No Stop Loss Forex Trading Strategy

This is a No Stop Loss Forex Trading Strategy.  Its just an idea that if you know how to code an MT4 expert advisor, you can follow the trading rules below and see if its profitable in the long term or not.

Trading without a stop loss is really dangerous in my opinion so do not try this no stop loss forex system with a live trading account.

You can use any currency pairs and any timeframes above 15 minutes.

 

Forex Indicators Required

A 7 exponential moving average and the 14 exponential moving average.

Here’s how they work:

  • when 7 ema crosses 14 ema to the upside, that’s an uptrend, so you only look to buy
  • if 7 ema crosses 14 ema to the downside, that’s a downtrend, so you only look to sell.

Easy?

Selling Rules

  1. Watch to see if ema 7 crosses 14 ema to the downside.
  2. next thing you do is to sell at market, at the close of any BULLISH(GREE)candlestick that makes a higher low. And you do that for as many candlesticks that satisfy this condition after the ema crossover to the upside.
  3. You exit all of your trades once you see a bullish candlestick close above the 14 ema line.
  4. You do not need to place a stop loss.

See chart below for clarity:

No Stop Loss Forex Trading Strategy

Buying Rules

  1. Watch to see if ema 7 crosses 14 ema to the upside
  2. next thing you do is to buy at market, at the close of any BERISH(RED)candlestick that makes a lower low. And you do that for as many candlesticks that satisfy this condition after the ema crossover to the downside.
  3. You exit all of your trades once you see a bearish candlestick close below the 14 ema line.
  4. You do not need to place a stop loss.
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See the buy setups below for more clarity:

No Stop Loss Forex Trading System

Reminder!

  • do not try this using your live account
  • it is  very high risk trading system but also a high reward if trades go as planned.

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