How many pips per month?
It’s difficult to call an accurate figure because every month and every trader generates different results, but as a overall average you can expect between 500 and 700 pips per month.
What about win/loss and risk/reward ratios?
The system offers two types of trading approaches: a conservative and an aggressive one. Therefore, the ratios will vary depending on which one you go for in your trading. I personally like to be aggressive with my stop losses and conservative with my targets, which usually nets an average of 65-to-70 % win vs. loss ratio. Regarding risk vs. reward, the system only advocates for trades with a positive risk vs. reward ratio. The average risk vs. reward ratio comes between 1.6 and 2.4 (reward being around twice as large as the risk). Anything above that is usually rather rare to be honest. The positive risk vs. reward ratio, combined with the system’s built-in money management policy, makes the long term result expectancy very sweet.
Why is momentum so important?
Would you rather go for a fishing day to a dead pond or to a mountain river packed with fishes? The London Forex Rush advocates for momentum-trading and here is why: momentum is what feeds intra-day traders. Quiet and range-bound charts are useless as far as intra-day trading goes because you need the charts to move in order to profit from them. That’s why the London Forex Rush system focuses exclusively on the first two hours of the London session: it’s just the most volatile moment of the entire day! Don’t fear volatility – exploit it!
Do I need Meta Trader 4 to trade this system?
You don’t necessarily need MetaTrader 4 to trade the London Forex Rush System. However, if you want to take advantage of the automated custom indicators I provide with the system, then yes you want to download MT4 so you can benefit from my indicators in their full glory. The good news is that you can get MT4 freely and instantly here! By the way, your actual broker doesn’t have to be MT4-enabled. You can simply chart the custom London Forex Rush Indicators on a free MT4 demo account, read the trading signals being called early in the morning, and then send your orders to the market through your regular broker.
Do I need experience as a Forex trader?
No doubt, experience is always a positive thing, so being familiar with Forex and trading as a whole is always a bonus. However, the London Forex Rush System is very simple in its nature and its principles have been laid out in detail for you, so it could easily be your first serious Forex system and still you’d be able to trade it no problem.
Moreover, the custom indicator features a user-friendly interface: it calls the entry, exit, stop loss and direction of the trade (buy or sell) accurately so there’s no interpretation involved from the trader! As long as you can follow the signals as indicated you will do just fine.
Is the System fully automated?
Yes. As it’s been already mentioned, the indicator will call the trading signals for the day (if there’s any trading opportunity around, that is). There is hardly any chart-analysis to be done by you – you simply need to “click” your orders as instructed by the indicator, that’s all. Have a look at the screenshot on the right: that’s what you can expect to see every morning on your charts: all the trade parameters being called out right to the pip. Of course, if the indicator doesn’t recognize any trading opportunity for the day, it will clearly state so with a “No Trade” signal. So yup, everything’s pretty much automated :)
Only two hours a day … how is it possible?
The answer is both simple and powerful: total trading specialization!
Just as news-traders trade exclusively around news announcements, the London Forex Rush System only trades the first momentum-filled swing of the morning, that’s it. That first early move is all you need to grab your pips and be done for the rest of the day. That’s why it only requires two hours a day, and sometimes even less than that: the indicator will only search for trading opportunities during the first two hours of the London session.
