Strategy: Flip 55

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

Really useful Timeframe

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

Trade Details

Currently, the Flip 55 strategy has identified a trading opportunity on the AUD/CAD pair throughout the H4 timeframe. I’ve shared a trade setup image to your reference. The main points of the trade are as follows:

• Pair: AUD/CAD
• Timeframe: H4
• Buy Stop: 0.91545
• Stop Loss (SL): 0.91230
• Take Profit (TP) 1: 0.91965
• Take Profit (TP) 2: 0.92490
• Take Profit (TP) 3: 0.93015

Lot Size

For risk management, make sure you don’t risk greater than 2% of your account per trade. For example, 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 make money working from home dad, home-based forex trader, author and blogger by passion. He likes to research and share the most recent foreign currency trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to have the option to learn and download several types of foreign currency trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com