4expipsystem – forex scalping
Product Name: 4expipsystem – forex scalping
Description of 4expipsystem – forex scalping:
A simple FOREX scalping system using basic indicators and rules
4expipsystem is a forex trading system used in spread betting platforms. By following our simple system you will be better position to make profits in trending forex markets. In summary 4expipsystem is :
It can be used on any trading platform as long as the indicators are available (are most are freely available on the net).
To be clear, 4expipsystem is NOT
For more results click HERE
Q. Do you guarantee profits every day?
A. No. But it is very rare for the system not to work at some point during the day. It works best in a trending market e.g. one that is moving in an upward or downward direction.
Q. How much profit can I make each day?
A. We recommend you set a target profit and once reached you cease trading for the day. We target 10 pips per trade, with a 20 pip stop loss. However, in a strong trend you can easily see 20 pip profits per trade (and sometimes more). We trade two currencies, GBP/USD and EUR/USD so we expect 20 pips each day, 10 from each. This system is a scalping system meaning you take small profits. With a good trend you can easily take 40-50 pips per currency.
Q. What do I get when I buy the system?
A. You will receive a 25 page PDF document which contains everything you need to use the system. The document covers basic trading rules which every trader should know, instructions for setting up your trading platform, basic entry rules, examples of entry signals and advice of when to exit trades. The system shows you two types of entry signals, basic and market turn signals.
Q. How and when do I receive the PDF document?
A. Upon purchase you will be able to download the product immediately from the payment service CLICKBANK. A thank you page will also detail instructions of how to do this.
Q. Is there a monthly fee for this system?
A. No, this is a one time purchase. Once you purchase the system it is instantly available for use. We are providing a set of written instructions for you to use. There are no ongoing payments or subscriptions.
Q. Can I use it on any trading platform?
A. Any trading platform can be used as long as you have access to standard indicators. We don’t use anything you can’t find on a any trading platform. We use IG.com. MT4 platforms are also perfect.
Q. Do you provide the indicators?
A. No, you need to use the indicators that come with your trading platform, set appropriately.
Q. How much does it cost?
A. £129.99 – 13 winning trades (10pips @ £1) is all you need to pay for it.
Q. Do I need to trade at specific times during the day?
A. The system works well in the core trading windows of your chosen currency pair. Typically we trade from 0700-1000 (AM session) and 1300-1530 (PM session) GMT. However, the system works at all times (except during the night). In order to make sure you are profitable you need to watch any trade, however, as we insist on a 20 pip stop loss you can be sure your losses can be controlled if you need to be away. We also recommend that if you’re going for quick profits, you set a LIMIT so that your trades exit automatically. Signals can happen at any time, but during the initial trading period from 0630-0730 GMT is a key time, so if you can only trade at these times, the system could work for you.
Q. Do I need to be at my PC all day?
A. This is not a “set and forget” system. It is a short term scalping system relies on the trader being able to enter and exit trades quickly. We recommend you are able to trade between 0700-1000 UK for the morning session and 1300-1530 for the PM session. During these times we tend to see the best results, but it does work at other times.
Q. What do I need to use the system and trade?
A. Basically you need a computer with internet access and an account on a trading platform. We use IG (IG Index). The trading platform is entirely your choice, but it must have access to indicators which we use as part of the system. These indicators are very standard across the industry so we’re confident that any platform you use will be suitable. You then need a bank. Our recommendation is that you only trade 1% of your bank. By using just 1% for each trade you can have easily continue trading if you have a run of losses (although this will be very unusual for our system).
Q. Does it work on every currency pair?
A. There is no reason for it not to work on any currency pair, however it works best of those currency pairs which move a lot each day. We recommend GBP/USD and EUR/USD. We have not tested it on every currency pair, so cannot say if it will work effectively.
Q. How do the signals get generated?
A. We give you a simple set of rules that you need to apply to a chart. Within a few days the system will become second nature and you will be able to quickly spot the signals. Once a signal has occurred you then enter a trade once the right conditions are met. This is all explained in detail, and with examples, in the PDF.
Q. Some days don’t have results, why?
A. It could be for 1 of 3 reasons why a day has no results. Firstly there were no valid signals during the AM trading window. Secondly, we decided not to trade due to high volatility in the markets and therefore risk of being stopped out was too high, or thirdly we simply had the day off/on holiday!
Q. There is a big gap in 2016 to 2017 in the results, why?
A. The creator and owner of the system and site unfortunately retired due to ill health so no longer published results. But the system continued to provide regular profits as it does most days.
Q. What if I miss a signal?
A. Because our system works in trending markets, typically you will get a few signals in short succession, which will mean you have multiple chances to enter a trade and make profits. However, the longer you leave entry to a trade the higher the risk of not making a profit as the trend may reverse. The good news is the system includes some indicators which will help you judge when a trend is ending and so avoiding entering into a losing trade.
Q. Does it generate EXIT signals as well?
A. No, the exit point is down to your judgement. We give some basic advise on when to exit trades but this is a scalping system that works best for small regular profits. Our personal trading style means we target between 10-20 pips in the morning session, followed by 10 pips throughout the day.
Q. Are the signals generated automatically?
A. No, you will need to apply the rules by looking at the chart and the indicators. You can automate the signals on your chosen trading platform if you able to, but this is quite complex and takes time to get right. We don’t offer this as part of the system, nor do we offer advice on how to automate the system.
Q. Do you offer a trade-copier service?
A. No we don’t. We like flexibility in our trading so we cannot guarantee to be trading everyday. We will report signals on the days we don’t trade live with a either a standard 10 pip profit or 20 pip loss. Most days you can exceed these 10 pip profit by keeping in trades e.g. closing a % of the trade or using trailing stop losses/moving stop losses.
Q. What support do I get?
A. We provide e-mail support for our customers, but this is not in real time as we will be trading and will not be able to respond immediately. We are happy to review your trades for you should the system not work for you on a particular day, but we do not guarantee an instant response. We highly recommend that if you are new to trading you “paper trade” for a couple of weeks to ensure you fully understand the system.
Q. Can I buy your system anywhere and still receive support?
A. No. We only sell official copies through this website, and all other websites are NOT AUTHORISED. When you…
4expipsystem – forex scalping