Rapid Dollar System – free system by Toshko Raychev. System comes with TR Profit System (see here our review). This strategy is suitable for everyone, from beginners to experienced traders
Forex pair: any
Timeframes: 5-minute – daily.
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System has two exit strategies: the hard Take Profit target as well as trailing method, so everyone can choose what they are most comfortable with.
Rapid Dollar System consists of 2 MT4 indicators: RD Band and RD Lines
See vertical line through the signal candle.
On this example all the conditions for long (buy) entry were met as per the rules below:
1. The price must close above the white line of the RD Band indicator
2. Next (signal) candle must close above the green RD Line
3. If both conditions were met, place the entry order at at the close of the signal candle
4. Place the Stop Loss at the red RD Line of the signal candle
5. There are two choices for exiting the trade:
a. Place Take Profit at 1:1 ratio; or
b. Trail the Stop Loss on the red RD Line
See vertical line through the signal candle.
On this example all the conditions for short (sell) entry were met as per the rules below:
1. The price must close below the white line of the RD Band indicator
2. Next (signal) candle must close below the red RD Line
3. If both conditions were met, place the entry order at at the close of the signal candle
4. Place the Stop Loss at the green RD Line of the signal candle
5. There are two choices for exiting the trade:
a. Place Take Profit at 1:1 ratio; or
b. Trail the Stop Loss on the green RD Line
Don’t trade even if all the rules of the system are met, when:
1. Flat/sideways moving market
2. During high impact news (Economic Calendar) See calendar of Non-Farm Payroll, Rate decisions, Central Bank Conferences and other high impact news here>> )
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(21 votes, average: 3.76 out of 5)
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