Forex Killer Trading Strategy for Beginners

Beginner Forex Trading Strategy with Forex Killer Software

Ok kids, here we go. This is a very basic, down and dirty Forex Killer Trading Strategy.

The first thing is that I absolutely refuse to guarantee you will make tons of money with this strategy. I'm not going to set you up to fail by promising you the moon and stars. What I can tell you is that if you use this strategy with strict money management in mind and use extremely small lots, you can make small but consistent profits.

Once you get the hang of it, you should only be spending about 10 minutes per day.

I would prefer you try this on a demo account first before risking real money, particularly if you've never done any forex trading.

1. (0.01 lot size) Trade extremely small lots for safety.
2. NEVER trade on Friday.
3. Designate a time of day to begin trading.
4. Open up both Forex Killer and Metatrader (You can download Metatrader FREE)
5. Open the one hour(1H) charts for all the currency pairs available on Forex Killer (they're on the drop down menu). Save all the data from this charts to a directory you choose.
6.Choose one pair and load it to Forex Killer.
7.Locate the correct currency and time frame (1H) on the drop down menus.
8. Press the "calculate" button and wait until you can see the results.
THIS IS THE IMPORTANT PART - PLEASE READ THE FOLLOWING VERY CAREFULLY
9. Once you have the results, look to see if the trading signals (Buy, Sell, No Trade) for both short term and long term trading match.
10. IF they match, then look at the probabilities that are below the charts.
11. IF at least one probability is at least 70% or more, then go back to Metatrader and find your daily chart for that currency pair.
12.Check to see that the signal generated by Forex Killer matches the trend you see on Metatrader. (It will be going up, going down, or going sideways.)
13. IF all of the above match, then take the trade using the long term stop loss and take profit values from Forex Killer.
14. Set a trailing stop-loss at 35 pips.
15. Repeat this process for each currency pair. DO NOT take a trade if ALL the above rules are not met.
16. Leave the trades alone until the same time the next day.
17. Do not close the trades yourself. Wait until they are closed by one of your preset stops or take profit values.

Repeat this process as often as ALL criteria rules are met.

That's it. Forex Killer Trading Strategy for Beginners!