Forex Maddog Trading System By Michael Moses Makes 200-300 Pips Daily!

Forex Maddog Trading System has been developed by Michael Moses a professional trader who got his training from a hedge fund manager. Forex Maddog Trading System will show you how to make swing trades just at the right time making 30-50 pips per trade. Forex Maddog System can set you up for 200-300 pips daily. Everything about this system has been explained in a step by step manner by Michael Moses and you will find it to be very simple to trade with. Now, you need to keep this fact in mind that no matter how good your trading system, it will have losses.  It is impossible to have 100% win rate. Call it the law of statistics, probability or whatever you want but this is something that should always keep at the back of your mind. Always be ready to suffer a loss when trading.

So how do you manage your losses in trading? By keeping them small. How do you keep the losses small? By using a trading system that uses a small stop loss. Forex Maddog Trading System has been developed to trade with a small stop loss. Forex Maddog Trading System can trade any currency pair on any timeframe but Michael Moses says that he uses his Forex Maddog System to trade on the M5 timeframe. According to Michael, trading on shorter timeframes is his specialty.

There are a few advantages of trading on the shorter timeframes. The best advantage of trading on shorter timeframe is that you can trade with a very small stop loss something like 10-20 pips as compared to trading on higher timeframes where you have to use a large stop loss something like 60-100 pips. Now, if you are trading with a standard lot, 20 pips means $200 while 100 pips means $1,000. So you can well imagine how much loss you can suffer if the trade goes wrong.

The disadvantage of trading on shorter timeframes is that these timeframes are fast moving. You will have to monitor the charts continuously for the trade setups and you will have to act fast. Another disadvantage is the higher number of false signals that you will get on the lower timeframes due to the higher level of noise on them as compared to the higher timeframes.

Testing Forex Maddog Trading System

We always keep on pointing this out that never try to trade live with a new system until and unless you have thoroughly tested it. The best method to test any system is to keep a trading journal. Enter each trade that you make into that trading journal. Forex Mad Dog System comes with 60 days of no questions asked money back guarantee. So you have got full two months to test Forex Maddog System. First trade with it on a demo account for a period of one month. As said before enter the details of each trade that you make with this system in a trading journal. At the end of the month do a thorough analysis of the performance of Forex Mad Dog, like what was the win rate, how many pips made, how many pips lost, what was the max drawdown, what was the average size of the stop loss etc.

If you feel satisfied with one month of forward testing, open a live account with a deposit of $250 and trade live with the Forex Maddog System using a lot size setting of 0.01 Lot for one more month. Using this lot size setting on a 100:1 leveraged account means 1 pip will roughly translate into $0.1. So even if you lose 1000 pips, you will be only losing $100. At the end of one month of live trading , again analyse the peformance of Forex Maddog System. If the performance is not good, return Forex Maddog Trading System and get a refund.

0 Comments