Open trading account 
Hello my name is Farid i'm really happy i won 3rd place in strategy contest and i would like to thank dukascopy for that opportunity and good luck to all the traders .
i will talk about myself and explain the winning strategy i used last month .
I start trading since 8 years ago , and my reason for that because i want to improve my self and try to make a good progress in my experimental life behind my studding in university . and the second reason for that also because i read more about trading forex and i enjoy with it and try to it and explore this world .
I won more contests before in Dukascopy started from Trader contest i won on it 2 times and Touch binaries contest i won on it also 2 times also and i love extreme contest i won on it 2 times , i won also on article contest 2 times , and fundamental analysis contest i won on it 11 times ago . and in live contests that created last month i won in those 2 contests live fx trader contest 2 times and finally live CFD trader contest i won on it 1 time .
I like trading with more pairs in markets , i like trading on pair euro/usd very much because of its respecting for technical analysis and also it lower spread in most times on the day ,
I like also trading on USD/JPY cause its unique movements that related to indexes movements .
Last pair i love trading on is NZD/USD that have a small range movements with small margin required , the best prevelage on it that it respect the technical analysis also and its matching with Australian dollar .
And about my strategy i have got more than 1 year for establish my winning strategy for more reasons
markets are have different movements and cases all over the same year , that in the days of the end of year have quite movements and stratifies that depend on scalping small points can success very well but strategies that depend on take rallies can perform well on this times , so i tried to find strategy can move and trade in all cases of markets and dont make strong draw down .
My advice to novice very simple : try to put main thing ahead your eyes ,, Money management . money management is the main proportion on earning in markets .
Money management will protect you from the unexpected moves in markets and it take to much in time but will help you to make regular profits and protect your balance from strong draw downs in future that can clear all your profits you made in long time and after you go to trade raise your risk that consider the finish of the trading account .
In the second level of importance is the strategy you will work with it : try to use strategy that can work in all conditions of markets , can work in quite days and can work with storming days in markets that can move pairs with more than 200 and 300 points ,
I cope with fear in markets by regular money management that give me more quite when i open trades and not fear from this loss because i consider it part of my trade ,
I know when start trading that i can earn and loss of trades , but my money management give me confidence in opening trading , if you loss this trade i can earn the coming trade and clear my losses and starting make profits again .
In the other side i cope with my greed by part my accounts to 2 parts , first part in the most important part have my main balance and this part i trade on it with tight money management without any more risk to maintain my capital from any sudden movements in markets .
The second part is to create other account and trade on it by small part of profits and on this account i can raise the risk of my trading and can trade on main news and can use the high ranged pairs such south African rand or Turkish lira .
Now i will start explain my strategy that i won by it .
First this strategy worked well with small frames such 1 minute and 5 minutes and 15 minutes .
I traded this month with 1 minute frame .
And the pairs that it trade good with are eur/jpy and eur/usd .
And i trade this month with eur/jpy pair .
This strategy consists of 2 indicators :
First bollinger bands and its 3 bands of moving average 20 .
Seconds i use also relative strength index (RSI) and its time periods 20 days and 7 days .
It work with simple method in opening buy and sell trades
First in buy trades price should closes outside the lower line of the Bollinger Bands and RSI below 30 level and the current candle's close price below lower Band and rsi below lower line in the next candle directly it open buy trade .
In other side in sell trades price closes outside the upper line of the Bollinger Bands and RSI above 70 level and the current candle's close price above upper Band and rsi above upper line .
the close of trades in buy trades in same time of open sell trades and because of that i didn't put stop losses or take profits .
this strategy in 1 day can open average of 20 to 30 trades with take profits around 1 point to 30 points and it depend on the movement of markets and range of movement of the pair that i trade on it .
this strategy also in trade on it 24 hours so i can trade in quite and storming market conditions .
and here is some charts to explain the used indicators and the trading logic :::
i will talk about myself and explain the winning strategy i used last month .
I start trading since 8 years ago , and my reason for that because i want to improve my self and try to make a good progress in my experimental life behind my studding in university . and the second reason for that also because i read more about trading forex and i enjoy with it and try to it and explore this world .
I won more contests before in Dukascopy started from Trader contest i won on it 2 times and Touch binaries contest i won on it also 2 times also and i love extreme contest i won on it 2 times , i won also on article contest 2 times , and fundamental analysis contest i won on it 11 times ago . and in live contests that created last month i won in those 2 contests live fx trader contest 2 times and finally live CFD trader contest i won on it 1 time .
I like trading with more pairs in markets , i like trading on pair euro/usd very much because of its respecting for technical analysis and also it lower spread in most times on the day ,
I like also trading on USD/JPY cause its unique movements that related to indexes movements .
Last pair i love trading on is NZD/USD that have a small range movements with small margin required , the best prevelage on it that it respect the technical analysis also and its matching with Australian dollar .
And about my strategy i have got more than 1 year for establish my winning strategy for more reasons
markets are have different movements and cases all over the same year , that in the days of the end of year have quite movements and stratifies that depend on scalping small points can success very well but strategies that depend on take rallies can perform well on this times , so i tried to find strategy can move and trade in all cases of markets and dont make strong draw down .
My advice to novice very simple : try to put main thing ahead your eyes ,, Money management . money management is the main proportion on earning in markets .
Money management will protect you from the unexpected moves in markets and it take to much in time but will help you to make regular profits and protect your balance from strong draw downs in future that can clear all your profits you made in long time and after you go to trade raise your risk that consider the finish of the trading account .
In the second level of importance is the strategy you will work with it : try to use strategy that can work in all conditions of markets , can work in quite days and can work with storming days in markets that can move pairs with more than 200 and 300 points ,
I cope with fear in markets by regular money management that give me more quite when i open trades and not fear from this loss because i consider it part of my trade ,
I know when start trading that i can earn and loss of trades , but my money management give me confidence in opening trading , if you loss this trade i can earn the coming trade and clear my losses and starting make profits again .
In the other side i cope with my greed by part my accounts to 2 parts , first part in the most important part have my main balance and this part i trade on it with tight money management without any more risk to maintain my capital from any sudden movements in markets .
The second part is to create other account and trade on it by small part of profits and on this account i can raise the risk of my trading and can trade on main news and can use the high ranged pairs such south African rand or Turkish lira .
Now i will start explain my strategy that i won by it .
First this strategy worked well with small frames such 1 minute and 5 minutes and 15 minutes .
I traded this month with 1 minute frame .
And the pairs that it trade good with are eur/jpy and eur/usd .
And i trade this month with eur/jpy pair .
This strategy consists of 2 indicators :
First bollinger bands and its 3 bands of moving average 20 .
Seconds i use also relative strength index (RSI) and its time periods 20 days and 7 days .
It work with simple method in opening buy and sell trades
First in buy trades price should closes outside the lower line of the Bollinger Bands and RSI below 30 level and the current candle's close price below lower Band and rsi below lower line in the next candle directly it open buy trade .
In other side in sell trades price closes outside the upper line of the Bollinger Bands and RSI above 70 level and the current candle's close price above upper Band and rsi above upper line .
the close of trades in buy trades in same time of open sell trades and because of that i didn't put stop losses or take profits .
this strategy in 1 day can open average of 20 to 30 trades with take profits around 1 point to 30 points and it depend on the movement of markets and range of movement of the pair that i trade on it .
this strategy also in trade on it 24 hours so i can trade in quite and storming market conditions .
and here is some charts to explain the used indicators and the trading logic :::
