FX Venom Pro – how to make 50-120 pips everyday
FX Venom Pro is a trading system designed to make all traders in the world rich. Can you imagine a 50-120 pips of profit every day? We need to think about what to spend this money! And all this for just $27 (don't be scared, it's free here). Why so cheap for the Grail? Ok, enough irony. Now in detail about the FX Venom Pro.
The system is made in the classic version - it is a signal indicator (red/blue arrows and bands), an additional filter in the form of an information dashboard located in the upper right corner. It is this combination of indicators is often more appropriate. At the same time, the system looks very simple and not overloaded with unnecessary elements. It can even be used by a novice trader.
Characteristics of the FX Venom Pro
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Around the clock
- Timeframe: M1-WN
- Recommended broker: Alpari, Forex4you, RoboForex
Templates of the FX Venom Pro
Very often one has to deal with indicators and systems in which developers dispense risks, depending on the trading style of the trader. This quality has most of the indicators of Karl Dittmann, such as FX Atom Pro, Trend Mystery, Forex Millennium and others. FX Venom Pro also has 3 templates with varying degrees of risk:
FXV_RISK1 - has the least risk. Signals less, but they are better filtered.
FXV_RISK2 - average risk. The most balanced option, suitable in most cases for the day trading.
FXV_RISK3 - for lovers tickle nerves. This is the template with the most signals for fast trading with high risk. Only for experienced traders!
- A blue up arrow and a blue band appear.
- Trend information dashboard shows 3 blue bars T1, T2 and T3:
Close a position when an opposite signal appears - a red arrow and a red band.
- A red down arrow and a red band appear.
- Trend information dashboard shows 3 red bars T1, T2 and T3:
Close the position when the blue arrow and the blue band appear.
Trades that have only 1-2 red bars (for SELL signal), are not always losing one, they are simply more risky ones. Even the major trend on the highest timeframes has to turn back somewhere and this may be this moment. If you decide to trade with only 1-2 bars confirmation, use a smaller lot. You can also set a tighter Stop Loss:
We can also notice on the above example that the trade generated a small amount of pips (it was probably just a pullback of a higher trend).
In this video, examples of signals are shown more clearly:
Stop Loss order should be placed at:
- the last swing high (for sell trades) or on the last swing low (for buy trades)
- the nearest support/resistance level (if close)
As you can see, not expensive paid systems can be very profitable. Not always the highest price an indicator of high quality. This principle applies to trading strategies.
In the archive Fx_Venom_Pro.rar (2.67 MB):
- FXVENOMPRO - User Manual.pdf
Free Download FX Venom Pro