FX Strategy Trading System For MT4

FX Strategy Trading System For MT4

Table Of Contents:

  1. FX Strategy Trading System For MT4
  2. The FX Strategy Trading System For MT4 – Long positions
  3. The FX Strategy Trading System For MT4 – Short positions
  4. Is the FX Strategy Trading System For MT4 profitable?


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 Strategy Trading System For MT4 is a short term trend following trading strategy. As you can see, this trading indicator makes use of multiple indicators and the end result is a template that looks to be something fancy. But if you start to look under the hood, you will notice that there is nothing unique about it. In fact, it makes use of same old simple standard indicators and throws in a couple of fancy looking colorful indicators to make this really unique.

On the main price chart, the biggest indicator of interest are the two moving averages. These moving averages can signal the short-term trends in the market. Furthermore, these trends are highlighted by making use of the Heiken Ashi candlesticks. When you combine the moving averages along with the Heiken Ashi candlesticks, what you get is a decent looking trend that can be easily identified even by beginners.

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In the first sub window of the FX strategy trading system, we have a custom indicator called the FX indicator. But this indicator looks very similar to that of a MACD indicator. You can see the signal lines and the indicator lines moving along the histogram. The trends can further be confirmed by using the signals of this indicator. However, this confirmation can happen most of the times.

The remainder of the indicators used in the FX strategy trading system are really not worth mentioning due to the fact that they are custom indicators and also, they pretty much look the same making them to be highly redundant.

Let's now take a look at how you can trade long and short positions using the FX strategy trading system for MT4.



The FX Strategy Trading System For MT4 – Long positions




In order to take long positions using the FX strategy trading system, we need to wait for the two moving averages to turn bullish. When you see a bullish moving average crossover, you will see the up arrow showing up below the price high. When this happens, you can set your long order at the high of the candlestick.

Set your stop loss level to the recent swing low that formed prior to the candlestick signal that emerged. When your trade is triggered, you should also look to the other indicators in the sub window. Note that given that there are about four indicators in the sub windows, they will not always confirm the long position at the same time.

Therefore, a bit of subjectivity is required when it comes to determining whether you want to go long or short. Your take profit level can be used either with the risk to reward ratio or leave your position open so that you can ride out the full length of the trend.

As a result, we recommend that you split your position so that 50% of it is closed with the fixed risk to reward ratio and the remainder of the trade is left open to capitalize on any trends that might continue. Remember to move your stop loss to break even after your first part of the trade has been closed in a profit.



The FX Strategy Trading System For MT4 – Short positions




In order to take short positions using the FX strategy trading system, we need to wait for the two moving averages to turn bearish. When you see a bearish moving average crossover, you will see the down arrow showing up above the price high. When this happens, you can set your short order at the low of the candlestick.

Set your stop loss level to the recent swing high that formed prior to the candlestick signal that emerged. When your trade is triggered, you should also look to the other indicators in the sub window. Note that given that there are about four indicators in the sub windows, they will not always confirm the short position at the same time.

Therefore, a bit of subjectivity is required when it comes to determining whether you want to go long or short. Your take profit level can be used either with the risk to reward ratio or leave your position open so that you can ride out the full length of the trend.

As a result, we recommend that you split your position so that 50% of it is closed with the fixed risk to reward ratio and the remainder of the trade is left open to capitalize on any trends that might continue. Remember to move your stop loss to break even after your first part of the trade has been closed in a profit.



Is the FX Strategy Trading System For MT4 profitable?


In conclusion, the FX strategy trading system seems like an over glorified moving average based trading system. The author of this trading system simply adds a couple of indicators into the sub window and a few informative indicators onto the price chart and calls it a new trading strategy.

In fact, there is nothing creative or imaginative even looking at the name of this trading system. This goes to show that this is a rather simple trading system which anyone who has been trading for a little while would know how to use moving averages. As a result, there is no real edge that you can get in the markets when trading with this strategy.

The trading template that comes with this strategy is also a bit heavy. You cannot use it to monitor multiple instruments at the same time. Also bear in mind that this trading system does not work so great when the markets are moving in a sideways range. This is a risk that traders will have to consider before figuring out if they want to trade with this strategy or not.

As you can see from the charts published in this article, some of the positions might not completely yield you a good risk to reward based setup. Therefore, if you're looking for something consistent, then this trading system might not be the one for you.

For the above reasons, we do not recommend that beginner should be using this trading system. Even those who are experienced, might want to find a better trading system. After all there is nothing unique about using moving average crossover based trading strategy.

Download the complete system description and the files here:

FREE FX Strategy Trading System

Download the FREE FX Strategy Trading System for MT4.

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