Yagub Rahimov’s AtoZ Magic Forex Strategy is easy but often new traders have difficulty understanding. Thus, I wanted to shed light on how to use the AtoZ Magic Forex trading strategy in trend following.
AtoZ Markets – There are several Free Forex strategies shared by AtoZMarkets. One of these strategies which is created by Yagub Rahimov caught my attention. Just the name says AtoZ Magic Forex Strategy is like magic. It is an effective strategy that can generate 30-50 pips almost every day. It is easy to master this trading strategy and if utilized properly, you will able to benefit from it.
AtoZMarkets Note: – This is not a holy grail, it is just a pretty good simple trading strategy. Bear in mind that this strategy nor any other complex strategy can guarantee success. There is a significant risk of loss in marginal trading. Not to mention, there is simply no holy grail!
AtoZ Magic Forex Strategy
The AtoZ Magic forex strategy is based on the Intraday Market sentiment. To be more precise, the strategy covers the past 3 days and focuses on reversal points with confirmation given by both indicators. Additionally, it includes a pivot point indicator and a custom stochastic indicator that is aligned according to Fibonacci sequences. However, I found it interesting that combining a 100 SMA can be useful as well.
This strategy, to my amazement, covers two separate strategies:
- a Trend trading
- a Counter-Trend trading strategy
Trend Trading: Currency Pairs – It works best on G10 pairs; Timeframe- H1.
Counter-Trend Trading: Currency Pairs – It works best on G10 pairs; Timeframe- M15.
AtoZ Magic forex strategy – Short entry
For a short position, the custom stochastic indicator must be above the 50 levels. Thus, our entry will be at the R1 level with stop loss above, at the R2 level. Meanwhile, the target will be below, at the S1 level.
Buy orders with AtoZ Magic Forex Trading strategy
Likewise, for buy orders, the custom stochastic must be below its 20 levels. Thus, the entry will be at the S1 level with stop loss below, at the S2 level. Meanwhile, the target will be above, at the R1 level.
Alternatively, for this strategy, we can place our Pending orders at S2 level and R2 levels accordingly!
If you have any questions about the strategy, let me know in the comments section below.
This article was updated on the 5th of November by Amandeep Sonewane