The Forex Mass Profit Trading Indicator System is a trend-following trading strategy filtered by momentum indicators.
The filters are based on no repaint forex indicators, then sometimes the filter may be slower than the signal but more reliable.
This indicator system fits all kinds of mt4 timeframes and currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
Buy Entry
Enter long trade after the green buy arrow appears; Flat MACD, RSI Filter, and Deep Bar should be blue. Set your stop loss(SL) at the previous swing low.
Sell Entry
Enter short trade after the red sell arrow appears; Flat MACD, RSI Filter, and Deep Bar should be red. Set your stop loss(SL) at the previous swing high.
Exit Trade / Take Profit
Exit a trade at the arrival of the opposite arrow, or use your method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Forex Mass Profit Trading System in MT4?
Files Included
Indicators:
- Deep Bar Indicator.ex4
- Flat_Trend_RSI.ex4
- Flat_Trend_RSI.mq4
- FLATTR~2.ex4
- FLATTR~2.mq4
- Forex Mass Profits EURUSD.ex4
Templates:
- Forex Mass Turbo Strategy.tpl
Installation Guide
Copy and paste indicator files into the MQL4 folder of the MetaTrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the template file to the Templates folder.
Now, right-click on the chart, and hover over Templates. You will have displayed a list of available systems; left-click the template name you want to run.
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Bottom Line
The Forex Mass Profit Trading System is worth adding to your trading collection but remembers to have realistic expectations. Like any other technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, it will give false signals occasionally. Its performance will vary significantly depending on market conditions.
