FGM Profitable Forex Strategy FGM Profitable Forex Strategy - MT4/MT5 Resources

The FGM Profitable Forex Strategy is a crossover trading strategy based primarily on three moving averages and a trend filter indicator.

This strategy is suitable for various time frames and mt4 currency pairs.

How does it work? How to apply for foreign exchange trading?

Trading rules description

Buy Entry

The entry point for a long trade will appear when the following conditions are met:

• The FGM 8 moving average (blue) is above the FGM 21 moving average (light green);
• Price remains above the FGM 50 Moving Average (yellow);
• ProfitableStrategy1 indicator color changes to green;
• You can set your stop loss a few pips below FGM 50.

Sell ​​Entry

The entry point for short selling occurs when the following conditions are met:

• The FGM 8 moving average (blue) is below the FGM 21 moving average (light green);
• Price remains below the FGM 50 Moving Average (yellow);
• ProfitableStrategy1 indicator color changes to red;
• You can set your stop loss a few pips above FGM 50.

Exit trade/take profit

When trading long, exit the trade when FGM 8 crosses below FGM 21; when trading short, exit the trade when FGM 8 crosses above FGM 21.

In the image above, you can see the FGM profit strategy in action.

As always, to achieve good results, remember proper money management. To become a profitable trader, you must master discipline, emotions, and psychology. Knowing when to trade and when not to trade is crucial. Avoid trading during adverse times and market conditions, such as low trading volume/volatility, outside of main trading hours, exotic currency pairs, wide spreads, etc.

Check also:

Bear Trap Pattern Forex Trading Strategy

Outside Bar Pattern Forex Trading Strategy

How to set up FGM profit strategy in MT4?

Files Included

Indicators:

• FGM.ex4
• GG-TrendBar.ex4
• ProfitableStrategy_1.ex4
• ProfitableStrategy_16.ex4

Templates:

• FGM profit strategy.tpl

Installation Guide

Copy and paste the indicator file into the MQL4 folder of the MetaTrader 4 trading platform.

You can access this folder by clicking on the top menu option as shown below:

File > Open data folder > MQL4 > Indicators (paste here).

Likewise, copy and paste the template files into the Templates folder.

Now, right-click on the chart and hover over Templates . You will be shown a list of available systems; left-click on the name of the template you want to run.

Bottom Line

The FGM Profit Strategy is worth adding to your trading collection, but remember to have realistic expectations. Like any other technical analysis tool, it cannot provide 100% accurate signals. Therefore, it occasionally sends out false signals. Its performance will vary widely based on market conditions.

FGM Profitable Forex Strategy Free Download