Rich Lazy Trader has been combined into One Simplified End of Day System for Prop Firm And Normal Trading  

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New Rich Lazy Trader 2024 - MT5 ONLY Updated Sept 24

Download the 27 Page Guide Here      NEW M15 SCALPING INFO

  Trading conditions are extremely difficult at the present time and so I have completely revised Rich Lazy Trader to cope with new unusual conditions. End of Day, longer term trading over several days is the way to go for profits, simplicity and less stress. Note that the Trendline indicator is not a moving average but combines several indicators in a unique way to make by far the best trend indication.

     We use the tried and tested Trendline indicator that has been a part of Rich Lazy Trader for 12 years but now updated for MT5. Additionally, for more accurate entry and exit points we use two together which allows us to safely trade over several days or even weeks. With a tight Stop Loss soon moved to Break Even and a huge 1,500 pip Take Profit it is possible to make very large trades winning 1,000+pips. For the last six weeks at time of writing we made over 10,000 pips profit with 13 out of 16 winning trades! This is equivalent to 9.5% on a Prop account or over 100% on a normal account. We have recently added the new RichLazyTrend indicator at the bottom of the chart for increased accuracy - primarily for the new M15 scalping where 10% a day is possible!

    Above is the USD/CAD for the last six weeks. We enter when both Trendlines change to the same colour and exit when one changes ( or we have 4 days or sideways movement). So, first trade was made at the start of candle 1. Not the colour change on candle 2 but we would have closed the trade after the 4th days of sideways movement for a decent profit. Second trade was opened on candle 3 and ran for 12 days until the colour change at 4. This made us 1,270 pips. The third trade was opened on candle 5 and is still open after 7 days with a 790 pips profit. I have stated a total of 2,060 pips but really we made over 2,200 pips using the 4 side by side candle rule.

   The benefits of using two Trendlines are safer entries and faster exits meaning less risky, much longer trades.

On the left you can see the fast 16 Trendline changed colour on the 1 Candle (quickly closing the previous Sell trade for a large profit). However, opening a Buy Trade on Candle 2 would have been a bad idea because we had 5 days of sideways movement, possibly hitting the SL on the next day.     The Slow 30 Trendline predicted a breakout on Candle 3 when both TrendLines were lime coloured - indicating a Buy Trade. Sure enough, we quickly got a large profit and were able to move the SL up to lock in a $300 profit. There was no big retrace and the trade remained a good one. With a single Trendline both the exit from the previous trade and the entry for the present trade would have been much, much less profitable.

    As well as the USD/CAD, we also trade the big moving Japanese Yen pairs GBP/JPY, USD/JPY, AUD/JPY plus Gold. Because of the different pricing of gold, we trade a tenth the Lot size to give the same results. In fact most instruments give a profit but these are the best. The use of a slow 30 period Trendline combined with a fast 16 period gives much better results that the previous single 24 period one allowing us to get in later when the trend is more established and exit sooner when is shown to end by the fast Trendline as you can see above. This enables us to sit back and relax for days without retraces scaring us...

M15 Scalping

      This is newly possible with greatly increased accuracy and confidence due to the new RichLazyTrend indicator created for MT5 specifically for shorter term charts to allow tight Stop Losses and so larger Lot sizes. With a very high success rate, we can use up to 1 Lot per $1,000 on a normal account to make hundreds in a few minutes as shown in the pdf Guide.

Prop Firm Trading

    This method is extremely good for Prop Firm trading with a very low drawdown and high profits meaning we target 10% in two months but it is possible in a single month given good conditions. I will assume that anyone considering Prop Trading has some experience and has done their research so there should be no need for a lengthy description here but -  Beware, many Prop firms are not paying out or falsely closing accounts. Please only use our recommended one where I am successfully trading $150,000 and people are getting payouts on real money (not demo) accounts. Full instructions for Prop Firm trading are in the pdf Guide. Now, we can also scalp off the M15 charts if you have the time and easily make the 10% in a couple of weeks...

Recommended Brokers

 In order to maximise profits it is essential to use a broker with 1:500 leverage.

     N1C has everything we could want, good reviews, accepts US clients with no restrictions and it's regulated. Up to 1000:1 leverage, tight spreads and the normal end of day time. Choose their ECN account with the highest leverage. Best to deposit and withdraw using bitcoin as the charges are minimal and it works extremely well. Withdrawals usually only take a couple of hours. Many other deposit and withdrawal methods available. They also have an MT4/MT5 for MAC. Very fast support via Telegram.

    Fusion Markets is a good choice for non US clients as it is fully regulated, has tight spreads and many deposit/withdrawal methods including PayPal which makes life very easy. Tried and tested with good reviews, high leverage and over 20 different deposit/withdrawal methods available. Choose an MT4 Classic or Zero account.