Lazy Trader System - let laziness win
Hello, fellow traders! In the USA there is a saying "Don't work hard - work smart", which translates as "Don't work hard, work smart". I already said that for successful trading on forex you DO NOT NEED to stare at the monitor for hours every day. But people do not want to hear about anything except minute charts...
The Lazy Trader strategy is aimed at placing and closing orders only TWICE A WEEK, while the rest of the time you can devote to rest, family, and entertainment. It is quite difficult to lose with this system if you have a calculator and a brain. But I am sure the most stubborn losers will think of something :)
Characteristics of the Lazy Trader forex strategy
Platform: Any
Currency pairs: GBPJPY, AUDJPY, EURJPY, CHFJPY, CADJPY
Timeframe: H4
Trading time: we open / close orders at the beginning and at the end of the week
Recommended brokers: Alpari, RoboForex
Knowledge base
- What pending orders are
- The correct H4 candle closing time
Concept
If you look at the chart of one of the pairs with the Japanese yen (see the list above), you can notice straight, but short-lived trends. Sometimes they last long, sometimes not, but within one week one direction of price movement often dominates. We will use this pattern.
clickable
Entry rules
1. At the beginning of the week, wait for the first four-hour candle to close.
2. Place pending Buy Stop and Sell Stop orders 20 points above the High and 20 points below the Low of this candle.
Stop-Loss and Take-Profit
The stop-loss is placed at the level of the opposite order. The take-profit equals the stop-loss multiplied by three.
Additional
- When the order reaches a profit equal to the stop-loss, move the stop to break-even (move the position stop-loss to its opening price).
- After the first order is activated, we DO NOT DELETE the second order!
- At the end of the week, delete / close all orders, regardless of their profit / loss.
Risk level recommendations
In 1 trade, we DO NOT RISK more than 2% of the deposit. If you do not agree with this and want to open larger positions, then fill out a special application form. They will contact you.
Conclusion
The Lazy Trader strategy is simple and profitable. Its advantages:
- Trading takes only 30 minutes per week
- There is no need to monitor indicators
- Average profit is several times greater than losses
- It is easy to verify the results on historical data
The hardest thing for most people will be not to abandon the TS after the first losing trade. Few people are capable of seeing beyond their own nose, so 90% of traders will always lose on forex. And that is normal.
Respectfully, Pavel TradeLikeaPro.ru
The Lazy Trader strategy is aimed at placing and closing orders only twice a week, while the rest of the time you can devote to rest, family, and entertainment.