Overview:

• The strategy is designed for use with MetaTrader 4
• It uses multiple custom indicators (PROFX01-PROFX08)
• Recommended timeframe is 30-minute charts, starting with GBPUSD
• Trading time is typically 0630-2100 (European and US sessions)
• Emphasizes having a trading plan, money management, and discipline

Key Buy/Sell Rules:

1. Basic Entry Rules:

• All indicators must point in the same direction
• Trade only during the specified trading time (European-USA session)
• Check the main trend on the 4-hour chart and trade with it
• Avoid trading before major economic news releases
• Don't trade during holiday sessions

2. Stop Loss Rules:

• Place stop loss near the last important support/resistance level (25-70 pips)
• Always place the stop with the initial order
• Never use a stop greater than 100 pips

3. Exit Rules:

• Take profit at 100 pips for GBP/USD
• Exit when the signal changes
• Exit when strong news is about to be released
• Exit at the end of the US session

4. Advanced Entry Rules:

• Can enter earlier if oscillator is heading down, momentum is strong, and other indicators confirm
• Avoid entries during tight ranges
• Use trend corrections for counter-trend trades (for advanced traders)

5. Risk Management:

• Don't risk more than 5% per trade
• Limit to a maximum of 3 open positions at one time

The strategy emphasizes patience, discipline, and proper risk management. It recommends practicing on a demo account for 1-4 weeks before live trading.