Let me introduce you to the Flip 55 strategy, a trend-following gem that has consistently proven successful. This straightforward method employs two moving averages, and after extensive backtesting by our team, we’ve found it boasts a win rate of 70% to 80%. Impressive, right?
Ideal Timeframe
Now, you might be wondering when to use this strategy. The Flip 55 is quite versatile and can be deployed reliably across various timeframes like H1, H4, and the Daily charts. While it can technically work on timeframes lower than H1, we’ve noticed you get the best results sticking with the H1, H4, and Daily timeframes.
Current Trading Opportunity
At present, the Flip 55 has pinpointed a trading setup on the USD/CHF currency pair within the H4 timeframe. For your convenience, I’ve included an image of this setup. Let me break down the key details of this trade:
- Pair: USD/CHF
- Timeframe: H4
- Sell Stop: 0.89105
- Stop Loss (SL): 0.88190
- Take Profit (TP) 1: 0.87275
- Take Profit (TP) 2: 0.86540
- Take Profit (TP) 3: 0.85625
Managing Your Risk
When you’re considering your lot size: don’t risk more than 2% of your account on any single trade. For example, if you’re trading with a $10,000 account, you should cap your risk at $200.
This trading idea is proudly provided by Forex Kick Start’s Systems. Plus, if you sign up using the link with Partner Code "7W3JQ", you’ll snag a FREE $50 trading bonus and enjoy 50% trade rebates or cashback. Pretty sweet deal, if you ask me!
To your trading success,
Tim Morris
Tim Morris is not your typical forex enthusiast. This work-from-home dad and passionate trader shares his insights on ForexMT4Indicators.com, a wonderful resource where you can explore and download various forex strategies and indicators.
