Intraday Surfing Strategy - Simple and Clear Profit
What do we expect from a strategy for intraday trading? Early yet reliable entries, maximum profit from one trade, and clear rules understandable even to a beginner. Also versatility, so that you can trade on any platform, even from a smartphone. Many also expect 100500 trades a day, but this problem is solved by increasing the number of traded currency pairs.
And all these criteria are met by the Surfing trading system, which has gained considerable popularity on our forex forum. Today we will devote a separate video lesson to it.
Characteristics of the "Surfing" Forex Strategy
Platform: Any
Currency pairs: Any
Timeframe: from M15 and higher
Trading time: around the clock, for intraday trading - the London session and the start of the American one
Recommended brokers: Alpari, Roboforex
Reference Section
- Installing strategies
- Renko charts
- Pending orders on Forex
- Installing and working with expert advisors
- Divergences on Forex
Entry Rules
Buy entries:
1) The candle close point (Close) is above the green moving average 20 EMA.
2) RSI crossed the 55 level from bottom to top
3) The main RSI line is above 10sma
Sell entries:
1) The candle close point (Close) is below the red moving average 20 EMA.
2) RSI crossed the 45 level from top to bottom
3) The main RSI line is below 10sma
We always enter with pending orders, slightly above (for buys) / slightly below (for sells) the High / Low points of the signal candle.
Stop Loss and Take Profit
We place the stop loss slightly below the red 20 ema for buys. For sells, slightly above the green 20 ema.
To exit a trade, you can use the reverse crossing of the RSI and the average, or an opposite signal. However, the most optimal option is to manually move the stop loss following the dotted averages. Behind the green one for buys, behind the red one for sells.
Additionally
- The Surfing trading system can also be used on Renko charts; see the video at the beginning of the article
- When analyzing the chart, you should pay attention to divergences between RSI and price.
- To manage the position, you can use the auxiliary Trade Manager expert advisor (included in the archive with the system)
- For experienced traders, adding to a position is possible on pullbacks to the dotted lines
- It is also recommended to move the stop loss to breakeven when profit reaches 3/4 of the stop loss.
- The best time for entries is the London session. Entries during the American session are less effective.
Download the Surfing Forex Strategy Files
Best regards, Pavel
TradeLikeaPro.ru
What do we expect from a strategy for intraday trading? Early yet reliable entries, maximum profit from one trade, and clear rules understandable even to a beginner.