Forex Morning Trade System

4.1.4 Using the FxMorningTrade indicator

In the example screenshots before I hid my FxMorningTrade indicator, so that you understand the core of the rules.

My FxMorningTrade indicator makes it very convenient to trade, because it automatically checks the conditions for you and give you the guidance - LONG, SHORT or NO TRADE.

Warning! Don't rely solely on this indicator. At least in the beginning you should read the indicators for yourself. You should always know what you are doing and double check before you enter the trade.

4.2 Exiting the trade

We will always use fixed Profit Target 40 pips and fixed Stop Loss 40 pips. After we enter the trade, we don't manage it; we simply wait until it hits profit or loss. You can leave the computer and check the result in the evening or next morning.

ALWAYS DOUBLECHECK that you have set your Stop Loss and Profit Target properly before leaving the computer!

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