Lazy Trade Forex Trading Strategy V3

Lazy Trade Forex Trading Strategy V3 Exampl

Introduction to the Lazy Trade Forex Trading Strategy V3

The name of the Lazy Trade Forex Trading Strategy V3 is in essence, a very simple trend-following trading system. Its signals are provided in such a simple manner so that everybody can understand it, especially beginners forex traders. Generally speaking, when the signal bars of the system are blue, it means a bullish trend is considered. Similarly, the red signal bars signal a bearish trend.

The Lazy Trade Forex Trading Strategy V3 fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings are good but can be modified. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to trade with the Lazy Trade Forex Trading Strategy V3?

The main indicator of the Lazy Trade Forex Trading Strategy V3 is the Heiken Ashi Smoothed indicator. The system uses a different method of calculation for defining the trend using Heiken Ashi candles. For high, it uses a 2 & 6-day MA and for low, it applies a 2 & 3-day MA. These Heiken Ashi bars are plotted separately around the price for a better understanding of the ongoing trends.

Buy Signal

Follow these steps for a long trade:

  • Heiken Ashi Smoothed candles changes from red to blue
  • It’s blue for three bars in a row
  • Price moves above HAS candles
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the triggering HAS candle
  • Take profit or exit trade whenever the HAS candles turn red or use your own preferred method of trade exit

Lazy Trade Forex Trading Strategy V3 Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

  • Heiken Ashi Smoothed candles changes from blue to red
  • It’s red for three bars in a row
  • Price moves below HAS candles
  • Sell trade is triggered after the above conditions are met
  • Set stop loss a few pips above the triggering HAS candle
  • Take profit or exit trade whenever the the HAS candles turn blue or use your own preferred method of trade exit

Lazy Trade Forex Trading Strategy V3 Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Lazy Trade Forex Trading Strategy V3 in MT4?

Installation Guide

Download the Lazy Trade Forex Trading Strategy V3.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Lazy Trade Forex Trading Strategy V3 into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Lazy Trade Forex Trading Strategy V3 you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Lazy Trade Forex Trading Strategy V3.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Lazy Trade Forex Trading Strategy V3 is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Download Free MT4 Lazy Trade Forex Trading Strategy V3

To download the Lazy Trade Forex Trading Strategy V3 for Metatrader 4 (MT4) for free just click the button below:

Lazy Trade Forex Trading Strategy V3 Free Download

Tags: , ,