TradingPredictor Professional Resource and Indicator Signals for Traders Trade Alert Chart Check List Use this Guide to Check that Your Charts are Good and the Markets are Safe for a Trade when you Hear the Alerts
What is the purpose of this User Guide?... This User Guide is vital to achieving 80% win results and regular, consistent wins with the TradingPredictor software. It is imperative that you refer to this 'Trade Alert Check List Guide' BEFORE you take a Trade when you hear a Trade Alert from TradingPredictor software. (NOTE - This applies to any template that is being used with the TradingPredictor software, although many of the rules are already built into the Volatility Rules template.) The quick visual checks in the is Guide will confirm that no False Alerts have been triggered from volatile market conditions and that all the required chart conditions are correct and in place and the Markets are safe, to ensure a safe winning Trade when you hear the Trade Alert. If you see any of the items/conditions listed in the 10 Trade Alert Check List points below then do not take the Trade, or you risk loosing that trade! There will be plenty more Trade Alerts coming along very soon so there is no point in risking taking one that is not perfect! So simply disregard any that do not comply 100% with this Check List and simply wait until another Trade Alert comes along. Introduction. TradingPredictor v3 and v4 were written with the sole purpose of automatically seeking out winning trades based on the values/parameters/criteria that are set by the template that is being used by the Trader and which are loaded on to the Trader's M1 charts. With TradingPredictor v3 and v4 the Trader can let the software work away in the background and the Trader can leave their machine and let the software to do the searching for trades on their behalf. To recap: Load the template on to as many M1 Charts as you want. The more Charts the template is loaded onto the more Alerts your will obviously get. Note: If you open too many charts then you will receive a huge amount of alerts if you are using the v3 'Ultimate' version, to be able to handle them all with the required attention they need. So choose your preferred trade alert and either delete the Short Trade and/or Long Trade indicators (v3 Ultimate version) or don't open too many Charts, or you run the risk of making mistakes due to all the Alerts ringing and appearing on screen in rapid succession! So to recap: The TradingPredictor software will be searching for potential Trades using the template that you have loaded onto your M1 Charts and which will either be one of our templates (as supplied with the software), or your own modified template. While the software is seeking out Trades for the Trader there is no need for the Trader to do anything and they can go away and get on with something else. (ensure your computer's speaker volume is loud enough so you can hear it sound the Alerts) When a Trade Alert sounds then the Trader must get involved briefly to do a few quick checks on the chart that the Alert has occurred on, using this Trade Alert Chart Check List Guide. The Trader must go to his machine and read the Trade Alert message window to find what chart the Alert is for and then open that chart full screen so they can quickly check it against the Trade Alert Check List below (or from their memory...as the Check List is easy to remember...and is mainly common sense...). (The checks are quick and easy and will become second nature to the Trader very quickly).
Trade Alert - Check List : Before taking a trade you MUST do these checks when you hear a Trade Alert sound. (Note with v4 you can use the template with the Volatility Rules which will apply many of the rules below and will therefore just display the Alert IF the rules are passed!) If you are not using the template with the volatility rules the when you hear a Trade Alert You MUST Consider the following... 1. Disregard alerts that sound when you are opening Metatrader. Only regard alerts AFTER MT4 has been open for a few minutes. 2. Don't take the trade if there have been 5 or more candles all the same colour (direction) prior to the candle with the Diamond and Ruby combination. (see image 1 and 1a) 3. Don't take the trade if there is a steep curve at the end of the grey wave and which is in the opposite direction to your intended (alerted) trade. (see image 2) 4. Don't take the trade if the price has already significantly crossed the half way line (i.e. the dotted line in the middle of the grey wave) (see image 3) 5. Do not trade JPY pairs as they are often too volatile and do not follow conventional market movements. 6. Do not take the trade if the candle with the Diamond and Ruby combination has a large wick. (see image 4) (NOTE - you can tell the software not to alert you if the wick is certain size by changing the TP6_Wick_MaxPips setting from 0.0 to something else. 0.0 means 'do not check wick size') 7. Don't take trades if you hear Trade Alerts when it is Opening or Closing time for a Market somewhere. (Learn the open and closing times of the Markets - see page 6). (see image 5) 8. Has there been a recent large/long candle or a run of candles that is out of the ordinary compared with the rest of the chart's candles. (see image 6) 9. Don't take the trade if there are a lot of 'Spiky' candles all over the chart, (i.e. big wick on many/most of the candles). (see image 7) 10. Don't take the trade if the Diamond and Ruby are on a long candle, i.e. a candle that is out of the ordinary and much longer than the rest of the previous candles. (see image 8) NOTE - ignore the colour of the candles in the screen shots below as their colour may change from template to template that we use, but the software is the same!
Image 1. 5 or more candles in a row Image 1a. 5 or more candles in a row
Image 2. A steep curve at the end of the Grey Wave Image 3. Candle has crossed halfway line by the time you hear the alert NOTE - may be lag!!! So refer to page 21 in the User Manual to see how to STOP lag!
Image 4. A large wick on the candle with the diamond and ruby Image 5. Markets open and closing times
Image 6. A sudden change in candle sizes Image 7. Spiky candles (i.e. long wicks) on many/most of the candles
Image 8. Abnormally long candle Conclusion. The chances are that if a Trade Alerts sounds and you check the chart using the Check List and you see one of the 'conditions' listed above, the trade may still win! The price may just fluctuate up and down for around 15 minutes before it eventually goes in the intended/alerted/predicted direction, and so you would still win because you would have taken a trade and thus any fluctuations of the price at the start of the trade will be absorbed and by the time the length of the expiry time is reached the price will be ITM (in the money) and so you will win that trade. Remember: With Binary Options being ITM (in the money) is NOT IMPORTANT at all during the duration of the expiry time of your trade!! The ONLY ONLY ONLY thing that is important is where the price is when the expiry time is reached. This is why we take around 30 minute expiry trades and not less than 15 minutes i.e. to absorb any short term reversals or fluctuations of the price because the relatively long expiry time gives you plenty time for the price to fluctuate for a while and be OTM (out of the money) at the start of the trade and even during the trade but then settle down and go on it's predicted direction and win by the time expiry time has been reached. (Note we use 5 minutes with the Short Trade alerts and 1 hour for the Long Trade alerts), Reminder: With Binary Options it does not matter at all what the price does or where it is during the trade...just as long as it is ITM (i.e. where you predicted it to be) by the time the trade expiry time is reached. The position of the price at the expiry time is the ONLY thing that matters. It does not matter one bit with Binary Options where the price is during the trade! So, if it fluctuates around and reverses and is OTM for the majority of the trade, we do not care! It does NOT matter. As long as the price is in the predicted position at the expiry time that is all we care about. So, remember: There is no reason to take a non perfect trade because there will be so many trade opportunities that there is no reason to risk taking a trade that is not perfect!
So again I repeat: there is no reason to take a risky trade such as one where the chart shows any of the items listed in the Check List above. If the chart is not perfect then you should simply ignore that Trade Alert and wait for the next Alert to come along...because you WILL get many Trade opportunities that will be perfect and which will not have any of the items listed in the above Check List. So don't risk taking the non perfect trade opportunities, just ignore them and wait for the next Alert! The Main Rule for ALL the Alerts that you get from TradingPredictor, whether Fast Short Trades, Medium length Trades or Long Trades is: Do NOT Trade in a direction that goes against the Trend!!! The Trend is the direction of the Grey Wave and the direction of the centre purple line (The centre line is purple in v3 and v4; it is grey in previous versions as in the images above.) For Reference... Below are two examples of GOOD looking, safe, winning charts which have none of the issues mentioned above in the Trade Alert Check List. These are just two examples of great looking charts for getting winning Trades when the Alert is heard, there are plenty more types of perfect charts! However these examples will give you an idea of what kind of charts, conditions, setups and shapes you should be looking for, compared to the chart images on the previous pages of charts that had issues and which were no good for taking Trades. So, keep you eyes open for charts such as the two examples below when you check your charts upon hearing the Trade Alert.
Perfect Chart Example 1 Perfect Chart Example 2
What you see above on the previous page is a typical example of what you can and what you WILL get from the TradingPredictor software. i.e. perfect chart setups and perfect winning trade opportunities! SO... FINAL COMMENTS... THERE IS NO NEED TO TAKE RISKY, NON PERFECT TRADES FROM A CHART THAT IS NOT AS PERFECT AS THE CHARTS ABOVE...BECAUSE YOU WILL GET SUCH CHARTS AS ABOVE AND MANY OTHERS JUST AS GOOD, AND VERY OFTEN! SO JUST BE PATIENT AND WAIT FOR THEM AS THEY WILL COME,... AND THEN TAKE THOSE TRADES... AND DO NOT TAKE THE NON PERFECT TRADE OPPORTUNITIES SUCH AS THE ONES IN THE EARLIER EXAMPLE SCREEN SHOT IMAGES!!! THERE IS NO EXCUSE FOR NOT GETTING 80% WINS OF YOU FOLLOW THIS GUIDE! YOU KNOW YOU CAN GET PERFECT WINNING CHARTS LIKE THE TWO EXAMPLES ABOVE!!! YOU HAVE SEEN THEM AND YOU WILL SEE THEM OVER AND OVER AGAIN EVERY HOUR OF THE DAY. SO,. WAIT FOR THEM AND TRADE THEM AND IGNORE ANYTHING THAT IS NOT PERFECT! DO AS I HAVE EXPLAINED AND YOU WILL NOT LOOSE! I RE-ITTERATE AND REPEAT, FOR THE AVOIDANCE OF DOUBT: DO NOT QUESTION OR ANALYSE OR QUERIE THE INDICATORS OR THE SOFTWARE! IT HAS BEEN CAREFULLY AND CREATED, TESTED AND USED OVER MANY YEARS. WE HAVE DONE ALL OF THE TRADE SEARCHING WORK FOR YOU ALREADY AND MADE THE SOFTWARE FROM IT!!! THE SOFTWARE DOES ALL THE THINKING AND ANALYSING!... ALL YOU NEED TO DO IS THE SMALL HUMAN PART AND FOLLOW THE RULES/GUIDES AND PLACE THE TRADES ON GOOD CHARTS. DO NOT COMPARE THE SOFTWARE WITH OTHER INDICATORS YOU MAY HAVE USED! DO NOT QUESTION WHY SOMETHING DOESN'T DO WHAT YOU WERE USED TO WITH OTHER INDICATORS! OUR SOFTWARE IS NOT LIKE THE OTHERS AND DOES NOT ALWAYS 'APPEAR' TO CONFORM TO WHAT YOU THOUGHT WAS 'NORMAL'...BUT...THIS IS A GOOD THING!...BECAUSE ASK YOURSELF...WERE YOU WINNING WITH THE OTHER SOFTWARE/INDICATORS YOU WERE USING?? NO, YOU PROBABLY WERE NOT BECAUSE IT IS VERY DOUBTFUL THAT YOU WOULD BE HERE IF YOU WERE. SO PLEASE, LEARN TO TRUST THE SOFTWARE AND TRY TO RE-THINK, RE-LEARN AND DONT QUESTION AND QUERIE SO MUCH AND YOU WILL HAVE SUCCESS WITH THE SOFTWARE. SO WITH ALL THAT SAID AND OUT OF THE WAY...AND NOW THAT YOU HAVE THE SOFTWARE AND THE KNOWLEDGE TO KNOW WHAT GOOD AND A BAD CHARTS LOOKS LIKE AND WHEN TO TAKE A TRADE AND WHN NOT, YOU CANNOT LOOSE. THAT'S IT, NO MORE NO LESS! IT IS EASY!! IT WORKS!!... SO LET IT WORK FOR YOU! TRUST AND FOLLOW THE RULES AND YOU WILL WIN.