In this post I will review the FX Profit Storm manual forex trading system for the MetaTrader 4 (MT4) trading platform. MT4 is one of the most popular trading platforms that is used by millions of traders from all over the globe.
You will need the desktop version of MT4 to use the FX Profit Storm system as it contains indicators and templates that you need to attach to the charts. You can download MT4 for free from many online forex brokers.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
You may want to consider using an ECN forex broker as they can have some of the lowest spreads and most competitive commissions along with plenty of liquidity for reliable execution speeds at the best available prices.
FX Profit Storm Trading System
The FX Profit Storm system is suitable for traders of all experience levels due to its ease of use. It uses a combination of colour coded technical indicators with arrows that clearly display when there is a potential trading opportunity.
You may choose to take the signals as they are or to implement your own additional chart analysis to confirm each signal. Fundamental, price action and sentiment analysis can all be beneficial to keep in mind when trading manually online.
The FX Profit Storm system can be applied to any FX currency pair and time frame that you wish. I find that the major currency pairs such as the GBPUSD and EURUSD tend to have some big moves along with low spreads. I also prefer to trade the hourly charts and above as I do not find them to be as “choppy” as lower time frame charts.
One of the most important aspects of using the FX Profit Storm would be the money management strategy used. You will need to set your own stop loss and take profit levels. I usually only take trades that present a minimum risk to reward ratio of 1:3 so that a winning trade is 3x greater than a losing trade. This ensures that one loss does not wipe out all the gains. Always use a money management strategy that suits your trading style and goals.
Of course, as with any manual trading system, you should have your trading discipline in check whilst not letting negative emotions such as fear, anger and greed to take over.
FX Profit Storm Summary
Overall, the FX Profit Storm is a basic forex strategy which requires the user takes some initiative with it and does not expect miracles. Too many new traders I feel are very unrealistic with their expectations.
If used correctly, this can be a useful manual forex strategy at least to practice with trading online using a demo account.
That being said, you could probably create a very similar strategy by attaching some default MT4 technical indicators to the charts although it is nice to have them conveniently packaged into an “out of the box” system.
FX Profit Storm includes instructions, support and a money back guarantee.