Forex Training Wheels Trading System
Forex Training Wheels Trading System:
Time frame: Whatever you choose, from 1 minute to monthly. The indicators automatically adjust their parameters for different
timeframes, and the method works the same way for all of them. So pick a timeframe that suits your personality, the amount of time
you can devote to trading and the length of time you prefer to hold.
My preference is to enter and exit on either the 5 minute or 15 minute charts, based on the inherent noise level in the pair I’m trading –
the more random noise, the higher a timeframe is required. It works perfectly well on the 1 hour chart or higher. It also works on 1
minute charts if you are so inclined.
You’d trade exactly the same way on each timeframe. The quicker the timeframe, the more frequent your entries and exits, and the
tighter your stops and profits. If you trade really well you’ll make a lot of profit, but you have to be super-disciplined and know what
you’re doing. The longer the timeframe, the fewer the entry and exit points, but the greater the moves between them. Its your call
which you use.
Indicators: Use only those provided on the list in the next section. Don’t add to them, as it’ll just confuse things. If you find that
some in the list aren’t helping you, then remove them – the simpler the better, and the less cluttered your screen the better you’ll trade.
That said they’re there to help you and each plays a specific role.
Do Not Chase The Market! If you’ve missed an entry, so be it. There’ll be plenty more, and you’re taking huge risks in chasing the
price. Don’t do it.
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 Training Wheels Trading System?
- Download Forex Training Wheels 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 Training Wheels 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”.
