L.M.T Stands for Low Maintenance Forex Trading. This simple concept is behind the structure of this whole method of trading. The L.M.T Forex Formula is a simple to use trend following system that requires very little time to manage and trade.
The L.M.T Forex Formula was originally design for trading the Daily charts but can also be used very profitably on the 4 hour charts.
If you currently have a demanding day job but still wish to trade Forex then you will want focus on the daily charts. This allows you to only check your charts for 10-15 minutes a day (at the close of the daily candle).
Trading the daily charts will also provide you with very profitable trades sometimes netting anything between 100 and 2000 pips profit. Trading 10 - 12 pairs on the daily charts you can expect around 8-10 trades a month which is 2-3 trades a week on average.
What's Included In Dean Saunders LMT Forex Formula Package?
I. The entry signal must be in the direction of the current trend as indicated by the trend direction indicator (See "our review" picture below). For example if we have a buy entry we can only take it if the main trend indicator is also up.
II. There must be at least three red/green bars on the L.M.T Trigger indicator before the signal is given. For example if the trend is up there must be three or more red bars before a green bar forms to signal a buy entry. If the trend is down there must be three or more green bars before a red bar forms to signal a sell entry. If there are only two or less bars before the entry bar then the signal is invalid. That's it!
The installation of the software is very well explained in Dean's Handbook. It should not take more than 5 minutes to install the software to your free metatrader platform. (We've installed the software in less than 2 minutes)
Then attach the LMT Template to the EUR/USD daily chart to get started.
We've got 2 valid BUY signals
on the EUR/USD daily chart (see chart above).
Trade1 open @ 1.3629
T1 hit for 63 pips ( as recommended by Dean Saunders)
T2 closed for 500 pips ( this is our preferred T2 target - Dean uses a moving average to target T2)
Trade2 open @ 1.4163
T1 hit for 63 pips ( as recommended by Dean Saunders)
T2: still open
Total pips achieved so far: 626 in less than 2 weeks. (worth $6260 trading a standard forex account)
Our honest conclusion:
Dean Saunders LMT forex formula trading system is pretty accurate and very easy to understand. It only requires 5 min to check for signals on the daily chart.
The software paid back for itself in less than 1 business day. Well done Dean!
The L.M.T Forex Formula is a simple to use trend following system that requires very little time to manage and trade.
