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By ForexMT4Systems Team
System installation
If you already have MetaTrader 4 installed, place the following files:
Indicators goes:
into C:/Program Files/xxxxx/experts/indicators, where xxxxx is the name of
your MT4.
For example, the MT4 from FxPro is called FxPro - MetaTrader, and the
complete
Template goes:
into C:/Program Files/xxxxx/templates, where xxxxx is the name of
your MT4.
After finished restart you MT4 platform for changes to apply.
System Rules
Go short:
1. FPH_Meter select currency which is weakest and trade agains
strongest.
2. FPH_Line turns red and goes above FPH_Bars.
3. FPH_HistoBars goes below 0 and turns red.
4. FPH_Filter goes below 0 and turns red along with blue and green lines.
5. FPH_Oscilator bars goes below 0 and turns red.
Go Long:
1. FPH_Meter select currency which is strongest and trade agains
weakest.
2. FPH_Line turns blue and goes below FPH_Bars.
3. FPH_HistoBars goes above 0 and turns green.
4. FPH_Filter goes above 0 and turns green along with blue and green lines.
5. FPH_Oscilator bars goes above 0 and turns green.
Exit rules:
Exit trade when indicators turns agaist your trade direction. Trailing stop
could be applied, stop loss for it depends on timeframe.
Stop loss should be placed at previous low or high.
trade example 1:
trade example 2:
trade example 3:
trade example 4:
trade example 5:
trade example 6:
trade example 7.