I started researching all extremely succesfull traders and they strategies that I found published and verified.
- They avoid mainstream rules (basically those are the only rules you wil find learning FOREX online)
- They do not follow media (fundamental trading)
- They trading may be used on any instrument, as rules are universal
- They follow Zurich axioms ( limitless upside VS. limited loss, chaotic market, exit theory)
- They trade to win, therefore stop loss is not used
- Often times they use indirect and direct hedging to avoid drawdown
Rebel is direct hedge forex strategy. Loss is managed by using same trade size to opposite direction. Of course this requires superb timing as bad timed trades can often lead to difficult situations. This strategy was profitable and I was trading it with sucess until developing my Eve strategy. Rebel strategy is difficult to trade. It require huge amount of concentration over long time, and there are no days off, not even the nights off. On the other hand, Eve is pleasure to trade.
Trading rebel strategy I was able to quadruple small accounts, wihout even trying.
I traded my rebel strategy on account of only 300 USD, just to prove some points:
- Hedging is extremely efffective.
- Stop loss is not necessary for safe trading.
- You can do it Even on small account.
Rebel strategy was profitable but it had some issues. Most of the time I knew where the price is headed and opening hedge positions felt counter productive. When trading many pairs It looked like complete chaos.There was a possibility that I open two opposite positions far from each other and price will move to the middle between them and market will not give me a chance to close either one of them in profit for months or years.
My creation:Eve strategy – best forex strategy you have ever heard of
While trading rebel, my next baby - forex strategy was born. I named It Eve. Eve is beautiful, ellegant, agressive and extremely profitable. This strategy matches results of any strategy I have ever heard of. Eve is one of my best strategies so far.
How I trade Eve strategy:
I define price in daily, weekly, and monthly timeframe. Is the price high or low? Do I see it rising or falling ? Is the price ranging or trending ? I use following tools to identify this: Patterns, support and ressistance levels and most importantly price itself. Then I move to 1H/4H timeframe and I look for entry. When I enter the trade I do so with only a small portion of intended position size. I always trade 10 + currency pairs for indirect hedge. however In rare situation I may use direct hedge. Every dollar I make reduces the risk (more money to hold same position). So far it made 50 000 pips and 1000 percent in profit (On this specific account). The best part is I am willing to let you copy it. Do not forget that Iam reading charts daily for over eight years and Iam able to read them with high level of competence. Learning curve cannot be skipped .