Introduction to the Get Profit Trading System
The Get Profit Trading System is a dynamic trend channel trading strategy that consists of three indicators. It was designed to give good profits to its users.
The first element is the Super Signal that displays buy/sell arrows. The second one is the Ozymandias Channel that draws a three-band channel acting like dynamic support/resistance levels. The last indicator is the FXScalper 25 that is used as a momentum filter.
The forex indicators of this system offer simplicity and good performance, therefore it’s easy to master and can be applied for live trading both by the newbie traders and experienced traders.
This system fits all kinds of timeframes and currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
Entry point for long trade occurs when the following conditions are met:
- Super Signal displays an upward arrow below the price candle
- Ozymandias Channel turns into green color
- FXScalper 25 bars turn green with a rising values
- Set stop loss below the current Ozymandias Channel position
Entry point for short trade occurs when the following conditions are met:
- Super Signal displays an downward arrow above the price candle
- Ozymandias Channel turns into red color
- FXScalper 25 bars turn red with a falling values
- Set stop loss above the current Ozymandias Channel position
Exit Trade / Take Profit
Exit trade when the Super Signal displays an opposite arrow, or use your own method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Get Profit Trading System in MT4?
- Get Profit Trading System.tpl
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, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the 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 Get Profit Trading 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.
Get Profit Trading System Free Download
To download the Get Profit Trading System for Metatrader 4 (MT4) for free just click the button below: