Floor Trader’s Forex Swing Trading Strategy

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Forex Swing Trading Strategy # 2: ( Floor Trader’s Method)

Overview of the Floor Trader’s Method

The floor trader’s method is a trend following system which can be used effectively as a swing trading strategy. The floor trader’s
method is built on 3 important concepts:

1) it is a retracement-continuation trading method.

2)it uses moving averages to identify the trend and trades in the direction of that trend.

3) the trading setup or the trading trigger is a reversal pattern that forms after the retracement.

If you spend a little bit more time understanding some of the most common reversal candlestick patterns, then it would make it much easier for you to understand this trading method.

Retracements:

  • In a downtrend, the retracement (or pullback) is the minor rally upward
  • In an uptrend, the retracement(or pullback) is the minor rally downward

Timeframes: 1hr and above

Indicators: 9ema and 18ema

Short Entry Rules

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(1) Wait for 9ema to cross 18ema to the downside. When this happens, it signals a downtrend.

(2) Wait for a retracement where price goes back up and touches the 9ema or both ema’s.

(3) Sell on the breakout of the Low of the candlestick prior to the current one

(4) Place stop loss 1-5 pips above the “peak” of the retracement.

Long Entry Rules

(1) Wait for 9ema to cross 18ema to the upside. When this happens, it signals an uptrend.

(2) Wait for a retracement where price goes back down and touches the 9ema or both ema’s.

(3) Buy on the breakout of the High of the candlestick prior to the current one

(4) Place stop loss 1-5 pips below the “trough” of the retracement.

How To Manage Your Trade

Here are some suggestions on how you can manage your trades that are in profit:

  • move stop loss to break-even when the trade moves by the amount risked
  • you may consider taking some profits off the table when price moves twice the distance of the retracement where you took the trade on.
  • trail stop your trades behind each subsequent lower swing high that forms as price continues to move lower for a short trade.
  • trail stop your trades behind each subsequent higher swing low that forms as price continues to move higher for a long trade.

How To Setting Profit Targets

Here are a few ideas on how you can set your profit targets:

  • use fibonnaci tool to project your profit targets-the 161.8 & 261.8 fib levels are potential profit targets.
  • or you can use 2 to 3 times the distance of the retracement to calculate your profit targets.
  • Or you may not choose to set profit targets but trail stop your trades, locking profits as the trade moves in favour until you get stopped out.

Advantages of the Floor Trader’s Method

  • The trend is your friend. The floor trader’s method is a trend following trading system.
  • It is simple swing trading strategy, easy to understand and implement
  • Allows you to get into a trend in its beginning and you can ride out the trend if the first retracement happens happens quickly after the ema crossover.
  • Higher timeframes are much more reliable.
  • Trade Entry is dictated by Price Action
  • Stop Loss is not placed at any arbitary location but above resistance levels for a short order and below support levels for long orders and this reduces the changes of getting stopped out in a trade prematurely.

Disadvantages of The Floor Trader’s Method Forex Trading Strategy

  • Tendency to give a lot of false trading signals in a sideways trending market.
  • In a fast moving trending market, sometimes, the retracement will not happen close to the ema crossover and you may see that you have missed a massive part of that trendy move and by the time a signal is given for you to enter a trade, the market at most times would have lost its steam anyway and you will tend to get stopped out frequently.
  • The further away the retracements(pullbacks) happen away from the ema cross over, the less reliable the trading signal would be. This means “A” retracement is much more reliable than “B” retracement and “B” retracement is much more reliable than “C”.

Additional Floor Trader’s Entry Technique

The original floor trader’s method specifically talks about entering on the failure of a retracement when the high or a low of the candlestick prior to the present one is intersected. That’s one way to look at it.

However, we can take this a bit further by using reversal candlesticks to time our trade entries.

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Forex Свинг Торговая стратегия трейдера Floor

Метод полу трейдера является следующая система тренда, которая может быть эффективно использована в качестве торговой стратегии свинг. Эта система имеет 3 понятия. Во-первых это способ отката продолжение торгов, Во-вторых, он использует скользящие средние для определения тренда и торговли в направлении тренда и третья установка торговой или торговый триггер представляет собой модель разворота, которая формируется после отката.

Показатели, которые будут использоваться в этой системе 9 EMA и 18 EMA и это применимо к 1-час или выше сроки.

Откаты:

В рамках нисходящего тренда, ретрейсмент или откат является незначительным ралли вверх.

В восходящем тренде, ретрейсмент или откат является незначительным ралли вниз

Короткие правила входа:

  1. 9 EMA должна пересечь ниже 18 МАТЬ. Это признак того, что рынок находится в нисходящем тренде.
  2. Там должно быть откат цены, это означает, что цена пойдет обратно вверх и коснется 9 EMA или оба ЕМА.
  3. Введите короткий на пробое минимума подсвечника до начала текущего.
  4. Стоп-лосс должен быть 1-5 пипсов выше максимума отката.

Длинные правила входа:

  1. 9 EMA должна пересечь выше 18 МАТЬ. Это указывает на то, что рынок находится в восходящем тренде.
  2. Там должно быть откат или цена должна вернуться вниз и коснется 9 EMA или оба ЕМА.
  3. Введите длинную позицию на прорыве максимума подсвечника до начала текущего
  4. Стоп-лосс должен быть помещен 1-5 пипсов ниже минимума отката.

Управление торговлей:

  • Переместить стоп-лосс на уровень безубыточности, когда торговля перемещается на величину рисковала.
  • Рассмотрим также взять прибыль, когда цена движется в два раза расстояние от откатов, где вы взяли на торговлю.
  • Скользящий стоп является еще одним вариантом для управления торговлей. Переместить его к высокой или низкой из предыдущей свечи.

норма прибыли, плановая:

  • Используйте инструмент Фибоначчи, чтобы получить прибыль. взять его на 161.8 или 261.8 уровни.
  • Вы можете также использовать 2 или 3 раз расстояние от откате для расчета целевых показателей прибыли.

преимущества:

  • Это следующая система тренда, поэтому тенденция является вашим другом.
  • Это просто и легко понять и внедрить и позволяет войти в торговлю в начале тренда.
  • Более высокие временные рамки являются гораздо более надежными и продиктованы поведением цены.
  • Стоп лосс размещаем выше уровней сопротивления или поддержки, и это уменьшает получить выбиты.

Недостатки:

  • Ложные сигналы могут возникать. особенно на рынке боковом.
  • Retracement не будет происходить в быстро меняющемся трендовом рынке. Вы можете пропустить вход в сделку. Рынок может потерять свой пар и получите вы выбиты.
  • Откатах или откаты может произойти от EMA кроссовер.


Инструкции по установке стратегии форекс

Forex Свинг Торговая стратегия трейдера Floor представляет собой сочетание Metatrader 4 (MT4) индикатор(s) и шаблон.

Суть этой стратегии форекс заключается в преобразовании накопленных исторических данных и торговые сигналы.

Forex Свинг Торговая стратегия Floor трейдера дает возможность выявить различные особенности и закономерности в динамике цен, которые не видны невооруженным глазом.

На основании этой информации, трейдеры могут предполагать дальнейшее движение цены и регулировать эту стратегию соответственно.

Рекомендуемый Форекс Metatrader 4 Торговая платформа

  • Свободно $30 Для того, чтобы начать торговать Мгновенно
  • Бонус на депозит до $5,000
  • Безлимитная Программа лояльности
  • Награды наградами Forex брокер

Как установить Forex Свинг торговую стратегию Floor трейдера?

  • Скачать Форекс Floor трейдера свинг-трейдинга Strategy.zip
  • *Скопируйте mq4 и ex4 файлы в директории Metatrader / эксперты / показатели /
  • Скопируйте файл TPL (шаблон) к вашему Metatrader каталог / шаблоны /
  • Запуск или перезапустить Metatrader Client
  • Выберите Диаграмма и Временной интервал, где вы хотите проверить свою стратегию форекс
  • Щелкните правой кнопкой мыши на торговом графике и наведении на “шаблон”
  • Перемещение вправо, чтобы выбрать Форекс Свинг торговую стратегию Floor трейдера
  • Вы увидите Forex Свинг Торговая стратегия Floor трейдера доступна на графике

*Заметка: Не все стратегии форекс поставляются с MQ4 файлами / eX4. Некоторые шаблоны уже интегрированы с MT4 индикаторы от MetaTrader платформы.

The Floor Trader’s Method Forex Trading Strategy-One of The Best Forex Trading Strategies Around

The floor traders method is a Forex trading strategy designed to capture the continuation of a trend using a combination of two moving averages.

It was originally designed as a swing trading strategy but with a few tweaks, day trading the floor trader method can work very well depending on the currency you are trading.

The strategy is not time frame dependent but smaller time frames do have an amount of random noise that can give any trader a headache.

Let’s get this out of the way – I doubt real floor traders used this method to trade but it is a catchy name. I can’t see them in the trading pits with terminals and charts!

In order to fully understand the floor traders method , you need to know these 3 important concepts about this trading system:

  1. The floor traders method is a retracement-continuation trading method
  2. The floor traders method uses moving averages for trend identification and then trade in the direction of the trend
  3. The floor traders trading signal/trading trigger is a reversal pattern that forms after the retracement

What Are Price Retracements?

A retracement is a fundamental price action pattern that happens in any market which forms part of the ebb and flow of price in liquid markets.

In a downtrend, price is going down in a stair stepping pattern as price makes lower swing highs and lower swing lows. During this time, price will rally against this pattern and may form a short term up trend in price.

This is a rally but the general term is “retracement” and this is where resistance comes into play for support and resistance traders.

As long as price does not start putting in the opposing price pattern, we can trade this retracement with the floor trader trading method.

Price can also be in an uptrend making higher highs and higher lows. When price falls against the up trend, we say that price is retracing.

PRICE RETRACE FOR FLOOR TRADING TRADING METHOD

The floor trader trading method looks to take advantage of these moves that are counter to the trend in order to have a trade setup in a trending market.

To determine if the market is trending, which direction it is trending, and to give us trader action zones, we will use two moving averages.

Moving Averages For The Floor Trader Method

Let’s say that moving averages have no magical powers over the market. They are reference points and that is why price action also makes up this trading method.

We are going to use the following moving averages: 9 and 18 period exponential moving averages. You can also use 20 period, simple moving averages or even a 30 period weighted average to replace the 18.

The indicators are not what matters.

What matters is the price action that occurs during the retracement to an objective area that some may consider support and resistance. Moving averages do not provide physical roadblocks to price though so keep that in mind.

Trading Plans For Selling Or Buying Using This Trading Strategy

Decide on which time frame you are going to use. You can use a combination of holding times such as taking a day trade and using partial trading position as a swing trade.

  • Day traders may choose a 15 minute chart
  • Swing traders may use hourly, four hour or daily charts
  • Position trader may decide on the weekly time frame for their trading setups

Test the following selling rules before you use any money:

  1. 9 EMA must have cross under the 18 EMA which gives us a downtrend. Ensure both moving averages are facing down or are in the process of turning.
  2. Ensure price trades for 3 candlesticks or bars below the moving averages
  3. Wait for price to retrace into the trader action zone (there are some rules I will cover below)
  4. Your trade is on the break of the candlestick that has reversed back in the direction of the trend

As with the selling rules, test these buying rules:

  1. 9 EMA must have cross over the 18 EMA which gives us an uptrend. Ensure both moving averages are facing up or are in the process of turning.
  2. Ensure price trades for 3 candlesticks or bars above the moving averages
  3. Wait for price to retrace into the trader action zone (there are some rules I will cover below)
  4. Your trade is on the break of the candlestick that has reversed back in the direction of the trend

Different Levels Of Trade Setups

The original floor traders method had some rules in regards to which trades you should take. They are labelled level 1, level 2 and level 3 trades.

Level 1 – Price enters the traders action zone and price touches the 18 EMA. This ensures you have a deep enough retracement in price.

Level 2 – Price retraces and while it pulls into the zone, it does not touch the deeper EMA.

Level 3 – These trades are only advised at the beginning of the trend. Price pulls back slightly and may or may not hit the 9 EMA

Ensure that your trading plan lays out which trades you will take and when.

Stop Loss And Profits

Some trades will suggest putting your stop loss just above or below the extreme candlestick.

They are horribly wrong.

Placing your stop in this location discounts that price may be forming a complex correction ( 2 stage retracement) and will be taking you out of your position at the moment you should be getting in!

I suggest you test using a multiple of ATR – average true range. This takes into account the current volatility of the market which the previous stop loss method does not. That type of suggestion is “textbook trading” and I can tell you with confidence that those traders make no money.

If the majority lose and the majority follow the same “advice”…..you get the picture.

Profit taking comes with the obvious that you won’t consistently get the full move. You will leave money on the table.

Consider scaling out at 1R ( 1 times your risk – risk 50 pips scale out at 50 pips). This gives you consistency and if you hit 1R, you can say that trade is working. Take some profits.

The remained could be trailed for larger gains or scaled out at multiples of R.

While some traders suggest look for reward/risk ratio of 3 to 1 – again – they are wrong. Price is going to move as it will and if you only aim for those targets, I assure you that you will lose money.

Markets don’t care about your ratio. Too many traders let profits run hoping for the 3R winner and end up watching paper profits erode during a retrace. The psychological mess this can produce is not worth it.

Should You Trade Floor Traders Strategy In Forex/Other Markets?

  • This is a trend trading strategy that looks to capitalize on trend patterns. If you catch the turn of a major trend, you can make a ton of pips
  • You are using an objective means to find trade locations (moving averages)
  • You are using a price action trading method to get into your trading position
  • You can trail your stop for larger gains after each retrace breaks higher or lower

Why You Should Ignore the Floor Traders Method

  • In a sideways trending market, this Forex strategy tends to give a lot of false signals.
  • In fast moving markets, the retracement happens not close to the EMA cross over and a big move has already happened prior to the sell or buy trade signal is given.

Experienced traders can use the moving averages as a sign to trade a breakout trading method once price begins to consolidate. I will cover that later.

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