Prodigy Day Trading is a forex trading system. It is the forex trading system that is designed for the day traders. Prodigy Day Trading is a highly profitable trading and it helps you to become a consistent forex trader. Prodigy Day Trading can be used to place swing trading opportunities in the intraday time frames like 15 minute, 5 minute, and 30 minute chart. The Prodigy Day Trading system is a very simple forex trading system. You do not need extra skills of forex trading to trade profitably with this forex trading system. But you need very high level of discipline to master trading with any trading system.
It is the mindset of the trader that separates a successful trader and a loser. The way successful traders approach the business of trading is very different from the way wannabe traders approach their business. Like any other fields of life, you need passion in trading.
To talk about the Prodigy Day Trading, there are only two signals used in this forex trading system. These two signal generating indicators will help you to place your buy and sell position. When the Prodigy Day Trading system is correctly installed in your trading system, your chart should look like this:
In prodigy Day Trading System, you will see green and red arrows in the main chart window. Green arrows are the signal of buying while the red arrows are the signals of selling.
- Moving Average
There is also a moving average used in this trading system but it is not an ordinary moving average as it changes its color as the market changes its direction.
Buying Conditions Using Prodigy Day Trading System.
- Market should be above the blue moving average.
- A green arrow should appear below the market.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when you see another green arrow.
Selling Conditions Using Prodigy Day Trading System.
- Market should be below the pink moving average.
- A red arrow should appear above the market.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when you see another red arrow.
Download Free Forex Prodigy Day Trading Strategy
Make sure to check my advanced indicators below:
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