FX Taurus Pro Indicator- Free Unlimited Version

July 13, 2020 6520 652

Welcome to the FX Taurus Pro System! With this manual, we’re
going to walk you through installing, configuring and trading with
FX Taurus Pro, and share some tips along the way. The FX Taurus Pro is an incredibly versatile system, allowing you
to take advantage of trend following, AND counter trend trades. The system works best when paired with your market knowledge
around support & resistance areas, higher time frame trends and
price action. FX Taurus Pro presents you with frequent trade opportunities,
and allows YOU the trader to make the best trading decisions with
the information at hand.

MT4 1090+ built installation guide


1.Open MT4 platform. Click: File/Open Data Folder.

2.Inside click: MQL4/Indicators – and paste indicator FX Taurus
Pro.ex4

3.Paste templates „FX Taurus Pro.tpl + Trade Manager.tpl and the
“FX Taurus Pro.tp”vlinto the templates folder

4.Paste expert „FX TAURUS PRO TRADE MANAGER.ex4“ to
experts folder. After finished restart you MT4 platform for changes to apply.

Setting up the charts

Enable Allow DLL import in Tools>Options>Expert Advisors
tab.

2. Now you can attach one of preferred templates!


1) Sell Zone between the red lines
2) Buy Zone between the green lines
3) Take Profit Level
4) Recommended Stop Loss & Lot Size for Sell Trade
5) Recommended Stop Loss & Lot Size for Buy Trade
6) Advanced Entry Trend Confirmation (Red)
7) Advanced Entry Trend Confirmation (Blue)
8) Overall Trend Conditions
9) Current Warning Conditions
10) Trade Manager


Buy Long Trade example:


We do this by looking at the buy and sell zone channels (Red and
Green parallel Line). In the example above, we can see that the channels are pointing
upwards, indicating a bullish market. This may on occasion be further confirmed in the top right of the
screen “LONG trades only”, or other related market messages. In this market we are only looking for long trades, and thus we
are waiting for price to enter our Buy Zone channel between the
2 green lines.

Once price is between the green lines, we confirm our entry
based off the current higher time frame trend, as well as being
aware of any support and resistance areas nearby, as well as the
impact of any applicable news.


If all is clear, we place our buy order, at the recommended lot
size, and set our Stop Loss as indicated on the chart. Entering as close as possible to the outer Green/Red line is
advisable, as this gives you the best possible risk:reward ratio. In terms of Take Profit, there are a number of different levels you
can use. Our recommendation, and the safest bet is to use the middle
channel line (salmon color) as your Take Profit. This is a conservative approach. For a more aggressive approach, you can set your Take Profit at
the opposite trade channel, so in this case you could set it at the
lower Red line.

If you like, you could also close half of your trade at the middle
(salmon) channel line, and the rest at the lower red line, or
simply set no Take Profit at all, and simply trail your Stop Loss.

Our trade continued upwards to the Take Profit level, and
resulted in a quick 70 pip profit.

Our risk:reward ratio for the trade was roughly 1:3.

Trading on a positive risk:reward ratio will most definitely give
you an edge as far as your money management is concerned.

Buy Trade example
When the system produces a buy signal (you will get an alert),
check if the buttom indicator is blue. If both agree, it is a valid
buy signal.

Sell Trades
Same applies to sell signals but opposite trade rules. Take a look
at the charts below:
Some more examples for better understanding


FX Taurus Pro Trade Manager
Let’s take a detailed look at the input option you have with the FX
Taurus Pro Trade manager.

Magic Number – This is a number that uniquely identifies trades
managed by the FX Taurus
Pro Trade Manager on this currency pair. The only time you would
want to change this number, is if you wanted to use 2 of the
same charts, but with different FX Taurus Pro Trade Manager
Settings. In this case, you would give each EA a different Magic
Number.

Order Comment – This is a comment that will be added to each of
the trades placed by the FX Taurus Pro Trade manager.

Lot Sizing Method – Here we have 3 options:
Risk % – This will calculate the lots for the trade based on a Risk
% specified in the “%
Risk Per Trade” setting. It is based on the Stop to Entry Distance
depending on the options you choose for “Stop Loss Mode”.
Fixed Lots – Here, each trade will be placed with a fixed amount
of lots specified in
the “Lots” setting. Use Indicator Lots – With this option, the EA will use the lots
recommended by the
FX Taurus Pro Indicator, as indicated on the chart itself.

Stop Loss Mode – Here we have 3 options:
No Stop Loss – Trades are placed without a Stop Loss. You will not get any upca”.es of any item yon purchased.

o Fixed Points – Stop Loss is placed a specified amount of Points
away from the Order Open Price, specified in “SL Points” Use Indicator SL – Here, the Stop Loss is placed as per the
recommended level on the chart according to the FX Taurus Pro
indicator.

Take Profit Mode – Here we have 3 options:
No Take Profit – Trades are placed without a Take Profit.

Fixed Points – Take Profit is placed a specified amount of Points
away from the
Order Open Price, specified in “TP Points”

o Use Indicator SL – Here, the Take Profit is placed as per the recommended level on
the chart according to the FX Taurus Pro indicator (Middle Line).

Profit Trailing – Here you can specify (true/false) whether the
Stop Loss should trail the Market Price according to specific
settings. If set to true, the Trailing Stop will activate once the
trade is in profit by “Trail Stop After X Point In Profits”, and it will
remain “Trail By X Points” behind current price.

Slippage – This is a safety mechanism, and specifies the
maximum amount of slippage you are willing to accept from the
broker. If the slippage for the current order exceeds this amount,
no trade will be placed.

The FX TAURUS PRO TRADE MANAGER place 5 buttons on the
chart which allow you to open and close various market orders,
according to the inputs you have specified in the Inputs tab of the
FX TAURUS PRO TRADE MANAGER.

Buy MKT-This will initiate a Buy Market Order at the current Ask
price, at a predefined amount of lots. It will also place the Stop
Loss and Take Profit levels if these are configured.

Sell MKT – This will initiate a Sell Market Order at the current Bid
price, at a predefined amount of lots. It will also place the Stop
Loss and Take Profit levels if these are configured.

CL BUYS – This will close ALL open Buy Trades on the current
chart associated with the Magic Number in the Inputs tab.

CL SELLS – This will close ALL open Sell Trades on the current
chart associated with the
Magic Number in the Inputs tab.

CL ALL – This will close ALL open trades on the current chart
associated with the Magic
Number in the Inputs tab. While trades are open, the FX TAURUS PRO TRADE MANAGER will
constantly monitor price levels and adjust the Stop Loss of trades
if the Profit Trailing option is enabled.

Please note that for the “Use Indicator SL” and “Use Indicator TP” options to work, the FX Taurus Pro indicator must be loaded on
the same chart.

Related posts

SilverFox EA is a fully automated Forex EA for MT4 Read more
The minimum deposit is $ 1000 when trading 0.1% per Read more
Contents1 Strategy Forex 15 Min Review2 Best Brokers List3 Strategy Forex 15 Min Read more
Laser Forex Reversal mt4 Indicator displays BUY SELL Arrow Signals Read more
Forex arbitrage is a risk-free trading strategy that allows retail forex traders to Read more
FX SCALPER X is a software that automates forex trading Read more
The FX Atom Pro is another forex indicator from Karl Read more
The most profitable Expert Advisor of 2020 Automate Your Forex Read more
FXCORE100 Indicator and Scanner is the 2020 best selling forex scanner Read more
Euro Scalper Pro EA is a profitable and fully automated Read more
Armageddon EA is a Forex robot that uses three strategies Read more
How It Works BUY or SELL when the indicator generates Read more
4 2 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x