Forex trading can make you a millionaire. Forex trading is like an ATM, where traders can make money out of nothing? Can you trade without losing any money?

These questions can have many answers, depending on who you're talking to. Forex trading can make traders a lot of money, but there are also big risks. Forex trading is not like an ATM machine. However, if you're good at it, it can sometimes feel like one. Yes and no. Although it is theoretically possible not to lose money when trading forex, this would require trading at the lowest volume and with a large capital. This means that you could lose so little profit trading forex. Other money management strategies, such as grid or martingale can be very effective, but they also carry a higher risk. These strategies can easily wipe out accounts if a trader loses a lot of trades.

Many people don't realize that sound trading is all about probabilities. It's about winning more than you lose and losing less than you win. This would require you to allow the law of large number play in your favor. This allows you to trade more for less risk.

Confluences are a way to increase your chances of success. This is when two or more distinct thesis point in the same direction almost simultaneously. It could be two indicators that produce the same signal. This could be confirmation of the direction by price action.

HAMA Trend Lord Forex Trading Strategy uses confluences. This strategy uses two high-probability indicators that, if used on the correct market, have a high chance of producing a profit.

HAMA

HAMA stands for Heiken Ashi Movement Average. This indicator helps traders to identify the trend's direction over the medium-term.

The modified Heiken Ashi Smoothed indicator is the Heiken Ashi Moving Average. The indicators have almost identical qualities. The Heiken Ashi Smoothed indicator uses an Exponential Moving Average, (EMA), while HAMA is also based upon a moving average. Both indicators are designed to identify the mid-term trend. They produce very accurate signals and have very few false signals. This allows traders the ability to follow the trend until it loses steam. Only the HAMA indicator does not have wicks while the Heiken Ashi Smoothed has wicks.

Trend Lord

Trend Lord is a custom-made technical indicator that helps traders to identify the trend direction.

Histogram bars are used to indicate trend. When the trend changes, the bars change color. The bars change color depending on the trend. During an uptrend the bars turn steel blue. During a downtrend the bars turn crimson.

The Trend Lord indicator is calculated from a modified moving mean and plotted on a separate window as a histogram. This creates a histogram which would change the slope of the moving mean.

Trading Strategy

This strategy is based on the convergence of the HAMA indicator with the Trend Lord indicator.

The combined indicators are very useful, even if used as an indicator alone. There are occasions when the indicators can produce false signals, especially if there isn't momentum behind the trading signal. If both indicators are producing a signal at the same time, it increases the probability that momentum is behind the trade. This increases the likelihood that your trade will move in your favor immediately.

The direction of the long-term trends is also used to filter trades. To filter trades not in line with the long-term trend, we will use the SMA (simple moving average) of 200 periods. Trends will be determined by the price location relative to the 200 SMA, and the slope of 200 SMA lines.

Indicators:

• 200 SMA(Gold)
• HAMA (default settings)
• TrendLord (default settings)

Prefer Time Frames: HTML1-hour, 1-hour, 4 hour and daily charts

Currency pairs: major, minor pairs

Forex Sessions: Tokyo sessions.

Trade Setup

Entry

• The 200 SMA line should be considered the price.
• The 200 SMA line should be sloped up.
• The Trend Lord indicator should be changed to steel blue.
• The HAMA indicator should be changed to blue.
• Both bullish signals should be closely related.
• On confirmation of the conditions, enter a purchase order.

Stop Loss

• Place the stop loss for the fractal under the entry candle.

Exit

• When the Trend Lord indicator changes from crimson to red, close the trade.
• When the HAMA indicator turns red, close the trade.

Setup for Trades

Entry

• The 200 SMA line should not be crossed.
• The 200 SMA line should be sloping downward.
• The Trend Lord indicator should be changed to crimson.
• The HAMA indicator should be changed to red.
• Both bearish signals should be closely related.
• On confirmation of the conditions, enter a sale order

Stop Loss

• Place the stop loss on fractals above the entry candle.

Exit

• When the Trend Lord indicator changes from steel blue to red, close the trade.
• When the HAMA indicator changes from blue to green, close the trade.

Conclusion

This strategy could generate consistent profits over the long-term.

Each indicator works well on its own. These indicators can be combined to create amazing results. This indicator could lead to high-probability trade setups, which could yield high yielding.

This strategy can only be used efficiently if you identify a trending market. This strategy can be used to generate huge returns on trades if you find a trending market. Depending on the market conditions, you will be able to consistently make profits with this strategy.

Forex Trading Strategy Installation Instructions

HAMA Trend Lord Forex Trading Strategy combines Metatrader 4 (MT4) indicators and a template.

This forex strategy aims to transform historical data and trading signals.

HAMA Trend Lord Forex Trading Strategy allows you to spot patterns and peculiarities in price dynamics that are not visible to the naked eye.

This information allows traders to assume additional price movements and adjust their strategy accordingly.

Forex Metatrader 4 Trading Platform

• Support available 24/7 by an international broker.
• Over 12,000 assets, including Stocks, Indices, Forex.
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• Start depositing now to get a bonus of up to $50,000
• Demo accounts are available to test trading strategies.

Step-by-Step RoboForex Trading Account Open Guide

How do I install HAMA Trend Lord Forex Trading Strategies?

• HAMA Trend Lord Forex Trading Strategy.zip
• *Copy the mq4 & ex4 files to your Metatrader Directory/experts /indicators /
• Copy the tpl (Template) file to your Metatrader Directory/ templates
• Your Metatrader client can be started or stopped.
• Choose the Chart and Timeframe in which you would like to test your forex strategy
• Right-click on your trading chart, hover over "Template",
• You can now choose HAMA Trend Lord Forex Trading Strategy
• HAMA Trend Lord Forex Trading Strategies will be displayed on your Chart

*Note that not all forex strategies include mq4/ex4 files. Some templates can be integrated with the MT4 indicators from the MetaTrader Platform.

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