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Download Global Profit Trading System For Mt4
Global Profit System is a forex trading system. The Global Profit System is a swing trading forex trading system. Global Profit System can be used for scalping purpose as well. The Global Profit System is a very simple forex trading system but it generates high quality output. One can be very flexible regarding the time frame and the instruments when you trade with this forex trading system. There are only three indicators used in this forex trading system but it is more than enough to make money on a consistent basis.
Moving Average
There is a 10 period moving average used in this forex trading system. Moving average is the simplest technical indicators yet very powerful one.
Trigger
Trigger is a technical indicator which consists of histogram which fluctuates in positive and negative territory. When the histogram is in positive territory, market is up trending and when the histogram is in negative territory it indicates that the market is down trending.
Momentum Indicator
There is a momentum indicator used in this forex trading system. You can see a red and white oscillator in this forex trading system. When the red oscillator is above the white oscillator, it indicates a buying signal. Similarly, when the red oscillator is below the white oscillator, it is a selling signal.
Buying Conditions Using Global Profit System.
Market should be up trending.
Market should be bouncing from the recent swing low.
Market should be above the moving average.
The Trigger indicator should be positive.
The red oscillator of the momentum indicator should be above the white oscillator.
Place your long position as soon as above conditions are met.
Place your stop loss just below the recent swing low.
Take your profit when the Trigger indicator turns negative.
Selling Conditions Using Global Profit System.
Market should be down trending.
Market should be pulling back from the recent swing high.
Market should be below the moving average.
The Trigger indicator should be negative.
The red oscillator of the momentum indicator should be below the white oscillator.
Place your short position as soon as above conditions are met.
Place your stop loss just above the recent swing high.
Take your profit when the Trigger indicator turns positive.
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