# Forex Gambit trading strategy: Profit of one trade from a few hundred to 1000 pips

Forex Gambit Strategy allows you to get accurate signals for entering the market with a high probability. There is only one indicator involved in the strategy - Bollinger lineswhich makes this strategy also very simple.

The Forex Gambit strategy belongs to chess player Walter T Downs, who, according to him, has achieved excellent results in Forex trading thanks to his strategy. Apparently this is where the strategy is named after the chess term "gambit", which means: sacrifice "the little" to seize the "main".

Apparently, the author of the strategy takes the waiting time to enter the market as "small". Since signals to enter the Forex Gambit strategy occur very rarely (once a week for one of the pairs). Thus, it turns out that You have to sacrifice a lot of time in order to capture more profits in the future.

### Input parameters

• Currency pairs: any
• Timeframe: D1 (daily).
• Type of strategy: trending, indicator

### Used indicators

Bollinger lines with the following parameters:

• Bollinger Bands 1: Period = 30, Shift = 0, Deviation = 1, Apply to: Close, Color = red
• Bollinger Bands 2: Period = 30, Shift = 0, Deviation = 2, Apply to: Close, Color = green

### Forex Gambit Strategy Indicator Signals for Entering the Market

Open Buy orderWhen the High and Low point of the signal candle is lower respectively High and Low points of the back candle, while the body of the signal candle must close above the middle of the range of the signal candle, as well as the body of the signal candle must be above the average Bollinger line, which thus must grow at least over the past 10 days. Order buy opens on the candle following the signal candle:

StopLoss should be set a few points below the point of Low signal candle and transfer to Breakeven (in the order opening point) on the fourth day, i.e. when the 5th candle after the signal candle appears. And the transaction should be exited when the price crosses the upper green Bollinger line.

Open Sell orderWhen the High point and Low point of the signal candle above respectively the High point and Low point of the back candle, while the body of the signal candle must close below the middle of the range of the signal candle, as well as the body of the signal candle must be below the average Bollinger line, which must then fall minimum over the past 10 days. A sell order is opened on the next candle after the signal candle:

StopLoss should be set a few points above the High point of the signal candle and move it to Breakeven (in the order opening point) on the fourth day, i.e. when the 5th candle after the signal candle appears. And the transaction should be exited when the price crosses the lower green Bollinger line.

Since the work with the Forex Gambit strategy is conducted on daily charts, the signals to open orders appear very rarely (once a week for one of the pairs), but Profit of one deal can reach from several hundred to 1000 pips. To get more frequent signals to enter the market, you can apply the strategy to all available classic pairs.

According to ForTrader.org experts, signals to open orders using the Forex Gambit strategy appear very rarely, but with great accuracy and impressive profits.