First4Forex Plug-In Systems

First4Forex Plug-In Systems

First4Forex currently has two systems available for monthly rental that you can plug straight in to the FTSRV Professional Charting Software. If you have taken the First4Forex course you will be aware of the benefits of our plug in systems. The systems are pre-programmed so at the click of a button you can plug-in and have our strategy running live on your charts complete with potential trade opportunity arrows and alerts for entry and exit levels. You can even have the system send an email to your PC or Cell Phone to alert you when an entry or exit level has been signalled.

Our Magnum PI System has been designed to trade the trends of the corporate traders. Many of which trade only the daily and 4 hour charts. The intention of this system is to create a long term 'Passive income', so consequently Magnum PI does not usually trade multiple trades in a day, or sometimes even a week. Its aim is to catch the big trends that occur with the GBP/USD curreny pair. The system has a fixed stop loss of 40 pips per entry and you can expect to take a few consecutive losses when the market is not trending, unless you are an educated trader who will clearly be able to stand aside during these periods to maximize profits further. However rest assured when that big trend comes along, Magnum PI will get you in so you can enjoy the ride. Magnum PI has over 6000 pips under its belt since Jan 2003 and as you can see by the performance record some of the trends it has caught in the past 3 years have been winners in excess of 1,000 pips.

Our 1 Min GBP/USD Trend Plug-in System is a momentum breakout system. In the chart you see above, the orange line acts as the momentum filter. Green arrows represent an opportunity to buy and the red arrows represent an opportunity to sell. The white arrow can be used to flatten a position. Entries that occur as price action crosses or pulls back to the momentum line can be very favourable. This system should be used in conjunction with price breakouts from 1min channels and pennants for high probability entries. The great benefit with this system is that as a trade entry is confirmed prices can move in you favour immediately, this can allow you tighten your stop after just a few bars if you so wish Being based on the 1 minute momentum this system can get you in very early on some very big moves.

Past performance does not reflect future results by clicking the subscribe button you agree that you have read our Risk Disclaimer and understand that plug-ins are for educational purposes.