Forex Simple Box - a box with a surprise

Greetings to everyone who decided to join us on this gloomy day. This time, the topic of today's forex video review will be the Forex Simple Box strategy by Rita Lasker, who has already been mentioned more than once on the pages of this blog.

The Forex Simple Box system appeared on the market a little over a month ago, but at first I thought it was just another piece of junk that Mrs. Lasker likes to indulge in. However, the abundance of positive reviews online about the strategy's results and users' requests to post the system drew my attention to this creation. So what is inside this very box? Shall we take a look ;) ?

1. We trade the EURUSD and USDCHF pairs, timeframe M15.

2. The blue box is drawn from 7:15 to 10:15 GMT (Greenwich time). As soon as the box finishes forming, we place pending orders, depending on the situation.

3. If the box is below the 200sma, we only sell:

We place two pending Sell Stop orders at the Low price (written below the formed blue box) and with a stop loss at the High level of the box. The take profit of one order is 20 points, and the other is 30.

4. If the box is above the 200sma, we only buy:

We place two pending Buy Stop orders at the High price (written above the formed blue box) and with a stop loss at the Low level of the box. The take profit of one order is 20 points, and the other is 30.

5. If the moving average crosses the box, we do nothing.

6. If the price is very close to the border of the Simple Box, not allowing pending orders to be placed, then simply buy or sell (depending on the situation) at the market price.

7. If at 21:00 GMT there are any orders left under the Forex Simple Box strategy, open or untriggered pending ones, we close them.

8. After 1 order closes by take profit (20 points), the stop loss of the 2nd order should be moved to breakeven. Unfortunately, I forgot to mention this in the video, sorry)) .

For more detailed information about the Forex Simple Box strategy, watch the video at the beginning of the post.

Platform: Metatrader 4

Currency pairs: EURUSD, USDCHF

Timeframe: M15

Operating time: in accordance with the strategy.

Because of the built-in Auto-Gmt function, the expert advisor cannot be run in the strategy tester. There are no monitoring records of real accounts available. The expert works in accordance with the rules of the manual strategy described above.

To increase profitability, Rita advises using Forex Simple Box Robot together with the auxiliary expert advisor Forex Trailingator. In this case, the following settings should be used:

For Trailingator:

For Forex Simple Robot:

Discussion of the strategy on the forum

Best regards, Pavel TradeLikeaPro.ru