FOREX PROFIT KEEPER SYSTEM

Overview of the Forex Profit Keeper System

The Forex Profit Keeper (FPK) is a manual trading strategy designed for the forex market. Created by Mark Ellis, this system is structured to be simple yet powerful, making it accessible even to those with no prior trading experience. The strategy has been tested extensively and is claimed to be profitable under various market conditions. It is based on robust trading methods like trend following and strategies for sideways markets.

Key Features:

  • Simplicity: Easy to use for both beginners and experienced traders.
  • Indicators: Utilizes three custom-made indicators.
  • Platform: Designed for the MetaTrader 4 platform.

Indicators:

  • FPK_Arrows: Based on exponential moving averages with non-repainting arrows.
  • FPK_MACD: An enhanced version of MACD with alerts.
  • FPK_FT: Based on MACD to track market conditions and help maximize pips without trades turning against the trader.

Installation Instructions

Indicators:

  1. Place in C:/Program Files/xxxxx/experts/indicators, where xxxxx is your MT4 directory.

Templates:

  1. Place in C:/Program Files/xxxxx/templates, where xxxxx is your MT4 directory.
  2. Restart MetaTrader 4 to apply changes.

Trading Rules

Buy Rules (Go Long):

  1. FPK_Arrow: Blue arrow pointing up.
  2. FPK_MACD: Above 0 line with the first blue dot after a yellow one.
  3. FPK_FT: Blue bar.

Sell Rules (Go Short):

  1. FPK_Arrow: White arrow pointing down.
  2. FPK_MACD: Below 0 line with the first white dot after a yellow one.
  3. FPK_FT: Red bar.

Enter a trade only if all indicators confirm the signal.

Exit Rules

  • General Rule: Exit the trade when indicators turn against your trade direction.
  • Trailing Stop: Can be applied; stop loss should be based on the previous low or high, depending on the timeframe.
  • FPK_FT Specific Rule: Exit on a yellow FPK_FT bar for maximum profit.

Risk Management

  • Leverage Caution: Be cautious with leveraged positions.
  • Risk Per Trade: Do not risk more than 2% of your initial capital per trade.

By adhering to these rules and guidelines, traders can effectively use the Forex Profit Keeper system to navigate the forex market profitably.

Download