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Forex Profit Boost or hurricane profit

Simple trading systems, as we know, are not necessarily unprofitable. Today we look at Forex Profit Boost – a simple indicator, which in itself almost an entire trading system. This indicator is a hybrid consisting of two classical indicators: Bollinger Bands and Moving Averages. Forex Profit Boost are not repainted, easy to use and configure.

Characteristics of Forex Profit Boost

Platform: Metatrader4
Currency pairs: Trend currency pairs
Trading Time: Depends on the tactics of trade
Timeframe: Any (recommended H4 and higher)
Recommended broker: Alpari

MAPeriod – period moving average

MAMethod – averaging method moving average:

  • 0 – Simple averaging
  • 1 – Exponential averaging
  • 2 – Smoothed averaging
  • 3 – Linear Weighted averaging

BBPeriod – period of indicator Bollinger Bands

BBDeviation – the number of standard deviations from the zero line

BBShift – shift of indicator relative to the price graph

Application of the Forex Profit Boost indicator

As I said, the indicator consists of several classic indicators, Bollinger Bands and two Moving Averages. Forex Profit Boost indicator is a trend, respectively, he gives the best results when working in trending markets, in a quiet market will give a lot of false alarms (ie, the required filter). The indicator shows the availability and strength of the trend of the currency pair. For signals of all three colors are used – the default is yellow, blue and red. As you probably guessed, the red color indicates the presence of the bearish trend, blue is said that in the market is currently ruled by the bulls. Yellow indicates a weakening of the current trend, the possible change of trend, or the beginning of a rollback to the flat area. The more of yellow color, the more likely a change of trend.

In my view, work with Forex Profit Boost indicator will be more effective in older periods of four-hour graf and higher, although the authors claim that it will work well on all periods. For less than four hours of indicator gives a lot of false alarms, though perhaps they can be reduced competent selection of parameters for a specific period of, and additional filtering of trades.

Forex Profit Boost includes several classical indicators: Bollinger Bands and two Moving Averages – one of which is configured in the settings, the second MA is a simple moving average, plotted on the closing prices of period averaging 21. When finding a custom moving average above MA21 indicator will painted in blue, when the lower – in red. Thus, determines the presence and direction of the trend. Than the moving average is closer to the borders of Bollinger, the less of yellow color, the stronger the trend.

Signals of the Forex Profit Boost indicator to enter a trad

The authors offer two versions of the indicator signal extraction – aggressive and conservative. Let’s start with the first one.

First, aggressive variant of the signal occurs when the histogram indicator changes from red to blue and vice versa, ie when changing the direction of the trend. In this case, when you change the bullish sentiment in the bearish (circle in the picture at number 1). Despite the fact that on the example we entered early in the nascent bear trend and could take a lot of trades in such pips on an inactive market, you would have had a lot of time to get a loss before jumped into a really good position.

Second, a conservative variant of entry suggests waiting rollback after the occurrence of a new trend to continue thereafter, thus slightly increasing the probability of falling into the trend (circle in the picture with the number 2). In other words, enter the market after the price is has rolled back, and then has gone in the right direction (yellow histogram bars have started to decrease in size).

And although the rules to exit positions from the authors of the indicator I have not found, yet also offer two different options for exit. For conservative traders will approach exit at occurrence yellow histogram bars (item 3 in the picture). When more aggressive trade can go out when you change the red to blue indicator (item 4). Aggressive traders can also use a small pullback for refilling existing trades (3 items in the picture).

ForexProfitBoost system

Forex Profit Boost system.

Forex Profit Boost – system is an effective combination of indicators to boost your profit making abilities in the market. This system is really good because of its simplicity, versatility, and credibility. The rules of this system are straightforward and easy to follow, and there’s no need for guesswork in this system. That makes this system very simple. The system is versatile as it works well with any timeframe from 1 Minute (M1) to the Daily (D1) timeframe. You can choose the timeframe you prefer and comfortable trading with. Also, you can trade it on any currency pair. You can decide on which currency pair to focus on.

The ForexProfitBoost system uses two indicators: Forex Profit Boost and MACD. Below is how the chart template looks like.

Trader Identifies A Buy Signal Using The Forex Profit Boost Indicator

Trader Confirms With MACD Indicator.

Package contain:

ForexProfitBoost-MANUAL (User-guide.PDF)

– Your personal license will cover one demo account and one “live” account.
– It will never expire and there are NO “monthly fees” or any other recurring charges for use

File type and requirements:

-This is a digital item! (Download link – zip file )
-You will Need: MetaTrader 4.0 platform.
– The files you’ll get is ZIP archive.

Forex Profit Boost Free Download

Forex Profit Boost is among the most the majority winningest dealing solutions truly assembled just by my own team, theTradeology Company. People lso are a grouping of people that’s wasted days gone by a decade’s dealing together with assessment precisely what will work together with precisely what doesn longer inside Forex Sector.

People deal a lot of money truly worth with real cash virtually on a daily basis together with work dealing competitive events that will pay a lot more than $100, 000 per annum. Experiencing a long time with dealing trials to help get with comes with offered people a whole lot of knowledge inside dealing solutions that will succeed together with get SUBSTANTIAL ProfitS for any people which have tried it.

To go out with, Forex Profit Boost is among the most the majority constantly Profitable solutions people ve TRULY produced.

Forex Profit Boost Pdf File Download

If you’re encountering this, in that case you are searching for increasing ones dealing gameplay and commencing a booming dealing occupation. You may wish to Profit even more together with succeed a smaller amount. And that is certainly precisely what Forex Profit Boost is going to do for your needs. You can certainly employ, yields Profit, that will have you ever gaining even more inside morning.

Even though my good friend hadn’t explained to undertake some sort of Forex Profit Boost assessment, I might get found the following with my own many other Forex dealing mates. It can be a vital product with today’s dealing environment. I might suggest reading the idea available for you, together with if you’re unhappy for it and don’t discover Profit improve, then you definately get sixty miles per hour days to weeks to go back the idea! Nevertheless, with my own encounter for it, that will won’t end up vital.

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How To Save On Forex Trading Commissions To Boost Your Profits

Forex trading commissions eat up a painful slice of our Forex profit pie. In this article, I’ll share with you a little-known way to save on commissions and a trading tip to cover back your transaction costs.

What Are FX Trading Commissions and How Do They Work?

In any business that you go into, you’ve got certain costs: Rental costs, marketing costs, administrative costs, etc.

In the trading business, commissions are the transaction costs. We pay it to the broker and that’s how the broker makes money.

How Do Brokers Charge Us for Their Services?

There are three kinds of brokers, but I divide them into two groups:

  1. Market Maker / STP Brokers

These brokers charge a mark-up on the market’s bid/ask spread —whatever the bid/ask spread is, they’ll quote you one or two pips higher.

For example, if the market is quoting at 1.2356, they’ll quote you at 1.2357. This one extra pip goes to the broker and that’s how they make money.

These brokers charge a fixed commission. The lowest commission I’ve seen is the one I’m using which is halifax.com.au. They charge $3.50 per lot. So for every one lot that I trade, they charge me $3.50 to buy and $3.50 to sell.

When you open and close a position (buy and sell), it’s known as a round trip. The total commission I pay per entry and exit per lot is $7.

Broker Differences: Spreads and Charges

Difference in Bid/Ask Spread

Let’s see what the bid/ask spread looks like for these two kinds of brokers.

In this example, on the right you can see the ECN broker’s spread on EURO/USD is 1.2444 / 1.2444. The bid and the ask prices are very close; less than one pip apart. The broker doesn’t mark up on the spread, so you can buy and sell at basically the same price.

On the left is a typical market maker broker. You can see the difference between the bid and ask prices; a spread of almost 4 to 5 pips. Rather than quote you the market price, these brokers mark you up by about 4 to 5 pips.

Difference in Charges

Imagine you want to go long on one lot of EUR/USD. You buy at 1.2434 and exit at 1.2454, making you 20 pips in profit:

20 pips x $10 x 1 lot = $200

But we have to factor in commissions. Let’s look at how much the two kinds of brokers will charge you.

    Market Maker / STP Brokers
    When you buy, they quote you 1.2435 (+1 pip), costing you $10 per lot.When you sell, they quote you 1.2453 (-1 pip), costing you $10 per lot.The total cost of your round trip is $20 per lot. Out of your $200 profit, $20 goes to the transaction costs, which is about 10% of your profits.

If they were to mark up by more than one pip, your cost would be even higher.

  • ECN Brokers
    When you buy, you buy at 1.2434 (no mark-up). They charge you a fixed commission ($3.50 in the case of my broker).When you sell, you sell at 1.2454. Again, you pay a fixed commission of $3.50.The total cost of your round trip is $7 per lot, out of your $200 profit.
  • This is why I prefer to use an ECN broker.

    Now, there are many traders out there who say, “I don’t like ECN because I have to pay a commission up-front.” But what they don’t see is that market markers and STP brokers cost more due to the wider spread.

    That said, I know that in some countries, you may not be able to get an ECN broker. If you have to use a market maker or STP broker, find one that puts on you a maximum mark-up of one to 1.5 pips.

    How Your Position Size Impacts the Commission You Pay

    Here’s another thing you need to know: How much commission you pay when you place a trade depends on the number of lots you trade or your position size.

    The bigger your position size, the bigger the number of lots you trade, and the higher the commission you pay for that trade.

    Now, what determines the number of lots you trade or your position size? It depends on how close your stop-loss is.

    If you’ve read my article on position sizing, you’ll remember this formula:

    Your stop-loss distance is the only thing you can really control on a trade-by-trade basis.

    The smaller your stop-loss distance, the bigger the number of lots you trade, and the more commission you pay.

    Examples

    Let’s look at how this plays out using a Forex position sizing calculator available online.

    In this example, your account size is $5,000 and you are risking 3% per trade. Say, you’re trading EUR/USD and your stop-loss is 8 pips away.

    Using the calculator, you know you’ll be trading 1.875 lots. So if you’re paying a commission of $7 per lot per round trip, that’s $7 x 1.875 lots = $13.13 commission.

    Now, what if in another trade, your stop-loss is 20 pips away?

    Using the calculator, the number of lots you’ll trade is now 0.75. So $7 x 0.75 lots = $5.25 commission.

    So you see, the tighter your stop-loss, the higher the commission you pay for a trade.

    Should You Always Go for Wide Stop-Losses Then?

    Now, you may be thinking, “If that’s the case, I’ll just put a wider stop-loss of 20 to 50 pips! Then I can pay less commission.”

    That’s okay if you’re a position or swing trader. You are in the trade for a few days or a few months, so your stop-loss is usually further, like 30, 100 or 200 pips away.

    When you’ve got such a wide stop-loss, the number of lots you trade would be less. So you worry less about transaction cost as it takes up a smaller percentage of your profit.

    But what if you’re a day trader like me?

    How to Deal with High Transaction Costs as a Forex Day Trader

    Remember that when you are a day trader, you are getting in and out really fast. You’d like to take a few trades in a day (for me, I take up to 3 trades in a day).

    When you take short-term day trades, your stop-loss has to be close so that your profit target can be reached fast.

    For example, if I put a trade where my stop-loss is 100 pips away and my profit target is 150 pips, it’ll take me days or even weeks to reach my profit target. Because of this, I can’t place that many trades.

    But if my stop-loss is 10 pips away and my profit target is 15 pips, I can take profit in about one or two hours. Thus, I can place more trades per day, which means I can make more pips per pip risked.

    “But wouldn’t I have to pay more commissions?” you ask.

    Yes, that’s true; when you place a tighter stop-loss, your cost of trading is higher. So let me share with you a little trick I use to cover these transaction costs.

    Covering Transaction Costs by Tweaking Your Profit Target

    In my Forex day trading strategy, I used to always aim for a profit target of 1.5R with a tight stop-loss of 8 to 10 pips.

    But to cover the higher transaction costs, I want to make a bit more profit to make the trade worthwhile.

    Recently, I found that targeting 1.6R is more profitable if my stop-loss is 8 to 9 pips away.

    • If my stop-loss is 8 pips, my profit target is 8 x 1.6 = 12.8 pips
    • If my stop-loss is 8 pips, my profit target is 9 x 1.6 = 14.4 pips

    But if my stop-loss is 10 pips or more, then I’ll stick to a 1.5R profit target, because the fixed commission as a percentage of my profit is much lower.

    Want to learn how I make consistent profits with my Forex day trading strategies? Check out my Forex trading course, Pip Fisher™.

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