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:
- Arrow UP
- Market Strength Indicator is BLUE
- Market Direction shows both UP arrows (BLUE color)
SELL RULES:
- Arrow down
- Market Strength Indicator is RED
- 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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