Forex Profit Machine

Forex trading is a popular way of generating fortune among individuals as it is versatile and achievable from home, but it can be challenging to be consistent. However, with the right strategy, traders can increase their risk-to-reward ratio in order to mitigate the potential risk. One such strategy is the Forex Profit Machine, a trend-following trading system that uses crossover signals and indicator filters to detect trading opportunities. In this article, we will discuss how the Forex Profit Machine works and how traders can apply it to their trading activities.

What is the Forex Profit Machine?

Forex Profit Machine is a trading system that uses trend-following techniques to identify potential trading opportunities. The system uses a combination of three indicators to filter trades and ensure high accuracy. These indicators are the APB Mod2, BOC2, and i-Gentor.

The APB Mod2 indicator appears as the main price bar on the chart window and signals the trend by changing its color. It turns yellow when the trend is bullish and red when the trend is bearish. The BOC2 indicator is used as a trend filter and produces crossover signals to indicate possible upcoming trends. It shows up/downward arrows around the price bars to indicate the crossover pattern. Traders do not need to detect crossovers; the indicator itself does that. The i-Gentor indicator is known as the trend strength meter. It turns green to signal bullish trend strength and red to indicate any bearish thrust existing at the current momentum.

The Forex Profit Machine can be applied to all Forex currency pairs available on the MT4 trading terminal and fits with all sorts of timeframe charts. This allows traders from scalpers to intraday traders to benefit from the system while trading in the market.


How to use the Forex Profit Machine?

To use the Forex Profit Machine, traders must wait for all three indicators to signal a trading opportunity. When all the conditions are met, traders can buy or sell depending on the trend indicated by the indicators. Here are the steps to follow:

Forex Profit Machine Strategy

Buy Signal

  • The APB Mod2 turns yellow.
  • The BOC2 plots the bullish crossover and an upward arrow below the price bar.
  • The i-Gentor turns green to support the possible bullish momentum.
  • Buy triggers after all of the above conditions are met.
  • Set stop-loss below the BOC2 arrow level.
  • Exit long/take profit when System ADB Mod2 turns red and closes inside DOC2 area.

Sell Signal

  • When the APB Mod2 changes its color to red, it indicates a bearish trend.
  • The BOC2 produces a bearish crossover signal and shows a downward arrow above the price bar to suggest a potential bearish trend.
  • The i-Gentor indicator turns red to confirm the existence of bearish momentum and support the potential bearish trend.
  • A sell trade is triggered when all of the above conditions are met.
  • Place the stop-loss above the BOC2 arrow level to limit potential losses.
  • To exit a short position or take profit, wait for the System ADB Mod2 to turn yellow and close inside the DOC2 area.

Forex Profit Machine Pros & Cons

Pros

  • Versatility: The system can be applied to all forex currency pairs available on the MT4 trading terminal and all sorts of timeframe charts, making it suitable for traders of all levels.
  • Backtest Results: The Forex Profit Machine has demonstrated good backtest results, making it attractive to trend-based traders, make sure to do your own research as the past result doesn’t guarantee future outcomes.

Cons

  • Lagging Indicators: The Forex Profit Machine uses lagging indicators, which means that traders may miss some opportunities to enter the market early.
  • Time-Consuming: The system requires traders to wait for all three indicators to signal a trading opportunity, which can be time-consuming and may lead to missed opportunities.
  • No Guarantee of Success: While the Forex Profit Machine is a reliable trading system, it does not guarantee success, and traders should always perform their own analysis and risk management before executing any trades.

Conclusion

The Forex Profit Machine is a trading system that can help traders identify trading opportunities in the forex market. Its use of three indicators makes it a good trend-following system, and its backtest results with maximum winning rates make it attractive to trend-based traders. Traders can apply the Forex Profit Machine to all forex currency pairs and all sorts of timeframe charts, making it a versatile trading system suitable for traders of all levels. However, traders should always perform their own analysis and risk management before executing any trades.

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