Forex Morning Trade System

You should realize that because we have to act quickly and the price constantly moves, I don't have time to compute Stop Loss and Profit Target absolutely exactly. Instead, I use the values provided by FxMorningTrade indicator. The difference is usually within 1-2 pips, which is pretty acceptable.

If you want to change these values to exact 40 pips, you can always edit the position from the Terminal window, by right clicking on it and choosing Modify or Delete Order.

Also, some brokers don't allow setting Stop Loss and Profit target values on market order. If you use such broker, you simply create a market order and then set Stop Loss and Profit levels by Modify or Delete Order.

And how the trade finished?

After the entry it went down a little, going close to our Stop Loss, but then it reversed and went up as expected. Two and half hours later it hit our profit target, and we have made 38,3 pips.

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