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Top 5 Best Forex Trading System for PRICE ACTION Strategy

FREE DOWNLOAD – “Top 7 Best Forex Trading System for PRICE ACTION Strategy” –  Price action trading strategies are one of the most commonly used methods in today’s financial market.

Trading NOTES


Whether you are a short-term or long-term trader, analyzing the price of a security is perhaps one of the simplest, yet also the most powerful, ways to gain an edge in the market.


What is Price Action?

The term ‘price action’ is simply the study of a security’s price movement.

In price action trading, traders would look to study historical price to identify any clues on where the market could move next.

The most commonly used price action indicator is the study of price bars which give details such as the open and closing price of a market and its high and low price levels during a specific time period.

Analyzing this information is the core of price action trading.

In fact, in answering the question ‘what is price action?’, it could be said that it is really the study of the actions of all the buyers and sellers actively involved in any given market.

Therefore, by analyzing what the rest of the market participants are doing, it can give traders a unique edge in their trading decisions.

The most commonly used price bars which are used as a price action indicator, are called candlesticks.

All trading platforms in the world offer candlestick charting – proving just how popular price action trading is.

Below are the “Top 7 Best Forex Trading System for PRICE ACTION Strategy” you must know.


1. Forex HAMA QQE Based Scalping or Day Trading Strategy 

Heiken Ashi MA QQE Based Scalping or Day Trading Strategy – HAMA & QQE are very few indicators that provide high probability signals as a standalone indicator.

But though this high accuracy trading system gives high quality, high probability information, it is still not the Holy Grail.

As the name states, it is an “estimation”, not a “prediction”. So, it is still best to add a few good “PRICE ACTION”  filter to improve the probability of a profitable trade setup.

  • Time Frame: H1, H4, and D1
  • Currency Pairs: GBPUSD and EURUSD

Another advantage of the QQE indicator is the 50% line. This could be added as another filter for the trading rules.

Having the QQE lines above the 50% line indicates that price is on an uptrend while lines below the 50% line indicate that price is on a downtrend.



2. Non-Lag Momentum Scalping Forex Trading Strategy 

High accuracy “Non-Lag Momentum Scalping Forex Trading Strategy” – With this strategy, we will be trading candles that we believe have momentum and that the next candle would ignore consolidation.

To do this, we will be using 10, 20, & 30 Non-Lag Moving Averages (Non-Lag MA). For scalper, we will also be targeting only five (5) pips. If the candle really does have momentum, a 5-pip target would be easy.

  • Time Frame:
    • M5 (scalping)
    • M15, m30, and H1 (Intraday)
    • H4 and D1 (Short term swing trading)
  • Currency Pairs: GBPUSD and GBPJPY

This momentum strategy is a good place to start trading momentums.

It is also not wise to trade all currency pairs since some pairs are just not good for scalping, due to wide spreads of the bid and offers.

Remember, we are only targeting 5 pips and have a stop loss of 5 pips. The spread might ruin your trades since when you open a trade, you begin in the red. A few pips of a negative move might already hit your stop loss.

Practice this strategy, tweak, and make it yours.

This strategy also good for short term swing trading (H4 and D1 TF)



3. Non-Lag MA Bollinger Bands Forex Trading Strategy with RSI Masah 2010 Entry Signals 

Simple and high accuracy “Non-Lag MA Bollinger Bands Forex Trading Strategy with RSI Masah 2010 Entry Signals“.

Bollinger Bаndѕ аrе a highly popular tесhniсаl аnаlуѕiѕ tесhniԛuе.

Mаnу trаdеrѕ believe thе closer the рriсеѕ mоvе tо thе uрреr bаnd, the mоrе оvеrbоught thе mаrkеt, and the сlоѕеr thе prices mоvе to thе lоwеr bаnd, thе more оvеrѕоld thе mаrkеt.

Bollinger Bands® is not a standalone trаding system.

Thеу аrе ѕimрlу оnе indiсаtоr dеѕignеd tо рrоvidе traders with infоrmаtiоn regarding рriсе volatility.

Jоhn Bоllingеr ѕuggеѕtѕ using them with twо or three other non-correlated indicators thаt рrоvidе mоrе direct market ѕignаlѕ.

In this trading strategy, we use Non-Lag Moving Average, RSI, and 2010 Masah indicators.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

Aррrоximаtеlу 90% оf рriсе асtiоn оссurѕ between thе twо bаndѕ. Anу brеаkоut аbоvе оr bеlоw the bаndѕ iѕ a major еvеnt.

The breakout iѕ not a trading signal.

Thе miѕtаkе mоѕt реорlе mаkе is believing thаt thаt рriсе hitting оr еxсееding one of thе bаndѕ iѕ a signal to buу оr ѕеll.

Brеаkоutѕ provides an nо clue as to thе direction аnd еxtеnt оf futurе price mоvеmеnt.



4. Simple Stochastic Trendline Price Action Trading Strategy 

Simple and High Accuracy “Stochastic Trendline Price Action Trading Strategy” – This strategy is based on the trendline and simple overbought and oversold crossover of the stochastic indicator.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

  • Set the take profit at 2x the risk on the stop loss (Risk Reward Ratio = 1:2 or higher)
  • However, the success of this strategy depends on how the trader would analyze the context of the market conditions.



5. Pin Bar Continuation Channel “Price Action” Scalping System

Forex Pin Bar Continuation Channel “Price Action” Scalping System – in my opinion, pin bars are also momentum candles. In order for the market to change directions in a single candle and form a pin bar, the price has to move rapidly in one direction.

This is basically the same as momentum, price leaving a certain level in a very short period of time.

So, on the micro-level, pin bars are momentum candles. If you would split them further, you would most likely see a long-bodied candle.

So, let us see how we can use this information that pin bars are telling us to make a profit out of the market.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

This strategy is a very simple strategy.

This allows us to place the stop loss at the end of the wick, knowing that in theory, the market has already rejected that price level. This then gives us a relatively tighter stop loss for a better reward-risk ratio.



READ  Forex EMA Bollinger Band Stops Trend Following System

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