FX Prime Trading System For MT4

FX Prime Trading System For MT4

Table Of Contents:

  1. FX Prime Trading System For MT4
  2. Selecting the trading instrument
  3. FX Prime Trading System For MT4 - Long trade setup
  4. FX Prime Trading System For MT4 - Short trade setup
  5. Trade Management
  6. FX Prime Trading System For MT4 - Conclusion


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The FX Prime Trading System For MT4 evaluates the momentum of the market to determine the trade signals. Auto pivot, spud fibo, double CCI woody, and EJ candle have been used as the main tools for the system. The system can be accessed via two templates. The first template is designed to trade in the 1-minute chart and the second template is designed to deal with the 5-minute chart. Some retail traders find the 1-minute template bit harder to use due to the extensive use of the technical factors. But if you learn about the key steps, it is just a matter of time you learn to make a profit with the 1-minute chart.

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In the 5 minute template, we have Heiken Ashi candles and the automated support and resistance line. This template is a bit easier to use as we don’t have to rely on complex calculations from different kinds of technical instruments. Though both templates provide powerful ways to take the trades in the most complex state of the market, we have to be careful with the instrument selection. For instance, if you take the trade in the absence of market momentum, you can’t expect to get a better result as the system is designed to find trades based on market momentum. Now, we will show you the process by which you can pick the right trading instrument for this system.


Selecting the trading instrument


Opening trades in a random fashion is never going to make you a successful trader. It will make you frustrated as the system is bound to fail. But if you use the strategy in the trending instrument, you can expect to win more than 75% of the trade. And by using some basic price action trading signals, we can expect to win more than 80% of the time. Analyze the price momentum of the major currency pairs. The presence of established trends gives you the green signal that you can take the trades in that asset. Note that the asset price will make nice highs and lows while the market is in a strong trend.

As the FX Prime Trading System is designed to take the trades in a shorter time frame, we will be considering the spread and news event also. When the spread is bigger than 3 pips, it becomes harder for the investors to secure profit by covering the spread gap. Regarding the news event, it has the potential to cause massive fluctuations in the price. So, if you trade during that moment, it will be a tough task to manage your running trades with a tight stop. Unless you are versed in fundamental analysis, it is better to look for the trade signals in the stable hours only.


FX Prime Trading System For MT4 - Long trade setup


The blue lines in the main chart will be acting as a strong support and resistance line. We have to wait for the bullish bounce at the blue lines. This means the price will test the blue line and end its bearish retracement phase. As the bullish bounce takes place, we will spot a blue Heiken Ashi smooth candle below the main candle. At the trend CCI indicator, we will see the formation of positive bars on the top side of the reference line. The yellow color signal line will rise strongly forming an ascending slope. The rising slope in the yellow signal gives us the clearance to take the long. But to improve the efficiency of the FX Prime Trading System, we will be waiting for bullish reading at the RSI indicator.



At the RSI indicator, the blue signal line must cross above the 55 lines. The crossing of the 55 lines is the confirmation signal to take the long order. Calculate the lot size for the trade by considering the stop-loss price placed below the blue-colored support line. The take profit will be set to the nearest resistance or we can set fixed 15 pips take profit. Note that, the stop loss in the trade must not exceed 7 pips, or else you will be in big trouble. And try to take the trade during the overlapping trading session as the market volatility will be high enough to hit 15 pips take profit.


FX Prime Trading System For MT4 - Short trade setup


The short trades will be taken by using the 5-minute template. In this segment, we will teach a simple method to make money by using the FX Prime Trading System. The horizontal lines in the main chart are going to act as a strong support and resistance level for the asset. First of all, we will evaluate the nature of the trend. We must see series of red Heiken Ashi bars imposing the dominance of the bears. Once the price breaks below the daily pivot level, we do have the option to take the short trade. The daily pivot level is going to work as a major resistance level. As price tests that level, we need to locate a bearish price action signal.



The bearish price action signal will be formed along with the red Heiken Ashi bars. Open the short trade with the stop loss above the high of the bearish price action signal. The take profit in this method will be 30 pips. In general, the stop-loss price will never exceed 12 pips. But if it does, you can wait for the minor bullish correction in the price of ignoring the trade. But do not take the trade without evaluating the risk to reward ratio.


Trade Management


The minimum risk to reward ratio for the FX Prime Trading System should be 1:2. If you trade with a 1:1 risk to reward ratio, you are not going to secure any good results. In every trade, the maximum risk you are allowed to take should be 2% of your account. If the overall risk factor exceeds 2% of the equity, you are at great risk. Try to evaluate the trade signals in multiple ways and find the worst-case scenario. Many novice traders fail to make consistent profits with this amazing FX Prime Trading System due to a lack of discipline.

Study the risk management rules so that you can take quality trades without having any major faults. Think twice and look for trade signals in favor of the trend only. Keep on using a trading journal so that you can revise your trading strategy and find the weakness. Though the FX Prime Trading System offers the perfect solution to take the trades, still you can bring a slight change to the sync with the system properly. But every modification needs to be tested in the demo environment.


FX Prime Trading System For MT4 - Conclusion


Becoming successful in the Forex market is not a tough task. By now, you know the critical steps of this strategy and this should be enough to change your life. It might take a while to get used to a new trading system, but once you become skilled at analyzing the critical market data, you will be able to evaluate the risk profile in a very standard way. Instead of looking for the aggressive method, always follow the rules mentioned in this guide.

Successful traders are good at managing their risks. We have already highlighted the basic steps to manage the risk profile in the trade. Even after following these rules, you might start overtrading. Overtrading is one of the key reasons for losing money at trading. As the FX Prime Trading System provides a high risk to reward ratio trade setup, stop trading for the day after you have executed 3 trades. This will allow you to trade in an organized way and you will become extremely successful with your actions.

Download the complete system description and the files here:

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Download the FREE FX Prime Trading System for MT4.

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