Strategy To Make Profit During A Sideways Trend

Alan Solosh here, the passive income guru, in this video tutorial explains to you how to make money if you're stuck in a sidewards trend.

Right? So welcome to the webinar. Let me explain to you what's on my screen. So if you're trading the best forex EA and you're stuck in a trend, so let's say you, you started the robot down here, okay? And the robot places sell trades. So the price trends and it places a sell trade, the price trends and the places a sell trade. So in the beginning your take profit line is down here somewhere. And as the, as the new trades open, your take profit is moved upwards. Okay, so let's say hypothetically that you now have all these trades open to here. This is your last trade. So in other words.

So let's say that doesn't exist. We can't see that yet. Okay? Right. So that's where we are. Okay, so now let's say that the price goes up and it stops here and then the price starts to reverse. Okay? So now these trades over here, one, I'm gonna put them in, in green. Okay? I'm gonna make these trades green here. So these trades here are now green because they've gone into profit. Right? I should actually make them blue, but okay, we'll just make them green. Okay, so these, these trades go into the green color, they profitable and then all of a sudden what happens is, is that there is a trend reversal. Now as you can see, we definitely know that the trend has reversed because this is your second candle that opened above the 8 exponential moving average. So instead of waiting for the next trend to reverse, what you can do is you can close these trades out. All these trades, all of these trades over here in, in green. You can close them out in profit. So if you catch it early enough, you'll be able to.

Actualize profit while.

The, while you're stuck in a trend. Alright? So you'll never know how long a trend is. All you know is that you're in a trend. That's what you know, 100% sure. Okay. We know that the trend is reversed. So instead of waiting for all your blues to then go red, all your profitable trades to then go into a minus again, you can.

Do the following. You can close the trades manually by hitting the X in the trade terminal on the vpn. So let me just open up a VPN here and show you how to do that. There is a video on my website that shows you how to. On the frequently asked question section, let Me just see if I can just move this button down here. 543-075 let's just see what this is. Okay, cool. So let's just move this over to the right so that you can see it. So you can see here on the right hand side there is an X. Now sometimes it'll take you three clicks to close.

To close those trades. So one click is going to open a window and it's going to say do you want to close your trades? And there's a little check mark checkbox and you say, you click it and then you click ok. Then you close it and then another box will open over here for you to close the trade and then you click OK and then you close the trade. So it's basically two to three clicks before you can close a trade. What you can do so you can do it manually. Alternatively what you can do is there is an EA that I created which is called the.

Close all profit trades and that will close all your profitable trades in one go. Okay, so when you open it up, so let's just open it up here on the empty chart and I'll show you what to do there. Right, so over here you put in here the currency pair. So you double click it and you say EUR USD or whatever pair that you're wanting to close. Close positive trades true close positive trades at moving average. You can just make this false and then you can just remove, remove all of this. Just ignore all of this information and then say remove EA after closing. That must be true. Do not set that to false because if you set it to false, what will happen is, is that it leaves the EA on the chart and then every time a trade goes positive, it will automatically close their trade. And that's not what you wanted to do. What you're wanting to do is after your trades. So once you click ok, all your profitable trades will be closed out in one go. You can also save the preset so that when you load this, the ea, you can just load the preset so you don't have to fill out all this information again. Okay, so everything's saved. So what you're wanting to do is what you, what you're trying to achieve is you're trying to achieve the following. You want the, you want to close these trades in, in profit and then what will happen is as follows. So let me just delete these lines. Okay, so what is going to happen is so let's say you close.

You close all the trades over here, which is.

Just as the currency or sorry, the price comes up here, it comes down here, it doesn't hit your take profit. And now the trend reverses. So over here at this line here, let's just put a little line over there, right? This is where you've closed out all your, all your take, all your positive trades. What's going to happen is, is that when the currency moves up, the most amazing thing is going to happen. A new sell trade is going to open. And if it goes up again, a new sell trade will open and it'll carry on going up. Okay? So then another trade will open over here. And what will happen is, is that your take profit will either move up because once you've closed out your trades, your, your take profit automatically cost averages all the way down.

Okay? So your, your take profit will cost average. So once you've closed these trades, your take profit moves down. So you want your take profit to carry on moving up with the, with the robot. So you're not going to remove the best forex ea from your chart. You're going to leave it and it's going to carry on trading. Okay? Once you've closed out your, your trades in profit, once the currency starts to trend up again, new trades will open, okay? And hopefully you'll have enough trades that open over there and open over here and then open over here. And if your exposure is getting too much, you can change the lot size down from whatever lot size you were using. So if you're concerned that.

Your drawdown is getting out of hand. So let's say you're using a lot size of one lot, okay? You can change your lot size. You just open up the ea, you change your lot size to whatever lot size you prefer to use and then the next trades that open will be the, will be the correct lot size. Okay? And then when, so what will happen now is the take profit has now moved up. So now the take profit is, let's say. Yeah, let's try, try that again.

Let's say the take profit is there.

This is the take profit. Here we go. Right? So that's the take profit. It's moved up. When the currency reverses, it'll go through your, your take profit and the whole sequence will change. If bias, maybe it starts to trend sideways and you'll repeat the process, wait for a clear indication that the trend has reversed. Okay, I've got my technique of knowing it's reversed. I find that it's pretty accurate. If you've got your own technique, that's great, you can use that and then just close out the trades manually rinse and repeat this process until you're bored or until you've made enough money. Now what you can do is if you've done this three, four or five times, the profit that you've made from these trades will probably outweigh the loss of these trades. So what you can do is once you've closed out all your trades after three or four times of doing this, you can then close out your existing, the existing sequence and let the robot reboot and get into a new sequence and let the, the automation of the robot take place of you having to, to manually then do this opening or rather closing of the trades and then, you know, reading the chart. So I'm going to open the floor now to questions. If you've got any questions, you can unmute yourself now. And if you didn't understand, it's understandable because it's probably, probably a new strategy for you. What you can do is you can just watch this video. I'm going to post it on the training website and under section four called New Strategies. Okay, well I hope that you use the strategy and you can start making some extra cash using the subject. And then if you've got any other things that you want me to do discuss, you can just post them on the telegram group and I will be happy to make other videos to help you make more passive income. So thanks for joining me and I'll speak to you on the telegram groups. Have a good day guys.