The Forex currency trading system called 4X Pip Snager contains 2 separate systems – the swing trading and intraday system. They are both manual trading methods that have proven to get results fast for beginners and experienced traders alike. The guide will teach you how to open trading positions manually and set the appropriate take profit and stop loss goals using a set of mechanical and effective indicators and rules.
1. What is the Forex 4x Pip Snager Intraday System All About?
This is one of the 2 main systems inside the package, and mainly works by finding price trend swings on a short time scale chart such as the 5 minute chart. I find this method to be quite interesting and effective with a favorable risk reward ratio.
The take profit levels are usually set at 50 to 100 pips, with stop losses set at about half of the take profit levels. Even though this is a short term trading strategy, its long term results have been pretty consistent and profitable, making winning trades in more than 85% of the time.
2. How Does the Forex 4 Pip Snager Scalping System Work?
The other system is based on the strategies of scalping, and you can see it being demonstrated live on the main website. The mechanical analysis steps allow traders to find profitable trade signals and then to exit the trade with a profit or to cut losses. It works on an even shorter time frame, the 1 minute chart, and makes an average of 20 – 30 pips.
3. Are the 4X Pip Snager Manual Systems Right For You?
If you need a manual trading system that makes consistent pips every month, this is definitely a Forex system that you will want to find out more about.