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FxMastery System Manual
FxMastery System Manual
4) Copy indicator and experts files to the ‘MQL4>Indicators’ and MQL4>Experts’ folder.
PLEASE USE THE SYSTEM TEMPLATE TO LOAD UP THE INDICATORS AND EXPERTS
ON YOUR CHART AS IT WILL SET THE COLORS AND SYSTEM SETTINGS IN CORRECT
WAY!
Daily range indicator calculates range based on the last 1/5/10/20/50 days. It also
displays the average of thoseon the bottom (blue color).
Before taking a signal, please check how much space isleft on this pair. On this example
we can see 60pips range today, while the average is 87. It means that there is around 30
pips more range today.
If ‘today‘ number is higher than the average (for example today:100, average:90) it
means that suchtrade is more risky.
System contains also a trading assistant indicator. (you can use it also with your
own indicators).
You can open and close your trades with one click using Buy/Sell/Close buttons.
Lot – determines the lot size when opening a new trade.
Pips R – means stop loss size (in pips). As some traders do not use SL, it’s
disabled by default (you need only to get into expert settings
and change ‘Use Stop Loss to: True’ to make it work).
S R – means the risk on trade (money wise)
%R – means the risk on the trade based on the account size TP –
determines the take profit in pips.
FXMASTERY1
It’s characterized by the fastest signals as well as the largest potentialprofit with
increased risk. If you are familiar with scalping and catching the quick market
movements, you should choose this trading mode.
Scalping mode is recommended for advanced traders.
FXMASTERY2
Is the most universal mode, providing the most balanced signals.
It provides stable signals with limited risk.
This mode is recommended for beginners as well as experienced traders.
FXMASTERY3
Provides the most secure signals, with less profit potential at the same time. Pick this
mode if you want to spend the minimum amountof time in front of the computer.
This mode is recommended for every type of trader.
Buy signal:
Take Profit depends on the traded pair and timeframe. You can also close a deal
when:
Stop Loss - a few pips above/below the nearest local price high/low, as shown in the
screenshots above.
For the convenience of tracking signals, the system has everything you need:
Of course, FX Mastery is not a grail and is not without flaws. But if you correctly
observe money management, withdraw profits in a timely manner (if you are not
going to reinvest) and take into account the releases of important economic news,
then this system is certainly capable of making a profit.
And of course, the broker is, as always, Exness with its zero spread ECN account.