RP Forex Trading System

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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.


Forex Trading Systems Installation Instructions

RP Forex Trading System is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex system is to transform the accumulated history data and trading signals.

RP Forex Trading System provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this system accordingly.

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How to install RP Forex Trading System?

  • Download RP Forex Trading System.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex system
  • Right click on your trading chart and hover on “Template”
  • Move right to select RP Forex Trading System
  • You will see RP Forex Trading System is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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