'The Puria Method' is an excellent Forex strategy that makes at least 50 points per day. However, the system has its own specifics and doesn't work equally well for all currency pairs. So, let's look at the choice of instruments and selecting take-profits. You won't make many points per day, but the profit would be stable and you could gather a significant sum of money within a month.
1. Simple Forex Scalping Strategy ‘The Puria Method’
‘The Puria Method’ is an excellent Forex scalping strategy that makes at least 50 points per day.
However, the system has its own specifics and doesn’t work equally well for all currency pairs. So, let’s
look at the choice of instruments and selecting take-profits. You won’t make many points per day, but
the profit would be stable and you could gather a significant sum of money within a month. You should
find a reliable Forex broker that offers the Metatrader 4 trading platform to use this Forex scalping
strategy.
Description of Forex Scalping Strategy ‘The Puria Method’
When using ‘The Puria Method’ Forex scalping strategy, profitable signals often appear on the currency
pairs listed. Moreover, we’ve stated the size of take-profit and the suggested timeframe for each
instrument:
AUDJPY - M30 - 15 pips
NZDUSD - 1H - 25 pips
USDCAD - H1 - 20 pips
EURGBP - H1 - 10 pips
USDJPY - M30 - 15 pips
GBPUSD - М30 - 20 pips
USDCHF - M30 - 10 pips
EURCHF - H1 - 15 pips
AUDUSD - M30 - 10 pips
EURJPY - M30 - 15 pips
CHFJPY - 1H - 15 pips
CADJPY - M30 - 20 pips
EURUSD - M30 - 15 pips
As well as many other Forex trading strategies, ‘The Puria Method’ needs you to adjust the chart of a
chosen currency pair. For starters, you should place the following indicators:
- A moving average (MA) with period 85 applied to Low. You should choose the linear weighted
moving average. The MA is shown as a dark yellow line on our chart
- A moving average with period 75 applied to Low. You should choose the linear weighted moving
average. The MA is shown as a blue line on our chart
- A moving average with period 5 applied to Close. You should choose the exponential moving
average. The MA is shown as a red line on our chart
- The MACD indicator with parameters 15, 26, 1
All of these mt4 indicators can easily be found in the Metatrader 4 trading terminal. You should find a
reliable Forex broker, because if your dealing center doesn’t actually allow you to make profit, it doesn’t
matter if your Forex strategies are profitable or not.
2. Rules for Opening Trades
As long as the red MA has crossed two other MAs from the top downward and the MACD indicator has
sent signals (one bar closes below zero line), we open a sell trade. For a buy trade, the conditions are
the exact opposite.
As well as all free Forex trading strategies, ‘The Puria Method’ won’t produce any profit if you do not
follow all of its rules. One essential condition is placing a stop loss, the maximum value of which
shouldn’t exceed 14 points.
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