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.

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