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2 All rights reserved. Except for brief quotations in a review of this publication, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means including electronic, mechanical, photocopy, recording, scanning or otherwise without the prior written permission of the author. Disclaimer and Risk Warning : Trading any financial market involves risk. This e-book and the website and its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this e-book are for general informational purposes only (contents also mean the website and any correspondence or newsletters related to the website). Although every attempt has been made to assure accuracy, we do not give any expressed 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 loses similar to those discussed in this e-book. Past performance is not indicative of future results. By purchasing the e-book, subscribing to our mailing list or using the website you will be deemed to have accepted these terms in full. The author, the website, the e-book, and its representatives do not and cannot give investment advice or invite customers to engage in investments through this e-book. We do our best to insure that the website is available 24 hours per day but we cannot be held liable if for any reason the site is not available. The information provided on this ebook 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. 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 in spite of the trading losses are material points, which 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 these terms and conditions without notice. You can check for updates to this disclaimer at any time without notification. The content of and this ebook are copyrighted and may not be copied or reproduced.
3 Components of the System Fx Pro server ProbMeter indicator Pivot Multi Timeframe indicator : red for resistance and blue for support ADX indicator : period Preparation - Install Fx Pro Meta Trader 4 first (included in your package). Open a demo account. This Fx Pro server has a better reaction to market condition, believe us. - Now, copy and paste the package folder (experts, indicators, profiles & templates) to your Fx Pro Meta Trader 4 installation directory. - Then, open your Fx Pro Meta Trader 4 program. - Click the Profiles button and choose Trend Eater for EURUSD or Trend Eater for GBP/USD'. Set the time frame to M15. - Or just open a new chart (EUR/USD or GBP/USD) and set it to M15, then load the Trend Eater for EUSUSD or Trend Eater for GBPUSD template. If you do all the steps above correctly, you will get this picture :
4 2. Entry Signal Buy (Go Long) : - First, wait until ProbMeter says Probability STRONG UP Trend - like this - Once it is occured, you must check these conditions : a. NO U.S. BIG NEWS today (Non Farm Payroll, FOMC Meeting, Bernanke s testimony, etc). NO EURO ZONE important news in the next ½ hours ahead, if you trade EUR/USD. NO UK important news ½ hours in the next ½ hours ahead, if you trade GBP/USD. You can visit Forex Factory to check wether a news is critical or not. b. Range between the price (when an UP Trend Alert is occurred) must be at least 20 pips away from the NEXT Resistance. c. ADX (when an UP Trend Alert is occurred) must rise BETWEEN level.
5 - After all conditions have been fullfilled, just click BUY for your chosen currency pair. - Here is the COMPLETE chart for Buying Condition : Sell (Go Short) : - First, wait until ProbMeter says Probability STRONG DOWN Trend - like this - Once it is occured, you must check these conditions : a. NO U.S. BIG NEWS today (Non Farm Payroll, FOMC Meeting, Bernanke s testimony, etc). NO EURO ZONE important news ½ hours ahead, if you trade EUR/USD. NO UK important news ½ hours ahead, if you trade GBP/USD. You can visit Forex Factory to check wether a news is critical or not.
6 b. Range between the price (when an DOWN Trend Alert is occurred) must be at least 20 pips away from the NEXT Support. c. ADX (when an DOWN Trend Alert is occurred) must rise BETWEEN level. - After all conditions have been fullfilled, just click SELL for your chosen currency pair. - Here is the COMPLETE chart for Selling Condition :
7 3. Stop Loss & Take Profit For Buying Condition : Set Stop Loss 30 pips (for EURUSD) from your Entry price. Set Stop Loss 50 pips (for GBPUSD) from your Entry price. Set Take Profit at 5 pips away from the nearest Resistance level. Don t use Trailing Stop to get the maximum gains. Don t update your Take Profit even the trading session day has changed.
8 For Selling Condition : Set Stop Loss 30 pips (for EURUSD) from your Entry price. Set Stop Loss 50 pips (for GBPUSD) from your Entry price. Set Take Profit at 5 pips away from the nearest Support level. Don t use Trailing Stop to get the maximum gains. Don t update your Take Profit even the trading session day has changed. 4. Now, What? Once you have enter a trade, what you have to do are : - leave it alone until either of your Stop Loss or Take Profit levels are executed Happy trading hopefully my original trading system will help your live trading. Best regards, vans
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