Top Fixed Time Trade Strategies that Work.

• Breakout Strategy.
• Gap Fill Strategy.
• Support and Resistance Strategy.
• Moving Average Strategy.

1. Breakout Strategy.

This is one of the common forex trading strategies.

Prices of assets move in certain patterns and channels whose limits can be determined.

By observing, determine a level where the price does not tend to go past upwards and downwards based on past action of the price.

Combine Breakouts with a technical indicator like the Relative Strength Index (RSI) for better results.

Additionally, set your trade duration 3 to 5 times the candlestick timeframe (15 – 25 minutes for a candlestick time frame of 5 minutes).

Play a buy position if all the conditions below are met:-

• The price has broken the upper predetermined limit.
• Prices have tested the new level several times without breaking it back downwards.
• The RSI may be showing a reading below its lower limit (Oversold) or an increase in value from below upwards.

Sell after all these conditions are met:-

• The price has broken the lower predetermined limit.
• Prices have tested the new level several times without breaking it back upwards.
• The RSI may be showing a reading above its upper limit (Overbought) or a decrease in value from above downwards.

2. Gap Fill Strategy.

Gap-fill is one of the best forex trading strategies. Trading gaps are commonplace in the markets.

Ideally, the next candlestick should open at the same level as the close of the previous.

In gapping, one candlestick gaps to open way higher or way lower than the close price of the previous candlestick where it is usually supposed to open.

If the candlestick gaps to open higher it is a gap-up while if the candlestick gaps to open lower it is a gap-down.

Gap-fill strategy capitalizes on having to wait for the gap to fill then enter a trade.

The level before the start of a gap-up acts as a support level while the level before the start of gap-down acts as a resistance level.

If a gap-up occurred, you will have to wait for the price to fall again to the level it was before the gap-up occurred.

The gap will have been filled and because that level acts as a support level, then you will expect the price to reverse upwards after a successful re-testing of the level. A Buy position is thus called for.

If a gap-down occurred, you have to wait for the price to rise again to the level it was before the gap-down occurred.

The gap will then have been filled and the fact that such a level is a resistance level, you expect the price to reverse downwards after the level has been successfully re-tested.

A Sell position will thus be in order.

Before you begin looking for gaps to trade, set your trade duration 3 to 5 times the candlestick timeframes (15 – 25 minutes for a candlestick time frame of 5 minutes).

3. Support and Resistance Strategy.

This is a simple forex trading strategy.

Support and Resistance are certain predetermined levels of the price of an asset at which the price tends to stop and reverse.

Support is a low level on the price chart where prices don’t tend to go past downwards but pause and reverse upwards.

Resistance is a high level on the price chart where prices don’t tend to go past upwards but pause and reverse downwards.

Combine Support and Resistance with the Moving Average Convergence and Divergence (MACD) for better results.

Remember to also set your trade duration 3 to 5 times the candlestick timeframe (15 – 25 minutes for a candlestick time frame of 5 minutes).

Buy after all these are met:-

• The Price is at the support level and has tested the level severally without breaking it downwards.
• The MACD is showing an oversold condition / a bullish divergence or convergence/crossover of its moving averages above the zero line as well as the histogram bars shifting from below to above the zero line.

For you to enter a Sell position;

• The Price is at the resistance level and has tested the level severally without breaking it upwards.
• The MACD is showing an overbought condition / a bearish divergence or convergence/crossover of its moving averages below the zero line as well as the histogram bars shifting from above to below the zero line.

4. Moving Average Strategy.

Moving Average Strategy is one of the daily forex trading strategies to use in your Fixed Time Trading.

They have been used over time to develop basic trading strategies.

Two moving averages, one with a shorter and one with a longer period are commonly applied to form trading strategies.

Exponential Moving Averages (EMAs) are preferred over other types of moving averages for their reference to the most recent data.

Moving average crossovers, price action in relation to the moving averages and the use of an additional indicator like the Relative Strength Index (RSI) are common trading techniques.

Set your trade duration 3 to 5 times the candlestick timeframe (15 – 25 minutes for a candlestick time frame of 5 minutes).

Buy when:-

• The shorter period Moving Average crosses over the longer period Moving Average from below upwards.
• Price keeps trending above that shorter period Moving Average.
• The RSI shows an oversold condition, a bullish divergence or convergence, or any hint to a rise in the price.

Sell when:-

• The shorter period Moving Average crosses over the longer period Moving Average from above downwards.
• The price keeps trending below that shorter period Moving Average.
• RSI shows an overbought condition, a bearish divergence or convergence or any hint to a price fall.