forexkings

OK. Forex Profit Monster is not for me. In average it wins 1 out of every 3 trade only. Though, when it wins it wins 3 times the risked amount. However, this win/loss ratio is not acceptable for me for a successful trading system. You can make money with it on a million Dollar account with fixed lots traded as it actually gains more pips that it loses in the long run, but this is not the way you start out in the forex business.

The proper way to start out is more like you don't trade much demo, but open a real account with something like $100 or even $20 and trade live from start. Risk no more than 5% of your account on a trade. But when you stat out small, you need a good win/loss ratio. It's more important than the risk/reward ratio, though ideally both should be in your favor.

So, what system or strategy can you recommend me which is better than Forex Profit Monster?

Re: Forex Day Monster

That makes sense. Since almost all MT4 brokers are 5 digit nowadays.

Bingo! I just did that and the picture is much more different now!

Re: Forex Day Monster

Hey guys!

Which is the actual version of Forex Profit Monster that you actually use daily to make money with it?

Because I have tried all the above three, but they don't exactly look like the original from the forexprofitmonster.com site. See:

http://www.forexprofitmonster.com/images/pm_manual_dashboard_pic_settings_removed_fe38.gif

On the contrary, this is how indicator #6 'Real Price' and Channel (page 12 in the included PDF document) looks like, trying all three versions on all my charts:

http://img682.imageshack.us/img682/663/eurusdj.gif

The channel is just too narrow for a proper stop loss.

Do you use Forex Profit Monster or already found a better indicator?

Re: Forex Profit Monster

Hey guys!

Which is the actual version of Forex Profit Monster that you actually use daily to make money with it?

Because the one I have has problems with indicator #6 'Real Price' and Channel (page 12 in the included PDF document). The channel is just too narrow for a proper stop loss.

Do you use Forex Profit Monster or already found a better indicator?