The Simple Formula
The Simple Formula
THE
SIMPLE
FORMULA
TraderEdge
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of leverage can work both for and against merchants. Before each Forex investment, you
should carefully consider your goals, past experience, and risk level. The opinions and data
contained on this site should not be considered as suggestions or advice for the sale or
purchase of currency or other instruments. Past results do not show or guarantee future
results.
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ALL IN ONE BACKTESTING &
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The first is based on the fair value gap (FVG) concept popularized
by ICT.
The indicator seeks to show you those FVGs without you having
to go out of your way to constantly find them.
TRADEREDGE
ALL IN ONE BACKTESTING &
JOURNAL SOFTWARE
Next, grab the FVG indicator and use it on the following settings:
--> Link
Now, we’ll look at how to take entries, then manage risk, and
lastly the backtesting results.
Shorts are the opposite, EMA is red, we wait for new red FVG to
form, place an order in the box, place a stoploss above a swing
level, and target the next important zone.
As we’ll see later I’ve done tons of testing (and live trading) with
this system...
and it’s definitely worked for me!
TRADEREDGE
ALL IN ONE BACKTESTING &
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As for risk management, I’ll lay out 3 different options that I think
are valid.
This zone could be the last swing high (if going long) or last swing
low (if going short).
This option is great if you want a lower winrate but a much higher
reward-to-risk ratio.
TRADEREDGE
ALL IN ONE BACKTESTING &
JOURNAL SOFTWARE
This option is great if you want a higher winrate but a fixed 1:1
RR.
You could just mix both depending on the trade and the
circumstance.
TRADEREDGE
ALL IN ONE BACKTESTING &
JOURNAL SOFTWARE
If a trade has run far from your entry, protect the trade by moving
your stoploss just above your entry level.
Now the trade has no risk. It's effectively a free trade.
I’m here to share what works for me… but it doesn’t mean it’ll
work for you.
Anyone who says that doesn't know anything about trading and I
wish you the best of luck in life.
If you win 10 cents every time you win but lose 1000$ when you
lose but have a 99% winrate we'll you be royally screwed.
Yes.. you have to put in a credit card to do the trial. BUT.. you can
cancel the trial at any point! AND… if you STILL don’t find value
with the software even after the trial, we’ll give you a full refund.
Just email us!