 min greater than 20 to determine the strength of the trend then wait the SMA (10) for 10 sec cross SMA (90) for 10 sec it place order if it is currently no orders and Only close orders when the profit is more than 3-10 point and SMA cross .
and here is some charts to explain the used indicators and the trading logic
i will talk about myself and explain the winning strategy i used last month .
i joined dukascopy community since 2011 and i decided to start trading in the same year and the reason behind that i always wanted to work in a job from home or any place in the world and be my own boss and forex give us that chance .
i won many times before in trader and social and binary and touch binary contests but this is my first time in strategy contest .
in trading i do trade on cross pairs more than the major ones like gbp/jpy and eur/jpy and i used the pair eur/jpy in last month in strategy contest .
i start to use the winning strategy since may 2018 and it took eight months to finally won .
and my advice to a novice is you have to learn on demo accounts and don't rush to open a live without making a good profits on demo first and in the beginning learn all kind of different analysis methods to find which one you like and also in the beginning try to avoid trading in fundamentals time and just keep watching the market during the important news until you learn how to trade during the news and try to make your own trading system and your own trading strategy and the most important part is you have to learn some rules about money management it's the most important part in trading .
and about the fear and greed i think the only way to beat your own fear and greed is to be like a robot in trading just make your trading strategy and practice a lot so you can have your own trading rules to enter a trade so when you find the rules appear on the chart just enter the trade without thinking because emotions and over thinking can make you do mistakes and of course your trading system have to be powerful and profitable one to be able to do that and beat your fear and greed .
explaining the winning strategy :
first the trading logic : this strategy works with the strong trend the powerful rally when the pair move with almost no correction and to try to catch that trend the strategy use the following indicators :
* two 10-sec SMA (10) + (90) lines cross over .
* RSI(7) for 4 Hour to choose long or short .
* ADX(14) for 15 MIN to make sure that it is strong trend .
* lot size 5m tp 300 sl 200 pips .
second how it works :
1- long trades when rsi (7) above level 50 and adx (14) for 15 min greater than 20 to determine the strength of the trend then wait the SMA (10) for 10 sec cross SMA (90) for 10 sec it place order if it is currently no orders and Only close orders when the profit is more than 3-10 point and SMA cross .
2- short trades when rsi (7) below level 50 and adx (14) for 15 min greater than 20 to determine the strength of the trend then wait the SMA (10) for 10 sec cross SMA (90) for 10 sec it place order if it is currently no orders and Only close orders when the profit is more than 3-10 point and SMA cross .
and here is some charts to explain the used indicators and the trading logic
