No-Touch Trading Strategy
The no touch trading strategy is not the easiest of trading strategies to use, but it is also one of the more profitable ones. Many trading strategies can be classified as one touch strategies, and the no touch strategy is the exact opposite of those. A good no touch trading session can generate profits anywhere from 300 to 500 percent.
What Is No Touch Trading?
No touch trading involves predicting the price of an asset, or more specifically, predicting whether or not the value of an asset will go up or down. However there is more to it than that, because you are also trying to predict that the value of an asset will not go below or above a certain price point. Best currencies used with this strategy: Eur/Usd, Usd/Chf, Usd/Cad and Nzd/Usd.
No Touch Trading Preparations
The absolute most crucial part of being successful at no touch trading is the preparations that you need to make before starting. Without the proper set up you are almost guaranteed to lose the trade.
The first thing you need is some kind of charting solution that provides you with up to date price values, time frames, and market activity. Something like Free Stock Charts, Investing, or FX Empire will do just fine. Another thing you will need to do is to choose relatively stable currency pairs. You want stable currency pairs such as EUR/USD or USD/CAD because they are not very volatile and are not prone to changing directions.
After that, when you have your trading program set up, set the expiry time to 15 minutes and add an exponential moving average with an expiry time of 20 minutes.
Executing No Touch Trades
Now the trick is to simply wait for the right opportunity and strike a trade when the time is right. First of all, if your moving average line crosses through any of the candles, you don’t place a trade. If the average moving line is below the candle, then you are on the right track. Once your moving average line passes under the first candle, wait for the line to pass under a second candle for confirmation that your trade will be successful (most likely). Once you have confirmation from the second candle and the line does not go below the second candle, execute the trade, saying that the price will not go below that point. This also works in the other direction in the exact same way.
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