FGM Forex Trading Strategy
FGM Forex Trading Strategy
Trading Rules Explanation
Buy Entry
The entry point for buy long trade occurs when the following conditions are met:
the FGM 8 moving average (blue) is above the FGM 21 moving average (aqua);
price stays above the FGM 50 moving average (yellow);
ProfitableStrategy1 indicator color turns green;
you can set the stop loss a few pips below FGM 50.
Sell Entry
The entry point for short sell trade occurs when the following conditions are met:
the FGM 8 moving average (blue) is below the FGM 21 moving average (aqua);
price stays below the FGM 50 moving average (yellow);
ProfitableStrategy1 indicator color turns red ;
you can set the stop loss a few pips above FGM 50.
Exit Trade / Take Profit
Exit trade when the FGM 8 cross below FGM 21 when long trade, and when FGM 8 crosses above FGM 21 when short trade.
In the picture above, you can see the FGM Profitable Strategy in action.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
FGM Forex Trading Strategy DOWNLOAD LINK
