Expert advisors or automated trading system is a trading system which allow traders to set specific parameters and rules for entering and exiting trades, which is then executed automatically via the computer. Some trading systems are more complex than others, but ultimately their main objectives are to make money.
FSGBP 1 trading system uses only the 1 hour time frame and not lower time frame. So this trading system is not for scalping. As the name suggests, this system only trades in GBPUSD currency pair.
This system is fully automated. No manual interventions. All the trading decisions come from the combinations of some of these technical indicators: Commodity Channel Index, DeMarker, Relative Strength Index, MACD and Bollinger bands. Once a trade is initiated, the system will monitor the open trades and make decisions accordingly on where to place stop-loss and take profit, and whether or not to add more positions to the existing ones or to reduce them.
We have also provided links from FX Blue for you to analyze all the trades taken (open, closed and pending orders), movements in equity, rate of return, maximum drawdown and so much more. Take the time to look through the data before deciding whether this system suits your trading styles.
All the trade details provided here are forward testing results on MT4 demo accounts.
Data on this website will be updated daily. To receive the trading signals, you can either sign-up to receive email alerts or join our private telegram channels.