Presents Forex Profit Boost Forex Profit Boost Published by Alzaiak Trading CC Nominee Old Tree Publishing CC Suite 509, Private Bag X503 Northway, 4065, KZN, ZA www.oldtreepublishing.com Copyright 2014 by Alaziak Trading CC, KZN, ZA Reproduction or translation of any part of this work by any means, electronic or mechanical, including photocopying, beyond that permitted by the copyright law, without permission of the publisher, is unlawful. Trademarks: Alaziak Trading CC, Tradeology
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 http://www.tradeology.com/ or any website the content is hosted on, and any email 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 our 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 anywhere on http://www.tradeology.com/. 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 herewith. 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. Old Tree Publishing CC, in association with http://www.tradeology.com/, the website, 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 these terms and conditions without notice. You can check for updates to this disclaimer at any time by visiting http://www.tradeology.com/. Governing law: this policy and the use of this report/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. 2
TABLE OF CONTENTS I. Introduction... 4 II. Indicators & Tools... 5 A. Forex Profit Boost... 7 B. MACD... 10 III. Buy Trade Rules... 13 IV. Sell Trade Rules... 15 V. Example Trades... 17 1. USDCAD Aggressive Long Trade... 17 2. EURUSD Conservative Long Trade... 19 3. GBPUSD Aggressive Short Trade... 21 4. EURNZD Conservative Short Trade... 23 VI. Important Notes... 25 3
Forex Profit Boost I. Introduction Hi traders! Today, I want to introduce the Forex Profit Boost system to you. This system is an effective combination of indicators to boost your profit making abilities in the market. This system is really good because of its simplicity, versatility, and credibility. The rules of this system are straightforward and easy to follow, and there s no need for guesswork in this system. That makes this system very simple. The system is versatile as it works well with any timeframe from 1 Minute (M1) to the Daily (D1) timeframe. You can choose the timeframe you prefer and comfortable trading with. Also, you can trade it on any currency pair. You can decide on which currency pair to focus on. The system is credible. Most of the time, it doesn t give false signals. About 90% of the time that I use this system, I am able to hit my targets. I will explain two ways to enter the market using the system, either with an aggressive approach or a conservative approach. With this bonus report, I will teach you everything you need with Forex Profit Boost. We ll look at the components that make the system work and then go over the trading rules. Also, I will provide trading examples for your reference. It s time to get the ball rolling... 4
II. Indicators & Tools The Forex Profit Boost system uses two indicators: Forex Profit Boost and MACD. Below is how the chart template looks like. Please download the Forex Profit Boost files from the member s area. Copy and paste the Forex Profit Boost indicator in the indicators folder in your MetaTrader4 platform, and save the template into your templates folder. 5
Once done, you may apply the chart template on your chart. Just open your MT4 platform, click on the Templates icon and select the Forexprofitboost template. 6
A. Forex Profit Boost The Forex Profit Boost is a custom indicator and is the first step to confirm the entries. This indicator changes in color it can turn from Blue to Red or vice versa. The indicator will appear Blue when the market is bullish and indicates that there s a possible long trade. On the other hand, it will turn Red when the market is bearish and there s a possible short trade. Blue bars signify an uptrend and Red bars suggest a downtrend. For a BUY entry, the Forex Profit Boost bars should be Blue in color and are below the candlesticks. 7
For a SELL entry, the Forex Profit Boost bars should be Red in color and are above the candlesticks. The Yellow bars below the Blue and Red give us an extra confirmation. They give us an indication of a stronger or weaker signal. When the Yellow bars are below the Blue bars, this indicates that we have a stronger signal that the market will continue on moving upwards. 8
When the Yellow bars are below the Red bars, this indicates that the downtrend will eventually stop and the Red bars will start to turn into Blue. 9
B. MACD The Moving Average Convergence-Divergence, or simply MACD, is a technical momentum indicator developed by Gerald Appel. This indicator is popular, it s used by many traders to confirm buy and sell signals. The indicator consists of the center line (also called zero line), signal (red) line, and histogram (or bar graph). 10
On the image below, you can see that the signal line crossed under the histogram. This means that price is starting to climb. With the aggressive approach, you get a buy signal when the histogram is above the signal line. While with the conservative approach, the signal line has to cross the zero line to get a confirmation that price is indeed rising. So you have a buy signal when the histogram is above the signal line and has crossed (or is above) the 0 center line. 11
On the other hand, when you see that the signal line is crossing above the histogram, this means that the price will be moving downwards. You get a sell signal when the histogram is below the signal line with the aggressive approach. When using the conservative approach, the signal line has to cross under or be below the zero line to get a confirmation that the price is falling. You will have the sell signal when the histogram is below the signal line and has crossed under the 0 center line. 12
III. Buy Trade Rules 1. Wait for the Forex Profit Boost indicator to turn Blue in color. 2. Check the MACD for confirmation: Aggressive Entry: a. Wait for a MACD histogram bar to form above the MACD signal line. Conservative Entry: a. Wait for a MACD histogram bar to be above the MACD signal line. b. The MACD histogram must cross above (or be above) the 0 center line. 3. When you get confirmation from the two indicators above, place a Buy trade as soon as the signal candle closes (or at the open of the next candle). 13
4. Set the Stop Loss a few pips below the most recent swing low or under the Forex Profit Boost indicator. 5. Set the Take Profit Level at the same distance as the Stop Loss (1:1 risk-ratio). For example, if the Stop Loss is set at 30 pips then the Take Profit should be set at 30 pips. The Stop Loss and Take Profit Levels illustrated below are for our conservative entry. 14
IV. Sell Trade Rules 1. Wait for the Forex Profit Boost indicator to turn Red in color. 2. Wait for the MACD for confirmation: Aggressive Entry: a. Wait for a MACD histogram bar to form under the MACD signal line. Conservative Entry: a. Wait for a MACD histogram bar to form under the MACD signal line. b. The MACD histogram must cross under (or be below) the 0 center line. 3. When you get confirmation from the two indicators above, place a Sell trade as soon as the signal candle closes (or at the open of the next candle). 15
4. Set the Stop Loss a few pips above the most recent swing high or above the Forex Profit Boost indicator. 5. Set the Take Profit Level at the same distance as the Stop Loss (1:1 risk-ratio). For example, if the Stop Loss is set at 30 pips then the Take Profit should be set at 30 pips. The Stop Loss and Take Profit Level illustrated below are for the conservative entry. 16
V. Example Trades 1. USDCAD Aggressive Long Trade Below is the USDCAD 15 Minute chart. Using the aggressive approach, the first step is to check for the Forex Profit Boost indicator to turn Blue in color. Once it s formed blue bars, we ll look for our second signal on the MACD indicator to make sure that the histogram bar is above the MACD signal line. You can see that both signals appeared below along the vertical line, we can place a buy trade order at the open of the next candle. 17
For this particular trade, we ll set the Stop Loss Level few pips below the most recent swing low. Next, we have to set the Take Profit Level at the same distance as the Stop Loss. Since the Stop Loss is set at 23 pips then the Take Profit will be set at 23 pips. This is a good example of an aggressive long trade taken using the Forex Profit Boost system. 18
2. EURUSD Conservative Long Trade Here s another buy trade example, but this time using the conservative approach. We will take a look at the EURUSD 30 minute chart. The first buy signal occurs when the Forex Profit Boost indicator turns Blue. For our second signal, we should check that the MACD histogram is above both its signal line and the MACD 0 center line. After these two signals have been met, we can place a buy trade order at the open of the new candle. 19
We will then place the Stop Loss level under the Forex Profit Boost indicator or approximately 39 pips away. For our Take Profit Level, we will set it at the same distance as the Stop Loss based on 1:1 ratio. Since the Stop Loss is set at 39 pips then the Take Profit will be set at 39 pips. You can see that our Take Profit level was hit after three candles and we managed to exit this particular trade with a healthy profit. 20
3. GBPUSD Aggressive Short Trade Our first sell trade example is on the GBPUSD 30 Minute chart with an aggressive approach. Similar to the buy trades, we will look at two indicators: the Forex Profit Boost indicator and the MACD. For the sell trade though, the Forex Profit Boost should be Red in color and the MACD histogram should be below the MACD signal line. After we got these confirmations, we can place a sell trade order at the open of the new candle. 21
We ll place our Stop Loss level a few pips above the recent swing high. Next, we will place our Take Profit level at the same distance as the Stop Loss. Since the Stop Loss is set at 22 pips, our Take Profit will also be at 22 pips. We can see that the price dropped over the next few candles and hit our Take Profit level. 22
4. EURNZD Conservative Short Trade Our last example is a sell trade using the conservative approach on the EURNZD 15 Minute chart. Again, we should first look at the Forex Profit Boost and the MACD indicators. We can see below that the Forex Profit Boost gave us the first signal that the market is going to move downwards. The Forex Profit Boost has turned Red. Afterwards, we can see that the MACD histogram fell under the signal line and the 0 center line. As soon as we have these confirmations, we can place a Sell trade order at the open of the new candle. 23
For our Stop Loss, we ll set it at the top of the Forex Profit Boost indicator. For our Take Profit Level, we will set it at the same distance as the Stop Loss based on 1:1 ratio. Since the Stop Loss is set at 34 pips then the Take Profit will be set at 34 pips. Price continued to decline and not long after we placed the Sell Trade, our Take Profit Level was hit and we exited this particular trade with a healthy profit. 24
VI. Important Notes When using the Forex Profit Boost, you only need to focus on the two indicators: the Forex Profit Boost and MACD. Before placing your trades, check the stop loss level first. If the stop loss is too far from the most recent swing low, then use the edge of the Forex Profit Boost indicator alternatively. Another thing that you will love about this system is that the system works on all timeframes and currency pairs. But don t get greedy, trade only with currency pairs you are familiar with and make sure that the spread is low. You have the option to use the conservative or the aggressive approach but the conservative approach yields the best results. So before placing your trades, make sure you are using the best signals. If you are using the aggressive approach, you may want to employ additional risk reduction methods, such as moving the stop loss to breakeven once the trade has reached halfway towards your target. Remember, don t risk more than 2-5% of your account on any one trade and have only 1 trade at a time to reduce the number of losing trades that your account will incur at any one time. Let me know if you have any questions about this system and I ll help you as best as I can. The Forex Profit Boost system is a great method to better equip you in your trading journey. Enjoy! Sincerely, http://www.tradeology.com/ 25