Our featured powerful strategy this week is called The Big Three trading strategy. This strategy will show you what the most accurate intraday trading indicators are, the best combination of indicators for day trading, swing trading and scalping, the most reliable technical indicators, and most likely is the best forex indicator strategy you will find.
These indicators are proven best forex indicators that most professionals use every single trade that they make. At the time, these NBA players were considered the three prominent super stars in the league. Because of that, they found great success winning two championships.
Our goal here is to teach you something that works and does not require hours of chart analysis on your part. Please note that is strategy does work the way we are going to show you, however, we get traders sometimes that tell us that they tweaked the strategy that we showed them. This is also fine! We all trade differently. We loving hearing your feedback!
The best forex indicator free downloads are to use these three indicators. They come standard on all trading platforms and are easily the best forex indicator mt4.
Apply all of the three moving averages to your chart like this:. Again these are 20, 40, period Simple moving averages. To do that simply look at where the price action is and determine if its above the moving averages or below.
If The market is flat and the price action is not making a new high or low and just saying stagnant…. Wait for the price close below lowest moving average in a downtrend:. Once you see this occur, you wait for the price to pull back and then move in the direction of the trend to make your entry. The price action does not have to necessarily go back and touch the moving averages which does occur but you need to confirm there was pull back in the price and then a continuation of the current trend.
In the example below, you can see that the entire candle closed above all three of the moving averages, pulled back in price action, and then continued upward.
I marked where you could have entered this trade. This was the bullish candle after a candle closed bearish. The reason that I prefer to wait for a break pullback and go is because statistically, the price will mostly always retrace during a bearing or bullish trend. For a more risky approach to this strategy, you could technically get in a trade right when the price breaks the highest or lowest moving average but this method may cause more harm than good.
The reason is that not every time it breaks these lines it is headed for a strong up or down trend. It did retrace, however, the price did not continue to go in the direction of the trend. Place your stop loss Below the bottom moving average line.
Depending on what time frame you are in will vary on how large your stop is. Your take profit is when the price touches the period line. You can tweak this rules as you wish, but we found the best way to push your winners with this strategy was to wait until the price touches the period line. Big Three Trading Strategy is extremely fun to use and trade with. It is not very messy on your chart because there are only three little lines to look at.
The moving averages are argubly the most popular forex indicators. If you prefer no indicators on your chart, check out our p rice action pin bar strategy. I look forward to hearing what you guys think of this strategy.
Thanks for reading and we hope to see you back! To get the Full Report of this strategy with other examples and other goodies to help you with this strategy, go here to get this free PDF Strategy Report.
Thank you for your for the Big Three Strategy. This is enteresting chart that i think will work. Thank yyou for thhe auspicious writeup. It in facct wass a amujsement account it. Loook advanced tto more arded agreeable fro you! However, hhow couuld we communicate? Love the Big Three trading stradegy.. I also use stochastic oscillater to give me more insurance.. Im finding 3 hour chart with 5 minute candles to be best for me…Keep up the great work..
Thank you so much.. Whats you take on these indicators? Do you think they are the best trading indicators? If not, what indicators do you use? I have tested the three moving averages and they work quite well when rules are followed. For sma 20 I change use bollinger band 20 and take profit if price touch midlle band because, if touch sma 80, only small profit. I test gbpjpy m5. This is why we love this strategy! So simple to learn and the indicator makes it almost effortless to trade.
I could go on and on going back in history about this but you get the point. Here are some key details about the strategy that you may want to know before we get started. Indicators Used most popular forex indicator Trading Indicators list: Step 1 of the Big Three Trading Strategy: Apply Indicators to Chart Apply all of the three moving averages to your chart like this: You can make them green, blue, red, pink, etc… The color is just your personal preference.
The Trend… Up or Down? To do that simply look at where the price action is and determine if its above the moving averages or below If the price is above the three moving averages you have an uptrend: However, if the price is below the three moving averages then you have a downtrend: Take a look at this below: Scalpers may have a tight pip stop While day traders will have a pip stop Your take profit is when the price touches the period line.
Conclusion Big Three Trading Strategy is extremely fun to use and trade with. Im gaining and will come up with a positive action soon. I will try this strategy. This is a good strategy to try. Will let yu know.
Thanks, we are glad you are finding success. Both backtesting and real-time testing the Big Three is showing very good results. Awesome Zeke, thanks for sharing. Will this strategy work for binary options?More...