Forex profit launcher is a forex trading strategy which is developed to use in metatrader trading platform. It is probably the easiest system out there to use because it draws the predicted price chart on the main chart. There are no any heavy uses of technical indicators which make the chart over messy and noisy. Forex profit launcher system automatically draws the trend line on your main chart window. Fractals are also used in Forex profit launcher trading system. Forex profit launcher system automatically identifies the potential support and resistance levels and those levels are marked with a small horizontal line on the chart. This system can be used to mange your trades as well. You can set multiple target zones using this system because the system shows you the potential target levels on the chart. To be honest, you have to do nothing everything is done by the system automatically. System will clearly show you where the price should be in future. However, like any other trading systems in the world this system will not generate 100% accurate results. You should use your common sense to increase the winning rates. You should trade in the direction of the trend. Money management should be sound one.
In total this trading system uses 5 technical tools for making a complete Forex profit launcher system. But we will not use all of them to make our trading decisions. When the Forex profit launcher is correctly installed on your metatrader, your price chart should look like this:
- Hook Break: Hook break is a customized price chart that you see on your main chart. It looks like a normal candlestick chart but it is customized version and has different features than that of those ordinary candlesticks.
- Strukture:Strukture is a customized technical indicator that draws the forecasted price action on the main chart. This indicator actually makes the job easier. You don’t have to think anything and just see where the forecasted price is going and execute your trade accordingly.
Buying Conditions Using Forex Profit Launcher.
- Strukture indicator should show that the price will rise in near future.
- Price should be making higher lows. Note that we will be buying at lows not highs.
- Place your stop just below the recent swing low.
- Take profit at the one of the levels shown by the system (target levels and stop loss levels are automatically shown by the system like in the above chart).
Selling Conditions using Forex Profit Launcher.
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