Forex Morning Trade System
Table of Contents
1 Introduction and welcome .............................................................................................................. 5
2 Overview of Forex Morning Trade System ...................................................................................... 6
3 Setting up the system ...................................................................................................................... 7
3.1 Opening an account................................................................................................................. 7
3.2 Installing MetaTrader .............................................................................................................. 8
3.3 Installing the indicators ........................................................................................................... 8
3.4 Installing the template ............................................................................................................ 9
3.5 Opening the chart .................................................................................................................... 9
3.6 Chart & Indicators explained ................................................................................................. 14
3.6.1 Momentum .................................................................................................................... 14
3.6.2 Commodity Chanel Index - CCI ..................................................................................... 15
3.6.3 FxMorningTrade indicator ............................................................................................. 15
4 Forex Morning Trade System rules ............................................................................................... 16
4.1 Entering the trade ................................................................................................................. 16
4.1.1 LONG signal ................................................................................................................... 16
4.1.2 SHORT signal .................................................................................................................. 17
4.1.3 NO TRADE ...................................................................................................................... 18
4.1.4 Using the FxMorningTrade indicator ............................................................................. 19
4.2 Exiting the trade .................................................................................................................... 19
4.3 Practical example of a trade .................................................................................................. 20
5 Money management ..................................................................................................................... 24
6 Real Trade Examples...................................................................................................................... 25
6.1 12 July 2010 ........................................................................................................................... 25
6.2 13 July 2010 ........................................................................................................................... 26
6.3 14 July 2010 ........................................................................................................................... 27
6.4 15 July 2010 ........................................................................................................................... 28
6.5 16 July 2010 ........................................................................................................................... 29
6.6 19 July 2010 ........................................................................................................................... 30
6.7 20 July 2010 ........................................................................................................................... 31
6.8 21 July 2010 ........................................................................................................................... 32
6.9 22 July 2010 ........................................................................................................................... 33
6.10 23 July 2010 ........................................................................................................................... 34
6.11 Total results for the two weeks ............................................................................................. 35 7 Questions & Answers .................................................................................................................... 36 8 Final Words .................................................................................................................................... 38
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