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REGISTER PARTICIPANTS Fgm Profitable Trading System

Discussion in 'Forex Trading systems strategies' started by Emma McNeill, Jan 5, 2021.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #FGMProfitableTradingSystem

    FGM Profitable Trading
    FGM Profitable Trading
    is a forex trading system. This forex trading system can be used to trade in various time frames like 5 minute, 15 minute, hourly, four hour, and daily time frames. The system is purely a trend following forex trading system. The FGM Profitable Trading uses two technical indicators in the main chart. The moving averages used in this forex trading system are called FGM. The FGM Profitable Trading is very simple and even the newbie traders can use this forex trading system to make money consistently in the forex market. The indicator in the main chart window generates the trading signal while the indicator located at the indicator window confirms the signal provided by the main chart window.

    001.jpg

    FGM
    is nothing more than a group of some moving averages. Moving averages of three different periods are used in this system. Among them, the blue one moves fastest and the yellow moves slowest. Crossovers of these moving averages generate the trading signal.

    Profitable Strategy 1 consists of green and red bars. Green bars indicate the buying signal while the red bars indicate the selling signal.

    Buying Conditions Using FGM profitable Trading System
    • Market level should be above the FGM
    • Profitable Strategy 1 should form green bars.
    • Open your long position as soon as above conditions are met.
    • Place your stop loss just below the recent swing low.
    • Take your profit when the Profitable Strategy 1 turns red.
    Selling Conditions Using FGM Profitable Trading System
    • Market level should be below the FGM
    • Profitable Strategy 1 should form red bars.
    • Open your short position as soon as above conditions are met.
    • Place your stop loss just above the recent swing high.
    • Take your profit when the Profitable Strategy 1 turns yellow.

     

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