Before use this forex trading system to trade it’s fine if you are understands the basic concept of market trend. It fit to any trading instruments and works fine at all timeframes ( 5m or higher recommended). After the installation of Forex Profit Heaper is correctly successfull in your MT4 platform, your chart should look as following:
Forex Profit Heaper System |
INDICATORS:
FPH_Meter: Located on left main chart which will tells the weakest and strongest currencies by numeral.FPH_Bars: It is developed based on RSI indicator to show overbought and oversold levels in color candle form. Consist of green and red bars which overlays main chart, where the green bars indicates bullish market while the red bars signals opposite direction.
FPH_Line: Appears on main chart, based on ADX indicator where it will change its color blue or red depends on the market sentiment up or down and It also has the alert function!
FPH_HistoBars: It is indicator window that applied below main chart work to confirm trades, consist of red and green bars, the green bars indicates the bullish market that confirmed while the red as bearish sentiment, equiped with alert function.
FPH_Filter: Is built based on momentum will show you a picture of trend current strength.
FPH_Oscilator: work same as above as confirmation indicator with different input parameters and also result.
Forex Profit Heaper System Indicators |
RULE of Forex Profit Heaper System
BUY Entry- The currency pair you are trading should be in up trend condition.
- The FPH Bars turns green.
- The FPH line turns blue.
- The FPH HistoBars indicator shows green bars.
- The FPH Filter indicator shows green bars.
- The FPH Oscillator shows green bars.
- Place BUY position whenever above conditions are met.
- Place stop loss level below the recent price swing low.
- Exit BUY whenever the FPH line and FPH bars turn red.
Forex Profit Heaper System BUY condition |
- The currency pair you are trading should be in down trend condition.
- The FPH Bars turns red.
- The FPH line turns red.
- The FPH HistoBars indicator shows red bars.
- The FPH Filter indicator shows red bars.
- The FPH Oscillator shows red bars.
- Place SELL position whenever above conditions are met.
- Place stop loss level below the recent price swing high.
- Exit SELL whenever the FPH line and FPH bars turn green and blue.
Forex Profit Heaper System SELL condition |
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