RP MT4 Trend Finder Indicator

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RP MT4 Trend Finder Indicator FREE Download

The RP trading system is a trend finding indicator that provides easy to use buy/sell signals. This setup will suit the Swing Trader.

This indicator is made for the MT4 platform only. It works well on H4 and Daily timeframes. But you can use it even in any period of time.

This trend line mt4 system is based on FXI with other indicators for this strategy to work. This strategy uses the 4-hour or daily timeframe and works best in all currency pairs.

Trend Finder Indicator System Includes:

• FXI Trend Finder Indicator
  
• Market Strength Indicator
  
• Market Direction Indicator
  
• ATR Indicator(21)
  

See Also : MTF MACD Forex Indicator

This market trend indicator mt4 can provide you with trading signals that you can make or add your additional chart analysis to further filter the signals, that is recommended.

While this system can be used by traders of all experience levels, it helps if you practice trading on an MT4 demo account until you become consistent and confident enough to trade.

You can configure this FXI Trend Finder indicator to send you a signal alert. This is useful because it means you don’t have to watch the charts all day, waiting for the signals to appear, and you can monitor multiple charts at once.

The MetaTrader trend indicator trading system can be used on any Forex currency pairs and other assets like Commodities, Cryptocurrencies, Binary Options, Stock Markets, Indices, etc.

You can also use it on whatever timeframe works best for you, from 5-minute charts to daily charts. Works best in 4 hour or daily timeframe.

See Also : Forex Scanner Pro Indicator

Rules of the RP trading system

Buy Entry

Open a long position when all these conditions are met

• A green arrow pointing up in the main chart.
  
• The market strength indicator is GREEN.
  
• Market Direction shows two UP BLUE arrows.
  

Sell Entry

Open a SHORT position when all these conditions are met

• The red down arrow in the main chart.
  
• The Market Strength Indicator is RED.
  
• Market direction shows two RED DOWN arrows.
  

Exit from Trade

Stop loss value will be taken from the ATR(21) indicator.

• Stop Loss = 0.85 x ATR
  
• Use take profit equal to or higher than 2 times stop loss. (approximately 2:1 Take Profit vs Stop Loss ratio)
  
• Exit when the MStrength or Mdirection indicators show a reversal signal.

Free Download