Introduction to the Forex Profit Heaper System
The Forex Profit Heaper is a forex trading system developed by members of ForexMt4Systems team. It is made of six indicators. This system works fine at all time frames (we recommend trading M5 or more).
Below you can find short description of each indicator.
FPH_Meter – first indicator displays strongest and weakest currencies on main chart. It helps you to decide whether it is worth or not to trade specific pair.
FPH_Bars – the second indicator is based on RSI indicator and it colors candles to show oversold and overbought levels.
FPH_Line – this indicator plots a line on the main chart. The indicator is based on ADX and it indicates a change in trend direction. Look for long traders when the line is blue and look for short trades when the line is red. It also has an alert function.
FPH_HistoBars – this histogram indicator helps you to confirm trade and its direction.
FPH_Filter – fifth indicator is based on momentum and it indicates the power of the current trend. Look for trade opportunities at beginning of trend changes. Plus full alert package.
FPH_Oscilator – the last indicator is just another confirmation indicator with a full alert package. Simply look for buy signals when there are green bars and look for sell when there are red bars.
How to trade the forex profit heaper trading system?
Place BUY orders when all 6 indicators agree to show long conditions (green colored). Place you stop loss a few pips below the recent swing low.
Place SELL order when all 6 indicators agree show short conditions (red colored). Place you stop loss a few pips below the recent swing high.
As always, remember about proper money management.
See also: Vulkan Profit Indicator
How to set up the Forex Profit Heaper Trading System in MT4?
Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste template file to the Templates folder.
Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.
The Forex Profit Heaper System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.
Forex Profit Heaper Trading System Free Download
To download the Forex Profit Heaper System for Metatrader 4 (MT4) for free just click the button below: