FX Fortune Profit Strategy For MT4

FX Fortune Profit Strategy For MT4

Table Of Contents:

  1. FX Fortune Profit Strategy For MT4
  2. The FX Fortune Profit Strategy For MT4 – Long positions
  3. The FX Fortune Profit Strategy For MT4 – Short positions
  4. Is the FX Fortune Profit Strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The FX Fortune Profit Strategy For MT4 is a relatively simple forex trading system. It focuses on the short term trends that emerge in the markets. The choice of indicators could have been better. However, we are still able to determine trading positions based on the indicators that we have. This trading system can be applied to the short term charts and can be used primarily for scalping the forex markets.

On the main price chart, we have a custom indicator called the unstoppable forex profit indicator. While the name might sound quite interesting, this indicator simply plots the up and down arrows on the price chart. We're not entirely sure if the up and down arrows repaint or not. Therefore, traders need to focus on this when downloading and applying this trading strategy.

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This indicator is also responsible for plotting the information on the top right corner of the trading terminal. We find this to be a bit cluttered and as always, traders should not blindly take long and short positions simply because an indicator tells them to do so. Therefore, you could customize this indicator and remove some of the settings so that the charts are a bit easier to understand.

In the first sub window of the FX fortune profit trading strategy, we have another custom indicator called QTI. Again, not much information is known as to how this indicator is built. All you can see is that this indicator plots the histogram bars either red or green. There is nothing really unique about this indicator except for the name. The concept here being that this custom indicator is supposed to determine the price trends and act as a confirmation indicator for your positions.

In the second sub window of the FX fortune profit trading strategy, we have another custom indicator. These two works in the similar fashion as the previous indicator in the first sub window. It simply changes colors from green to red or vice versa and is used to act as a confirmation of the price trends. If you closely observe the two indicators in the sub windows, it seems like they are quite redundant. It doesn't matter that the indicators might be using different methods. We do not know how the calculations are done

traders should therefore exercise caution and perhaps closely observe these two indicators and remove one of them so that the trading system is a bit easier on the eye and does not use any redundant indicators. It can also make the trading template more lightweight and easier to trade. Let's now take a look at how you can trade long and short positions using the FX Fortune profit trading strategy for MT4.



The FX Fortune Profit Strategy For MT4 – Long positions


For a long position using the FX fortune profit trading strategy, we need to look for a short term uptrend to appear in the markets. Bear in mind that the trends you are looking at is the very short term trend. This uptrend is determined by an up pointing blue arrow on the price chart.

Once you see this uptrend emerge, wait for price to move higher to confirm the uptrend. Then when a retracement happens, you will see the yellow dots forming. After a yellow dot is plotted above the low of the price, set a long pending order near the previous yellow dot above the price high.

Use the previous low as your stop loss for the long pending order. Now calculate a fixed risk to reward ratio and set your take profit level accordingly. Alternatively, you can keep your position open. Wait for price action to continue moving in the same trend. You can then move your stop loss across to the highs as plotted by the yellow dots.



The FX Fortune Profit Strategy For MT4 – Short positions


For a short position using the FX fortune profit trading strategy, we need to look for a short term downtrend to appear in the markets. Bear in mind that the trends you are looking at is the very short term trend. This downtrend is determined by a down pointing red arrow on the price chart.

Once you see this downtrend emerge, wait for price to move lower to confirm the downtrend. Then when a retracement happens, you will see the yellow dots forming. After a yellow dot is plotted above the high of the price, set a short pending order near the previous yellow dot below the price low.


Use the previous high as your stop loss for the short pending order. Now calculate a fixed risk to reward ratio and set your take profit level accordingly. Alternatively, you can keep your position open. Wait for price action to continue moving in the same trend. You can then move your stop loss across to the highs as plotted by the yellow dots.



Is the FX Fortune Profit Strategy For MT4 profitable?


In conclusion, the FX fortune profit trading strategy is the trading system that can be ignored. The choice of indicators used is not really that great. In fact, from this whole trading system we find that the highs and lows plotted by the yellow dots is perhaps the only interesting element of this trading strategy.

Although the FX fortune profit trading strategy is built for scalping the short term charts, you could apply this trading system on the long term charts. The main reason being that it can allow you to identify the trends in the market. You can then trade the short term retracements as denoted by the yellow dots. This makes the FX fortune profit trading strategy to become a very customized trading system.

Therefore, in its entirety this trading system is rather useless. We do not recommend this trading system for beginners. Professional traders can, however, make use of a few of the indicators from this trading strategy and customize their own systems.

Download the complete system description and the files here:

FREE FX Fortune Profit Strategy

Download the FREE FX Fortune Profit Strategy for MT4.

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