FGM Profitable Strategy
Trading Systems Last update: August 16, 2024The FGM Profitable Strategy is a crossover trading system mainly based on the three moving averages and one trend filtering indicator.
How does this fgm strategy work?
Trading Rules Explanation
Buy Entry
Entry point for long trade occurs when the following conditions are met:
- the FGM 8 moving average (blue) is above the FGM 21 moving average (aqua);
- price stays above the FGM 50 moving average (yellow);
- ProfitableStrategy1 indicator color turns green;
- you can set the stop loss a few pips below FGM 50.
Sell Entry
Entry point for short trade occurs when the following conditions are met:
- the FGM 8 moving average (blue) is below the FGM 21 moving average (aqua);
- price stays below the FGM 50 moving average (yellow);
- ProfitableStrategy1 indicator color turns red ;
- you can set the stop loss a few pips above FGM 50.
Exit Trade / Take Profit
Exit trade when the FGM 8 cross below FGM 21 when long trade, and when FGM 8 cross above FGM 21 when short trade.
In the picture above you can see the FGM Profitable Strategy in action.
