Get $30 No Deposit Bonus With The #1 Forex Broker

Click the button below to claim your FREE USD30 No Deposit Bonus with the #1 forex broker worldwide


Get $30 Free Now To Trade!

Simple Inside Bar Forex Trading Strategy

A simple forex trading strategy to trade daily time frame’s. It can be used on any currency pair and requires only 5-10 minutes of your time to check for valid trading setups.

What is an inside candlestick bar? It’s a candlestick that completely forms within the previous candlestick daily high -daily low trading range.

Download: Download the inside bar candlestick forex indicator

Inside Candlestick Bar Example:

inside-candlestick-forex-bar

Trading Strategy Rules & Example

  • Spot any inside candlestick bar on the daily time frame.
  • Place an order to buy 3 pips above the previous candlestick.
  • Place and order to sell 3 pips below the previous candlestick.
  • For buy orders: place stop loss 1 pip below the inside bar’s daily low.
  • For sell orders: place stop loss 1 pip above the inside bar’s daily high.
  • Use risk-to-reward 1:1.5 or better (risking 100 pips to make 150 pips).
  • Recommended: Set stop loss to break even at 100 pips profit.
  • Close the trade at your profit target level or if a valid inside bar trade appears in the opposite direction of the original trade.

eurusd-inside-candlestick-strategy

Setup 1: We bought the EUR/USD at 1.3216 with our stop loss placed 1 pip below the inside bar’s daily low at 1.3084 (short order immediately cancelled).

Total risk: 1.3216 – 1.3084 = 132 pips

Our target level: 132 pips x 1.5 = 198 pips at 1.3414. This setup never reached our target but we moved the stop loss to break even (+100 pips trading rule). This trade was closed for 0 pips.

Setup 2: We sold the EUR/USD at 1.3158 with our stop loss placed 1 pip above the inside bar’s daily high at 1.3278 (long order immediately cancelled).

Total risk: 1.3278 – 1.3158 = 120 pips.

Our target level: 120 pips x 1.5 = 180 pips at 1.2978. This trade was closed for 180 pips.

Download Forex Analyzer PRO For Free Today!

Brand New Forex System With Super Accurate And Fast Signals Generating Technology.

Forex Analyzer PRO generates buy and sell signals right on your chart with laser accuracy and NEVER REPAINTS!

  • Up To 200 Pips Every Day
  • Buy And Sell Forex Signals
  • Advanced Daily Range Detection
  • Email & Mobile Trading Alerts
  • No Repainting Or Lagging