Forex Day Monster Trading System
Forex Day Monster Trading System;
Forex Day Monster is designed for the trader who likes to trade smaller time frames like 5, 15 and 30 minute charts. Three new proprietary indicators were developed for use with this system. FDM Buy/Sell Pressure, FDM Multi-Trend and FDM Oscillator. The first two are used for entries and indicator based exit strategies while the FDM Oscillators are a filter to help filter out bad trades but also get you into strong moves early.
What about stop losses? Forex Day Monster uses a “safety stop” like Forex Profit Monster… although this stop loss is “tighter” than the FPM stop loss. Here’s an example of where a stop is set in the chart below. (Again, this isn’t a traditional stop loss… it’s only there to protect the account in case of a catastrophe. It’s not designed to be hit; all exit signals are to be generated by the Forex Day Monster system.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Day Monster Trading System?
- Download Forex Day Monster Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Day Monster Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.