Forex Profit Boost or hurricane profit

Simple trading systems, as we know, are not necessarily unprofitable. Today we look at Forex Profit Boost - a simple indicator, which in itself almost an entire trading system. This indicator is a hybrid consisting of two classical indicators: Bollinger Bands and Moving Averages. Forex Profit Boost are not repainted, easy to use and configure.

Characteristics of Forex Profit Boost
Platform: Metatrader4
Currency pairs: Trend currency pairs
Trading Time: Depends on the tactics of trade
Timeframe: Any (recommended H4 and higher)
Recommended broker: RoboForex, InstaForex, Forex4you
Settings of Forex Profit Boost indicator
forex-profit-boost-settings

MAPeriod - period moving average

MAMethod - averaging method moving average:
0 - Simple averaging
1 - Exponential averaging
2 - Smoothed averaging
3 - Linear Weighted averaging

BBPeriod - period of indicator Bollinger Bands

BBDeviation - the number of standard deviations from the zero line

BBShift - shift of indicator relative to the price graph

Application of the Forex Profit Boost indicator
As I said, the indicator consists of several classic indicators, Bollinger Bands and two Moving Averages. Forex Profit Boost indicator is a trend, respectively, he gives the best results when working in trending markets, in a quiet market will give a lot of false alarms (ie, the required filter). The indicator shows the availability and strength of the trend of the currency pair. For signals of all three colors are used - the default is yellow, blue and red. As you probably guessed, the red color indicates the presence of the bearish trend, blue is said that in the market is currently ruled by the bulls. Yellow indicates a weakening of the current trend, the possible change of trend, or the beginning of a rollback to the flat area. The more of yellow color, the more likely a change of trend.

In my view, work with Forex Profit Boost indicator will be more effective in older periods of four-hour graf and higher, although the authors claim that it will work well on all periods. For less than four hours of indicator gives a lot of false alarms, though perhaps they can be reduced competent selection of parameters for a specific period of, and additional filtering of trades.

Forex Profit Boost includes several classical indicators: Bollinger Bands and two Moving Averages - one of which is configured in the settings, the second MA is a simple moving average, plotted on the closing prices of period averaging 21. When finding a custom moving average above MA21 indicator will painted in blue, when the lower - in red. Thus, determines the presence and direction of the trend. Than the moving average is closer to the borders of Bollinger, the less of yellow color, the stronger the trend.