Lazy Trade Forex Trading Strategy V3
Platform: Trading Systems Last update: August 16, 2024The Lazy Trade Forex Trading Strategy V3 is in essence, a very simple trend-following trading system. Its signals are provided in such a simple manner so that everybody can understand it, especially beginners forex traders. Generally speaking, when the signal bars of the system are blue, it means a bullish trend is considered. Similarly, the red signal bars signal a bearish trend.
How to trade with the Lazy Trade Forex Trading Strategy V3?
The main indicator of the Lazy Trade Forex Trading Strategy V3 is the Heiken Ashi Smoothed indicator. The system uses a different method of calculation for defining the trend using Heiken Ashi candles. For high, it uses a 2 & 6-day MA and for low, it applies a 2 & 3-day MA. These Heiken Ashi bars are plotted separately around the price for a better understanding of the ongoing trends.
Buy Signal
Follow these steps for a long trade:
- Heiken Ashi Smoothed candles changes from red to blue
- It’s blue for three bars in a row
- Price moves above HAS candles
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the triggering HAS candle
- Take profit or exit trade whenever the HAS candles turn red or use your own preferred method of trade exit
Sell Signal
Follow these steps for a short trade:
- Heiken Ashi Smoothed candles changes from blue to red
- It’s red for three bars in a row
- Price moves below HAS candles
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the triggering HAS candle
- Take profit or exit trade whenever the the HAS candles turn blue or use your own preferred method of trade exit
