Is this Forex strategy profitable? Yes. This strategy is profitable. But you should follow simple steps. Please enter the trade when all signals are agreed on in one direction. You can use this template for all currency pairs, stocks, crypto…etc. Any time frames are accepted for this template. However, practice on the Demo account before enters to the live account.
Install Template setup
Open Meta trader platform> Go File>Open Data folder>Open MQL4>Open Indicators>Insert all ex4.files to Indicator folder>Open template folder >Insert tpl.files to template folder>Restart meta trader platform or refresh navigator>Open a chart>Insert 1-2-3 FX Sytem V2.1.tpl to chart.
1.Upper Green arrow
2.Upper Yellow arrow
3.Upper orange arrow
4.Colour Blue Support line
When all arrows appear for the upper direction enter the Buy trade. At that time support line should appear bottom of the price. You can exit with opposite signals or target profit pips. Place stop loss for lower low level.
1.Red arrow for lower direction
2.Yellow arrow for lower direction
3.Orange arrow for lower direction
4.Colour Red Resistance line line
When all arrows appear for the lower direction enter the Sell trade. At that time Resistance line should appear above the price. You can exit with opposite signals or target profit pips. Place stop loss for the higher high level.