Forex Pro

Shadow
User Manual
CopyRight ® 2018 Forexobroker Team
 Installation

Stepl.
Download and install the Metatrader4 (MT4) platform. You can choose any
broker that supports Metatrader4 platform such as FXCM, XM, FXPro etc.
Feel free to use your existing brokerage account or choose one by yourself.

Step2.
Open your MT4. Click on the File/ pen Data Folder at the top.
^ Frfe View ln:s;ert (hallts: Tools: Win i

E U3, New Chart

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Close Ctrl+F4
,Q, ^ Save. s. Ctrl+S
^ Save s Pic:ture
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♦ 1^ Open
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A Open an AccDu,nt Login
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^^ to- MQI5,c.omni.unity

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^ ^ Print Ctrr+P
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Exit
Step3.
Copy .tpl file to the 'templates' folder.

config 16.03.2018 IN3

history 18. 12,1{)1717:49
log,s; 18.03.20181&:3.8
MQL4 18.12.201717^46
profil'es 05.03.201& 14:02.
templates;
15/111111/111:37
tester,
11 origin 1 S..03, 2.01/3..2:1:37
18.12.201717;46

Step4.
Go back to the main folder and select the 'MQL/indicators' folder.
Copy the FXShadow indicator here.
Exp.ert^ 18 12, l{)1717;4f,
Files 05 03 2 01813:5-8
In,ages; 18 TZ 2017 17:46
Include. 1& 12201717;46
3 Indtc'ators 15,03 2018 ,2,2;:B
Libraries. 1&. 12, 2.01717:46
Logs; 13.03,201& 18,38
Pres;ets 1&.12-201717:46
Projects; 18.1 /, 2017 17;46
Scripts 18.12.2.01717:46

StepS.
Restart MT4.

Step6.
Open a new chart for example EURUSD M15.
Step7.
Right click on the chart and pick

Templates/FxShadow System is ready for trading.

 The rules of the system

BUY ENTRY RULES

1. Candles are blue. 2. Up
blue arrow appears.

u-i «ii■■■.!■ T-...M,l,i.,l.i.„i,,.1,,.,) ,l.„,„„„,.l.ll,l.l,„.,l.l.t ,l,,„i«t,l„„.„„!,,.„it,,.,,„,,»» 1I.WI1III1.WMa■■■■

The signal appears at the closing of the candle.

You will be notified by an alert about every new signal.
Open buy transaction at the opening of a new candle.
 BUY ENTRY RULES
Stop Loss

Stop Loss should be placed below the /ast swing low. (3-5 pips below is
enough), or at the nearest visible support level.
If you have both swing low and visible support level close each other. Pick the one that is
closer your entry.
 BUY ENTRY RULES
Take Profit

When we already know the SL value, it1 s time to set up a TP order.

Depending on the expectations and movement dynamics, transaction should be closed
with RR = 1: 1, or RR = 1: 2 (where '1' is always a risk). In the above example, we can see

that SL order value is about lOpips. The first TP level should be also lOpips, which gives us RR = 1:

The second TP level is twice the SL value (20pips), which gives us RR = 1: 2

Try to observe the price movement, if the price moves quickly and dynamically, you can
count on a larger profit. If the price moves sluggishly, try to close the trade at 1: 1.
 SELL ENTRY RULES
1. Candles are red. 2.
Down red arrow appears.

The signal appears at the closing of the candle.

You will be notified by an alert about every new signal.

Open sell transaction at the opening of a new candle.

 SELL ENTRY RULES
Stop loss

Stop loss should be placed above the last swing high. {3-5 pips below is
enough), or at the nearest visible resistance level.
 SELL ENTRY RULES
Take Profit

When we know the L value, we can set up a TP order.

Similar to buy setup TP rules it's good to watch and market and pick take profit level based on
the price dynamics.
In the above example, we can see that SL order value is around 7pips.
The first TP level should be also 7pips, which gives us RR = 1: 1
The second TP level is twice the SL value {14pips), which gives us RR = 1: 2
 Additional Settings

When you open the indicator settings you will see the following window:
Risk Level: determines the speed and frequency of signals (arrows). lf you want to trade in more
aggressive way, you ca1 n lower this value to 6 or 4. The smaller the number, the entry signals will
appear faster and more aggressively.
lf you prefer standard and safe entries, do not change this value (default: 8)
Candles bullish color, Candles bearish color, Bull arrow color, Bear arrow color: determines the
colors of the candles and entries (arrows). Changing this value will not have impact on the signals, only
different visual appearance.
Settings for alerts: you can choose the alert type, that fits your trading style best
Use Signals Alert? - Standard MT4 alerts (pop up + sound)
Push send messages to your phone: lf you would like to receive moblle
notifications, you should switch that to 'true'
Send notifications by email: lf you prefer e-mail alerts, turn this to 'true'
 Additional Filters
When the market is in clear consolidation, you can use simple filters to
maximize your profits.

How to recognize consolidation?

lt's pretty simple. Put simple МА (for example MASO) on your chart. The
difference between trend market and flat market is easily to notice.

Trend Market
МА is clearly directed to the downside/upside.
 Flat Market
MA with no clear direction.
 A handful of advice

- try to trade on the major sessions only - the more volatility the better
{there is usually more pips/profit to catch).
- glance through the calendar of economic news before each day of trade.
lf there are some important 'red' news, its better to wait until they are
announced.

- pay particular attention to days in the calendar where the most important news are, like: non-farm
payrolls, ECB press conference, FOMC. These news are crucial to
the market and sometimes investors will wait outside of the market
for their announcement.

- do not worry if you are late for a signal. lt is better to wait for another trade
than get into one that has already been on its way a long time and may very
well turn back

- the system can be used on any MT4 platform instrument. However, we

recommend you stick to 'majors' due to lower spread and good liquidity.