Strategy: Flip 55

The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%.

Beneficial Timeframe

This strategy is adaptable to varied timeframes, including H1, H4, and Each day. Although it may be applied to timeframes lower than H1, optimal results are typically achieved inside the H1, H4, and Each day timeframes.

Trade Details

Currently, the Flip 55 strategy has identified a trading opportunity on the USD/CAD pair inside the H1 timeframe. I’ve shared a trade setup image in your reference. The main points of the trade are as follows:

• Pair: USD/CAD
• Timeframe: H1
• Sell Stop: 1.38785
• Stop Loss (SL): 1.39425
• Take Profit (TP) 1: 1.38545
• Take Profit (TP) 2: 1.38545
• Take Profit (TP) 3: 1.38065

Lot Size

For risk management, make sure you don’t risk greater than 2% of your account per trade. As an illustration, with a $10,000 account, the utmost risk needs to be $200.

This Trade Ideas is dropped at you by:
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To Your Success!
Tim Morris

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Tim Morris is a do business from home dad, home-based forex trader, author and blogger by passion. He likes to research and share the newest foreign currency trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to find a way to learn and download various kinds of foreign currency trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com