Forex Profit Boost Indicator - Trading System
Description: Forex Profit Boost is a straightforward forex trading system designed primarily for swing traders. It combines elements of two classic indicators, Bollinger Bands and Moving Averages, to provide clear signals for entering and exiting trades. This system is known for its simplicity, non-repainting nature, and ease of configuration.
Key Characteristics:
Platform: Metatrader 4
Currency Pairs: Majors
Trading Time: Dependent on trading tactics
Time-frame: Recommended H1 and higher
Indicator Settings:
MAPeriod: Period of the moving average (recommended 5 and higher)
MAMethod: Averaging method of the moving average:
0 - Simple averaging
1 - Exponential averaging
2 - Smoothed averaging
3 - Linear Weighted averaging
BBPeriod: Period of Bollinger Bands
BBDeviation: Number of standard deviations from the zero line
BBShift: Shift of the indicator relative to the price graph
Behavior of Forex Profit Boost Indicator:
The indicator appears as bars (red, blue, yellow) above and below market prices.
Red bars: Indicates a bearish trend.
Blue bars: Indicates a bullish trend.
Yellow bars: Suggests a potential weakening or change in trend, often signaling market consolidation or reversal.
Trading Rules:
Long Position Entry:
Market Position: Price should be above the Bollinger Bands.
Forex Profit Boost Indicator: Shows blue bars.
MACD Indicator: Positive and above the "0" line.
Entry: Initiate a long position when all conditions align.
Stop Loss: Place below the recent swing low.
Exit: Close the position when the Forex Profit Boost indicator turns red or when yellow bars appear on the histogram.
Short Position Entry:
Market Position: Price should be below the Bollinger Bands.
Forex Profit Boost Indicator: Shows red bars.
MACD Indicator: Negative and below the "0" line.
Entry: Initiate a short position when all conditions align.
Stop Loss: Place above the recent swing high.
Exit: Close the position when the Forex Profit Boost indicator turns blue or when yellow bars appear on the histogram.
Additional Notes:
Confirmation: Ensure all specified indicators (Forex Profit Boost, Bollinger Bands, and MACD) confirm the signal to avoid false entries.
Market Condition: Best suited for trending markets where indicator signals are most reliable. Exercise caution in ranging or choppy markets.
Adherence: Strictly adhere to the trading rules outlined to maximize the effectiveness of the system.
Risk Management: Implement appropriate risk management techniques, such as setting stop-loss levels and managing position sizes.
By following these rules consistently, traders can effectively utilize the Forex Profit Boost indicator to identify and capitalize on trading opportunities aligned with the prevailing market trend. Always supplement technical analysis with sound trading discipline and risk management practices for optimal results.
You may buy this Forex Profit Boost Indicator just only for 10.30$.
For full access, including codes and parameters, click on Forex Profit Boost Indicator to purchase it.
RISK DISCLAIMER:
The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.