232# RP Trading System

Submit by Joker

 

Time Frame 4H or daily

Currency Pairs:all.

System 2 uses 4 different indicators

1.FXI.

2. Market Strength

3. Market Direction

4. ATR(21)

ENTRY RULES

BUY RULES

Open a LONG position when all these conditions are satisfied

- Arrow UP

- Market Strength Indicator is BLUE

- Market Direction shows both UP arrows (BLUE color)

SELL RULES

Open a SHORT position when all these conditions are satisfied

- Arrow down

- Market Strength Indicator is RED

- Market Direction shows both DOWN arrows (RED color)

Stop loss

The stoploss value will be derived from the ATR(21) indicator. Stoploss = 0.85 x ATR


Exit

There are two ways to exit your trade

- Use take profit level equals or 2 times of stoploss level.

- Exit when there are MStrength or MDirection indicators showing a reversal signal

In the pictures RP forex system in action.


RP Trading System. Template and Indicators

RP
Forex Trading System
RP.rar
compressed file archive 19.1 KB

Share your opinion, can help everyone to understand the forex strategy.

Comments: 0