Forex Trading Systems

New Science Of Trading – Rapid Trade Finder

Introduction Of this System

Although Rapid Trade Finder is an indicator, it is actually a system as well. It performs extremely well and has a built-in functionality of alerting you when the perfect setup occurs, by placing the arrow on the chart to pinpoint the exact location of the entry.
It is very versatile as it can be used on all timeframes and currency pairs, therefore you can use it on the pairs and timeframes you are most comfortable with.
It is very reliable and robust, so the number of false signals is at an absolute minimum.
I tried to design it as user-friendly as possible. The rules are simple and straight-forward, so you can start using it immediately after reading the manual.

 

How To Install

The installation of Rapid Trade Finder is actually very easy since it comes with an auto installer which will take care of everything for you.

After you downloaded RapidTradeFinder.zip, if you have Windows 7 or higher, you can either right click on the file and choose “Extract” or simply double-click to open it. If you have a Windows version prior to Windows 7, you’ll have to download a free tool for extracting zip files, like WinRar. You can try it here: http://www.rarlab.com/

After you’ve opened (or extracted) the downloaded archive, simply double-click on the RapidTradeFinder.exe file inside to start the autoinstallation process.

If you get a security warning, click “Run”. If you get a User Account warning, click “Yes”.

First, you’ll be prompted with the main installation window, where you can simply click “Next”.

Next step is to select the MT4 folders in which you wish to install the software. If your broker/platform is installed, but not showing up, you can use the “Add a MetaTrader folder” button to manually select the folder where your platform is installed. After that hit the “Next” button.

For the next three steps, you can just click “Next” and the indicator will be installed for you.

Simply click “Finish” and you’re done.

If you open your MetaTrader4 platform and open the Navigator window (View -> Navigator or CRTL + N), you should see Rapid Trade Finder there.

After applying the RapidTradeFinder indicator on your chart, right click on the chart, then on Properties, then Common tab and tick on Chart on the foreground in order for the price to be above the indicator.

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APPLYING THE TEMPLATE

After the autoinstallation process is done, you’ll notice that

RapidTradeFinder template is also installed on your MT4 platform.

You can apply it by going to Chart -> Template -> RapidTradeFinder or by using the Template button on your toolbar. If you’re using the template, there’s no need to go to Properties and tick Chart in the foreground, since that’s already done for you.

Rules

Here are the rules for buy/long trades:

LONG ENTRY RULES:

  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 the 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.

Here are the rules for sell/short trades:

 

SHORT ENTRY RULES:

  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 the 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.

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Example Trades

LONG/BUY Example

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

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At point 1, the cloud is colored blue.

At point 2, the 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)

 

SHORT/SELL Example

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

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At point 1, the cloud is colored red.

At point 2, the 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-Loss was 100 pips, therefore Take Profit was 100 pips also).

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