Texan Posted November 12, 2008 Report Share Posted November 12, 2008 FOREX DAY MONSTER After receiving many inquiries from traders about developing a day trading system based on the same winning principles used in Forex Profit Monster, I'm proud to introduce... FOREX DAY MONSTER! Forex Day Monster is designed for the trader who likes to trade smaller time frames like 5, 15 and 30 minute charts. Three new proprietary indicators were developed for use with this system. FDM Buy/Sell Pressure, FDM Multi-Trend and FDM Oscillator. The first two are used for entries and indicator based exit strategies while the FDM Oscillators are a filter to help filter out bad trades but also get you into strong moves early. Like Forex Profit Monster, Forex Day Monster is a custom day trading system designed for the free MT4 professional trading platform. If you do not have the MT4 platform, you can download it for free from http://www.metaquotes.net or through any of dozens of brokers that support the platform. (You'll receive a list of brokers that support MT4 along with your copy of Forex Day Monster.) Most brokers also supply a free "demo" account including real time streaming data so you can test the platform (and Forex Day Monster) under real market conditions without risking a penny of your own money! Below are some screenshots of the system in action. The first picture shows you generally how the system works: http://i36.tinypic.com/2cdy16q.gif The entry criteria is simple... wait until all FDM indicators are green at the close of a candle after a large green FDM Alert Arrow for a long trade (or all indicators are red after a large red FDM Alert Arrow for a short trade.) As you can see, there is no discretion involved in how to enter a trade, but there is a little involved in how to exit a trade. The trading plan in the Forex Day Monster Installation & User Guide explains a few different exit scenarios depending upon how much risk a trader is willing to take. These include indicator based strategies like shown above. Just like in Forex Profit Monster you can choose to use Support or Resistance as an exit strategy. Below is an example in a trade taken on the USD/CHF on the 15 minute chart: http://i34.tinypic.com/21111qr.gif See how Forex Day Monster filters out some bad entries and quickly identifies a newly established trend? And unlike other day trading systems, you won't be overtrading. Even though this is a short term system, you may only get 1-3 valid signals a day trading the higher volume hours of just before and during the European session and during the New York session (2 am to 5 pm EST). Forex Day Monster also keeps the losing trades small... so far in my experience you can have three losers per winning trade and still show a profit! You've always heard the advice "minimize your losses and let your winners run" but you didn't know how to do it, especially day trading? Forex Day Monster does it for you! What about stop losses? Forex Day Monster uses a "safety stop" like Forex Profit Monster... although this stop loss is "tighter" than the FPM stop loss. Here's an example of where a stop is set in the chart below. (Again, this isn't a traditional stop loss... it's only there to protect the account in case of a catastrophe. It's not designed to be hit; all exit signals are to be generated by the Forex Day Monster system. http://i37.tinypic.com/23hk8dk.gif Because this is a manual trading system, I've built in audio/visual alarms for Forex Day Monster so you're less likely to miss a trade: http://i33.tinypic.com/19t4lv.gif Your computer system should be relatively up to date to use the Forex Day Monster system because the number of indicators and calculations may tax the CPU of older computers. (Users with older computers may have to limit the number of charts they are able to keep open to one or two during live streaming data). To purchase your copy of the Forex Day Monster System, go to http://www.ebay.com and do a search for "Forex Day Monster". Or to ask a question about Forex Day Monster, click here. -------------------------------------------------------------------- As I promised; :) ( It's open Code too) Enjoy [url]http://rapidshare.com/files/162989551/Forex_Day_Monster.rar[/url] conglo, fx4_ever and taipan 3 Quote Link to comment Share on other sites More sharing options...
cubicrey Posted November 12, 2008 Report Share Posted November 12, 2008 Re: Forex Day Monster Texan, Cool, Thanks for your sharing.. :shand: :arrow: Rey. Quote All that is necessary for evil to triumph is for good men/women to do nothing. Sharing is caring Link to comment Share on other sites More sharing options...
LoneWolf Posted November 12, 2008 Report Share Posted November 12, 2008 Re: Forex Day Monster Dear Texan my man, can you help me by upload by another Uploader engine because i cannot download anything from Rapidshare. Could you use Badongo, mediafire, 4shared, etc please ? Thank You. Quote Homo Homini Lupus Bellum Contra Poenna Link to comment Share on other sites More sharing options...
Texan Posted November 12, 2008 Author Report Share Posted November 12, 2008 Re: Forex Day Monster Dear Texan my man, can you help me by upload by another Uploader engine because i cannot download anything from rapid*share. Could you use Badongo, mediafire, 4shared, etc please ? Thank You. Sure Np; Here you go: [url]http://www.4shared.com/file/71153446/6647bb0e/FDM.htmll[/url] mandrake1713006261 1 Quote Link to comment Share on other sites More sharing options...
LoneWolf Posted November 12, 2008 Report Share Posted November 12, 2008 Re: Forex Day Monster Dear Texan my man, can you help me by upload by another Uploader engine because i cannot download anything from rapid*share. Could you use Badongo, mediafire, 4shared, etc please ? Thank You. Sure Np; Here you go: [url]http://www.4shared.com/file/71153446/6647bb0e/FDM.htmll[/url] Thank you Texan my man :arrow: :arrow: :arrow: Quote Homo Homini Lupus Bellum Contra Poenna Link to comment Share on other sites More sharing options...
ignaton Posted November 12, 2008 Report Share Posted November 12, 2008 Re: Forex Day Monster Thank you bro, it looks good, good luck to you. Quote Link to comment Share on other sites More sharing options...
Lemon45 Posted April 1, 2009 Report Share Posted April 1, 2009 Re: Forex Day Monster I have visually tested it. It kills my powerful computer CPU but it looks very very good if all the indicators are green or red. anyone else tried it also ? Quote Link to comment Share on other sites More sharing options...
cowboy Posted April 1, 2009 Report Share Posted April 1, 2009 Re: Forex Day Monster Thanks Texan :arrow: You are the best :arrow: Quote Link to comment Share on other sites More sharing options...
hexa Posted April 1, 2009 Report Share Posted April 1, 2009 Re: Forex Day Monster My trade today. If it carries on like that I have to invite Texan to the bahamas .... Quote Link to comment Share on other sites More sharing options...
sillykiddo Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster One ques does this indicator repaints? Quote Link to comment Share on other sites More sharing options...
DDD Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster These are my trades today Quote Link to comment Share on other sites More sharing options...
trading Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster I have the "Forex Profit Monster" but all indicator was expired... :? Quote Link to comment Share on other sites More sharing options...
Lemon45 Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster If I apply the template on 2 pairs, Metatrader freezes for a long time before showing signals. it's almost not usable for this reason and, once again my computer is very new and powerful so it is not the problem. Do you have also the same problem friends ? Quote Link to comment Share on other sites More sharing options...
DDD Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster End results of above system. Thanks again for sharing Quote Link to comment Share on other sites More sharing options...
angelgirl Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster @Lemon... the system is very heavy on computer resources. @DDD... could you please explain your trades... Why did you enter so many times on one signal? Also what exit statergy did you use? Thanks Quote Link to comment Share on other sites More sharing options...
DDD Posted April 2, 2009 Report Share Posted April 2, 2009 Re: Forex Day Monster We were at the NY open. This could possible be a good trade. Price was moving above the moving avg and even though we got an opposite signal, I remained in the trade as long as it was above the moving avg.. Then as you notice it bounce back from the average. Next it violated the resistance. And I used the Fibs line 423.6 to exit. High probability was the driving force behind this trade! I hope this help. Quote Link to comment Share on other sites More sharing options...
sam_konna Posted April 7, 2009 Report Share Posted April 7, 2009 Re: Forex Day Monster I've been Tried This Trading System (Forex Day Monster) in 15 Minutes charts since last couple day ago and i have the bad news : All FDM Oscilator is Re-Paint ! Anybody have a same problem like me ? Let me know if im wrong. Quote Link to comment Share on other sites More sharing options...
forexample Posted April 8, 2009 Report Share Posted April 8, 2009 Re: Forex Day Monster I'm interested just in the moving average settings...could someone please post them here? Thanks :peace: Quote Link to comment Share on other sites More sharing options...
fisherman69 Posted April 30, 2009 Report Share Posted April 30, 2009 Re: Forex Day Monster I have a I7 Core 6GB ram burner of a computer and this thing locks it up! I can run the most graphic intensive games all day long without a hickup! I think it's bad code or? Maybe mt4 needs to optimize their code? Basically unusable! Quote Link to comment Share on other sites More sharing options...
charlie_8 Posted May 10, 2009 Report Share Posted May 10, 2009 Re: Forex Day Monster hi, maby i have a tip for u and hope it'll help: u dont need to have full temlate on each graph. make a "lite" template, for eample only signal arrows or signal arrows with MA. if u get a sound signal then apply a full template and look if all condition are meet. if no apply the "lite" temlate again. regards charlie Quote Link to comment Share on other sites More sharing options...
Don Posted July 7, 2009 Report Share Posted July 7, 2009 Re: Forex Day Monster It is the "FDM Support and Resistance" indicator that slows down the computer so heavily (the one which plots the white asteriskses and updating the fibo on the right). I have removed it from the template and voilá, my computer is fast as lighting, again. Of course you may replace it to another S&R indicator. Also, with removing the FDM Support and Resistance indicator, the fibo object is also becoming useless (the S&R indicator updated it regularly). I hope this helps. Quote Link to comment Share on other sites More sharing options...
rstr Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Forex Day Monster Hi all, did anyone find an other better working Support & Resistance Indicator that draws the same lines? thank's for help Quote Link to comment Share on other sites More sharing options...
rstr Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Forex Day Monster Hi all, does anybody knows what the sometimes appearing thick points along the average line means? if it is going up they are green and going down they are magenta. they are direct on the average line. thank's Quote Link to comment Share on other sites More sharing options...
luke4p Posted July 17, 2009 Report Share Posted July 17, 2009 (edited) Re: Forex Day Monster ..................... Edited January 25, 2013 by luke4p Quote Link to comment Share on other sites More sharing options...
copycat Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Forex Day Monster Anybody knows how to change the time of the clock which shows London, GMT, New York time on the right top corner? Thanks. :) Get this free utility, it does exactly what u want and more... hxxp://www.symmetricom*com/resources/downloads/symmtime/ Quote Link to comment Share on other sites More sharing options...
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