Fx Profit Wave Trading System

Fx Profit Wave Trading System is a very simple yet profitable forex trading strategy. Fx profit wave strategy was widely known and used by the professional money managers but later retail traders get know it and begin use too. Fx profit wave System Trading is a widely popular among the forex traders entire the world's financial market and it generated amazing results when was tested in the real market conditions.

Fx Profit Wave Trading System has 3 MT4 indicators and 1 template file (tpl), when you see a dot appear on your main charts, money is not far behind you. The system itself is easy to learn and to implement, althought you are a beginner trader.
Fx Profit Wave Trading System should be look like below on MT4 platform:
Fx Profit Wave Trading System
Fx Profit Wave Trading System

Indicators:

  • TSI indicator is very easy to read. It’s an indicator that tells the strength of the current trend. If Bullish (blue) value is over 50, it represents the uptrend is stronger than downtrend. The higher number means the stronger trend. While if Bearish (red) is over 50, it represents that downtrend in stronger than uptrend.

  • ML Indicator: This indicator is overlap on the main chart that shows a blue line below the candle price for the uptrend and red line above the candle price mean the downtrend. ML Indicator is a trend based indicator, which works to determine and predict the market movements with very high accuracy level.

  • HISTODOT Indicator: It's consist of two parts Histogram and Dots. In order to get a confirmed buy or sell signal, both the indicators have to be in alignment.

Fx Profit Wave Trading System Indicators
Fx Profit Wave Trading System Indicators

Trading rules:

BUY entry:
  • TSI value must be above 50 and have Bullish signal (on blue side).
  • ML Indicator show blue color and below the candles price.
  • Histodot bar shows blue color and above the Zero Level while its dots color should be green. 
  • Enter the Buy trade at the close of the signal candle whenever the conditions above are met.
  • Put Stop Loss below the most recent Swing Low.
  • Take Profit/exit buy order if the opposite condition are occured.
Fx Profit Wave Trading System Buy condition
Fx Profit Wave Trading System Buy condition

SELL entry:
  • TSI value must be above 50 and have Bearish signal (on red side).
  • ML Indicator show red color and above the candles price.
  • Histodot bar shows orange color and below the Zero Level while its dots color should be white. 
  • Enter the Sell trade at the close of the signal candle whenever the conditions above are met.
  • Put Stop Loss above the most recent Swing High.
  • Take Profit/exit sell order if the opposite condition are occured.
Fx Profit Wave Trading Sell condition
Fx Profit Wave Trading Sell condition

1 Response to "Fx Profit Wave Trading System"


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