The7 Trading System

Hello, dear traders, I am glad to welcome you once again to the forex portal! Many of us have heard the statement that profitable trades should be 3-5 times larger than losing ones. But who follows this principle in practice, honestly?
I am sure only a few do. Today we will examine the The7 trading system, which will show you in practice the full power of the rule  "Limit losses and let profits grow".

Platform: Any
Currency pairs: Any
Timeframe: D1
Trading time: Once a day, after the daily candle closes
Recommended brokers: Alpari, RoboForex

Successful trading with the The7 system is impossible without information on the following aspects:

Set ema 5 by High and ema 5 by Low on the chart. Enter short trades when a bearish candle closes inside the channel. It should open at the top, outside the channel. An exception is made for pin bars.

We do the same for long entries, changing the conditions for a bullish candle. We enter the market after a bullish candle closes, while its opening must be below the lower boundary of the moving average channel. Do not forget about pin bars.

The entry conditions are clearly visible in the screenshot below (click to enlarge).

Place the Stop Loss slightly below / above the Low / High of the signal candle.

Exit the market when conditions arise for an opposite trade. Moreover, the conditions for entering the opposite trade must be fulfilled completely (see the description of additional filters below).

In addition to the main conditions for entering a trade, we also watch candlestick patterns and levels, carrying out additional filtering.

The optimal risk level is 1-2% per trade. With the The7 trading system, you will get quite a lot of small losing trades. Therefore, risking a large lot in one trade is simply foolish.  It is entirely possible to have 3-5 losing trades in a row, and that is normal. Watch the video and you will see that just 1 profitable trade covers many losses. So let us not do foolish things and set a sensible lot.

You can calculate the position size according to the risk expressed as a % of the deposit using the Master Money Bot tool.

The The7 trading system is based on the classic trend-following model. It will never become outdated, can be used on any instruments, and the logic underlying it is clear even to a child. Therefore, you have every reason to be confident in long-term success with this forex strategy. All that is required of you is competent management of risk, emotions, and the ability to recognize Price Action patterns. And 15 minutes a day for chart analysis ;)

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