FGM Profitable Strategy is a crossover trading system that helps traders to find the correct market trend including both entry and exit signals. This strategy is well equipped with three special Moving Averages and one trend filtering indicator for demonstrating the trade signals. Its simplicity of use offers a great advantage for the newbie forex traders.
FGM Profitable Strategy can be used to trade all kinds of forex currency pairs available in the financial markets. Moreover, you’re free to apply it on any sort of timeframe chart within the forex MT4 trading platform.
FGM Profitable Strategy Overview
Once you finish up the installation in MT4 platform. The chart will form like this
Also Try: No Deposit Forex Bonus
FGM Profitable Strategy Explanation
- FGM 8 & 21: These specially parameterized Moving Averages are applied for plotting crossover trend signals. FGM 8 is greater than FGM 21 means it is a bullish crossover and the trend is bullish. On the other hand, FGM 8 moves below FGM 21 means it is a bearish crossover representing the bearish trend of the market.
- FGM 50: It has been included as another trend identifying tool. According to the simple moving average theory, if price closes above its level then the market trend is considered bullish. Oppositely, the price dives below its level and remains lower than the indicator level represents the bearish trend of the market.
- Profitable Trader 1: This tool is a trend signal filter. It is a mix of 8 & 14-day RSI with a 63-day CCI. It turns yellow when the bullish trend of the market is confirmed. For bearish trend confirmation, the indicator color must be transformed into red and matched with signals from the other indicators of the system.
FGM Profitable: Buy Conditions
- FGM 8 is greater than FGM 21
- Price holds its position above FGM 50 level
- Profitable Trader 1 turns in to yellow color
- A buy can be triggered when the above conditions are done
- Set stop loss below the FGM 50 level
- Exit long/take profit whenever FGM 8 moves below FGM 21
Try Forex Broker: Exness Review
FGM Profitable: Sell Conditions
- FGM 21 is greater than FGM 8
- Price holds its position below FGM 50 level
- Profitable Trader 1 turns in to red color
- A sell can be triggered when the above conditions are done
- Set stop loss above the FGM 50 level
- Exit short/take profit whenever FGM 21 moves below FGM 8