10 Strategies You Can Copy off Our Best Copy Traders

You might think that the best traders rely on complex strategies to achieve consistent profits. But what if you could follow their trades and learn from their approach?

Today, we’re sharing 10 trading strategies that experienced traders have used successfully. Strategies you can now copy through our copy trading platform.

While these strategies may be familiar, what sets skilled traders apart is their ability to apply them with precision.

The good news?

You don’t need years of experience to benefit from their insights.

You can follow their trades and see how they navigate the markets in real time.

Here are the 10 trading strategies traders use as signals to copy

1. Breakout trading

Use support and resistance levels and trade the momentum of a break either long or short. Often, once an instrument (Gold shown below) breaks a key support or resistance level, it can make a strong run higher or lower.

Short-term traders love this type of move. Traders will often place a stop on the other side of the breakout level, which provides an excellent risk:reward trading setup.

2. Swing trading

Trading the swings in the market. Find an up-trending FX pair that is oversold and buy on a confirmed swing higher. Or a down trending FX pair that is overbought and sell on a confirmed swing lower.

One strategy many like to follow is to find solid uptrending FX pairs and use an oscillator to show oversold levels. On confirmation of the FX pair turning out of oversold, they go long.

3. Forex scalping

This is where a trader is looking to lock in gains on small price swings and stopping out with small stops. The risk-reward is often 1:1, and this strategy relies more on a high win percentage.

For example, last month’s winning trader used a style of scalping to claim victory.

You can read more about his method via the chart below or ready about it in full here.

4. Price action trading

As our Price Action Specialist likes to say, ‘Trading Naked’ means using minimal indicators and focusing solely on price action. Many price action traders prefer fundamental data over technical indicators but still analyze trends before executing trades.

Smart Money Concepts (SMC) trading has gained popularity by identifying institutional order flow and liquidity zones to refine price action strategies. He recently wrote a blog titled Mastering the Market with Smart Money Concepts – 5 Strategic Approaches, which is worth reading.

By incorporating SMC, traders can enhance their decision-making process and improve trade precision within the market.

5. Trend following

Popularised by the Turtle Traders and then Curtis Faith (a former Turtle Trader), this involves riding trending moves for as long as possible, using trailing stops and maximise your opportunity by adding to winning positions and cutting losses short.

6. Range bound trading

Using oscillators (overbought and oversold indicators like the Stochastic or RSI) and buying weakness and selling strength in range-bound markets. The mantra here is to ‘buy weakness’ and ‘sell strength’.

One key to picking moves when using oscillators, is to understand that oscillators are terrible in trending markets.

The stochastic indicator for example, is looking for where is today’s close in relation to the high or low over the last X days. So if a market is trending, the stochastic will continue to show overbought, when in fact it is just trending.

That’s where range bound traders find their niche. Find a sideways market, apply your oscillators, like the stochastic, and trade the overbought and oversold signals.

7. Automated trading through Expert Advisors (EAs)

Gustavo, a standout trader in the Trading Cup, has consistently demonstrated the power of automated strategies. As a previous Trading Cup prize winner, he used his Expert Advisors (EAs) to achieve an incredible return, securing his place in our Grand Final in Macau. In Stage 2 of the Trading Cup, he ranked 8th after the first week of trading, already up 20.59%, as shown below.

The impact of EAs in competitive trading was evident throughout our year-long Trading Cup contest, where 70% of the top 10 traders relied on automated strategies, including four of the top five.

The reason EAs perform so well is simple: they remove emotional decision-making, allowing for consistent execution of strategies without hesitation or fear. Unlike manual traders, EAs analyse market conditions continuously, 24/5, taking advantage of every opportunity the forex markets present.

To maximise efficiency, top traders like Gustavo run their EAs on a Forex VPS service, ensuring uninterrupted trading with minimal latency.

8. Candlestick charts

Steve Nison made this technique famous, and this is the most common way for viewing charts all around the world.

There are many bullish and bearish candlestick patterns such as Bullish/bearish engulfing pattern, Piercing line, Dark Cloud Cover, Rising three periods, Doji star, hammer, bullish/bearish harami. You can use candles for both entries and exits.

Many traders love to use these top 5 candlestick trading formations every trader must know.

9. Pattern trading

This strategy is excellent for visual traders who can spot patterns such as ascending triangles, pennants, flags, double and triple tops/bottoms, head and shoulder patterns and cup and saucer to name a few.

My personal trading journey began 25 years ago, where I focused solely on trading the Ascending Triangle pattern on low cap stocks on the Australian Stock Exchange.

Over time, mastering this pattern helped me understand the importance of focusing on one strategy within a single timeframe and asset class. I have since applied this pattern-based visual trading approach to the Forex and Gold markets, refining my technical analysis even further.

10. Fibonacci trading

Fibonacci is freely available on all MT4 & MT5 platforms and helps traders identify key retracement levels and Fibonacci extension levels based on the Fibonacci ratios.

Many traders like to use Fibonacci levels for key retracement levels, support and resistance levels and potential price extensions.

What trading methods are you going to follow?

You may already have a favourite strategy, or perhaps you’re still exploring different approaches to trading.

With copy trading, you can follow experienced traders, learn from their strategies, and see how they navigate the markets in real time.

No matter what you choose, gaining exposure to different trading styles can help you refine your approach and build confidence in the markets.

Nothing beats learning from skilled traders and seeing their strategies in action. Start copying trades today and take your trading journey to the next level.

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