LMT Formula Review -Does LMT Formula Work?

Semi Automatic Trading Strategy

Review Updated = 26th October 2009

It is called low maintenance trading formula. System is designed for people who have a full time job and they can spend 15 mins per day to trade the forex market. The system will generate more trades signal if you use 4hour time frame compare to daily time frame.

Broker Platform : Metatrader 4 (Work on both 4th and 5th decimal brokers) Backtest and Forward Test Generated With : Alpari UK Price : $149 Refundable: 60 Day Money-back Guarantee

Pair: Any currency pairs including gold and silver ( daily or 4 hour charts )

System Description

It comes with a set of indicators to identify the trend. This is a semi automatic trading strategy and can be traded with any currency pairs. With it sets of filters, the strategy is designed to provide the user with high success rate in each trade.

System trades with a specified stop loss and will scale out profits. When first take profit target is achieved, 50% of contract is closed to realise profits, stop loss is shift to break even point and remaining contract is trailed to capitalize on the trend for as long as possible.

Other Bonuses

When you purchase the system, you will get a manual and easy installer. In addition, you will also get videos which owner shows you how to setup to how to trade the system effectively.

1. Money Management

System recommends risking not more than 2% per trade.

2. Key Features

- High Success Rates (82% trades are Profitable Trades) - Specify trend - Calculate exact stop and take profit levels - Fixed trading plan

3. Result Comparison

The nature of the system does not allow back tests.

Key ratios to observe

- Winning Trade (%) - Max Draw down

Visit the Author's Link To View Forward Test Results of LMT Formula

4. Other Features

Trading 4 Hour Chart

It only trades when daily trend and 4 hour trend are the same. This is a newly optimised feature.

5. Weakness (If Any)

No Back Test

System cannot be back tested

Too Many Signals Generated At One time If trading many currency pairs

Signals must be carefully selected so that you aren’t trading with too high risk. Forex is a closely correlated market.

6. Support

The owner will personally reply your queries within 24 hours. Tested and a FAQ is provided. Future updates to this system are free. System is updated every quarter.

7. A Trade Setup

Eur/Usd 4Hour Chart

Date: 2009.10.19 (Trade from our forward test, can view more info at our forward results)

Visit Author's Link To View the Screenshot of This Trade

Trade analysis shows that D1 trend and H4 trend are up. Trigger indicator indicates a high probability setup and we entered at the closed of the green arrow candle. Stop loss and first take profit level are also specified at the trade analysis.

Entry Position- Locate Green Arrow. Entered at the closed of green candle bar risking 2% of account equity.

White solid line- entry price Red dotted line- initial stop loss Blue dotted line- 1st take profit level and exit 50% of contracts, stop loss shift to breakeven point plus 1 pip

Price trailed with a 2 bar low strategy.

Red solid line- trailing stop where price exited

Summary

System can be easily understood. And the filters introduced are helpful. Personally, I introduced a few filters and trade in a different way from Dean Saunders. I use my personal filters to forward test this system. It is working very well for me. If you want my personal filters, contact me via the contact form at the navigation bar.

As it can be traded with many currency pairs, it is not advisable to trade all of them at 1 time. By adding many positions trading many pairs at once, you are putting yourself to many risks. From my experience, forex market is a closely correlated market. It is advisable that you trade with a prudent risk management and not over trade the account.

Deciding how much to trade and which pairs to trade is the key to profiting with this strategy.

Rating

8/10

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Warren Seah

Warren examines commercial trading systems. He analyses to uncover good systems which bring in consistent profits in the long term.

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