How To Use Forex Profit Launcher System
Forex Profit Launcher is a breakout system strategy that follows the current trend designed to help traders to spot breakout levels within the direction of the market trends. It consists of some very simple, easy indicators. No heavy technical indicators were used which make the main chart look over messy and noisy. this system help traders to draw the trend line automatically on the main chart. Fractals are also used in this system.
Forex profit launcher tells traders where is the potential support and resistance levels which marked by a small horizontal line on the chart. Just follow its rule the system does everything automatically. The system clearly tells you where the price will move in the future.
Forex Profit Launcher can be used at any forex currency pairs available at the trading platform with all sorts of timeframe charts.
After the correct installation is successful, Forex Profit Launcher, the System will appear on the MT4 chart like below:
INDICATORS:
Forex Profit Launcher:
It shows the possible swing zone of the current momentum. This indicator allows you to catch the right momentum early. Moreover, helps traders to identify the market direction based on the top or bottom swing levels.
MP-Hook Break:
It works like the Heiken Ashi candle. It will change its price bar color to signal the trends. The blue bar means the bullish market and the red bars signal the opposite momentum of the market.
Pivot Levels: Plots the key market levels. During trading, you should really to attend the market whenever the price reaches such levels. These levels work as horizontal support/resistance areas of the market.
Auto Trend Line:
It automatically plots lines on a chart as a trend guide created by the market price actions. This may help especially newbie traders to identify the current trend easily.
FPL SR:
Plots a temporary support/resistance area according to the market price changes. You can also use these levels as possible swing zones of the market. When price breaks out these levels within the current trend direction may create the breakout trading signal opportunities.
RULE of Forex Profit Launcher System
BUY Entry
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Forex Profit Launcher should be below the market price bar
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Price is above any Pivot Levels or Auto Trend Lines tilt upward.
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MP-Hook Break colored blue.
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Open BUY order when the price bar breaks the FPL SR level and stays above it.
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Place stop loss level below the low of the respective signaling price bar.
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Exit long whenever Forex Profit Launcher appears above the price bars.
SELL Entry
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Forex Profit Launcher should be above the market price bar.
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Price is above any Pivot Levels or Auto Trend Lines tilt downward.
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MP-Hook Break should be red.
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Open SELL order when the price bar breaks the FPL SR level and stays below it.
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Place stop loss level above the high of the respective signaling price bar.
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Exit SELL order whenever Forex Profit Launcher appears below the price bars.
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