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174# Rapid Trade Finder Review

Retracement trading

Cloud filter for retracement trading

Submit by Alex

 

Rapid Trade Finder is an Indicator / template created by Tosho Ryachev some years ago. The trading system is trend following but the trades are on the price retracement. Rapid Trade Finder manages to have good trades while minimizing risks. This feature makes it a good trading system capable of generating constant profits. Tosho Ryachev has also created other systems later, but this is certainly one of the best realized for trading with Metarader 4.

Rapid Trade Finder Review
Rapid Trade Finder Review
Rapid Trade Finder Review
Rapid Trade Finder Review

The system adapts to all time frames from 1 min or more.

It is possible to trade all the financial instruments present on MT4.

System logic

Rapid Trade Finder draws two clouds on the chart: a blue one to identify buy conditions and a red one to identify sell conditions.

When the price enters or touches a cloud it is the condition to enter the market, therefore, to enter you must wait for the second arrow.

Place initial Stop loss few pips above/below the yellow/red entry arrow.

Take Profit is set ratio stop loss 1:1.2.

To reduce false signals, trade in currency pairs trending at higher time frames.

Some ways of trading with Rapid Trade Finder

BUY Example

This is a trade taken on the USD/CAD currency pair, M15 timeframe. 

Rapid Trade Finder Review
Rapid Trade Finder Review

At point 1, the cloud is colored blue.

At point 2, price fell into the cloud and closed inside of it.

At point 3, as soon as the candle opened and signal arrow appeared, a

long trade was taken.

At point 4, Stop Loss was placed a few pips below the signal arrow.

At point 5, Take Profit was placed. This system uses 1:1 or 2:1 risk to reward ratio and in this example 2:1 ratio was used, which means Take Profit is two times larger than the Stop Loss (Stop Loss was 8 pips, and Take Profit was 16 pips then).

SELL Example

This is a trade take on the GBP/USD currency pair, H1 timeframe. 

Rapid Trade Finder Review
Rapid Trade Finder Review

At point 1, the cloud is colored red.

At point 2, price climbed up into the cloud and closed inside of it.

At point 3, as soon as the candle opened and signal arrow appeared, a short trade was taken.

At point 4, Stop Loss was placed a few pips above the signal arrow.

At point 5, Take Profit was placed. This system uses 1:1 or 2:1 risk to reward ratio and in this example 1:1 ratio was used, which means Take Profit is at the same distance from Entry Point as the Stop Loss (Stop Loss was 100 pips, therefore Take Profit was 100 pips also). 

Rapid Trade Finder Review
Rapid Trade Finder Review
Rapid Trade Finder.rar
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