232# RP Trading System
Submit by Joker
Time Frame 4H or daily
Currency Pairs:all.
System 2 uses 4 different indicators
1.FXI.
2. Market Strength
3. Market Direction
4. ATR(21)
ENTRY RULES
BUY RULES
Open a LONG position when all these conditions are satisfied
- Arrow UP
- Market Strength Indicator is BLUE
- Market Direction shows both UP arrows (BLUE color)
SELL RULES
Open a SHORT position when all these conditions are satisfied
- Arrow down
- Market Strength Indicator is RED
- Market Direction shows both DOWN arrows (RED color)
Stop loss
The stoploss value will be derived from the ATR(21) indicator. Stoploss = 0.85 x ATR
Exit
There are two ways to exit your trade
- Use take profit level equals or 2 times of stoploss level.
- Exit when there are MStrength or MDirection indicators showing a reversal signal
In the pictures RP forex system in action.
RP Trading System. Template and Indicators
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