Rapid Trade Finder

Rapid Trade Finder is a trend following strategy based on an indicator, it is actually a system as well.The system has good performance, and is based on a customized indicator that identifies the best inputs to trade on the chart. Therefore, the Trading System is reliable.

Time Frame 5 min or higher.

Currency pairs: higher lower commodities and stock market indices.

Here are the rules for buy/long trades:

Trading rules Rapid Trade Finder

Buy

Condition primarly: The first arrow is not traded but when:

1. Cloud is colored Blue showing an uptrend going on at the moment.

2. Price falls towards the blue cloud and touches/penetrates it, or better closes in it.

3. Long entry is opened when white arrow appears.

4. Stop Loss goes a few pips below the entry white arrow.

5. Take Profit is set to 1 or 2 times the Stop Loss amount.

6. Or the Stop Loss can be trailed behind the lower cloud band until it is hit.

Trading rules Rapid Trade Finder

Sell

Condition primarly: The first arrow is not traded but when:

1. Cloud is colored Red showing a downtrend going on at the moment.

2. Price climbs towards the red cloud and touches/penetrates it or better closes in it.

3. Short entry is opened when yellow arrow appears.

4. Stop Loss goes a few pips above the yellow entry arrow.

5. Take Profit is set to 1 or 2 times the Stop Loss amount.

6. Or the Stop Loss can be trailed behind the upper cloud band until it is hit.

BUY Example

This is a trade taken on the USD/CAD currency pair, M15 timeframe.

At point 1, the cloud is colored blue.

At point 2, price fell into the cloud and closed inside of it.

At point 3, as soon as the candle opened and signal arrow appeared, a

long trade was taken.

At point 4, Stop Loss was placed a few pips below the signal arrow.

At point 5, Take Profit was placed. This system uses 1:1 or 2:1 risk to reward ratio and in this example 2:1 ratio was used, which means Take Profit is two times larger than the Stop Loss (Stop Loss was 8 pips, and Take Profit was 16 pips then).

SELL Example

This is a trade take on the GBP/USD currency pair, H1 timeframe.

At point 1, the cloud is colored red.

At point 2, price climbed up into the cloud and closed inside of it.

At point 3, as soon as the candle opened and signal arrow appeared, a short trade was taken.

At point 4, Stop Loss was placed a few pips above the signal arrow.

At point 5, Take Profit was placed. This system uses 1:1 or 2:1 risk to reward ratio and in this example 1:1 ratio was used, which means Take Profit is at the same distance from Entry Point as the Stop Loss (Stop Losswas 100 pips, therefore Take Profit was 100 pips also).

Download Rapid Trade Finder indicator.