Launcher TRX Final System For MT4
Table Of Contents:
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 Launcher TRX Final System For MT4 is a powerful reversal trading method that is most designed to take trades in the options market. The reason traders love this system is the accuracy of the system. Launcher TRX Final Indicator, MBFX Timing, MBFX Timing, Support and resistance, and 20 EMA with closed settings are used as indicators.
Setting up these indicators is a hard task for the rookies. To overcome the complexities, the strategy comes with a prebuilt template and the traders with the basic knowledge can rely on this method. Though this system is well optimized to take trades in any kind of financial market, the experts prefer GBPUSD, AUDUSD, EURUSD, USDCAD and USDCHF pairs only. Analyzed the historic price movement of these 5 assets, and you will notice they are very stable.
These assets are less prone to false spike even though high impact news frequently refuels the bulls and bears. As the system is designed to take trades in the options market, traders are advised not to focus on the complex market dynamics. They should depend on low-risk exposure and know the functions of each indicator.
But following such a method is a tough technique and requires prerequisite skills. As this guide is not written for a professional or the novice trader, the illustration of the trade setups will be done in such a way, that any person can use the template without having in-depth knowledge. Let’s see the call and put option trading technique with this edge.
Call option setup
Using this system is a bit tricky as the MBFX timing indicator takes a bit of time to confirm the setup. It becomes complex to find the perfect position in price and readings of the indicator. This is what makes the system so unique and profitable. For the option trader, recommend a time frame is an hourly chart.
However, if you chose to trade the regular market, standard SL, and TP rules apply. The launcher TRX final creates a strong three-layer band which gives SR level to the traders. The support level is identified white dotted line. We have to find a position of the price where the lower band will breach for the Launcher TRX final indicator. Both the stochastic and the MBFX timing indicator should paint the signal line in an oversold position.
The first signal is the indication to get ready for the call option. These similar patterns should form at the support level of the TRX financial indicator but this time the lower band will not be broken. Wait for the green signal line in the MBFX timing indicator to open the call trade.
When the analysis is done in the hourly chart the maximum expiry for the trade is only 240 minutes. For the staked amount, it depends on the trader's risk tolerance ability. If they can risk more than 2%, it’s good but the system supports a maximum of 2% risk in one trade.
In the worst-case scenario, a trader can lose 3 consecutive trades in a day and after that, they should take the day off.
Put option setup
Shorting the asset with this method is similar to our long trade. First, a false break of the Launcher TRXal indicator should be pointed in the chart. The break level will be marked by the yellow line and the yellow line of our resistance zone. The stochastic and MBFX timing indicator should give us the sell signal at that instant.
If it doesn’t, we should not take the trade. let’s say, the market showed us the ideal position to sell the asset. Consider the first signal as an alert. The second time the price will not break the channel resistance and the same pattern will be observed in the MBFX timing and stochastic indicator.
Open your put option with a 1% risk. Most traders get aggressive with this method after winning a few trades in a row. But remember, this strategy has an 80% win rate. Even if the traders manage to win most of the time, they will lose money in 20 trades out of 100 orders. So, getting prepared to lose 20 trades is a part of this business.
Unless you accept this fact, it will be a very challenging task to depend on this trading method. Most traders fail to make money as they don’t know the perfect way to channel the risk. Managing risk requires advanced skills. Since we have already told, this article will act as a complete guide, we will illustrate the proper way to manage the risk.
Let’s learn the key technique by which we can also take our orders like true professionals.
Trade management technique
There are two methods that you can follow to manage the risk as a trader. In the first approach, your risk factor will be tied to 1% and you can’t lose more than 2% within 24 hours. The reward for each trade should be 2% of the account balance. This simple edge gives a 1:2 risk to reward ratio. But when the traders become advanced, they intend to change the SL and TP.
At options trading, the adjustment is made by the brokers since they determine the payout. Our system has an 80% win rate so, the minimum payout should be 70%, or else the system will struggle to cover up the loss. So, when do we lose 20% of the time? 10% of the time traders lose money due to human error and the remaining 10% is unavoidable.
So, to improve the win ratio of this method, a user can start analyzing the news data. If the news data is blended with the technical levels of the edge, the win ratio increases to a great extent. You might have less knowledge and it is acceptable but taking trades without having sound skills on risk management is not acceptable.
To earn money, you have to rely on the standard rules of money management which are stated in the trade management technique. Still, some of you might feel uncomfortable with this edge, for them, the brokers are offering a paper trading account so that they can test new strategies and build confidence.
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