Description: Super Trend Profit is a Forex trading strategy. It is a very good Forex trading system for the beginner traders, as it signals you when to buy and when to sell, which is clearly displayed on the chart. Super Trend Profit consists of nothing more than a custom made moving average.
The main signal generator and the backbone of this Forex trading strategy is this moving average, which is named Super Trend Profit. When you trade with this system, you can actually see textual information, that is displayed on the main chart. The textual information here means “BUY” and “SELL”.
The Super Trend Profit Indicator similar to a standard Moving Average. It is a line on the graph of the currency pair, which varies depending on the direction of prices.
Characteristics of Super Trend Profit Indicator
Platform: Metatrader4
Currency pairs: All pairs, recommended majors
Trading Time: Any
Time-frame: M30 and Higher
The use of the Super Trend Profit in trade:Another advantage you can get by using Super Trend Profit Forex trading system is that you get to know the current trend of the market and the current trading signal (BUY or SELL). At points of trend`s change indicator also gives a sound signal and the message appears on the graph SELL or BUY (2). Additionally, in the upper left corner of the graph is located informer, which additionally informs about the current trends (1).As you can see in the above picture, that Super Trend Profit indicator is just a moving average, that changes the color as the trend changes. When the market is bullish, the super trend profit indicator is light blue in color and it is red, when the market is bearish. Without any doubt, this system is a trend following system.Therefore, the system works best on trending market conditions rather than in flat market or it’s even better to ignore trading in sideways market.H1, H4 and D1 time frames would be perfect for Super Trend Profit system due to the reason, that the trend are more clearer on these time frames.
Rules for opening a long position:
Major trend should be up. This can be found out by looking at the information that is displayed on the top left corner of the main chart window
Current Trading signal should be up. This can be found out by looking at the information at the top left corner
Super Trend Profit indicator should be light blue in color
Place your Stop Loss just below the recent swing low
Exit (Take profit), when the Super Trend Profit indicator turns red
Rules for opening a short position:
Major trend should be down. This can be found out by looking at the information that is displayed on the top left corner of the main chart window
Current Trading signal should be down. This can be found out by looking at the information at the top left corner
Super Trend Profit indicator should be red in color
Place your Stop Loss just above the recent swing high
Exit (Take Profit), when the Super Trend Profit indicator turns light blue
Please note:
Buying this Super Trend Profit indicator, you do NOT have a full access to the Code and Parameters.