ACADEMY OF FINANCIAL TRADING

Transcription

1 ACADEMY OF FINANCIAL TRADING NOTES [Ultimate Traders Programme - Order of Daily Operation]

2 Legal Any information or opinions provided by the Academy of Financial Trading is General Information Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material provided by the Academy of Financial Trading Education Limited or using the information you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by The Academy of Financial Trading Education Limited, it's employees, directors or fellow members. Futures, Contacts for Difference (CFDs), Options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in CFDs and leveraged forex markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material provided by the Academy of Financial Trading Education Limited. Students of the Academy of Financial Trading Education Limited are responsible for their own accounts, trading account and their own trades. The Academy of Financial Trading Education Limited is not responsible for any financial loss suffered by any student from leveraged Trading or any other financial investment. The Academy of Financial Trading Education Limited does not give investment advice and any opinions expressed or discussions that take place in the Academy cannot be deemed to be investment advice. Your financial trading account, trades carried out on your account and funds held in your account are a matter between you and your financial trading account provider. Any issues in these areas are between you and your trading platform provider and are not the responsibility of the Academy of Financial Trading Education Limited. The past performance of any trading system or methodology is not necessarily indicative of future results. In relation to our techniques and styles of trading, it is not our intention or belief that you will trade identically to us. You may use elements of our concepts that suit your psychological makeup. The most important thing here is for you to test everything shown thoroughly to see how these methods affect you mentally, emotionally and your lifestyle. If you do not test these techniques prior to live trading you will have quite a large shock as live trading is very different emotionally. Not to mention other factors such as slippage and human mistakes, neither of which are to be forgotten however it is the latter which is more common and dangerous usually.

3 Order of Daily Operation 1. Accept or close new open trades in line with the floating profit rules 2. Tighten ATR stop losses per the risk pyramid 3. Update Open Trades Stop Loss a. Stop loss crosses Break Even Point then: EWT Set SL to Opposite RED Indicator SMS Set SL to Opposite BLUE Indicator When only in SMS (no EWT), Set SL to Opposite RED indicator b. Opposite BLUE (EWT) line crosses Stop Loss: Set SL to Opposite BLUE Line Price c. Update the Stop Losses in the trade sizer 4. Close Trades a. Opposite Blue Line Touch: Exit EWT and/or SMS Trade b. Opposite Red Line Touch: Exit EWT Trade c. Earth shattering news like 9/11 d. Earning announcement or stock split due to take place the next day Equities 5. Update Closed Trades in Trade Sizer (reason for close) 6. Update account value with balance figure from platform into equity field in account value tab in Trade Sizer. 7. Update pending orders. a. Update if volatility and/or price changes b. Redo projected LTCT and adjust orders accordingly

4 Order of Daily Operation Accept or Close new trades Perform floating profit calculations Record these trades as open or closed in the trade sizer Update these trades in the MT4 platform Tighten stop losses on previous trades in the trade sizer Manage stop losses on open trades to Maximize profits Update any changes in the trade sizer Update account value in the trade sizer Record any closed trades in the sizer Update old pending orders for changes in volatility and/or price Look for new Entries and setup pending orders on valid trades Done

5 THANK YOU