A lot of forex strategies are overly complex. So we want to focus on a clean and simple forex trade that Odin found on our charts this week. We’re talking about this majestic 186 pip forex trade on EURJPY. Odin finds trades like this one automatically every day. That’s what makes it an easy forex trading method for any user. Let’s dive in and take a closer look at how this trade came to be.
Odin finds the best entry and exit points
Odin was built over a period of several years. It relies on a very safe and accurate grid method of dissecting charts into patterns. By looking at chart highs and lows Odin can dissect patterns and their probability of recurrence. The end result is a very advanced piece of software that accurately trades the markets regardless of whether it is trending or ranging.
What goes up, must come down. And that’s exactly what happened on the 186 pip forex trade above. Odin spotted an overbought pair and found a good signal for reversal. But it doesn’t stop there. It also managed the order with a protective trailing stop to ensure that a market reversal didn’t knock out any gained profit.
An easy forex trading method for any account size
Most new traders get confused about what lot size they should be using. Odin takes the guesswork out of this by automatically calculating the safest possible lot size for your account. Which means it also has full support for micro, mini, and full lot sizes. So it works on any account size from $100 and up.
P.S. Forex doesn’t have to be so hard
Sometimes having the right tool for the job can make a world of difference. And in this case that tool is Odin. If you’d like a little help making some pips it is a great place to start. It handles everything including trading and money management.