FMT Forex Trading Strategy

FMT stands for “forex major trend” and it details a strategy that delivers unparalleled trading signals. The FMT Forex Trading Strategy deploys Forex Analyzer Pro and two additional indicators in generating FX market signals for any timeframe and pair.

Chart Setup

MetaTrader4 Indicators: Forex Analyzer Pro.ex4 (default setting), Forex_sunrise_indicator.ex4 (default setting), ForexMajorTrend.ex4 (default setting)

Preferred Time Frame(s): 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours

Recommended Trading Sessions: Any

Currency Pairs: any

Free Download

Download The FMT Forex Trading Strategy

Buy Example (click the image for full size):

FMT-forex-trading-strategy

Fig. 1.0

Strategy

Long Entry Rules:

The following conditions or rules are necessary criteria for a buy entry:

  1. The green arrow of the Forex Analyzer Pro points upwards and is aligned below price bars, an indication that price is heading to the roofs.
  2. A bullish candle opens and closes above the blue line of the Forex_sunrise_indicator custom indicator, thereby supporting the bullish sentiment.
  3. The ForexMajorTrend custom indicator forms corresponding blue bars within its indicator window, a signal that price is being pushed higher.

Stop Loss for Long Entry: Place stop loss on S1/S2 of the Forex Analyzer Pro support/resistance levels, considering your profit outlook and money management strategy.

Exit Strategy/Take Profit for Long Entry

The following rules will define a suitable exit or take profit strategy:

  1. The red arrow of the Forex Analyzer Pro pointing downwards is an indication of a reversal in trend and as such an exit or take profit should be triggered.
  2. When a bearish candle closes below the deep pink colored Forex_sunrise_indicator custom indicator line, an exit or take profit should be initiated.
  3. The ForexMajorTrend custom indicator bars turns red, an indication that the current trend is weakening and a reversal may be underway.

Sell Entry Rules

The following conditions or rules will suffice for a sell entry:

  1. The red arrow of the Forex Analyzer Pro is aligned on top of the price bars and points downward, a move that indicates that price is being pressured downward and a sell is suitable.
  2. When a bearish candle opens and closes below the deep pink colored Forex_sunrise_indicator custom indicator line, a sell trigger is advised.
  3. The ForexMajorTrend custom indicator bars turns red, thereby supporting the bearish sentiment.

Stop Loss for Sell Entry: Place stop loss on R1/R2 of the Forex Analyzer Pro support/resistance levels, having in mind your profit outlook and money management strategy.

Exit Strategy/Take Profit for Sell Entry

The following conditions or rules dictates an effective exit or take profit from position(s):

  1. If the green arrow of the Forex Analyzer Pro that is aligned below the candlesticks and points upwards is formed, you should exit or take profit from such trades.
  2. If a bullish candle closes above the blue line of the Forex_sunrise_indicator custom indicator line, an exit or take profit should be initiated.
  3. A reversal trend is in order if the ForexMajorTrend custom indicator bars turns blue.

FMT-forex-trading-system

Fig. 1.1

Free Download

Download The FMT Forex Trading Strategy

About The Trading Indicators

The Forex Analyzer Pro uses its green and red arrows to define bullish and bearish market signals respectively. The indicator also plots support and resistance levels onto the activity chart.

The Forex_sunrise_indicator uses line that turns between deep pink and blue, with the blue signaling a buy, while the deep pink is meant to define a bearish trend. This custom indicator also plots support and resistance levels below an above price respectively.

The ForexMajorTrend displays red and blue vertical bars to explain a sell and buy signals in the market. The ForexMajorTrend indicator window is calibrated 0 and 1.

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