Last Updated on July 13, 2020 by Tim Morris

RP Forex Trading System

The RP is a forex trading system is based on FXI with other indicators in order for this method to be effective. This method uses a 4-hour or daily timeframe and works best in all currency pairs.

MT4 Indicators:

• FXI.
• Market Strength
• Market Direction
• ATR(21)

BUY RULES:

1. Arrow UP
2. Market Strength Indicator is BLUE
3. Market Direction shows both UP arrows (BLUE color)

SELL RULES:

1. Arrow down
2. Market Strength Indicator is RED
3. Market Direction shows both DOWN arrows (RED color)

Stop loss:

• The stop loss value will be derived from the ATR(21) indicator. Stop loss = 0.85 x ATR

Exit Position:

• Use take profit level equals or 2 times of stop loss level.
• Exit when there are MStrength or MDirection indicators showing a reversal signal.

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