Profit MAKER Indicator is a NON-Repaint FREE Indicator System MT4. It is a popular trading tool among traders of all levels, especially beginners looking for an easy-to-use and reliable trading system. The Profit Maker Indicator suits day trading, scalping, and swing trading. This indicator provides automatic buy and sell signals that are easy to understand.
The Indicator System MT4 comes with four confirmations and is a non-repaint indicator, which means that it accurately identifies profitable trading opportunities without repainting or changing its signals after the fact. The indicator uses advanced algorithms to identify trend changes, reversals, and breakouts in the market and generates signals based on these market conditions.
The Profit Maker Indicator is designed to work well on major currency pairs such as USDCHF, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, and NAZUSD. These are the market’s most actively traded currency pairs and provide traders with ample liquidity and volatility to generate profits.
For experienced traders, the Indicator System MT4 is an invaluable tool that can help them take their trading to the next level. The indicator provides advanced trading signals based on complex algorithms and market analysis, giving traders a more accurate market picture.
This Forex Trading Strategy is entirely manual. The 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.
Trading System MT4 can give you trading signals you can take as they are or add your additional chart analysis to filter the signals 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 Profit MAKER Indicator
You can set the Profit MAKER MT4 Indicator System 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 MT4 Indicator 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 M30 TimeFrames.
Trading rules for this Indicator System MT4
Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using the Trend Following Strategy.
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.
- BUY word appeared.
- A WHITE bar appeared below the candles.
- The WHITE line starts as an uptrend.
- RED sticks change to WHITE bars.
- SELL word appeared.
- A RED bar appeared above the candles.
- The RED line starts as a downtrend.
- White sticks change to Red bars.
Any positions with this Profit MAKER Indicator can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support, resistance, or high-low level as a reference point. You may also exit the trade manually if the conditions of the system reverse (the opposite signal appears).
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.