The Lazy Trade Forex Trading Strategy is, in essence, a straightforward trend-following forex trading system. Its entry signals are provided in such a simple way so that everybody can understand it, especially beginner forex traders. Generally speaking, when the indicator signal bars of the system are blue in color, it means a bullish trend is considered. Similarly, the red color signal bars signal a bearish trend.
The Lazy Trade Forex Trading Strategy fits all kinds of timeframes and mt4 currency pairs. It is shown directly on the main trading chart. The settings are good but can be modified. Feel free to test the settings and parameters to fit your preferences.
How to use the Lazy Trade Forex 999Trading Strategy?
The primary indicator of the Lazy Trade Forex Trading Strategy is the Heiken Ashi Smoothed indicator. The system uses a different calculation method for defining the trend using Heiken Ashi candles. For high, it uses a 2 & 6-day Moving average; for low, it applies a 2 & 3-day MA. These Heiken Ashi indicator bars are plotted separately around the price to understand the ongoing trends better.
Buy Entry Signal
Follow these steps for a long trade:
- Heiken Ashi Smoothed candles changes from red color to blue
- It’s the blue color for three bars in a row.
- Price moves above HAS candles
- Buy-entry trade is triggered after the above conditions are met.
- Set stop loss(SL) a few pips below the triggering HAS candle
- Take profit(TP) or exit trade whenever the HAS candles turn red or use your preferred method of trade exit.
Sell Signal
Follow these steps for a short trade:
- Heiken Ashi Smoothed candles changes from blue to red
- It’s red for three bars in a row
- Price moves below HAS candles
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the triggering HAS candle
- Take profit or exit trade whenever the HAS candles turn blue or use your preferred method of trade exit
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
Set up the Lazy Trade Forex Trading Strategy in MT4.
Installation Guide
Download the Lazy Trade Forex Trading Strategy.zip at the end of this post, then copy and paste the forex indicators of the Lazy Trade Forex Trading Strategy into the MQL4 folder of the MT4 trading platform.
You can open this folder by clicking the menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators.
Furthermore, copy the template file into the mql4 templates folder to run the Lazy Trade Forex Trading Strategy. To proceed, right-click on an mt4 chart, then Template > Open Templates, and copy the Lazy Trade Forex Trading Strategy .tpl file into that folder. Next, select the file and click Open to load the system on your chart.
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Bottom Line
The Lazy Trade Forex Trading Strategy is worth adding to your trading collection. A good forex strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other technical forex analysis tool, it cannot provide accurate entry signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will change significantly depending on fx market conditions.
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