Verified Profit System Indicator MT4 – The Ultimate Trading Companion for Consistent Gains
The Verified Profit System Indicator MT4 is a powerful trading tool designed to help traders identify profitable opportunities in the forex market. With its advanced algorithm, the indicator provides clear signals on when to enter and exit trades, ensuring that even novice traders can take advantage of market trends.
In this article, we will explore the key features of the Verified Profit System Indicator MT4, including the recommended settings, minimum deposit, time frame, and currency pairs. We will also dive into how the indicator takes trades and why it’s an essential addition to your trading arsenal.
Key Features of Verified Profit System Indicator MT4
- Platform: MetaTrader 4 (MT4)
- Currency Pairs: Best suited for major pairs such as EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD.
- Time Frame: M15 to H1 for optimal performance.
- Minimum Deposit: $200
- Trading Strategy: Based on trend following and reversal patterns.
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- Download Link: Download from YoForex
How the Verified Profit System Indicator Works
The Verified Profit System Indicator MT4 is designed to simplify your trading process by analyzing the market and providing high-probability entry and exit points. The strategy behind the indicator focuses on trend-following and reversal patterns, ensuring traders capitalize on both trending markets and potential reversals.
Step-by-Step Process:
- Identifying the Trend:
- The indicator scans the market for prevailing trends using moving averages and price action analysis. When the price is in a clear upward or downward trend, the indicator will highlight potential areas for entries.
- Entry Signal:
- For a buy trade, the indicator will generate a signal when the price crosses above a key moving average, indicating an uptrend.
- For a sell trade, the signal is generated when the price falls below the moving average, signaling a downtrend.
- Visual Confirmation: The indicator uses arrows or color-coded signals on the chart to show traders where to enter the trade.
- Spotting Reversal Points:
- Apart from trend-following, the Verified Profit System Indicator is adept at detecting reversal points. These are moments when the price reaches an overbought or oversold condition, potentially signaling a reversal.
- Reversal Trade Setup:
- For a buy reversal, the indicator identifies when the price hits a support level and is ready to bounce back. An upward arrow appears, prompting the trader to enter a buy position.
- For a sell reversal, the indicator recognizes resistance levels where the price is likely to turn down, signaling a short position.
- Momentum Oscillators: The indicator also uses momentum oscillators like the RSI (Relative Strength Index) to filter false signals, ensuring that the reversal trade setups have a high probability of success.
- Trade Management – Stop Loss & Take Profit:
- The Verified Profit System Indicator provides guidelines for setting up Stop-Loss (SL) and Take-Profit (TP) levels, ensuring traders can manage risk effectively.
- Stop Loss:
- For buy trades, the SL is typically placed just below the last swing low or support level.
- For sell trades, the SL is placed above the recent swing high or resistance level.
- Take Profit:
- The TP is set based on predefined risk-reward ratios or at key support/resistance levels, ensuring the trader exits at an optimal profit level.
Recommended Settings for Optimal Performance
To get the best results from the Verified Profit System Indicator, it’s important to use the following recommended settings:
Parameter | Recommendation |
---|---|
Currency Pairs | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD |
Time Frame | M15 to H1 |
Minimum Deposit | $200 |
Risk Level | 1-3% of account balance per trade |
Stop-Loss Level | 20-50 pips, depending on market conditions |
Take-Profit Level | 1:2 or 1:3 risk-reward ratio |
Entry Signal | Buy or Sell when the indicator generates an arrow |
Trade Management | Use trailing stop to lock in profits during a strong trend |
Focus on the Trading Strategy
The Verified Profit System Indicator MT4 uses a combination of trend-following and reversal trading strategies to provide accurate trading signals. Here’s a breakdown of how the indicator’s strategy works:
1. Trend-Following Strategy:
- The indicator identifies the main direction of the market trend by analyzing price action, key support and resistance levels, and moving averages.
- Trade Execution:
- For a buy trade, the indicator looks for price action that breaks above resistance levels or moving averages.
- For a sell trade, the indicator focuses on price breaking below support levels or key moving averages.
- Confirmation: It ensures traders only enter positions when the market is trending, filtering out sideways or ranging markets.
2. Reversal Trading Strategy:
- The reversal trading component of the Verified Profit System Indicator focuses on identifying extreme price levels where the market is likely to reverse.
- Buy Setup:
- The indicator identifies oversold market conditions and highlights potential buy signals at support levels, expecting a reversal to the upside.
- Sell Setup:
- Similarly, the indicator spots overbought conditions, signaling a potential sell trade at resistance levels.
3. Price Action & Confirmation:
- Before placing any trades, the indicator analyzes candlestick patterns and momentum oscillators to confirm that the price is ready to make a move in the indicated direction.
- Risk Management: The indicator provides guidance on where to place your SL and TP based on recent market volatility and price action patterns.
Why Choose Verified Profit System Indicator MT4?
- Ease of Use: The indicator is designed for all types of traders, whether you are a beginner or an experienced trader.
- Accurate Signals: Its algorithm delivers highly accurate entry and exit points, reducing the guesswork involved in trading.
- Risk Management: The system provides clear guidelines for stop-loss and take-profit levels, helping you manage your risk effectively.
- Versatile: Suitable for various currency pairs and time frames, giving traders flexibility in choosing their trading style.
Conclusion
The Verified Profit System Indicator MT4 is a game-changing tool for forex traders looking for consistent profits. Its trend-following and reversal strategies, combined with advanced risk management features, make it a reliable indicator for both beginner and seasoned traders. Whether you are trading major currency pairs like EURUSD, GBPUSD, or commodities like XAUUSD, this indicator provides the edge needed to make smart trading decisions.
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