Forex Profit Defender

The main idea behind Forex Profit Defender is the Trailing Stop functionality. What Trailing Stop means? - When a trade is in X pips profit to set a stop loss Y pips from the open price. This way even the price to reverse the trade will be closed with Y pips profit. The robot has 3 independent Trailing Stop algorithms. Any of these algorithms can be used. Most of the forex robots don't have Trailing Stop functionality. Forex Profit Defender will put additional security to the open trades. Even during manual trading the forex traders are not able to set Trailing Stop in such a good way.

When the Simple Trailing Stop is enabled in Forex Profit Defender settings the robot watches all open trades and when current profit of one of the trades is greater than X pips the robot sets Y pips trailing stop loss. The idea is to guarantee at list Y pips profit for the trade in case that the price reverses. When the price moves to the right direction and the current profit of the trade is rising up the robot will move the trailing stop with Z pips to guarantee even more pips profit for the trade. You can check the above image where we have tested the robot in real conditions. We have managed to make 280 PIPS profit trading manually for less than 2 days. More details about the avilable settings for Simple Trailing Stop you can find in the user guide of Forex Profit Defender.

Bollinger Bands forex indicator is one of the most popular indicators for trading. It is very good for trending markets. Forex Profit Defender use it for setting trailing stop when Bollinger Bands Trailing Stop is enabled in the robot's settings. The idea behind Bolling Bands Trailing Stop functionality is very simple. Bollinger Bands has three lines: Bollinger Upper Band, Bollinger Lower Band and Bollinger Middle Band. Bollinger Middle Band is a simple Moving Average. It is the base of the other two upper and lower bands. Bollinger Upper and Lower Bands measure the deviation. The upper one is the maximum positive deviation and the lower one is the maximum negative deviation from the middle band. Therefore, Bollinger Bands as an indicator is a great tool to show the markets volatility.

There are several of trading signals that are generated by how the price interacts with the bands. For example, when the price breaks through the upper band, it generates a buy signal. When it breaks below the lower band, it’s a sell signal.

How the Bollinger Bands Trailing Stop works? Lets say we have opened a buy position according to Bollinger Bands indicator (the price breaks through the upper band). The price continues rising with every new bar. When the middle line becomes greater or equal to position open price the robot will set a trailign stop equal to bands middle line value. The robot will move the trailing stop with every new bar because with every new bar the middle line of Bollinger Bands will also move (rise). When the price become equal or lower than middle line of Bollinger Bands indicator the trade will be closed on profit equal to the last trailing stop - which is equal to the higest value of the middle line of Bollinger Bands. It is similar for SELL positions.

You can check the above image where we have tested the robot in real conditions with Bollinger Bands Trailing Stop. We have managed to make 223 PIPS profit trading manually for less than 2 days. More details about the avilable settings for Bollinger Bands Trailing Stop you can find in the user guide of Forex Profit Defender.

The Parabolic SAR (Stop and Reverse) is a forex indicator that can help you to find potential reversal points in the market. When price is trending up, the Parabolic SAR dot is placed below price. When price is trending down, the Parabolic SAR dot is placed above price. At the close of a candle, the Parabolic SAR vaule is calculated for the next candle. This makes using the SAR dots good for a trailing stop.

How the Parabolic SAR Trailing Stop works? Lets say there is a reverse and the Parabolic SAR dot appear below of the price. This means that the price is trending up and we open a BUY position. With every new bar Parabolic SAR indicator also print a new dot. When the Parabolic SAR dot is equal or greater than trade open price the robot will set a trailing stop equal to Parabolic SAR dot value. The same way with every new Parabolic SAR dot the robot will continue to move the trailing stop. When there is a new reverse the Parabolic SAR dot changes its position the price also start falling down. But thanks to the trailing stop the position will be closed on a good profit equal to the Parabolic SAR last dot before the reverse to occur. It is similar for SELL positions.

You can check the above image where we have tested the robot in real conditions with Parabolic SAR Trailing Stop. We have managed to make 196 PIPS profit trading manually for less than 2 days. More details about the avilable settings for Parabolic SAR Trailing Stop you can find in the user guide of Forex Profit Defender.

Forex Profit Defender can generate trading signals and execute them automatically. The latest version of Forex Profit Defender is equiped with a signal system. The robot can alert BUY and SELL signals according to Bollinger Bands and Parabolic SAR indicators. The robot also can execute the signals automatically. This can be tune up precisely from the robot settings.

Thanks to its Trailing Stop system Forex Profit Defender can automatically manage all the trades opened by the signal system. This makes Forex Profit Defender a fully automated expert advisor.

Forex Profit Defender is a very flexible expert advisor. It can be configured very precisely and adapted to cover all the requirements of the forex traders. The signal system in combination with the trailing stop system makes Forex Profit Defender one of the best tools for trading on forex market.

The above image demostrates how Forex Profit Defender's Bollinger Bands Signals works. When the conditions are met the robot generates a signal. If the robot is configured to automatically to execute signals then the robot open a new trade. Thanks to its trailing stop functionality it automatically starts to manage the trade according to Bolling Bands Trailing algorithm. This makes very good combination and profit.

The above image demostrates how Forex Profit Defender's Parabolic SAR Signals works. According to Parabolic SAR forex indicator when all the conditions are met the robot generates a signal. If the robot is configured to automatically to execute signals then the robot open a new trade. Thanks to its trailing stop functionality it automatically starts to manage the trade according to Parabolic SAR Trailing algorithm. This makes very good combination and profit.

We have prepared some videos of Forex Profit Defender. We have tested each supported Trailing Stop algorithms. The below videos are demonstration of the power of Forex Profit Defender for manual trading. Please watch the videos and you will see how profitable could be Forex Profit Defender.

Forex Profit Defender can be used with any time frame and it can be attached to any available chart in MT4 terminal. The trader should set the correct time frame according to its manual trading strategy. If the trader wants to use the Signal System of the robot then it should manually adjust the signal system settings to adapt the robot to its favourite time-frame and chart. Just to remind one more time Forex Profit Defender is expert advisor (forex robot) which can be used for manual trading and to set a trailing stop to other forex robots trades (forex robots whcih don't have their own trailing stop functionality). It can be also used for generating signals and to automatically execute them.

Manual trading with Forex Profit Defender is very easy. There are two buttons BUY (blue) and SELL (red). When you click the BUY button the robot will open a long (buy) position. When you click the SELL button the robot will open a short (sell) position. There are several parameters in Forex Profit Defender settings where you can define/configure the manual trading parameters such as Take Profit, Stop Loss, Lots and so on...

Please check the image on the left...

The good thing is that all manually opened trades will be managed by Forex Profit Defender's automatically according to the settings. The robot will use one of the trailing stops to close the trades in good profit. This makes Forex Profit Defender very useful for manual trading because you don't need to wait in front of the MT4 terminal and manage your trades. The robot will do it automatically for you.

Thanks to Forex Profit Defender's Signal System it can be used for Automated Forex Trading. The robot can generate Signals according to best forex indicators Bollinger Bands and Parabolic SAR. The robot can also automatically execute these trades. All of these can be configured very precisely from the robot settings. The forex traders have the freedom to adapt the Forex Profit Defender Signal System to cover their needs and expectations.

Forex Profit Defender can follow the trades of other forex robots and set trailing stops to these trades. There are many forex robots on the market which don't have integrated Trailing Stop system. We all know how useful is to have a Trailing Stop system integrated in a forex strategy to protect the profits. Forex Profit Defender can help with this. It can follow up to 3 different magic numbers (up to 3 forex robots trades). There are special settings in Forex Profit Defender which can be used for this pyurpose. It is very easy and useful.

Forex Profit Defender can set Trailing Stop to your other manual trades too. If you prefer to open manual trades directly using the MT4 terminal New Order functionality you can still use the robot to manage these trades. All you want to do is to configure the robot to follow the magic number 0 (zero).