Profit Maker Indicator System by MobiRao
The profit Maker indicator is a free indicator system that does not Repaint. It is a popular trading tool among traders of all levels, especially beginners looking for an easy and reliable trading system.
The Profit Maker indicator suits day trading, Scalp, and swing trading. This indicator provides automatic buy and sell signals that are easy to understand.
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This MT4 indicator system comes with four confirmations and is a No Repaint indicator that accurately identifies profitable trading opportunities without changing or changing the signal after the fact.
Indicators use advanced algorithms to identify trend changes, reversals and breakouts in the market and generate signals based on these market conditions.
The Profit Maker indicator is designed to work well on major currency pairs including USDCHF, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, and NAZUSD. This is the most actively traded currency pair in the market, providing traders with sufficient liquidity and volatility to generate profits.
For experienced traders, this MT4 indicator system is an invaluable tool that can help them take their trading to the next level. This indicator provides advanced trading signals based on advanced algorithms and market analysis, giving traders a more accurate market picture.
How To Use Profit Maker Indicator
Here is a complete guide to Forex Trading Strategies. Indicators generate signals, but any decision to enter the market and set a protective or profitable exit, SLs will be up to the trader. Therefore, traders must be familiar with the principle of risk and reward and use the initial support and resistance areas to determine the entry and exit.
This Trading System can provide you with trading signals that you can get as it is or add additional chart analysis to refine the recommended signals further. Although traders of all experience levels can use this system, trading on an MT4 demo account can be beneficial until you are confident in regular and live trading.
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The basic chart of the income generator
You can configure the Profit MAKER MT4 indicator system to send you alerts. This is useful because you don’t have to watch the charts all day long waiting for a signal to appear and you can monitor several charts at the same time.
This MT4 indicator system works on Forex currency pairs and stocks, commodities, crypto, precious metals, oil, gas and more. can be used in 1 Minut to 1 month chart. Works best on M30 TimeFrames.
Trading Rules for MT4 Indicator System
Don’t forget to close your entries on high impact news releases or avoid trading at least 15 minutes before and after this event when using the Trend Following Strategy.
As always, remember to manage your money properly to get the best results. To become a profitable trader you need to master discipline, emotions and psychology.
Knowing when and when to trade is very important. During unfavorable periods and low volume/volatility conditions, from key sessions, exotic currency pairs, wider spreads, etc. Avoid such trade terms
Buy Trade
- The word BUY appears.
- A white bar appears under the candle.
- The white line starts as a rise.
- The red bar turns into a white bar.
Sell Trade
- The word SELL appears.
- A red line appears above the candle.
- The RED line starts as a drop.
- The white bar turns into a Red bar.
When to Exit
Tades in this profitable indicator can be canceled for fixed profit ratio in any position . Alternatively, profit targets should be set using previous support, resistance or high lows as reference points. You can also manually exit the trade if the system conditions are negative (a negative signal appears).
It is recommended to use stop loss. Place the SL below the Entry price using the previous support/resistance as a reference point or the previous swing high/low. It is not recommended to use fixed stop loss settings without any reference.
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