The FxPro Signal Trading System for MT4 is the most reliable FX trading method with impactable trading results. The technique is mainly based on the market trend as a strong movement is less risky than a choppy market and can provide a decent outcome.
As this method is based on indicators, we always look for the tool to provide signals for buying and selling positions. Furthermore, we will utilize multiple trading indicators like FxPro Line and MACD to raise trading probabilities.
What Is The FxPro Signal Trading system?
This is the most popular trading method because it can generate massive outcomes if proper money management and trading psychology are made. In addition, it was built depending on the most popular FX trading tools like FXPro Signal and MACD.
The FxPro Signal Trading system for MT4
It is predominantly a currency trading method, which works excellently on H4, H1, and 30M time frames. However, we will only focus on 30M time to enter a trade, and for further confirmation, we will look at H4 and H1 time frames.
Furthermore, we will use two highly accurate indicators to locate the price momentum with higher exactness in this trading system. Although the FX market is very uncertain, the only way to survive in this trading world is to build a higher-accuracy trading system using several indicators.
Let’s look at the trading indicator for the FxPro Signal Trading System for MT4.
FxPro Line
It is a technical tool, which calculates the market momentum/bias and shows buy and sell signals by blue and red arrows.
- If the market is above the FxPro line middle, it indicates that the market is bullish.
- If the market is below the FxPro line middle, it indicates that the market is bearish.
Furthermore, the FxPro Line upper works as resistance, and FxPro line lower works as support. So, you can sell from the FxPro line upper and buy from the FxPro line lower.
MACD
Gerald Appel developed the MACD in the late 1970s. It is one of the most helpful momentum indicators accessible. You can use the MACD as both moving averages and trend-following indicators from the momentum class.
This indicator varies above and below the zero lines with the MACD. As a trader, you should focus on when the MACD histogram moves above the zero lines or below the zero lines.
Let’s have a glance at the indicators below for FxPro Line Trading System for MT4.
Bullish trading strategy
The FxPro Trading System for MT4 is suitable for all time frames from five minutes to daily. However, we will trade on a 30-minute time frame, and also, we will take confirmation from H4 and H1 time frames to get higher accuracy.
However, this trading method works on any currency pairs like major, minor or exotic, where trending currency pairs can provide you with higher accuracy trades.
Bullish trading conditions
- All three time frames, H4, H1, 30M, are showing a bullish trend.
- Three-time frames are blue.
- Price is at the lower line on H1 and 30M time frame.
- MACD line at the lowest level or below 0.00, probably a change in price direction will apply.
Entry
After confirming the conditions of buy trade on all time frames, you should execute a buy trade as early as the running candle closes. Otherwise, you can put a buy-stop order above the running candle with a few pips buffer.
Stop loss
As the FXPro signal trading system is a trend following trading method, the current trend is imminent to continue as long as the price resides over the ongoing swing low. So, it would help if you put your stop loss below the recent swing low with a 10 to 15 pips buffer.
Take profit
It is better to take the profit depending on the 1:1.5 or 1:2 risk-reward ratio. So, if you are risking 20 pips for your trade, you should target 40 pips to take the profit. Otherwise, you can take your profit when the Red arrow appears.
Bearish trading strategy
The bearish trading system is also very much suitable for all time frames from five minutes to daily. However, we will trade on a 30-minute time frame, and also, we will take confirmation from H4 and H1 time frames to get higher accuracy.
However, this trading method works on any currency pairs like major, minor or exotic, where trending currency pairs can provide you with higher accuracy trades.
Bearish trading conditions
- All three time frames, H4, H1, 30M are showing a bearish trend.
- Three time frames arrows are red.
- Price is at the upper line on H1 and 30M time frames.
- MACD line at the highest level or above 0.00, probably a change in price direction will apply.
Entry
After confirming the conditions of sell trade on all time frames, you should execute a sell trade as early as the running candle closes. Otherwise, you can put a sell stop order below the running candle with a few pips buffer.
Stop loss
As the FXPro signal trading system is a trend following trading method, the current trend is imminent to continue as long as the price resides below the ongoing swing high. So, it would help if you put your stop loss above the recent swing high with a 10 to 15 pips buffer.
Take profit
It is better to take the profit depending on the 1:1.5 or 1:2 risk-reward ratio. So, if you are risking 20 pips for your trade, you should target 40 pips to take the profit. Otherwise, you can take your profit when the blue arrow appears.
Final thoughts
You can achieve positive trading results from this trading method. However, there is no hundred percent guaranteed that all trades are close to a profit. You may face several losses in a row also. So, always maintain a better money management method to avoid unexpected drawdowns.
