Szeri and Nos Biggs Highlight: The One Bar And Go Forex Trading Method
This is a trading method that was created from the frustration of having to sit in front of a computer screen all day. Many want to do more in life than sit and watch Forex all day but also want to make daily income. Sure swing traders and other traders don’t have to look at a screen all day but it takes them days and even weeks to get paid. People need daily income. This system allows you to put in trades once a day and come back later in the day to check my results.
The highest probability that this process gives you the elusive “trader’s edge” is that you must use a small percentage of your account .5 % max on each trade, you have to have a tight stop loss and an acceptable take profit programmed.
What we find as good normalized targets are (zone to zone) based of about 50 pips every day with a 50 pip stop loss, this is a 1:1 ratio, which means that it takes an equal amount of trades to break even. I like this because trades are high probability trades and only .5% of an account balance on each trade.
Some refer to this system as the one bar and go because this is a daily bar continuation system. What that means is that you decide the direction of the market based on the close of the previous day looking for trending marketing with large bars in either direction. Trades are in the direction of the current trend. trades are made each NYC close when a new bar is forming to signify the new day.
After executing trades as a Pending Order or market order, you finish your evening with the family and then to sleep. Trade at most 10 currency pairs and if there are opportunities in all 10 currency pairs, then the pending orders trigger and make trades risking a max of 5% of my capital for the day.
Some have a high winning rate using this system and it is a rather carefree way to trade the market. It keeps you from making to many decisions and trading out of boredom. Since you go to sleep after entering trades, there’s less chance for you to second guess.
Check your trades when you wake up in the morning. Some will have hit target, some hit your stop loss and other times you wake up to trades that are losing a little or winning a little. However, this system requires a close of all trades that remain open.
The One Bar And Go Forex method is an easy way to trade the currency market. It has naturally built-in safeguards to protect you from overtrading and making too many mistakes. It also uses a money management system that will keep you in the game when things go wrong. This is a system that will make trading Forex profitable, easy and fun without the risks of other methods of trading. The caveat is this you must learn how to isolate directional bias. We teach “Directional Bias” identification as apart of our free course offering
