Extreme Forex Profits System

The extreme forex profits system uses extreme levels to buy and sell currencies. The system is composed of only one easy to read accurate trading indicator. Above the 70 level, we look to buy, below the 30 level, we look to sell. It’s a versatile system that can be used it for scalping, day trading and swing trading.

Chart Setup

Used MT4 indicators: 3c_Turbo_JRSX_wAppliedPrice.ex4(default settings)
Preferred time frame(s): 1 min charts and higher
Recommended trading sessions: scalping and day trading (London and New York), any session for swing trading (charts H1, H4, D1)
Currency pairs: any + gold + oil

Download

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Example: USD/JPY 15 Minute Chart

extreme-forex-profits-system

The 15 minute chart above is an example of the extreme forex profits system in action on the US Dollar/Japanese Yen currency pair. The first buy trade was stopped out for a small loss. All other buy and sell trades (last buy trade still open) ended up in the profits using the risk-to-reward 1:2 take profit rule.

Trading Rules

Buy trade:

  • Turbo JRSX indicator red

==> Open buy position. Place a protective stop-loss slightly below the most recent support price level.

Take profit methods:

  • Take profit at risk-to-reward 1:2 or higher.
  • Trail your stop-loss up below support and let the trade run.
  • Wait for a sell signal to close the buy trade.

Sell trade:

  • Turbo JRSX indicator green

==> Open sell position. Place a protective stop-loss slightly above the most recent resistance price level.

Take profit methods:

  • Take profit at risk-to-reward 1:2 or higher.
  • Trail your stop-loss down above resistance and let the trade run.
  • Wait for a buy signal to close the sell trade.

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