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Profit Master V.3 -Forex Illumination-

Profit Master is an momentum indicator applied for reversal trading. summary of momentum indicators. An application of this indicator is ...

Profit Master is an momentum indicator applied for reversal trading. summary of momentum indicators. An application of this indicator is in the Forex Illumination template where to filter Profit Master the Bollinger Bands with a particular setting are used. In this case the filter is effective and powerful. Forex Illumination is suitable for both Forex trading (Day trading and Swing trading) and trading with high / low binary options.
Suitable for trading with masjor, minor and commodities.
Time Frame 5 mi or higher.
Expiry time Binary options high/low.
Metatrader 4 Indicators:
Three Profit Master indicators with differents setting.
Heiken Ashi
Pivot points level
Trading rules Profit Master
Price touches, breaks or near at the upper/lower bands, (this condition is optional but is recommended).
Buy or Call
When three buy arrows appear together with the Profit Master V.3 indicator, wait for the first white candle not with a thin body and enter when the next one opens.
Sell or Put
When three sell arrows appear together with the Profit Master V.3 indicator, wait for the first white candle not with a thin body and enter when the next one opens.
If the first attempt fails, a second entry can be attempted, re-enter.
Note: If the price breaks the bands you can also enter with two arrows.
Exit position at the pivot points levels at the middle band with ratio 1:1 stop loss.
Initial stop loss depends by time frame and currency pairs.
This is an discretionary winning strategy!
In the pictures Profit Master V.3 -Forex Illumination-
Profit Master V.3 -Forex Illumination-

Profit Master V.3 -Forex Illumination-

Profit Master V.3 -Forex Illumination-


Profit Master V.3 -Forex Illumination-

Profit Master V.3 -Forex Illumination-

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