A simple stop-loss would prevent losses from growing too large and make Keltner bands, or a simpler moving-average envelope, a tradable system with profit potential for traders on all time frames.
Time frame is 15min pair is Eur/Usd (EU) Indicators Rate of change MACD Bollinger Bands Bulls Power Bears Power ADX RSI Stochastics. All the indicators are programmed into 1 alert indicator called “vForceAlerts”.
When vForceAlerts is loaded into your MT4 you will only see painted candles on your chart. The indicators are working behind the scenes. Please read on for more information. This may seem like overkill but everything is simplified into three colors as you will notice below. The system was created to fulfill my need to help others break their way into the Forex market. For me theres no point in selling something like this when I can give it away and put a smile on the face of traders facing the struggle of financial independence.
Of course Rob feels the same way. Im not going to bore you all with my with a huge block of text here. THE SYSTEM.All trades are signaled by an alert system. Go Short (you will hear the alert) When a red candle appears place a pending order 10pips from the low of the red candle and a stop 10 pips above the red candle and a trail stop of 50 pips.
Take 80% profit at 20 pips and let the rest ride till stopped out. Note that a green is the candle that your trade has been initiated. If your trade has not initiated within 4 candles close the pending order and wait for the next signal. Go Long (you will hear the alert) When a blue candle appears place a pending order 12pips from the high of the blue candle and a stop 10 pips below the blue candle and a trail stop of 50 pips. Take 80% profit at 20 pips and let the rest ride till stopped out. Note that a green is the candle that your trade has been initiated.
If your trade has not initiated within 4 candles close the pending order and wait for the next signal.
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