Finding the perfect forex trading system requires a lot of time and patience. There are more forex strategies out there than we care to count. And taking the time to test them all is exhausting. Thankfully we’re going to share one of our favorite new strategies we’ve been using lately. It’s very simple for anyone that needs to find actual pips. The important details:
- It’s fully automatic and requires no manual trading
- Setup is quick and easy for any skill level with great results
- Risk is properly spread out among a mix of currency pair crosses
- All trades come from its reliable and proven grid system
By The People, For The People
This forex trading system comes straight from real users of Odin. They found that using a specific mix of currency pairs created the perfect balance for profit. Currency pairs do play a big role in this forex trading system. But don’t worry. We specify which pairs you should be using below.
Why It’s Already Better Than 99% Of Manual Traders
Most new forex traders will fall victim to one of three fatal mistakes. The first mistake is emotional trading. That’s where you chase wins and losses based on your feelings. The second mistake is over-trading. Choosing a lot size too big or opening more trades than your margin can support will be the death of most forex accounts. And the third mistake is simply a lack of general skill or proper strategy. Those free forex strategies from Forex Factory might sound great. But odds are they don’t work in the long run or you just aren’t doing it right.
The forex trading system we’re sharing today relies on fully automatic forex robots. By using a forex robot with the right money management you eliminate all three common mistakes instantly.
- Forex robots do not trade emotionally and execute their logic precisely every time
- Lot size calculation is safely determined automatically based on your account size
- Number of open forex trades is monitored based on available free margin
- All signals come from a manual trading system that is time tested and logically sound
Maybe someday you’ll be a great manual forex trader. But as it stands the odds are stacked against anyone without years of experience. Thankfully this system lets you skip to the end and start making pips tonight.
What You’ll Need To Start Using This Forex Trading System
- The MetaTrader 4 Trading Platform
- The Odin Forex Robot
- Roughly 5 Minutes To Set It Up
This strategy will work on any account size larger than $100. Micro, mini, and full size lots are all supported. ECN brokers typically have lower spreads that can be ideal. But any forex broker that has moderate spreads will do. As long as your broker offers the MetaTrader 4 platform you should be all set to continue. If they don’t you can open a free demo account with Oanda in seconds.
Now that we have everything we need let’s setup our forex terminal and start making some actual pips.
Setting Up Your Forex Terminal
Open the MetaTrader 4 forex terminal on your computer. Then open a new chart window for each of the following five pairs:
These are five very common currency pairs. If your account is on the small side you may want to start with the first two pairs and add more as your balance grows. If from some reason your broker doesn’t have some of the pairs listed you might want to switch to a better one. Otherwise you can substitute for a similar cross.If you currently have any open trades on the five pairs above you’ll want to close them before continuing. Once you begin attaching Odin it will need the full ability to open and manage new trades. An open order from manual trading (or other software) can limit its ability to place a new forex trade on that currency pair.
Attaching Your Forex Robot
Select Odin from the MetaTrader 4 “Expert Advisors” navigator panel. Now drag and drop Odin onto each of the five charts you opened previously. You’ll want to:
- Check the “Allow Live Trading” box
- Use the default settings on the “Inputs” tab
- Make sure the “Autotrading” button at the top of your forex terminal is green
That’s it! Your terminal is now fully setup and running this great forex trading system. Odin will be actively searching for new trades on each of the five pairs you attached it to. It will use a safe lot size based on your account equity.
The Following Weeks
You’ll want to leave your PC on with MetaTrader 4 open and running 24 hours a day, five days a week. Odin will continue looking for new trades day and night. Lot size will increase as your account balance grows. And stop loss, take profit, and trailing stop are handled automatically.
P.S. Stop Guessing And Start Finding Pips
It takes years to make reliable pips from manual trading. So we prefer to benefit from the experience of other (better) traders with automated forex trading systems like this one. You can still trade manually on the side to improve your skills. But for now this is a great way to start finding pips reliably.