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%.
Advisable Timeframe
This strategy is adaptable to numerous timeframes, including H1, H4, and Every day. Although it will probably be applied to timeframes lower than H1, optimal results are typically achieved throughout the H1, H4, and Every day timeframes.
Trade Details
Currently, the Flip 55 strategy has identified a trading opportunity on the USD/JPY pair throughout the H4 timeframe. I’ve shared a trade setup image on your reference. The main points of the trade are as follows:
Pair: USD/JPY
Timeframe: H4
Sell Stop: 150.695
Stop Loss (SL): 153.545
Take Profit (TP) 1: 147.830
Take Profit (TP) 2: 145.550
Take Profit (TP) 3: 143.270
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 must be $200.
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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 most recent foreign currency trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to have the opportunity to learn and download various kinds of foreign currency trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com