Forex Morning Trade System

2 Overview of Forex Morning Trade System

I believe you are already eager to see how Forex Morning Trade System looks like. I'm giving here a simple screenshot of the chart with system indicators. I will explain everything in more details, including setting up the system in the following sections.

Some info for more experienced traders - the system is based on sound fundaments. It uses increase of volatility that happens in the beginning of European trading session, plus unique combination of indicators that give us high probability estimation on the direction of the future movement.

So here is how the system looks on the chart:

The system consists of two essential components:

 Momentum indicator - standard Momentum indicator with 60 period, computed from

Typical price 
 Commodity Channel Index - standard CCI indicator with 60 period, computed from Typical price

There is also an optional indicator that will help you with the trade:

 FxMorningTrade indicator (optional) - it displays the time when we should enter the trade, plus optional entry price, stop loss and profit target levels

That's the system. It looks quite simple, right? Let's now install the various components and then go through the whole system in more details.

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