The LMT Forex Formula Trading System. Even though I’m trading on the daily and 4H charts, being patient has its rewards. Here’s a trade that the LMT Forex Formula signaled on the 4th of February, 2010 on the daily charts.
It’s a buy trade that’s bouncing off a Support and Resistance line when the BUY signal came in.
LMT Forex Formula Conservative Trade Management Strategy
I used the conservative trade management rules to exit half the position at the first profit target, and then shifting the stops to break-even. In other words, this has now become a No-Lose trade with the potential of it running into several hundred pips in profit.
LMT Forex Formula Reward-Risk Ratio
The Initial Stop Loss was 66 pips, and if the USDCHF runs all the way to a couple of hundred pips or more, that’s a great risk reward ratio. The next possible resistance level is at 1.0960, which if hit would give a potential of +299 pips.
That gives us a Reward-Risk ratio of 4.5 (299 pips / 66 pips = 4.5).
That’s a pretty awesome Reward-Risk ratio. Of course, with the trade management strategy that I’m using to let the position run, I could end up with a whole lot more than 299 pips, or a lot less than that. But right now, being in a risk-free position is a great place to be.
Another great thing about being in a NO-LOSE Trade is the fact I can now shift my attention to finding another good trade to enter.
For More Information on the LMT Forex Formula System
For more information on this particular forex trading system, read the LMT Forex Formula Review.
You can also check out the official website for the LMT Forex Formula. There’s that usual hype that comes with selling these forex trading systems, but when you cut through to the actual stuff, it’s a pretty decent forex trading strategy for people with limited time.
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