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Indicators: ©Arrow Bands.ex4, ©Bar Bands.ex4, ©Bid Ask.ex4, ©Candle Shadow.ex4, ©Clock.ex4, ©Dayz.ex4, ©EE-Laguerre.ex4, ©Fibo Level.ex4, ©Pips Meter.ex4, ©Price Border.ex4, ©Spread.ex4,  ©Super Trend.ex4, ©Trend Vol.ex4 (Unlocked MT4 Build 1422+), Template: DPL-v2.tpl, Sounds: alert.wav, connect.wav, disconnect.wav, NO MANUAL.

The DPL V2 Raper system appears to be a solid trend-following strategy, with multiple indicators working together to provide clear entry and exit signals. Here’s a breakdown of the system’s key components and how to effectively use it:

Key Features and Indicators:

1. Candle Shadow: This custom-built chart works similarly to Heiken Ashi, smoothing out price action. It helps to identify the overall trend, allowing traders to make more informed decisions by reducing market noise.

2. Price Border: This indicator plots potential support and resistance levels:

   • Above price: Indicates potential resistance and reversal zones.

   • Below price: Indicates potential support and reversal zones.

3. Laguerre-ACS: This is a momentum indicator similar to RSI, but with a few key differences. It helps to determine overbought and oversold conditions:

   • Above 0.85: Overbought (possible sell signal).

   • Below 0.15: Oversold (possible buy signal).

4. Super Trend: A histogram that shows market momentum:

   • White bars: Indicates an uptrend.

   • Red bars: Indicates a downtrend.

5. Bar Bands: This indicator works as a filter, confirming the direction of the market:

   • White bars: Confirming an upward trend.

   • Red bars: Confirming a downward trend.

Entry Conditions:

Buy Conditions:

1. Market Price: Should be above the Candle Shadow and start forming white bars.

2. Laguerre-ACS: Should be below the 0.15 level (indicating an oversold condition).

3. Price Border: Should be in the support zone (below the price).

4. Super Trend: Should be white (indicating an uptrend).

5. Bar Bands: Should be white (confirming the uptrend).

6. Stop Loss: Place your stop just below the recent swing low.

7. Profit Taking: Close the trade when Super Trend and Bar Bands turn red.

Sell Conditions:

1. Market Price: Should be below the Candle Shadow and start forming black bars.

2. Laguerre-ACS: Should be above 0.85 (indicating an overbought condition).

3. Price Border: Should be in the resistance zone (above the price).

4. Super Trend: Should be red (indicating a downtrend).

5. Bar Bands: Should be red (confirming the downtrend).

6. Stop Loss: Place your stop just above the recent swing high.

7. Profit Taking: Close the trade when Super Trend and Bar Bands turn white.

System Advantages:

• Easy to Use: With basic knowledge of Forex trading, traders can apply this system effectively.

• No Complicated Indicators: The system uses a combination of simple but effective indicators, making it easy to understand and follow.

• Clear Conditions: The buy and sell conditions are clearly defined, reducing the risk of emotional decision-making.

• Trend Following: By using trend-following indicators like the Super Trend and Laguerre-ACS, the system aims to capitalize on longer-lasting price moves.

Important Considerations:

• Discipline: As emphasized, self-discipline is crucial. Even the best systems will fail if they are not followed with consistency.

• Risk Management: Always use stop loss and adjust it according to recent price action to protect your capital.

• Backtest and Demo Trade: Before applying the system to live trading, test it thoroughly on a demo account to understand its behavior and performance in different market conditions.

• Timeframe Flexibility: While it works on any timeframe, testing it on different timeframes (like M15 or H1) can help identify the most effective settings for your trading style.