Consider Using The Forex Trading Troll To Manage Your Forex Mastery Trades

Become A Forex Master!

Forex Mastery uses a very smart 3 Take Profit exit strategy. This method allows you to build your stop loss funds so you can get into more trades, increase your account balance so you can use more lots per trade and build your wealth so you can benefit in the real world from your Forex trading. Regardless of the Forex Mastery strategy you are using (Half Pike, Channel Hop or Gravy Train), this exit strategy is tops.

In order to execute this 3 Exit Strategy, I’ve noticed on the LIVE training sessions a lot of members are using a script to make this process easier.  Basically, the script places 3 trades at the same time… which allows you to set different take profits for each. I have noticed some problems people are having, which I outline in this post:  Forex Trading Troll – Perfect Trading Tool For Forex Mastery

I personally use the Forex Trading Troll to manage my open trades.  This is an Expert Advisor I had created allowing you to scale out of trades at 3 price targets as well as move your stop loss at levels you decide. This is PERFECT for the Forex Mastery 3 Target Exit Strategy.

Here is how it works…

• I place the trade in Metatrader4 and set my stop loss.
• I attache the Trading Troll
• I set the 3 Take Profit Levels
• I set the levels I want to Stop Loss to be moved

And that’s it!

If a take profit level is hit… the Troll scales out 1/3 of the trade.  I also have the stop loss moved up to break even +1.  And all this happens automatically.  Then it manages the two remaining positions at the levels I set.  it is just like I am sitting at the computer and making these adjustments manually.

If you use the scripts, you have 3 open orders per trade, which can get confusing.  Plus, you need to manually go in and change the stop loss to BE+1 on the two remaining orders if your Take Profit target is hit.  While the scripts are better than doing everything manually… the Forex Trading Troll is a much better option (in my opinion).

So, if you are using Forex Mastery, or any other Forex trading system that has you take partial profits and move your stop loss… I suggest you consider using the Forex Trading Troll to manage your trades.

Click Here To Learn More About The Forex Trading Troll