Winner No Repainting Forex Trading Strategy MT4

• • Currency Pairs: Any pairs
  • Timeframes: Any time frame
  • Minimum Deposit: $100

How to use the Winner strategy without redrawing

This strategy for MT4 is suitable for both purchases and sales. Let’s look at its application in both cases.

Opening a buy trade (Long Position)

Determining a buy signal:

Wait for the Winner indicator to give a buy signal. This happens when the Winner indicator value crosses above the key level, which indicates a possible upward movement.

Confirming the signal with the Winner Indicator:

Make sure that the Winner indicator confirms the trend direction and matches the Winner signal.

Opening a trade:

Enter the position at the price at which both indicators match in their signal.

Setting a stop loss:

Place a stop loss below the last local minimum or at a fixed distance from the entry point for effective risk management.

Defining a Profit Target:

The target can be the nearest resistance level or a fixed risk-reward ratio of at least 1:2 (for example, 20 pips risk for 40 pips profit).

Opening a Short Position

Determining a Sell Signal:

Wait for a sell signal from the Winner indicator. This occurs when the Winner indicator crosses a key level downwards, indicating a possible price decline.

Confirming a signal with the Winner Indicator:

Check if the Winner indicator matches the sell signal, confirming the downtrend.

Opening a Trade:

Enter the position when the signal is confirmed by both indicators.

Setting a Stop Loss:

Place the Stop Loss above the last local maximum or set a fixed distance from the entry point.

Determining a Profit Target:

You can use the nearest support level or a risk-reward ratio of at least 1:2 as a target to lock in profit.

By using this strategy, traders can minimize risks and increase the likelihood of successful trades.