Forex Crystal Ball.com

Welcome to forexcrystalball.com.

Any one looking for a Crystal Ball in the Forex market can give up now as the forex market is the most unpredictable market.

Grid Trading

To grid trade the user or ea sets an entry limit order(s) X pips from the current price; default is 15 pips. Once the price hits this level the limit order is executed. Then every X pips there is another order at market price executed. And so on until there are X trades and then it will close all trades out once Y pips profit is reached (default of 250).

The only problem with grid trading is you need a large balance as there can be a large drawdown, which needs to be managed. If the drawdown grows larger than your balance then you can loss the lot.

Super Scalper 1 Minute System

The Super Scalper 1 Minute System is effective as long as you are able to tell the directing of the trend, which also happens to be the hardest thing for some people.

Trade EUR/USD currency pair
Trade on the 1 Minute Chart time frame
Determine Trend.

If Trend is UP = BUY only
If Trend is DOWN = SELL only

Install a “Slow Stochastics” with default settings:

K_period = 14
D_period = 3
K_SlowingPeriod = 3

You can find this indicator on most charting packages.

BUY SIGNAL = Red line crosses UP and OVER “20” Stochastic Line in UP Trend.
SELL SIGNAL = Red line crosses DOWN and OVER “80” Stochastic Line in DOWN Trend.

Use a 5, 6 or 7 pip stop loss based on your forex broker platform.
Use a 15, 18, or 21 pip take profit to maintain 3 to 1 Risk/Reward Ration

Current Forex Market Watch

What is the best forex broker?

There are many forex brokers out there but after trying most of them the best forex broker is FX Open www.fxopen.com.