In this post I will be reviewing the Forex Master Levels trading system by Nicola Delic. The Forex Master Levels trading system is a simple forex trading strategy for the popular and free MetaTrader 4 trading platform.
Forex Master Levels trading system is suitable for any level of trader as it has a small learning curve and thus is very easy to use and interpret the buying/selling signals whilst also showing you possible exits. You can choose to take the signals as they are or to add your own analysis. I would personally prefer to filter the signals generated with my own market analysis for extra confirmation. Forex Master Levels does require patience/discipline.
The Forex Master Levels trading system gives a practical way for the average person to trade online without learning anything over complicated. Manual forex trading systems can give you full control over the trades taken and allow you to control your money management which I would try to keep at least around 1:3 risk to reward ratio so that 1 losing trade does not wipe out winning trades.
The Forex Master Levels trading system can give you market entries which you could practice trading on a demo trading account to start with so you can trade risk free until you feel comfortable enough to go live.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Master Levels System
The Forex Master Levels trading system is a manual forex trading system that uses colour coded indicators to tell you where you could enter and exit the market. This makes it very easy to use and suitable for beginners. Plenty of documentation is included for this thorough forex trading system to ensure that you understand it inside out.
The Forex Master Levels creator claims that they were working with one of the largest financial institutions on earth when they developed this unique and powerful scientific trading algorithm.
It is multi-currency which means that you can use it on any currency pair that you wish although I would be trading the major currency pairs such as the EURUSD & GBPUSD due to their liquidity. I would also use an ECN forex broker to ensure that I have the best possible trading conditions with low spreads, fast execution and plenty of liquidity. Of course, the lower the commission, the more I can save in trading costs over the long term. It is very important to consider trading costs with any forex trading system so I would ensure that I account for them in my money management.
Forex Master Levels can be used on any time frame chart although I would personally use longer time frames such as the 1 hour and above charts as I find that there tends to be less noise on these charts.
The Forex Master Levels official website also includes a vast array of videos showing trades whilst giving you a clear overview of how it works and what to expect. I would take some time to sit back and watch the videos along with their explanations. It is good to see a forex system creator take the time and effort to give plenty of details on the system in question, you can tell that it is not rushed. You may want to skip over the sales pitch which is quite long and focus on what really matters which is the Forex Master Levels trading system.
The Forex Master Levels Super Dashboard Indicator does all the analysis. It will analyse the markets based on volatility and formations then uses a confirmation check after which point you are giving the signal to trade if you want to. Green means buy and red means sell. When the Forex Master Levels Super Dashboard Indicator agree on one colour, you can trade. It is as simple as that. You can of course add your own technical, fundamental and price action analysis should you wish and do not need to take all the signals generated.
There is a template included with Forex Master Levels which looks nice on the charts and provides you with a good overview of the market. The indicators will even display optional take profit and stop loss levels for you. You can take every trade or cherry pick the ones you want depending on the recommended take profit and stop loss levels. E.g. You may only want to take those that have a good risk to reward ratio.
Forex Master Levels Summary
Overall, the Forex Master Levels trading system is a decent manual forex trading systems provide it is combined with sensible money management and trading discipline. It is very technical/complex in it’s market analysis yet simple to use.
I would improve it further by adding a sentiment analysis such as that used by Forex Market Sentiment. The developer could also consider making a fully automated version but certainly when it comes to manual forex trading, this can be a useful system provided the trader is disciplined and sticks to the plan.
It includes DVD’s (basically videos) of the Forex Master Levels “how to’s” and show it in action. There is a members area to share with other users and learn from them, also a ton of bonus content which is good but the main things you will need are the dashboard, indicator and templates for MT4. Detailed instructions, full support, updates and a money back guarantee are also included. Certainly worth a look!