GP Lauer Trading System
GP Lauer Trading System
Original website: https://www.ebay.com/itm/253238829335?hash=item3af635e117:g:cdkAAOSw-K9ZEIW4
Content: Indicators: GP-Lauer.ex4, GP_Diamond.ex4, Template: GP Lauer.tpl, How to install MT4 files.pdf
GP Lauer Trading System is a forex trading system. It is one of the easiest forex trading systems available ever. GP Lauer Trading System is invented on the concept of support and resistance. GP Lauer Trading System is very simple to use. Even the newbies won’t have any difficulties to trade with forex trading system. While it is a very useful tool for the beginner traders, it is also equally useful to the expert traders as this system generates powerful and very reliable trading signals. The system is very flexible in every aspects and it is very user-friendly. The system can be used to trade in any periods of timeframe and on any currency pairs. However, timeframes larger than the five minutes and currency pairs with lower spreads are always recommended.
GP Lauer Trading System consists of only two technical indicators used and those indicators are located on the main chart window. When the GP Lauer Trading System is correctly installed on your trading platform, your chart should look like this:
As you can see above, the chart looks very simple and the signals generated by the systems are easy to figure out. There two indicators that detect the reversal points (fractals).
- GP Lauer
GP Lauer is a custom developed technical indicator. It basically points out the fractals in the market. It shows literally all the peaks and bottom in the market.
- GP Diamond
GP Diamond is very similar to GP Lauer but it focuses only on the major peaks and points which have potentialities for good trading opportunities. Unlike GP Lauer, it does not show all the peaks and bottom in the charts, it highlights only the major moves instead. Visually, GP d
Diamond indicator is larger in size than the GP Lauer.
Now, we studied about the both indicators used in GP Lauer Trading System. Our main objective when using this forex trading system is to enter only in the signals generated by the GP Diamondindicator as it focuses only in the major market moves. If you are an aggressive trader, you can enter using GP Lauer as well.
Buying Conditions Using GP Lauer Trading System:
- GP Diamond indicator (Blue bars) should appear below the price chart.
- Place your open position as soon as above condition is met.
- Place your stop loss just below the recent swing low.
- Take your profit when GP Diamond indicator (Red Bars) appears above the price chart.
Selling Conditions Using GP Lauer Trading System:
- GP Diamond indicator (Red bars) should appear above the price chart.
- Place your short position as soon as above condition is met.
- Place your stop loss just above the recent swing high.
- Take your profit when GP Diamond indicator (Bluebars) appears below the price chart.