Forex Profit HeaperForex Profit Heaper is a trend following forex trading system. The Forex Profit Heaper is a fantastic forex trading strategy for the hardcore trend followers. Being able to make large profits by risking very less capital is one of the major advantages of this trading system and this is also the another reason why forex traders love this forex trading system. In a rigorous backtesting phase, this forex trading system generated 85% accuracy. For any retail forex traders, being able to beat the market 85 times out of 100 is a very successful scenario.
Before starting to trade with this forex trading system it’s good if you are familiar with the basic concept of market trend.when you install Forex Profit Heaper in your MT4, your chart should look as shown below:
Forex Profit Heaper Forex Trading System Overview
|Time Frame||Instruments||Number of Indicators||Ratings|
|M5, M15, H1, H4, and Daily||Any||5||9.9|
When you install Forex Profit Heaper on your trading platform, your chart will look like this:
Forex Profit Heaper Trading Indicators Overview
|Main chart||Window 1||Window 2||Window 3|
|FPH Bars||FPH HistoBars||FPH Filter||FPH Oscillator|
• FPH Bars
FPH Bars are the green and bars that you see in the main chart window. The green bars indicate bullish sentiment in the market and the red bars indicate bearish dominance in the market. Therefore, before placing a trade in any direction you should care about these bars.
• FPH Line
FPH Line is a custom-made moving average that you see in the main chart. This is the major signal generator indicator of this forex trading system. The buying and selling signals are generated on the basis of crossovers of this indicator. When this indicator is blue, it indicates buying and when this indicator is red, it indicates selling.
• FPH HistoBars
FPH HistoBars is the indicator that you see in the indicator window. The bars work in a very simple concept. When the bars are green it indicates bullish market conditions and when the bars are red, it indicates bearish market conditions. Therefore buy when bars are green and sell when the bars are red.
• FPH Filter
FPH Filter has the same concept of FPH HistoBars but with different algorithms.
• FPH Oscillator
It also works in the same way as above indicators work but it has also different inputs which create a different result.
Forex Profit Heaper: Buy Parameters
1) The currency pair should be trending upwards.
2) Currency pair should be bouncing from the recent swing low.
3) The FPH Bars should be green.
4) The FPH line should be blue.
5) The FPH HistoBars indicator should be green.
6) The FPH Filter indicator should be green.
7) The FPH Oscillator should be green.
8) Place your long position as soon as above conditions are met.
9) Place your stop loss just below the recent swing low.
10) Take your profit when the FPH line and FPH bars turn red.
Another amazing trading system: Supreme Profit Forex System
Forex Profit Heaper: Sell Parameters
1) The currency pair should be trending downwards.
2) Currency pair should be falling from the recent swing high.
3) The FPH Bars should be red.
4) The FPH line should be red.
5) The FPH HistoBars indicator should be red.
6) The FPH Filter indicator should be red.
7) The FPH Oscillator should be red.
8) Place your short position as soon as above conditions are met.
9) Place your stop loss just above the recent swing high.
10) Take your profit when the FPH line and FPH bars turn blue and green respectively.