The FX-Agency Advisor III User Manual Brought to you by... System Requirements: For use of The FX-Agency Advisor III you will need a few things which you most likely already have or can get very easily. The first one is an internet connection and second one is Metatrader 4, which can be downloaded free by almost all brokers today. Mindset Requirements: Before trading any forex system, you must make sure that you stick to the plan of the strategies and not get emotional. If you get lazy, careless and greedy, you can do harm to your trading business. Adding The FX-Agency Advisor III to a Metatrader chart: After you have gone through the installation, you must restart Metatrader. Next, scroll up to Insert > Indicators > Custom and add The FX-Agency Advisor III to the chart. You can also use the navigation panel in Metatrader to add it to the chart. When you click The FX-Agency Advisor III, the first thing you will see is a small window pop-up. Where it shows Allow DLL Imports, be sure that the box is checked. DLL Imports must be enabled when using our trading systems.
Brief description of The FX-Agency Advisor III The first thing we must clarify with you, is that The FX-Agency Advisor III is nothing remotely similar to The FX-Agency Advisor II. They are totally different and have no relation whatsoever. The formulas, algorithms and structure are different. The FX-Agency Advisor III is an excellent software that a trader can use for reversal/retracement style of trades. Scalping a few pips here and there is great with this system, but you can also use this system on higher time frames. The purpose of this release, was to target traders who like to scalp and at the same time, keep it affordable. The FX-Agency Advisor III will display entries, stop-loss and target points. It will also display the risk/reward ratio on the current condition as well. It works on all time frames. As you scroll through each time frame, it will automatically adjust to it and display the correct information accordingly. It has a trend filter feature where you can specify any four time frames (preferably you should set them higher than the time frame you are using). There are also profit targets that can be set by simply going into the Indicator Settings and setting the input Display Targetlevels to TRUE.
The Inputs The FX-Agency Advisor III has neat features. Understanding the inputs are easy. There are numerous options you can enable/disable at your own will. We will be only be outlining the important inputs, what they mean and what they do. In the drop down menu of the inputs, True means ON and False means OFF.
This will give you a better entry. SoundAlert Along with the signals that The FX-Agency Advisor III shows, it will also show an audio alert window popup when market price has touched the Buy or Sell. In the event that you are doing something else on your computer such as reading, e-mailing, chatting etc, this sound alert will notify you. DisplayLineNames This option is to enable or disable the text of the Buy Line and Sell Line that is projected on your chart. This options only effects the lines however, the signals in the panel will still show. It is recommended that you do not disable this feature. ShowLines This setting is responsible for projecting the Buy Line, Sell line and Get Ready level line on the chart. Similar to the DisplayLineNames setting, the information will still be shown in the panel. It is recommended that you do not disable this feature. DisplayPanel The Gauge is another word for the FX-Agency Advisor III panel (the box that displays all the information). It controls the entire panel. This can be removed from the chart, but since it shows the important data, be sure to keep it enabled. Display Targetlines To display profit targets, this setting should be enabled. It will project ten different price levels that the market is likely to bounce from. All ten profit levels can be used to take profits. BrokersAskPrice Market price and your brokers price, will likely differ. This setting will allow you to monitor the ask price, without you having to check the bid/ask price in the Market Watch. The purpose of this, is to compare the two differences. Normally, you will see the horizontal line which displays the market price which moves up or down. With BrokersAskPrice enabled, you will see two prices. One will be the current market price and the other will be the ask price.
TrendConfirmation (Important) As mentioned on our website, this system has a trend filtration system. By specifying four higher time frames, the signal will only be given after The FX-Agency Advisor III calculates the trend/momentum of those specific time frames. Usually a trader would have to manually switch to the higher time frames and check this, but there is a monitoring feature build in which will receive data feed from the higher time frames without you having to manually switch. A trader is able to determine which direction to trade, by monitoring the high time frames and placing trades on the lower time frames based on that. If the time frames that you have specified are bullish, then only buy trades need to be taken on the lower time frames. Likewise, if the time frames you specified are Bearish, only sell trades need to be taken. In the input settings, you will see four fields. One is TimeFrameTrend1, TimeFrameTrend2, TimeFrameTrend3 and TimeFrameTrend4. In these fields, you must input the number of minutes that your chosen time frame has. For example, the picture below, the settings show M15, M30, M60 and D1 as the chosen time frames. There are 15 minutes in 15 minutes, 30 minutes in 30 minutes, 60 minutes in one hour and 1440 minutes in a day. minutes in a day and 60 minutes in an hour. Suggested TimeFrameTrend Settings M1-Time Frame: Set TimeFrameTrend1 to 1 Set TimeFrameTrend2 to 5 Set TimeFrameTrend3 to 15 Set TimeFrameTrend4 to 30 M5-Time Frame: Set TimeFrameTrend1 to 5 Set TimeFrameTrend2 to 15 Set TimeFrameTrend3 to 30
Set TimeFrameTrend4 to 60 M15-Time Frame: Set TimeFrameTrend1 to 15 Set TimeFrameTrend2 to 60 Set TimeFrameTrend3 to 240 Set TimeFrameTrend4 to 1440 M30-Time Frame: Set TimeFrameTrend1 to 30 Set TimeFrameTrend2 to 60 Set TimeFrameTrend3 to 240 Set TimeFrameTrend4 to 1440 H1-Time Frame: Set TimeFrameTrend1 to 30 Set TimeFrameTrend2 to 60 Set TimeFrameTrend3 to 240 Set TimeFrameTrend4 to 1440 D1-Time Frame: Set TimeFrameTrend1 to 60 Set TimeFrameTrend2 to 240 Set TimeFrameTrend3 to 1440 Set TimeFrameTrend4 to 10080 M1-Time Frame: Set TimeFrameTrend1 to 60 Set TimeFrameTrend2 to 240 Set TimeFrameTrend3 to 1440 Set TimeFrameTrend4 to 10080 The picture you see below is what will be shown on your screen when you load the included template. Look at the top left of the chart, where you see the black panel with rows of information. That is the section you have to watch closely. You can click the entire panel and drag it anywhere around the chart, simply by moving the mouse.
An example of our Sell trade Using The FX-Agency Advisor 3 is very easy. Since all the calculations and analyzing is done for you by the program, all you need to do is place the trade at the correct time. When price hits the Get Ready Level, you will see a RED ARROW. At that point you have to enter the trade but only when price truly touches the SELL LEVEL and not before and not after. This same concept goes for a Buy trade. You will see a Green arrow and you must enter when price hits the "BUY LEVEL" only after it has hit the "Get Ready Level".
When NOT to trade An important word of advise. You are NOT to blindly enter the trade just because price has hit the sell level because it could have been an old signal, or it could have hit the level from the bottom, which means its not worth trading. Although people do enter a few candles after, this is not recommended and it is best to trade a "fresh" signal.
When TO trade The picture above, shows a perfect opportunity. A fresh red arrow has formed and price has hit the "SELL LEVEL". At this point you should have SOLD. It is very simple to tell if a arrow is fresh. The arrow must be right underneath the current candle being formed. As you can see in this chart, it displays exactly that.
An example of our LIVE Sell trade! A perfect opportunity. This picture above shows a live actual trade that had already been taken and was still progressing. At the time it was taken, the profits were at +98 pips from the entry. Note, the amount of pips you make are also displayed in The FX-Agency Advisor 3 panel.
An example of our LIVE Buy trade!
When NOT to trade Another simple way of knowing if the current signal is worth trading or not, is observing the distance between the Get Ready Level and the Sell/Buy Level. When the lines are narrow, it means that your stop-loss is too close to your entry and you can get stopped out too easily. As experienced traders, we advise you to leave some room to trade with and avoid these types of situations.
When TO trade In this example chart you see the distance between the Buy/Sell level is a good decent size. This is considered an excellent opportunity and should be the ones you should look for.
Where to place your "stop-loss"
Where to "take profits" The FX-Agency Advisor 3, gives 5 "take profit" levels! Simply activate the targets by setting the correct input to "TRUE" and they will be projected on your chart. These are highly accurate levels and some of the best traders in the world use the formula that they are based from. When you use the profit target levels, you will notice how good price reacts to them.
Template Themes Add some taste to your chart Classic Black
Drake Blue
Forrest Ranger
Gladiator
Girly Girl Pink This concludes the tutorial. The information on this page, should be more than enough for you to understand the system and how to trade. If for some reason you need more explaining or have additional questions or comments, please feel free to contact our office anytime at support@fxatrade.com. We would be more than happy to assist you. Copyright 2014 FXA Trade Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts. FXA Trade expressly disclaims all liability for the use or interpretation by others of information contained in this forum. Decisions based on information contained herein are the sole responsibility of the visitor, and in exchange for using the information contained in this website the visitor agrees to hold FXA Trade and its affiliates harmless against any claims for direct, or indirect, damages for decisions made by the visitor based fully or partially on such information. Whatever is the manual trading method, or the automated trading strategy, don't forget to test it first in demo.