- Credits
- 80
"The opinions of most men are always wrong,
because most men are idiots."
Edgar Allan Poe
90% of Forex traders lose. We've all heard these sad statistics. Some will say that this is bad, others will say that it is fair, because 9 out of 10 new trades close later.
But what if we ask ourselves: “How can we make money from this?” What if there was a way to learn how to trade against these 90% of useless losers? A clear position + well-thought-out mathematics contain enormous power.
Features of the Supremacy trading strategy
Platform: Metatrader 4
Currency pairs: EURUSD, USDCHF, USDCAD, GBPUSD, AUDUSD , NZDUSD, EURJPY, AUDJPY, USDJPY , GBPJPY
Timeframe: D1
Trading time: once a day
The crowd is always wrong. Most traders lose. Both on the stock exchange and on forex. It follows that if we trade differently from other traders, we will be winners. Question: how do you know where this crowd is?
Modern technologies have made great strides forward, and now we have a wonderful service, Myfxbook, which is used by hundreds of thousands of traders from all over the world to monitor their trading statistics. And at the same time, traders trade not only all over the world, but also on almost all brokers. Those. We are not limited to the clients of one company, as in other data sources.
So, MyfxBook provides a summary of the positions of all traders on the page
https://www.myfxbook.com/community/outlook
1. At the close of the daily candle, go to the above website.
2. We analyze the data for the pairs specified in the characteristics of our strategy. We find pairs where the ratio of long and short positions is skewed by 60% or more in one direction. Those. for example, 65% sell, 35% buy.
If the position share of a pair does not have a skew of 60% or more in one direction, we ignore this pair.
3. In a pair/pairs with a strong bias in the position share, we open 2 orders in the opposite direction to the majority position.
For example, we have 70% short trades in GBPUSD, which means we will buy this pair.
On the D1 chart, we open a buy order at the current price and also place a limit buy order at the low of the last daily candle.
If the pair is biased towards buying, we sell at the market price and place a pending order to sell at the high of the closed daily candle.
And so on for all pairs where there is a strong bias towards selling or buying.
4. After 24 hours, at the close of the daily candle, close ALL orders and delete pending orders that have not worked, regardless of the size of the profit/loss.
because most men are idiots."
Edgar Allan Poe
90% of Forex traders lose. We've all heard these sad statistics. Some will say that this is bad, others will say that it is fair, because 9 out of 10 new trades close later.
But what if we ask ourselves: “How can we make money from this?” What if there was a way to learn how to trade against these 90% of useless losers? A clear position + well-thought-out mathematics contain enormous power.
Features of the Supremacy trading strategy
Platform: Metatrader 4
Currency pairs: EURUSD, USDCHF, USDCAD, GBPUSD, AUDUSD , NZDUSD, EURJPY, AUDJPY, USDJPY , GBPJPY
Timeframe: D1
Trading time: once a day
The crowd is always wrong. Most traders lose. Both on the stock exchange and on forex. It follows that if we trade differently from other traders, we will be winners. Question: how do you know where this crowd is?
Modern technologies have made great strides forward, and now we have a wonderful service, Myfxbook, which is used by hundreds of thousands of traders from all over the world to monitor their trading statistics. And at the same time, traders trade not only all over the world, but also on almost all brokers. Those. We are not limited to the clients of one company, as in other data sources.
So, MyfxBook provides a summary of the positions of all traders on the page
https://www.myfxbook.com/community/outlook
1. At the close of the daily candle, go to the above website.
2. We analyze the data for the pairs specified in the characteristics of our strategy. We find pairs where the ratio of long and short positions is skewed by 60% or more in one direction. Those. for example, 65% sell, 35% buy.
If the position share of a pair does not have a skew of 60% or more in one direction, we ignore this pair.
3. In a pair/pairs with a strong bias in the position share, we open 2 orders in the opposite direction to the majority position.
For example, we have 70% short trades in GBPUSD, which means we will buy this pair.
On the D1 chart, we open a buy order at the current price and also place a limit buy order at the low of the last daily candle.
If the pair is biased towards buying, we sell at the market price and place a pending order to sell at the high of the closed daily candle.
And so on for all pairs where there is a strong bias towards selling or buying.
4. After 24 hours, at the close of the daily candle, close ALL orders and delete pending orders that have not worked, regardless of the size of the profit/loss.
