Mega Pips System is a NON-Repaint FREE Trading System. It is a winning trend-following system with a profitability of 60%. It is designed to be easy to earn 300 pips per week on only three currency pairs, making it an attractive strategy for both beginners and experienced traders.
The primary indicator is Bollinger Band Stop, which filters out false signals by showing the trend direction with a colored line, and the trend indicators that confirm the trend strength.
Bollinger Band Stop indicator is a trend indicator that filters out false signals by showing the trend direction with a colored line. It is based on Bollinger Bands, which are volatility bands that measure standard deviations of price movements around a moving average. The Bollinger Band Stop line is calculated by adding or subtracting a multiple of the standard deviation from the moving average. The trend is bullish when the price is over the green line, and when the price is below the orange line, the trend is bearish.
The Mega Pips System operates on a 5-minute timeframe and is based on a combination of indicators that help traders identify and follow trends. This system is simple to use and does not require any complex technical analysis. It is designed to help traders make consistent profits by following trends and taking advantage of market movements.
One of the advantages of the Mega Pips System is that it is easy to learn and apply. The system is based on rules that are easy to follow and can be applied to any trading platform. This means traders can use this system immediately without specialized knowledge or skills.
Another advantage of the Mega Pips System is its flexibility. It can be used to trade any currency pair, making it suitable for traders who prefer to trade various currency pairs. Additionally, the system can be customized to suit individual trading styles and preferences.
In conclusion, the Mega Pips System is a simple and effective forex strategy to help traders make consistent profits. It is a trend-following system that is easy to learn and apply, making it an attractive option for beginners and experienced traders. With a profitability rate of 60%, the Mega Pips System is worth considering for traders looking for a reliable and profitable trading strategy.
This Strategy is entirely manual. Non-Repainting Indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
This FREE Trading System can give you trading signals you can take as they are or add your additional chart analysis to filter them further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
Main Chart of this Mega Pips System
You can set the Mega Pips Indicator to send you a signal alert. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
This FREE Trading System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts. Work best on 5M TimeFrame.
Trading rules for this FREE Trading System
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
You can enter within two bars from the filter or on the retracement if the trend changes just after the input signal of the Bollinger Band Stop indicator. The retracement can be detected with an additional moving average or when there is a candle of the opposite color to the trend. For example, if the trend is up (black candles), it is entered when a red candle is formed.
- Bollinger Band Stop White BUY dot (start of the blue line).
- Trend direction Indicator Black bars.
- Bollinger Band Stop Yellow SELL dot (start of the red line).
- Trend direction Indicator Red bars.
Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support/resistance or high/low as a reference point. You may also exit the trade manually if the Non-Repainting Indicator system conditions reverse.
- Profit Target at the Target UP/Down level.
It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.