One of the best no-loss forex trading strategies is to always double your trade size. The same rule applies to selling. If you lose on a buy position, double the size of the next trade, and enter another one. Even if you lose again on a sell position, you will have gained more than you lost, and your net profits will outweigh your losses. It may seem counterintuitive to some, but this strategy is a proven winner.
Grid Scalping
When trading the forex market, you should learn about grid scalping. This strategy can work with any currency pair and requires only minimal changes to your trading system. In order to achieve the most of this strategy, choose currency pairs that move closer to the outer edge of their historical range. Before trading, calculate your maximum loss and make sure to have enough money to cover the worst-case scenario. As a rule of thumb, currency pairs with higher volatility are generally more profitable than those with lower volatility.
The most important part of the grid strategy is calculating your risk. It is difficult to predict market trends in choppy markets, and prices can consolidate in some markets. This can lead to trades that hit take-profit points and open stop entries. You should be aware of your risk level, so you know when to exit a trade if you are not sure of your strategy. A good rule of thumb is to double your position every 20 levels if the market moves against you.
Inside Bar Strategy
The inside bar is a common candlestick pattern that can be used for both trading trends and trading ranges. It is even one of the least-known and most-underestimated of all candlestick patterns.
You can optimize the use of the inside bar strategy by using chart patterns. Visual identification of inside bars will enable you to determine whether they are likely to break out in one direction or the other. You can also look for breakouts on other technical indicators, such as significant support and resistance levels, major Fibonacci levels, and pin bar formations. If you are utilizing the daily chart, you will only need a few minutes a day to check the price and place a pending order. After that, you can easily cancel it, allowing you to profit from the trade.
One of the most important rules of inside bar trading is to use it only when there is a strong breakout potential. Using it on the daily chart will give you better results than using it on the hourly chart. If you’re new to the Forex market, stick with the daily chart and practice the inside bar setup first. You’ll be glad you did. That’s because your first trades will involve only the most basic inside bar setups.
Trend Identification Techniques
In this no-loss forex trading strategy, you will use trend identification techniques to identify the direction of price movements. A trend is a pattern that consistently repeats itself over a period of time. It is usually determined by comparing the highs and lows of the market with the trend indicators. Traders should follow this pattern, as it will lead them to profitable trades. It is essential to follow a trend, as it is likely to lead to higher prices.
There are several popular trend identification techniques, including price patterns and pips. Pivot points are the average of the previous trading session’s high and low. These levels provide concrete entry and exit points for traders. However, these techniques can be inaccurate if the market is trending, as sudden news events, economic releases, and monetary policy changes can render them unreliable. In addition, trading opportunities at pivot points are rare during rotational or consolidating market conditions.
RSI
If you are considering RSI as a no-loss forex trade strategy, you may want to start with a small sample size and test it out for yourself. This strategy has been proven to be effective on most currency pairs and does not require expert knowledge of the markets or an in-depth understanding of technical analysis principles. The good thing about this strategy is that it works on all timeframes and currencies. Although the results are similar, the 4-hour chart has shown the best results.RSI is a technical indicator that is attached to the bottom of the chart and moves in and out of three areas. This creates three basic signals on the chart. The first formula has the “average gain” and “average loss” figures, which is the average percentage change over a time period of 14 days. This period smoothens out the results of the RSI calculation so that it is less volatile.
