Introduction to the Forex Gain Formula Trading System
The Forex Gain Formula is a manual trading system that is considered to be very effective as it gives a lot of opportunities to make money in the forex market.
Please note, that Forex Gain Formula was developed to be simple and at the same time very profitable trading system – unlike the other trading systems, Forex Gain Formula has a long and proven history of efficiency. You can count on it even during unfavorable market conditions.
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How to trade with Forex Gain Formula Trading System?
Open long position (BUY), when the following conditions are met:
1. Blue candle bar closes above FGF_35SMA high line (you will an receive alert)
2. FGF_BURDYS and FGF_FBURD indicators draw a blue bar.
Open short position (SELL), when the following conditions are met:
1. Red candle bar closes below FGF_35SMA low line (you will an receive alert);
2. FGF_BURDYS and FGF_FBURD indicators draw a red bar.
Exit trades when:
Exit trade when indicators turns agaist your trade direction.
Trailing stop could be applied, stop loss for it depends on timeframe.
Stop loss should be placed at previous low or high.
Recommendation not to risk more than 2% of your initial capital per trade.
How to set up the Forex Gain Formula Trading System in MT4?
Download the Forex Gain Formula Trading System.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Forex Gain Formula Trading System into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Furthermore, to run the Forex Gain Formula Trading System you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Forex Gain Formula Trading System.tpl file into that folder. Now select the file and click Open to load the system on your chart.
The Forex Gain Formula Trading System is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.
Download Free MT4 Forex Gain Formula Trading System
To download the Forex Gain Formula Trading System for Metatrader 4 (MT4) for free just click the button below: