97# FX Pips Trading System

Submit by Dimitri 2024

The FX Pips MT4 Forex Indicator is designed to simplify trading decisions by providing clear signals for opening, managing, and closing trades. Here's a concise guide for using it effectively:

Key Components of the Indicator

Arrows for Trade Direction:
- Green Up Arrow: Signal to open a Buy position.
- Blue Down Arrow: Signal to open a Sell position.
Crosses for Trade Exit:
- Pink Cross: Indicates closing half of the open trade lot.
- Red Cross: Indicates closing the remaining half or the entire trade if no pink cross appears.
Lines for Trade Management:
- Blue Line: Price crossing above this line signals a Buy trade.
- Yellow Line: Price crossing below this line indicates closing a Buy trade.
- Green Line: Price crossing below this line signals a Sell trade.
- Red Line: Price crossing above this line indicates closing a Sell trade.
Stop Loss and Trailing Stop:
- The indicator provides a suggested stop-loss level.
- Use trailing stops for automated trade exits, allowing you to step away from the screen.
- Profit Target ratio stop loss 1:1 – 1:1.2.

Filter: Precision Trend indicator MT4 (default setting): white bar uptrend, red bar downtrend.

Practical Workflow

Opening a Trade:
- Buy
- Buy arrow, price crosses yellow line, precision trend white bar.
- Sell
- Sell arrow, price crosses red line, precision trend red bar.
Closing a Trade:
- Use the yellow line to close a Buy trade or the red line to close a Sell trade.
- Alternatively, follow the pink and red crosses for partial or full trade exits.
Automating Exits:
- Use the indicator's trailing stop-loss feature for stress-free management.

This indicator's simple yet powerful rules make it suitable for traders of all experience levels. Consistency in following its signals and proper risk management will enhance your trading performance.