Right now is a glorious time to be a forex trader. The charts are ripe with easy pips. We’ve spent the last few weeks testing the best forex strategies that are having the most success in today’s markets. And we’ve nailed it down to three best forex strategies. These are making real pips for real traders. We’ve also include some tips to start using them quickly.
Best forex strategy overall: Grid trading
Grid trading has been around forever. It’s highly reliable but also very complex without software. Thankfully Odin does all the hard work for us with its new code just released in 2020. It works by assigning quadrants to a section of your forex charts. Then it gives each quadrant a probability value based on how many times the price has been there before. Using these values we can see where the price has been and where it is likely going.Because the grid is dynamic, this forex strategy works well in both trending and ranging markets. It is one of the best forex strategies for volatility too. It quickly eliminates most spikes from news or other one-time sources. Odin is currently a very popular robot that trades this reliable grid strategy for you on any forex chart. And it’s really good at what it does.
Most trades: Fibonacci strategies
Vader uses an advanced Fibonacci system to pinpoint fresh price movements coming and going. Each day it draws a center line and fib levels outward in both directions. Vader can accurately predict movements as they happen using these levels combined with its trend detection system. The fib levels also act as easy stop loss and take profit levels. All of this is full automated and handled for you.This unique strategy allows Vader to finds quality trades as they move both away from and towards the middle line. This often leads to double dipping as a move rallies in one direction and then falls back to center at a point of support or resistance. It’s a great strategy for the current markets. And it’s killing charts right now.
Most reliable: Trend strategies
The trend is your friend more than ever this year. If you manage to get in early on a solid trend you can walk away with a load of pips for very little effort. The hard part for most traders is finding trends or trend based strategies that actually work. What trends are worthy? And how do you know when to exit? The answer is easy: Ganon.Ganon takes one of the most profitable trend based strategies ever and piles on features that only an expert advisor could handle. It eliminates chart noise to find the trends that matter. Then it opens trades and manages their profit automatically. It’s the quickest way to start finding quality trend trades tonight. And it is working really well right now.
Runner up: Breakout strategies
The more forex trades you have open, the higher the risk of loss. So wise traders go after the biggest forex trades and skip the small frys. Breakout strategies go hand-in-hand with this mentality. They use price boundaries to get in on huge surges of movement when they happen. You can use Reaper to do this for you with great accuracy.Reaper is an automated breakout trader that is very simple to use. It takes a well tested breakout strategy and amplifies it with automated expert advisor features. It watches for price breakouts 24 hours a day so you never miss the action due to sleep or having a real life. And it gets you in on breakout trades right as they happen. That means more pips and less work. Best of all, it automatically detects the current market type and adjusts its settings.
Runner up: Price action strategies
Throw those technical indicators out the window and start trading “organically”. Sounds great, right? Unfortunately not many forex traders ever really get a firm grasp on using price action to find trades. We don’t blame them; it’s very hard. However it is a wonderful strategy right now and you should definitely try it out.Since we don’t have the patience to manually trade price action strategies, we use the next best thing. Falcor is an automated price action expert advisor that just works. It uses no-lag indicators to spot big movements on any forex chart. No need for manual trading, studying candles, or guessing entry points. Just quality price action trades without spending years learning new skills. See what we mean below:
Start using one of these best forex strategies today
Learning to trade a new forex strategy can be hard. So use the software versions of the best forex strategies above to cut out the learning curve and increase your pips. Expert advisors let you start trading these forex strategies in minutes. And that’s exactly what you need to improve your forex trading tonight.