Profitable FGM Fx Strategy Download FREE
The FGM Profitable Forex method is a crossover trading method that relies mostly on one trend filtering indicator and three moving averages.
Fig.1 (image above)
This trading method works with all mt4 currency pairs and timeframes.
How does it function? How do you use this in FX trading?.
Rules of Trading Explanation.
Buy entrance.
When all of the following criteria are satisfied, the buy long trade entry point occurs:
- The FGM 8 moving average (blue) is above the FGM 21 moving average (aqua),
- The price remains above the yellow FGM 50 moving average.
- Green appears as the indicator colour on ProfitableStrategy1.
- The stop loss might be placed a few pip below FGM 50.
Sell Entry.
When the aforementioned criteria are satisfied, the entry point for a short sell transaction is made:
- Compared to the FGM 21 moving average (aqua), the FGM 8 moving average (blue) is lower.
- The FGM 50 moving average (yellow) is still below the price.
- The indication for ProfitableStrategy1 changes to red;.
- The stop loss might be placed a few pip's above FGM 50.
Take profit and exit the trade.
When trading long (FGM 8 cross below FGM 21), exit trade; when trading short (FGM 8 cross above FGM 21).
Fig.2 (image above)
You can see the FGM Profitable Strategy in action in the image up there.
As usual, use wise money management to get the best outcomes. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Trading should be avoided at times and under unfavourable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.
In conclusion.
It is worthwhile to add the FGM Profitable Strategy to your trading toolkit, but keep in mind that you should have reasonable expectations. Like any other technical analysis tool, it is not always able to produce reliable signals. As a result, it will occasionally send out erroneous signals. The state of the market will have a huge impact on how it performs.
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