Daily Charts Forex Trading Strategy That Pulls 100-500+ Pips Per Trade

Published: 03rd February 2011
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This is a daily timeframe strategy that can make hundreds of pips per trade for you without you having to spend hours staring at your computer monitor. Wake up in the morning, scan the charts on the daily timeframe, setup your trade and that's it. After that you are free to do whatever you want to do.

Let's discuss this Daily Timeframe Strategy. This Daily Timeframe strategy uses only two indicators. This is Bill William's Accelerator Oscillator (AC) and the Stochastic Oscillator. The Bill William's Acceleration/Deceleration Indicator (AC) measures the acceleration and deceleration of the current driving force.

Bill Williams is famous for his application of Chaos Theory to Trading plus his concept of fractals. Bill Williams says that before price behavior changes, momentum changes and before momentum changes, there is acceleration and deceleration. Knowing acceleration/deceleration can give you an advanced warning. This oscillator does exactly that.

Stochastic is an important oscillator that has two lines the %K and the %D. %K line is the main line and is colored dark while the %K line is shown dotted on the charts.

Let's start with our Daily Charts Strategy. Open the daily chart on any currency pair on your MetaTrader 4. Attach the Bill Williams Accelerator Oscillator (AC) to the daily chart. You can choose any color but for our purposes we will choose green as the value up color and red as the value down color. Grab and attach the Stochastic oscillator on the AC oscillator with the setting of 5,3 and 3.

These are the rules for entering into a long trade. The green AC is above zero and the Stochastic is above zero. When red AC is below zero and Stochastic is below zero, exit the long trade. These are the rules for entering and exiting the short trade. Red AC should be below zero and the Stochastic is below zero. When green AC is above zero and the Stochastic is above zero, exit the short trade. Enter a stop loss of 100 pips below the long entry and 100 pips above the short entry.

First practice this daily charts strategy on your demo account and see how well it works. After mastering it on your demo account, only then trade live with it.


Mr. Ahmad has done Masters from Harvard University. Download this Magic Breakout Forex Strategy FREE. Get this Forex Trading System FREE that makes 2,956.5% PM.

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