
### Vulkan Forex System for MT4
The system of filters consists of:
- Vulkan Profit - 100 Pips Trend - Nihilist_Ultra_ADX - TBL Colored MA - TMA with Distances
This trend reversal forex system is well-suited for trading on the M15 and H1 charts and can be adapted to all types of currency pair charts. Before implementing this strategy, it's essential to understand its various tools thoroughly. Once you have mastered them, be sure to follow the rules strictly.
This scalping strategy is primarily manual. While the Vulkan Profit indicator provides BUY/SELL arrow signals, you will need to filter them using the provided strategy or your own. Decisions regarding market entry, as well as setting protection stops or profitable exits, are at the discretion of the trader. Therefore, it is crucial for the trader to be familiar with risk and reward principles and to use initial support and resistance areas for setting entries and exits.
You can configure the Vulkan Indicator System to send signal alerts via mobile notifications, platform pop-ups, and email. This feature is beneficial as it allows you to monitor multiple charts simultaneously without needing to constantly watch them for signals.
The Vulkan Trading System is applicable to any Forex currency pair and can also be used for other assets such as commodities, cryptocurrencies, binary options, stock markets, indices, etc. It is versatile across various time frames, from 1-minute to 4-hour charts, but works best on M5 and H1 timeframes.
The Vulkan Profit Strategy provides trading signals that you can use as is, or you can apply additional chart analysis to filter the signals further, which is recommended. Although traders of all experience levels can use this system, it is advisable to practice trading on an MT4 demo account until you achieve consistency and confidence before going live.
### Trading Rules for This Forex System
- Follow money management principles and avoid trading during high-impact news periods. Exit your trades at least half an hour before such news is released. - To achieve good results, remember to practice proper money management. To become a profitable trader, you need to master discipline, emotions, and psychology. It's crucial to know not only when to trade but also when to refrain from trading. Avoid trading during unfavorable times and market conditions, such as low volume/volatility, outside major sessions, exotic currency pairs, and when spreads are wider.
### Buy Entry
- The Vulkan Profit indicator shows a green upward arrow. - Two blue buy arrows from the 100 Pips Trend Indicator and one ADX green/dodger blue bar, OR two ADX green/dodger blue bars and one blue buy arrow from the 100 Pips Trend Indicator. - Optional: The price touches or breaks the TMA lower band.
### Sell Entry
- The Vulkan Profit indicator shows a red downward arrow. - Two red sell arrows from the 100 Pips Trend Indicator and one ADX red/dark orange bar, OR two ADX red/dark orange bars and one red sell arrow from the 100 Pips Trend Indicator. - Optional: The price touches or breaks the TMA upper band.
### Trade Exit
Any position with this system can be closed using a fixed profit target. Alternatively, set the profit target using previous support or resistance as a reference point. Draw a line horizontally from the previous support/resistance to set your Take Profit a few pips below that level. You may also exit the trade manually if the system's conditions reverse (i.e., the Vulkan Profit opposite signal appears).
It is recommended to use a stop loss. Set the SL below the entry price using previous support/resistance as a reference point or based on the previous high/low swing. Using fixed stop loss settings without reference points is not advised.