PRESENTS. The Target Entry Elevator Indicator. By Michael Nurok

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1 PRESENTS The Target Entry Elevator Indicator By Michael Nurok

2 RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this material are for general information and educational purposes only [contents shall also mean the website or or any website ( the sites ) the content is hosted on, and any correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a get rich scheme. Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on or on the sites. Past performance is not indicative of future results. By purchasing any content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read here with. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard. Alaziac Trading CC, in association with the sites, content, and its representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this course or any part of it. The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results. We reserve the right to change the set terms and conditions without notice. You can check for updates to this disclaimer at anytime by visiting Governing law: this policy and the use of this report / course / DVDs / ebook, provided in any form, and any content on the website are governed by the laws of the Republic of South Africa. Further details on this are found under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site.

3 3

4 INTRODUCTION I developed the Target Entry Elevator (TEE) Indicator so it could help with your advanced use of the Forex Precog trading system. The Target Entry Elevator indicator enables a trader to enter trades when price is not too close to the inception of a trend and not too far, but just right. When used correctly, the indicator filters out all the trades where price was at a level which was considered too risky to trade. It also alerts you to every valid Trend & Swing trade that occurs on any timeframe that you are trading so if you choose to trade manually, then the TEE is an excellent indicator to use. By using the Target Entry Elevator Indicator, you are alerted to every potential profitable trade and therefore, you are likely to see your profits build as you focus on the highest probability trades while filtering everything else out. As always, my hope is that you take this information with this invaluable trading resource and apply it to your Precog trading so it can positively contribute to your overall results. 4

5 THE TARGET ENTRY ELEVATOR How should you take Precog trades? Manually based on the template and core indicators? Or; Manually based on the template, core indicators and Target Entry Elevator indicator? Throughout this Precog journey, I have been adamant about the necessity for all members to take it slow and to learn the Precog system without any software to provide alerts of trading opportunities. Now, it is finally the right time to start to trade Precog with the aid of the TEE alerts. 5

6 TRADING WITH THE TRADE ENTRY ELEVATOR What is the Target Entry Elevator? It is the indicator that; (1) Provides popup alerts within your Metatrader platform for all valid Trend Trades and Swing Trades (2) Displays Up or Down arrows on your chart for all valid trades (3) Displays the Too Far and Too Close filters on new Trend Trades Because you should now be familiar with the Forex Precog system and you have hopefully also gained real trading experience with using the system, you can enjoy the best of both words the opportunity to take trades even when you re a little late on the signal bar, as well as the opportunity to closely and accurately monitor all pairs on whatever timeframe you are trading, so you can take advantage of market setups as they occur. The Target Entry Elevator will only display alerts and on-chart arrows on the 1st bar after both the Ribbon and Predictor have changed colours. If not all indicators are valid on that bar, it will not alert for a trade setup, even if the very next bar generates a scenario where all indicators are valid. If this is the case, you are still free to choose to take the trade but the TEE will not alert you again until the next opportunity occurs on the pair and timeframe it is installed on. 6

7 TRADE SETUP POPUP ALERT When a valid Trend Trade or Swing Trade occurs, you will get a popup alert on your Metatrader platform. The following is an example of the popup alert. At the top of the alert, you will see; The name of the indicator creating the alert; the TargetEntryElevator The pair; in this case, the EURJPY The timeframe; in this case, the M15 (15 minute) The date and time of the alert The direction of the trade; SELL or BUY What type of signal; Trend or Swing The price where the alert occurred 7

8 Within the alert scrollable window, you will see the history of all alerts that have previously been generated. You will be able to scroll through these signals if you desire to look at trades historically and it s also a nice way of assessing market opportunities when multiple signals occur simultaneously or within a close time to each other, particularly if you have been away from your computer for a while. 8

9 BUY/SELL DISPLAY ARROWS will display buy and sell arrows, based on your specific criteria, directly on the chart for all valid setups, as the following screenshot shows. You can display Trend Trades or Swing Trades or both, and you can display them based on particular settings you use in the Inputs section of the indicator. The arrows become a great educational tool as you can see historically where signals occurred and how the price went if you had taken the trade. 9

10 TOO FAR & TOO CLOSE ENTRY DISPLAY will display the Too Far and Too Close variables based on the inception of the trend. The following screenshot shows 2 yellow horizontal lines that clearly highlights the sweet spot for taking Trend Trades. The Too Close variable is the line closest to the Ribbon. The Too Far variable is the line furthest from the Ribbon. You can adjust these lines in the Inputs section of the indicator. 10

11 INDICATOR SETTINGS You can adjust all settings of the indicator. Either; (a) right-click anywhere on the chart and click Indicators List, or (b) press Control I You will get this window popup on your chart. Once this popup appears, either; (a) highlight TargetEntryElevator & click Edit, or (b) double click on TargetEntryElevator The TargetEntryElevator Indicator will appear Click on the Inputs tab. Under Authentication Settings; enter your in the field and enter your Clickbank Receipt number in the ClickBankReceipt field. Note: please use the you used when ordering. If you do not have a Clickbank Receipt number, contact support on support@forexprecog.com 11

12 The first sections in the Inputs tab after the authentication, are Trend Settings and Trading Style. Leave Trade Trends as the default true. If you want the popup alerts, leave AlertTrends on true otherwise change it to false. Adjust the field TooFarFromRibbon to the number of pips from the Ribbon you want the trade to be considered as a valid setup. If the price falls beyond this value, the trade setup will not be alerted. For example, if you enter 20; the trade will only be considered valid and alert you if the price is no further than 20 pips from the point of the Ribbon twist. Naturally, the bigger the timeframe, the higher the value should be, and conversely, the smaller the timeframe, the smaller the value should be. That is; 20 pips may be reasonable for the 5M or 15M but not possibly big enough for a 1 hour or 4 hour chart. If you want to keep your options open, set it to a big pip value like 100 or 150. As well, you should consider the pair being traded, as for example, 20 pips may be reasonable for a EURUSD 15M chart but not enough for a Yen cross like the EURJPY or a cross like the EURAUD. 12

13 Adjust the field TooCloseToRibbon to the number of pips from the Ribbon that the price must at least be, to be considered as a valid setup. As the Precog rules state, it must be at least equal to the Ribbon (ie; 0.0) however you may want to force the trade setup to only be considered if it is at least 1 pip or 2 pips or 5 pips away from the Ribbon. If the price falls closer to the Ribbon than this value, the trade setup will not be alerted. For example, if you enter 5; the trade will only be considered valid and alert you if the price is at least 5 pips away from the Ribbon. If you want to keep your options open, then leave the value as 0.0 or 1.0 to catch as many setup alerts as possible. You can choose to display the Too Far & Too Close variables by leaving the settings as true or you can individually disable the display of these variables by changing the fields to false. You can choose the colour to display these indicators on your chart as you wish. In the Trading Style section, leave the ConservativeTrading field as true if you only want to be alerted of conservative style trade setups. If you want to get alerts for aggressive style trades, that also include all conservative style trade setups, change the ConservativeTrading field to false. 13

14 The following displays the next section which is the Higher Time Frame settings. You can leave these settings as the defaults however if you want to change the Higher Time Frames, you can adjust the HigherTF1, HigherTF2 and HigherTF3 fields to any of the timeframes as long as the shortest timeframe is placed in #1 and they are listed from shortest to longest. You should also change the values on the ForexPrecogHTF indicator to the same values if you choose to change the HTF values. The values to use in the fields are; M15 (15 minute) M30 (30 minute) H1 (1 hour) H4 (4 hour) D1 (daily) W1 (weekly) M (monthly) 14

15 You can also adjust the values in the fields; PipRequirementHTF1, PipRequirementHTF2 and PipRequirementHTF3 if you want to be more certain of a trend being in place. The bigger the number (pip value), the more in trend the higher timeframe is. However, I would not suggest changing this much. You can increase the D1 value from 3 to 5 or even 10. You can increase the W1 value from 5 to 10, 15 or even 20. If you use the monthly Higher Time Frame, then I suggest at least 10 for the value but you could increase that to 15, 20 or even 30. These values are specific to the trend in each time frame and if the price falls within these values, you will notice the blue bidirectional arrows being displayed for the trend on that specific time frame. If you re not sure, leave the values as they are, as these are the defaults I typically use. Following is a screenshot of the next sections that are the Swing Settings, Sunday Trading and Display Arrows sections. 15

16 If you want to be alerted of Swing Trades, leave the TradeSwingWithinTrend field as true, otherwise change it to false. The MinSwingBarsSWT denotes how many preceding MACD histogram bars need to be contrary to the signal bar colour. Leave it as the default 2 unless you want to reduce it to 1 or increase it to however many histogram bars you want to see before a Swing Trade is alerted. The MoveTooBigPipsSWT field represents the size (from open to close) of the swing bar on the chart. If you want no maximum cap, then leave it as the default 0 however if you don t want to be alerted to Swing Trades that are over a certain pip size, then change the field to this value. For example, if you don t want to consider Swing Trades where the Swing Trade bar is over 50 pips, then change the field to 50 and so on. Leave the AlertSwingWithinTrend field to true unless you don t want Swing Trades to alert you, in which case, you should change it to false. Leave the TradeSunday field as false if you don t want alerts on Sunday however if you do want alerts on Sunday, change the TradeSunday field to true. In the Display Arrows section, leave the fields ShowBuys and ShowSells as true if you want to see all arrows. If you only want to see Buy arrows, then change ShowSells to false. Conversely, if you only want to see Sell arrows, then change ShowBuys to false. This is handy if you are only interested in going buying a pair, or conversely, if you are only interested in selling a pair. 16

17 Finally, the last section is General Settings, as follows. If you want to disable all alerts, change the DisableAllAlerts field to true. You should consider doing this if you are also running the ESP software on the same chart and have the ESP alerts activated. The MaxBars field displays all the arrows historically. Leave it as the default 500 which will display all the buy/sell arrows over the last 500 bars of the chart on the timeframe you are using. However, if you find your computer running too slow, you can decrease this to 250 or even 100. Conversely, if you want to show more historical setups, then change it to 750 or 1000 or higher. If you want to view all arrows, then change it to 0 however this can significantly slow down processing when loading your platform or changing timeframes. If you find your platform becoming sluggish, change the value back to the default 500 or lower. 17

18 CONCLUSION As a manual system with no alerts, Forex Precog can generate very good results, however if you want to be alerted of trade setups on multiple charts, the Target Entry Elevator Indicator is an excellent resource that can significantly help the monitoring of opportunities in real time so you can take advantage of market opportunities as they occur. Just remember that having these alerts in real time can provide you with many more trade setups than you would probably normally consider so be careful of not overtrading and stick to the principles you have learned during your Forex Precog training. All software will be updated as required so if there is something you would like to see in new versions of the Target Entry Elevator, or if there are any issues you think you have discovered, please let me know by posting your results in the forum and we ll do our best to incorporate new features and resolve any issues as quickly as possible. I look forward to continuing to see you generate positive results with the Precog system. Good trading & live well, 18

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