Profit System Trading System For MT4

Profit System Trading System For MT4

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 Profit System Trading System For MT4 uses simple indicators to determine the potential trade setup zones. According to the inventor this system tends to work well in the M15 and higher time frames.  He also says that it is better to stick to the M15 and M30 chart as the EMA used in this system has a relatively low period.

The exponential moving average is very reactive in nature. Since the core function of this system is related to EMA, we suggest the rookie traders follow the key steps mentioned in this article with great care.


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The Profit System Trading System For MT4

The EMA-based trading strategy is very easy to use. However, the system might seem tough to the rookie traders. But they can always improve their learning skills by practicing with the paper trading account.

The key indicators of this trading strategy are EMA and the Parabolic SAR. We know that the EMA provides an overall outlook of the market, by changing its slope. Moreover, we can determine the trend by relating the price position with the EMA. If the price trades above the EMA, we may say the bulls are in control. On the contrary, if the price falls below the EMA, it is better to assume the trend is bearish.

Before moving to the key steps to execute the trade, let's see the main indicator for this system.

 

  • EMA 50
  • EMA 25
  • EMA 10
  • Parabolic SAR (0.02, 0.2)

 

In the marked area, we can see the price is trading above the EMA 50, 25, and 10. Moreover, the Parabolic SAR is printing the dots below the candlestick. 

EMA 50 will be used to determine the long-term trend while EMA 25 will give us information regarding the medium-term trend. To improve the trade execution, the EMA 10 will be used. In short, the EMAs will be used to analyze the trend direction and the Parabolic SAR reading will be our confirmation signal.

Parabolic SAR is a trend following indicator which shows the strength of the buyers and sellers. If the dots are below the candlestick, the overall trend is bullish. On the other hand, if the dots are above the candlestick, the overall trend is bearish.

But if see a frequent change in the position of the dot, we should expect a ranging market. And taking the trades during the ranging market might be a bit riskier as we may experience a major breakout of the consolidation zone.

 

Profit System Trading System For MT4 - Bullish Trade Setup


 

The Profit System Trading System For MT4 is mostly designed to trade the major pairs. However, skilled investors can test this trading method to trade the minor currency pairs in the demo account.

 Incase the minor pairs are select as the prime trading instrument, it is better to analyze the data in the H1 or higher time frame.

 

Bullish Trade Conditions

    1. The price should be trading above EMA 50.
    2. EMA 10 should cross above EMA 25 and EMA 50.
    3. Parabolic SAR dots should be printed below the candlesticks.

 

Entry

After checking the required condition, you can open a new long trade with a proper risk management policy.

 

Stop Loss

The functions of the EMA is more like support and resistance tool. So, for the stop loss point, you can set the SL price below the 50 EMA. Those who have knowledge about candlestick pattern trading can use the price action confirmation signal while placing the stops.

 

Take Profit

The take profit level needs to be determined by analyzing the resistance level. But if you want to close the trade manually, you can wait for three parabolic dots above the candlesticks.

 

 

Profit System Trading System For MT4 - Bearish Trade Setup


Taking the short trade is more like taking the long trades. We need to check three conditions in the market.

 

Bearish Trade Conditions

  1. The price should be trading below EMA 50.
  2. EMA 10 should cross below the EMA 25 and EMA 50.
  3. Parabolic SAR dot will be printed above the candlestick.

 

Entry

Execute the long trade after checking these three conditions. Carefully determine the lot size so that you don't have to deal with unexpected big losses.

 

Stop Loss

EMA 50 is going to as the resistance level. So, you may place your stop above the 50 EMA. If required, you can ride the bearish trend until you get three bullish parabolic dots below the candlestick.

 

Take Profit

Usually, novice traders don't realize the importance of closing the trades. The developer of this trading strategy suggests placing the TP level to the nearest support zone.  And if the trade fails to hit the take profit within 8 hours, it is better to close the trade.

 

Profit System Trading System For MT4 - Summary

 Let's summarize the key points for The Profit System Trading System For MT4:

  • If the price is trading above three EMA's the overall trend is bullish. On the contrary, if the price is trading below EMAs, the overall trend is bearish.
  • We should execute the trade after 10 EMA crosses the 25 EMA.
  • Parabolic SAR dots is considered as the confirmation signal. So, we have to look at the parabolic SAR dots before taking any trade.
  • The stop loss level will be based on the EMA 50, and the Take profit level will be based on the EMA crossover in the opposite direction.

 

Though the trading strategy relies on simple logic, we should be careful about our actions. Failing to follow the key steps mentioned in this article may lead to big losses. That's why rookies should always trade with managed risk and maintain a strategic routine. 

Please note that learning a new system requires patience and extensive practice. So, it is better to prepare yourself by using the demo account for few months. By doing so, you can learn the functions of this strategy without risking any real money.

 

Warning: When you start trading this system then you should begin with a demo account. Every new trading system requires that you learn new skills. Errors will occur at the beginning and therefore you can save yourself money if you learn on a demo account.

Download the complete system description and the files here:

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Download the FREE Profit System Trading System for MT4.

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