In the forex world simple things are hard to come by. Which is why we love this popular strategy from our users. It’s great for any skill level. And it also works. Some quick facts about this easy forex strategy:
- If you can use a computer, you can use this strategy
- New forex traders have posted great results
- Setup is simple and takes less than five minutes
- It’s fully automated so you have more free time
How It Came About
It began as a set of hints and tips for using Vader. Several users then built those into a simple trading strategy. Over the last six months it has become one of the top forex strategies out there.
Why It Works: Simplicity
Forex trading boils down to one basic question: Will the price go up or down? Vader’s answer to that question is “Let’s wait and see”. And it’s the core of this easy forex strategy.No need to get lost in forex mumbo jumbo. Vader simply waits for the price to make a clear choice using its Fibonacci levels. When the price breaks above or below the daily fib levels a trade is opened. It sounds simple but it works very well.
What You’ll Need For This Easy Forex Strategy
- The MetaTrader 4 Trading Platform
- The Vader Forex Robot
- 5 Minutes To Set It Up
If you don’t have Vader you’re in luck. We’re giving away an extra robot this week with every download.
Setting Up This Easy Forex Strategy
Let’s get started by opening MetaTrader 4. Open charts for EURUSD, AUDUSD and USDJPY. If you can’t trade these pairs use other low spread pairs instead. Attach Vader to all three charts using its default settings.You should now have three charts open with Vader loaded on them. Let the fun begin! Vader is a fully automated forex robot that doesn’t need anything else to work. Sit back and let Vader do its job.
Vader Has Things Under Control
You’ll want to leave MT4 running 24 hours a day while the market is open. Vader will find and manage forex trades for you. You can still trade alongside it if you wish. Or even run other robots. Just keep an eye on those account margins if you do.
P.S. Ready For More Pips This Year?
The truth is most forex traders won’t make it on their own. Using a forex robot can help you beat those odds. This easy strategy is a great step towards more pips and less frustration. And that’s a winning combo.