About The System
It contains of 6 custom made indicators.
First indicator is FPH_Meter. Applied on main chart which will do main inpact for you to take trades as it will show you strongest and weakest currencies.
Second indicator FPH_Bars. It is developed on RSI indicator overbought and oversould levels
The third indicator is FPH_Line. This indicator is applied on main chart. Built on ADX will show trend direction change. It has alert function!
The 4th. Indicator is FPH_HistoBars. Will work along to confirm trades with alert function.
The 5th. Indicator is FPH_Filter. Is built on momentum will draw you a picture of trend current power. With full alert package.
The 6th. Indicator is FPH_Oscilator. Is another confirmation indicator with full alert package.
If you already have MetaTrader 4 installed, place the following files: Indicators goes:
into C:/Program Files/xxxxx/experts/indicators, where xxxxx is the name of your MT4.
For example, the MT4 from FxPro is called FxPro – MetaTrader, and the complete
into C:/Program Files/xxxxx/templates, where xxxxx is the name of your MT4.
After finished restart you MT4 platform for changes to apply.
1. FPH_Meter – select currency which is weakest and trade agains strongest.
2. FPH_Line turns red and goes above FPH_Bars.
3. FPH_HistoBars goes below 0 and turns red.
4. FPH_Filter goes below 0 and turns red along with blue and green lines.
5. FPH_Oscilator bars goes below 0 and turns red.
1. FPH_Meter – select currency which is strongest and trade agains weakest.
2. FPH_Line turns blue and goes below FPH_Bars.
3. FPH_HistoBars goes above 0 and turns green.
4. FPH_Filter goes above 0 and turns green along with blue and green lines.
5. FPH_Oscilator bars goes above 0 and turns green.
*Enter trade if all indicators confirm signal!
Exit trade when indicators turns agaist your trade direction. Trailing stop could be applied, stop loss for it depends on timeframe.
Stop loss should be placed at previous low
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