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A winning trading strategy...

Well, that is what comes first. One needs to have [link widoczny dla zalogowanych] a winning strategy before making any attempts to trade on the Forex market. That is, if they want to be successful, of courseâ€¦

The definition of a winning strategy is very simple â€“ it needs to bring more [link widoczny dla zalogowanych] profit than loss. When you divide the net profit by the net loss [link widoczny dla zalogowanych] you [link widoczny dla zalogowanych] get the so called â€œprofit factorâ€ and if it is more than 1.00 it means that the strategy is bringing more profit than loss. The higher the profit factor, the better, as losses are rarer and [link widoczny dla zalogowanych] [link widoczny dla zalogowanych] the trader can start using other useful tools as an addition to the strategy, which in any other situations may be extremely dangerous to their balance.

We have a popular trading strategy used in B.O.R.N Night Owl Forex EA Robot, but in a way that secures steady profitability. The statistics shows that there are three different market conditions:

Â·Trend. We have higher highs and [link widoczny dla zalogowanych] lower lows as time progresses, so in general the logic suggests that [link widoczny dla zalogowanych] we need to buy when the trend is going up, and we need to sell when the trend is going down. The market is in a trending pattern approximately 30% of the time.

Â·Counter trend (when the market is â€œrangingâ€). After the price has increased (or dropped) to a certain level, we can expect [link widoczny dla zalogowanych] a correction, so we need to buy when the price has dropped and we need to sell when the price has gone up. The market is in a counter trend pattern approximately 60% of the time.

Â·Break out. This is self-explainable. Typically the break outs happen immediately after major news has been released or a bank or another major financial player is placing large orders in a short period of time. Breakouts do not typically happen in more than 10% of the time.

So, the question is â€“ how do we know which state the forex market currently is, and how long this condition will last before it changes? Most of the time we simply cannot, as we do not have the gift of seeing into the future, and anyone claiming differently needs to be held away from our funds.

However, the geography of the world and respectively â€“ the forex market, does offer a well-known â€œgapâ€ which, if used in wisely, [link widoczny dla zalogowanych] can be the â€œloop wholeâ€ to use for our benefit. This has to do with the forex market hours although though it is open 24 hours 5 days a week.

Every day, after the New [link widoczny dla zalogowanych] York close at 17.00 EST (which is GMT -5 when DST is not applied in the USA) there is at least an hour before the next big player opens. The [link widoczny dla zalogowanych] Asian session is preceded by Tokyo open (Japan does not use day light saving time during the summer) which happens at GMT +9. This gives us an hour of time with no big players on the market. During the period when EST has changed to DST (that is when New York is an hour ahead during the summer) we even have an hour more, as Japan do not move their clocks forward! Please note that GMT does not equal BCT (British central time) as the UK also change to DST during the summer and the time in Great Britain during that period [link widoczny dla zalogowanych] is [link widoczny dla zalogowanych] one hour ahead of GMT.

With no large banks or other big players on the forex market, the pattern of the currency pairs is â€œrangingâ€ almost always, as there are simply not enough volumes being traded to sway the prices in a trending pattern, so we need to buy when the price has dropped and sell when it has gone up.

Of course we are not inventing the hot water hereâ€¦ this is a fact which many forex pros are well aware of, and some of them use it and profit from their knowledge. The trick is however that knowledge is not enough â€“ it needs to be taken as close to perfection as possible and in addition we need to be able to follow the trading strategy all the time, no exceptions, no impulsive decisions, no greed, no [link widoczny dla zalogowanych] fear allowed â€“ and this can only be done by a Forex Expert Advisor (EA) Robot!

Read the entire presentation of the sound trading strategy used with B.O.R.N Night Owl Forex Robot directly from their Webpage

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Happy Trading!