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    Basic Rules of The X-Ray Strategy

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    Arp Pit
    1. Only trade in reversal zones and do not enter the market between zones. Look at larger time frames like H1 to identify trends and levels before looking for signals on smaller time frames like M5. 2. Always use a stop loss and aim for precise entries rather than multiple imprecise entries. Keep a trading diary to analyze your transactions and only risk a maximum of 8% loss per day before taking a break. 3. Follow the strategy of targeting 30-40 pips daily profit and closing positions once achieved. Focus on developing the right trading mindset and experience over making instant money.

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    Basic Rules of The X-Ray Strategy

    Uploaded by

    Arp Pit
    138 views2 pages
    1. Only trade in reversal zones and do not enter the market between zones. Look at larger time frames like H1 to identify trends and levels before looking for signals on smaller time frames like M5. 2. Always use a stop loss and aim for precise entries rather than multiple imprecise entries. Keep a trading diary to analyze your transactions and only risk a maximum of 8% loss per day before taking a break. 3. Follow the strategy of targeting 30-40 pips daily profit and closing positions once achieved. Focus on developing the right trading mindset and experience over making instant money.

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    21. Basic Rules Of The X-Ray Strategy

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    1. Only trade in reversal zones and do not enter the market between zones. Look at larger time frames like H1 to identify trends and levels before looking for signals on smaller time frames like M5. 2. Always use a stop loss and aim for precise entries rather than multiple imprecise entries. Keep a trading diary to analyze your transactions and only risk a maximum of 8% loss per day before taking a break. 3. Follow the strategy of targeting 30-40 pips daily profit and closing positions once achieved. Focus on developing the right trading mindset and experience over making instant money.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    138 views2 pages

    Basic Rules of The X-Ray Strategy

    Uploaded by

    Arp Pit
    1. Only trade in reversal zones and do not enter the market between zones. Look at larger time frames like H1 to identify trends and levels before looking for signals on smaller time frames like M5. 2. Always use a stop loss and aim for precise entries rather than multiple imprecise entries. Keep a trading diary to analyze your transactions and only risk a maximum of 8% loss per day before taking a break. 3. Follow the strategy of targeting 30-40 pips daily profit and closing positions once achieved. Focus on developing the right trading mindset and experience over making instant money.

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    © All Rights Reserved
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    Download as pdf or txt
    of 2

    1.

    In the middle of the price movement "between the sell-reversal zone and the
    buy-reversal zone" there are no entry points! Only trade the most accurate setups in
    the reversal zones!

    2. The larger time frame is more important. First, I look at H1 and identify the
    direction of the Trend. Draw the levels and reversal zones. Then look for an entry
    point or wait for a signal on the M5 time frame.
    3. Trading without a stop loss is prohibited!
    4. Better a more precise entry (above / below) than 2-3 imprecise entries.
    5. Keep a "trading diary" (take screenshots of all your transactions and explain why a
    position was opened/closed? Why such a stop-loss? Etc. You should analyze your
    diary two times a week!
    6. If the loss is more than 8% in one Day, you should temporarily stop trading. Come
    to rest and analyze all of your mistakes and thoughts. Be sure to analyze every failed
    entry!
    7. If the price is moving sharply in one direction, do not enter the market. "No
    additional movements".
    8. According to the strategy, the daily profit goal is 30-40 pips. If you already have
    made the required profit, you can close all positions and relax.
    9. The main thing is that the mathematical expectation of your profit is reasonable.
    1 : 1 bad 1 : 1.5 satisfied
    1 : 2 – 1 : 3 good 1 : 4 very good
    10. Focus only on one currency pair!
    11. A maximum of 1-2 transactions per Day. Visually train the entry point accuracy on
    historical data.
    12. Treat the results of transactions as statistics! There shouldn't be any emotion
    when you get a stop loss. The same goes for your profit! We, as traders, have to see
    ourselves as robots that guarantee the functioning of the trading system. One of the
    most serious psychological mistakes in becoming a successful trader is the
    retention/relation to the money. The goal shouldn't be to make money instantly. The
    goal should be developing the right thinking and the right experience. This is the
    correct approach to trading and it will make you more money in the long run.
    13. Daily check of the economic calendar. It is better not to open a trade 20-40
    minutes before the major news gets published!

    Here I have come to the end of describing all the trading tools and the trading logic.

    Now let's summarize a few things.


    All of these entry rules that I explained above, how to use the safe method and how
    to use the profit acceleration, can really surprise you if you apply them properly. You
    will never lose your deposit, and it is possible to increase your capital by 10-40%
    within a month. The only additional and essential rule for you is: Only use one
    currency pair! Do not open multiple trades with different currency pairs! This will lead
    to uncontrolled trading and dispel your wakefulness! Especially during the learning
    phase, you will not be able to recognize entry points every Day, but that is normal.
    More precise entries are better than just many of them! The only principle of price
    movement is to fool traders and clear their stop losses and trigger their pending
    orders. I am sure that this strategy logic and rules are one of the best of our time.

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