Hello Traders! You are about to learn the complete details of a trading strategy we are using to trade in a variety of markets. This strategy can be traded in any market available in the Metatrader 4 platform. This is a trend following strategy where we are using the TrendBot EA to take trades in the direction of the intermediate trend.
We are using this robot to trade in the FX markets, Gold & Silver, and any CFD market offered by your broker’s MT4 Platform.
The TrendBot EA is a semi-automatic trading robot. It focuses on the money making aspect of the strategy by trading in the direction of the trend whether it is up or down. It applies the rules of the strategy developed by the Tokyo Traders Club, a.k.a. The TTC Plan.
You, the trader must first identify and analyze the opportunity, and then focus on the risk management of the strategy. Crush Pro Trading will manage the updates of the TrendBot EA so you don’t need any programming skills, and developing a solid understanding of the plan will allow you to work with the robot for maximizing the profits with acceptable risk.
Whether you are new to trading or have been doing it for a while, it is critical that you take the time to learn and understand the fundamentals of technical analysis, and the psychology of trading which will ultimately determine whether you become profitable or not.
A trading plan is made up of 5 essential elements. There are debates as to which one is the most important but we believe they are all critical parts to the overall trade. Your mindset is above all the most difficult part to train and we are confident that working with Crush Pro Teams will help you develop it.
Trading Plan
- The Setup: Identify and analyze opportunities
- Entry: How to get into the market
- Exits: How to get out of the market when you are right or wrong
- Risk Management: Is the opportunity worth the risk?
- Money Management: How to grow your capital
Developing a Trader’s mindset throughout
Each part of the trading plan will contain exactly what must be done in order to successfully trade this strategy. Conditions must be met (the rules) for each part of the plan. This will allow you to be able to repeat the process.
Emotions will be a hindrance in your development, and whether or not you can control them is critical. We have taken steps that will help, but only you can decide to follow the rules and guidelines. If done properly you will see your account grow, it is up to you.
Trader’s Mindset:
What is an edge? It is defined as any technique, observation, or approach that creates a cash advantage over other market players. Do you really need to have an advantage over other traders or just be in tune with the professional traders? An edge is what puts the probability of winning in your favor. Winning a trade is easy, but in order to win consistently, you must develop a trader’s mindset. So, an edge to us is working hard to gain the confidence to execute our method without hesitation or fear. Everything else is up to the market.