If you have been trading or playing the Forex market for a while and even if you consider yourself a beginner, you should already know that sticking to a currency system it is an integral part of your real business to make money and big profit.
Let’s go a step further, the stop loss is the center of any profitable Forex system.
Let me explain this Forex system.
From my experience, my stop loss is my favorite weapon to protect my profits from losing money and it gets even better if you use a dynamic strategy. Because you can easily move up that stop loss level, according to the positive trend identified, to raise your stop loss from a lower level to a higher level and that’s how your exit signal is hit by a sudden move. , makes a lot more money than initially.
This Forex system is really amazing.
Clearly, it means you can avoid potential disaster to gain next to nothing… or trade like a true master with optimized profit by cutting your losers and letting your winners run…
But here’s the best news, with an even better Forex system: the dual stop loss.
We need 2 simple parameters to activate our strategy. We have seen the first parameter: our exit signal is triggered when the price of the currency pair reaches our selected price level.
The second parameter is based on the moving average, convergence divergence or MACD. This is an indicator that you should use on your live Forex chart with a short time frame of about 5 days. And here we are, the second stop loss is triggered when the MACD crosses its zero signal line again.
Quite simply, this double stop loss strategy from one of my best Forex systems in action, which I learned from S. Wade Hansen and John Jargerson, is to protect myself from a brutal trend reversal and trigger my exit signal as soon as possible. when the move is finally over. I retain higher earnings and you should like that too.
How to take advantage of this now if you have not mastered this Forex system yet?
Automation.
Yes, you can start trading like a pro with the best automated Forex trading system like the one we just talked about.