A trader that is consistent in his rules is a successful trader. This is what I'm trying to help you accomplish with Bible Forex System. If you are searching for a trading system that would give you 40 pips everyday, then you should try this system.
Bible Forex System works on Eur/Usd and Gbp/Usd. You can use any time frame depending on your trading style but I prefer M15 (15 minutes) chart. This is not a scalping method, as least I don’t use this strategy for that purpose because I don’t like too much stress, so I aim to make 40pips from each trade.
I usually don’t trade during Asian session so I would advise you the same. There are not so many indicators, this system is easy to understand and trade. I will explain you how it works but please look at the chart below first:
There are 3 components that we will be watching.
1. The red and the green dots.
2. Fisher indicator
3. and flat trend indicator.
Bible Forex System Rules:
1. Wait for green dot to appear
2. Enter the trade when both Fisher and Flat Trend indicators are green.
1. Wait for red dot to appear
2. Enter the trade when both Fisher and Flat Trend indicators are red.
You can go for 40 pips after opening a trade. I can’t tell you where to put stops because I basically wait until I get an opposite signal. Just stick to the system and you will be fine.
Download Bible System V3.1 - Bible Forex System Indicators and templates