The Money Making Trading System For MT4 is an intraday trading approach applicable to a specific trading instrument. This trading strategy focuses on the major trend following the current market structure between 6:00 to 21:00 GMT 0.0 timeframe. Therefore, if you think yourself suitable for the trading instrument and the trading timeframe, you can follow this strategy to build a great trading portfolio.
Elements of The Money Making Trading System
In this section, we will see a short description of all trading instruments in this strategy as listed below:
- NonLag MA 7.1
- SSL Fast Bar- (lb 10 , time frame 240)
- StepStopExpert_v1.1
Before getting introduced to them, we should see how they look like:
NonLag MA 7.1
If you have traded with the moving average, you should know this trading indicator as it looks like the moving average mostly. However, the major difference between the traditional simple moving average and the Non-Lag Moving Average is that the NonLag MA is a non-repaint indicator that does not change the value once printed on the trading platform.
In this strategy, the value is set as 40, which means the indicator will provide the last 40 candles’ average market.
This strategy aims to identify the market direction by observing how and where the price is trading. This indicator is represented the market context in red and green color, where the Green is a bullish indication, and the red is a bearish indication.
The changing color is the beginning of a new trend where we should enter the trade as per the strategy’s rules.
SSL Fast Bar
SSL Fast Bar is a momentum-based indicator that shows the market direction in a separate window. If you look carefully at the image, you would see that the indicator has a wide Horizontal line, and the color changes from red to green or green to red after some time.
The changing color represents changes in the market trend where we should enter the trade.
It is a custom indicator, and you can change the value at any time. The default value is 50 as an SSL Bar value, but you can change it to another number depending on your trading needs.
In this strategy, the 50 value matches the Non-Lag MA value to achieve highly accurate trades.
Among other indicators, these two indicators are very important, and you can generate other trading strategies with these.
The Money Making Trading System For MT4
This trading strategy is profitable once all conditions are met. Therefore, we should focus on the market context and identify market direction based on both indicators.
If one indicator shows a buy signal and other indicators remain neutral or provide sell signals, we will ignore the trade focus on other trading instruments.
In the following section, we will see the exact buying and selling strategies based on this system.
Bullish Money Making Trading System For MT4
The bullish trading strategy is designed for the EURUSD only. However, you can apply it to other financial instruments from the forex market, but the best output is expected to come from the EURUSD only.
As it is an intraday trading method, this strategy focuses on the timeframe that allows traders’ to close all positions within the trading session or the trading day.
Make sure that all trading entries come between 6:00 to 21:00 GMT 0.0 timeframe.
Conditions
- The price is trend higher, pointing out that the price makes a higher high in the higher timeframe.
- In the H4, the SSL Fast Bar appeared in Green colour, indicating bullishness in the price.
- In the H1, The SSL Fast Bars colour changes from Red to Green.
- The price moved above the NonLag MA, and at least one bullish candle closes above this level.
Entry
You can open the bullish trade immediately if you see all conditions together. It is better to wait for a candle after confirming all conditions and then open the trade.
Stop Loss
The price is bullish above the green NonLag MA. Therefore, you can set the stop loss either below the Entry candle or the Non-Lag MA Low, depending on how the price reacts.
Moreover, you can use other tools such as horizontal levels to prepare the stop-loss zone.
Take Profit
The take profit is based on the StepStopExpert_v1.1, which will paint the possible trend reversal zone. Moreover, if you have other tools like the Pivot resistance, you can use it as well.
Bearish Money Making Trading System For MT4
The bearish trading strategy is designed for the EURUSD only. Moreover, you can apply it to other financial instruments from the forex market.
As it is an intraday trading method, this strategy focuses on the timeframe that allows traders’ to close all positions within the trading session or the trading day.
Conditions
- The price is trending lower, pointing out that the price makes a lower low in the higher timeframe.
- In the H4, the SSL Fast Bar appeared in Red colour, indicating bearishness in the price.
- In the H1, The SSL Fast Bars colour changes from Green to Red.
- The price moved below the NonLag MA, and at least one Bearish candle closes below this level.
Entry
You can open the bearish trade immediately if you see all conditions together. It is better to wait for a candle after confirming all conditions and then open the trade.
Stop Loss
The price is bearish below the Red NonLag MA. Therefore, you can set the stop loss either above the Entry candle or the Non-Lag MA High, depending on how the price reacts.
Moreover, you can use other tools such as horizontal levels to prepare the stop-loss zone.
Take Profit
The take profit is based on the StepStopExpert_v1.1, which will paint the possible trend reversal zone. Moreover, if you have other tools like Pivot Support, you can use it as well.
Conclusion
The Money Making Trading System For MT4 is a money-making machine for the EURUSD pair. The biggest benefit of this strategy is that it applies to the world’s most liquid trading instrument to get enough liquidity at a price.
