Forex Profit Monster Trading System
Forex Profit Monster Trading System:
Forex Profit Monster is an easy to use mechanical trading system that helps take the guesswork out of trading the Forex market. It’s a manual strategy based on momentum and price action that includes a set of custom indicators and custom templates to automatically set up your charts.
Forex Profit Monster comes as a complete forex trading system including several e-books on how to trade Forex, so even if you’ve never traded before you’ll get everything you need to learn to trade!
Forex Profit Monster is designed to be used with the FREE MT4 trading platform and will provide clear entry and exit signals on all Forex pairs.
If you’re unfamiliar with MT4, Forex Profit Monster includes complete instructions on how to get your free copy of this professional charting platform,
and comes with a list of brokers that provide free practice accounts with real time Forex streaming data so you can practice and learn to trade without risking a penny of your money!
Forex Profit Monster is made up of the following components as numbered above:
1. FPM Entry Alert Arrow Indicator
2. FPM Fast Trend Indicator
3. FPM Slow Trend Indicator
4. FPM Trend Power Indicator
5. FPM Average Daily Range Indicator
6. FPM Real Price & Price Channel Indicator
7. FPM Support & Resistance Indicator
8. FPM Clock and Broker Spread Indicator
9. FPM Exit Arrow Indicator
All Forex Profit Monster components and how they’re used is explained in detail in the 35 page Forex Profit Monster Installation Guide & User Manual.FOREX PROFIT MONSTER ENTRY METHOD
Entries are as easy as 1, 2, 3 with Forex Profit Monster!
1. Get an FPM Arrow Alert that the trend is changing;
2. Wait for the FPM Fast Trend to agree;
3. Wait for the FPM Slow Trend to agree… and you’re in!
FOREX PROFIT MONSTER EXIT METHOD
Exiting a trade with Forex Profit Monster is just as easy. You have 3 choices of how to exit;
1. Exit at the FPM Support or Resistance (automatically plotted on the chart) or…
2. Exit when you get an FPM Exit Arrow (small white arrow) or…
3. Exit when the FPM Fast Trend Indicator no longer agrees with the FPM Slow Trend Indicator.
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 Profit Monster Trading System?
- Download Forex Profit 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 Profit 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”.