The Simplest Forex Strategy

Yes I have. I think most indicators can be helpful in one point or another to help you determine price action direction. I have been trading for years now (3+) and one of the things i notice is price has its own nature. It is very hard to predict and most indicators lag. I like the Zig Zag strategy a lot and I've been trying it ever since I started this thread. It hasn't been easy and through trials and errors and do to a believe that this indicator works.. I have been able to stick with it. Now it starting to pay off and it has launch me to what I think is the second level of my trading career.

When I started trading with different methods.. my trading never got hire than 30% a month. I win some and then lost it again. Now I feel more confident and I am having better success.

I competed last month on myfxbook fxcm trading contest and I did 29th place finishing with about 80%.

https://www.myfxbook.com/members/wilfredoaa/contest-wilfredoaa/126152

After the contest was over I started another demo account and I am very close to doing 50% a little past half of the month is over.

https://www.myfxbook.com/members/wilfredoaa/zig-zag/143235

So my advise is if you really believe in an indicator stick with it. It paid off for me.

I came across an indicator called Heiken-Ashi chart which calculates the trend momentum and improves the results of the candlesticks. The candlestick chart does look clearer and maybe can help us to pin point the highs and lows more accurately. Have you try it before?

Yeah. Two things you need to keep in mind.. Ranges and Trends. Because of these two things is really impossible to get the hi and low of movements plus if you add time frames to the mix of the equation it gets crazy. I try a lot of indicators even the Heiken-Ashi but now I just restrain myself to only using zig zag because is become more clearer for me to use. Remember rather than finding out which indicator gives the best entry or exit ask yourself what is a solution to a ranging market and what is a solution for a trending market. I believe this is key and zig zag can help you educate you about it.

Guys and Gals, check out my current demo account discusion https://www.myfxbook.com/community/trading-systems/zig-zag/152510,1

amazing results!

only one question: will the zigzag indicator repaint the last line which is already drawn? if so, how to handle it?
and Williams, the trading records look like that your system is already changed? not in 4h timeframe? to 15m? and the enter/exit rules are still the same?

the system evolved.. and now the zig zag doesn't repaint unless is n m1 length 1 for example.... if price is pushing then it might.. but is doesn't normally do it.

Guys if you have facebook don't forget to add me as a friend.. https://facebook.com/tradersforex

could you explain your evolved system?

I am learning new things about the indicator..

Follow me on twitter to get free signals https://twitter.com/uforextrader

Risk Disclaimer

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This is for educational purposes only.