Forex Profit Keeper
Forex Profit Keeper system is well suited for intraday trading and scalping.
In this strategy, no preference regarding currency pairs. But nevertheless Forex Profit Keeper is better to use on the major currency pairs. The system is very simple and consists of only 4 indicators.
Characteristics of Forex Profit Keeper
Type of strategy: Indicator
Indicator FPK_Arrow pops white and points down
Indicator FPK_Arrow pops blue and points up
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.