Forex Profit Launcher is a trend following breakout trading strategy. It has bee designed to help traders to spot breakout trade setups within the direction of current trade to involve better probability of trading success.
It has been combined with some very simple, easy, but effective indicators to guide you through the trading process.
Forex Profit Launcher can be applied to trade any forex currency pairs available at the trading system. Not only that — this system fits with all sort of timeframe charts so that, traders of all lengths can be benefited from it in their daily trading life.
Forex Profit Launcher Overview
After the installation of Forex Profit Launcher at your forex MT4 terminal, your chart will appear like the following image:
Forex Profit Launcher Anatomy
- Forex Profit Launcher: It signals the possible swing area of the market momentum. This indicator enables you to catch the right momentum at the right time. Moreover, you’ll be able to decide the trade direction based on the swing levels and its paths.
- MP-Hook Break: A trend indicator that works as like as the Heiken Ashi. It changes the color of the price bar to signal the trends. Blue bar signals the bullish bar and the red colored bars signal the bearish momentum of the market.
- Pivot Levels: Spots the key market levels or event areas of the market. During trading, you should really be watching the market closely whenever price reaches such areas. These levels basically work as horizontal support/resistance zones of the market.
- Auto Trend Line: It plots any possible trend line created by the price actions on an automatic basis. This helps newbie traders to detect the possible trendlines that point the possible direction of the current trend as well.
- FPL SR: It is a temporary support/resistance level detector according to the price action changes. You can also treat these levels as possible swing areas of the market. Price breaks out such levels within the trend direction creates the potential breakout trade opportunities.
Find the Best: Trend Reversal Indicator MT4
Forex Profit Launcher: Buy Parameters
- Forex Profit Launcher is plotted below the price bar
- Price is supported by Pivot Levels or Auto Trend Lines from going further down
- MP-Hook Break turns blue
- Buy triggers when price breaks above the FPL SR
- Stop loss below the low of the respective signaling candle
- Take profit/exit long whenever Forex Profit Launcher is plotted above the price bars
Forex Profit Launcher: Sell Parameters
- Forex Profit Launcher is plotted above the price bar
- Price is resisted by Pivot Levels or Auto Trend Lines from going further up
- MP-Hook Break turns red
- Sell triggers when price breaks below the FPL SR
- Stop loss above the high of the respective signaling candle
- Take profit/exit short whenever Forex Profit Launcher is plotted below the price bars