Description: Forex Profit Boost is a Forex trading system.
This trading system is designed for swing traders. A simple indicator, which in itself almost an entire trading system. This indicator is a hybrid consisting of two classical indicators: Bollinger Bands and Moving Averages. Forex Profit Boost are not repainted, easy to use and configure.
This trading system is a very profitable trading system, if you follow the rules of the system very carefully. If any rules are broken, you should not expect to make any money from this system. You can have the better edge by trading with this system by taking trades only in the direction of the trend.
Forex Profit Boost is a technical indicator, that you can see in the main chart window. The blue and red bars, that you see above and below the market prices are the Forex Profit Boost indicator. When the bars are red you should be selling and you should be buying, when the bars are blue.
Characteristics of Forex Profit Boost Indicator
Currency pairs: Majors
Trading Time: Depends on the tactics of trade
Time-frame: Recommended H1 and higher
Settings of Forex Profit Boost indicator
MAPeriod - period moving average (recommended 5 and higher)
MAMethod - averaging method moving average:
0 - Simple averaging
1 - Exponential averaging
2 - Smoothed averaging
3 - Linear Weighted averaging
BBPeriod - period of indicator Bollinger Bands
BBDeviation - the number of standard deviations from the zero line
BBShift - shift of indicator relative to the price graph
Forex Profit Boost indicator is a trend, respectively, he gives the best results when working in trending markets, in a quiet market will give a lot of false alarms (ie, the required filter). The indicator shows the availability and strength of the trend of the currency pair. For signals of all three colors are used - the default is yellow, blue and red. The red color indicates the presence of the bearish trend, blue is said that in the market is currently ruled by the bulls. Yellow indicates a weakening of the current trend, the possible change of trend or the beginning of a rollback to the flat area. The more of yellow color, the more likely a change of trend.
Rules for opening a long position:
Market should be above the Bollinger band
The Forex Profit Boost indicator should be blue.
The MACD indicator should be positive, above "0".
Place your long position, when the above conditions are met.
Place your stop loss just below the recent swing low.
Exit of position in this strategy is carried out after the Forex Profit Boost indicator turns red or at occurrence yellow histogram bars.
Rules for opening a short position:
Market should be below the Bollinger band
The Forex Profit Boost indicator should be red.
The MACD indicator should be negative, below "0".
Place your short position when the above conditions are met.
Place your stop loss just above the recent swing high.
Exit of position in this strategy is carried out after the Forex Profit Boost indicator turns blue or at occurrence yellow histogram bars.
Please note that the strategy does not work, when there is no confirmation of one or more indicators.
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The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore, it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, expert advisors (EAs), scripts and/or indicators will result in profits or not result in losses.