RP MT4 Trend Finder Indicator

RP MT4 Trend Finder Indicator

Trend Finder Indicator System Includes:
FXI Trend Finder
Market Strength
Market Direction
ATR(21)
This MT4 Trend Finder can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.

RP Trading System rules
Buy or Call
Open a LONG position when all these conditions are satisfied

Green Up Arrow in the main chart.
The Market Strength Indicator is BLUE.
Market Direction shows both BLUE UP arrows.
Sell or Put
Open a SHORT position when all these conditions are satisfied

Red Down Arrow in the main chart.
The market Strength Indicator is RED.
Market Direction shows both RED DOWN arrows.
Exit Position
The stop loss value will be derived from the ATR(21) indicator.

Stop loss = 0.85 x ATR
Use take profit level equals or 2 times of stop-loss level. (around 2:1 Take Profit to stop-loss ratio)
Exit when there are MStrength or MDirection indicators showing a reversal signal.