3 Trades A Day Instructions

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** Please follow these instructions step by step to set up your

system **

If some of what I have written is redundant then that is


only because it is
that important to be said more than once as I do want you to
succeed in your
Forex trading. A few years of sleep for yourself for the lack
of my own is
what you have purchased, not a magic green light that will
make you millions
in the next six months. No matter where you are now in your
trading experience,
I do believe that all of this information will only add a great
positive to that experience
as long as you take your time and treat trading like a
business and not a hobby.
With that said....Lets get started on that experience~

Please note that I have had some customers report


having download problems with the Firefox browser.
Some files from the download do not show up as they
should so it is recommended that you use Internet Explorer
when downloading and setting up your MT4s.

1) Start by downloading the MT4 trading platform that is


inside the main folder If you
have not used MT4 before or just want want a clean install
of MT4.
There will be a live update run on the software once it is
downloaded.
Minimize the window for these instructions. Download the
MT4 and refer back to these
instructions as you set it all up.

** I am able to answer most all questions but you can also


refer to the metaquotes site from
the MT4 toolbar "Help" box for any technical questions
that relate to the MT4 platform itself. **

You are able to download the MT4 Demo version to trade


with virtual money.
You can use any brokers trading platform that you want for
live trading,
useing your MT4 chart system/set up, to determine your
actual live trades.
Having multiple monitor set ups is helpfull but not totally
nessasary. The MT4 set up
will ask you when first installed, for information including an
email address. None of the
information is collected for any reason other than to set up
the software. You can use any
name you want, but a real email address is required to set up
the MT4.

2) Once the MT4 platform is downloaded close all default


windows that open
when the MT4 is first installed. (Click the "x" to close
Charts and Trade Terminal windows)
*** Then close the MT4 ***
3) Open the template folder that came with the system set
up files and you will see templates for
"Basic" , "Enter Exit" & "Dailysetup".
Minimize the template folder and then From "My
computer" open the folder:

** C:\programfiles/metatrader4/templates **
Drag and drop each template file to the above named
folder and then close all folders.

4) From "My computer" open the folder:

** C:\prografiles/metatrader4/experts/indicators **

Open the indicator folder you recieved with the system set
up and "drag and drop" the icons for
each indicator to the above named folder and then close all
folders.

NOTE:
All of the template and indicator files are saved in a zip file
folder under
"ALLZIP" in the main folder you received. Dragging and
dropping
them from the main folders will empty the main folders, but
you will still have them
saved in the "ALLZIP" folder for future use if you need
them again or to
set up other computers. You can even download redundant
MT4 platforms for
multi monitor set ups if you choose.
Just name each MT4 Demo by # (MT4 1, MT4 2, MT4 3
etc....) and you can open
seperate platforms with different chart set ups instead of
having all of your charts in one
screen or MT4 platform.

5) Now open the MT4 again go to step 6.

6) Open three (3) new charts (Use EUR/USD> From the top
left drop-down menu of the MT4)
(File/open new chart) and then drag/resize them to look
like the picture file >setup 1< that was sent to you.
Overlay the 2 large charts as you size them each to look
like the picture. Set the time frames as follows:
From Left to right set chart 1 at DAILY, chart 2 at
5Minute and the smaller chart at 1Hour. Your charts should now
look like
picture file >setup 1<.

7) (A) Left click on the small chart on the right set on the
1Hour time frame and then click the "templates" box from the
MT4 Toolbar.
Then click "load template" from the drop down menu and
load the "DAILYSETUP" template and
you will see the chart set up now look like the picture
file >setup 2< that you received.
(B) Left click the large chart set on the 5Minute time
frame and repeat the above, but this time load the
template "Enter Exit" for this chart and you will see
your charts look like the picture file >setup 3< that you received..
(C) Left click on the large chart set at DAILY and repeat
the above, but this time load the template
"Basic" for this chart and you will see your charts look
like the picture file >setup 4< that you received

If you absolutly can not get the system set up working on


your own you can go to:
https://secure.logmein.com/products/createaccount.aspx

and sign up for a free account so I can log on to your


computer from mine and install it for you for a 5 dollar fee
payed through Paypal.

I have no problem seting up the MT4s for you but I would


prefer that you take all steps to set up the system on your own

as that will also give you a better understanding of how to


change set ups and work the system yourself in the future.

** NOW YOU HAVE YOUR SYSTEM ALL SET UP


AND READY TO USE **

8) Note that all of the chart set ups can be used on any time
frame that you choose.
I often get customers asking if they can be used on say 5 or
15 minutes, so YES.
You can change any of the charts time frames by left
clicking one of the charts and then
clicking one of the time frame boxes on the top menu line in
the MT4.
Trading Forex is about being able to look at ALL
timeframes, so yes..Look at all timeframes
as you deside to enter a trade, but remember that a higher
time frame holds more weight as
far as overall trend. Support and resistance levels change
from one time frame to another.
With that said the 1Hr chart is a good basis to look for a
daily trend, but the
markets move sideways and up and down, so there are
always trading opportunities on the
lower 1M main chart time frame. As always patience is the
key. Buy pullbacks and Sell rallies on the
shorter time frames if you choose to trade against the
trend of a higher time frame. With that said...
Please try to focus on the 3 trades a day strategy and do
not just try to time or scalp trades because
you have a feeling or are bored. The strategy will correct
you if you trade outside of the rules by taking your money.
At the same time it will build patience and your trading
account as you practice more and begin to gain trust in the
strategy and yourself.

Here is a link to the Alpari website that has great tutorial


videos if you are not familiar with the MT4 platform.
This video is showing how to execute trades within the MT4
platform, but there are several other helpful videos on the site
as well.
http://www.alpari.co.uk/en/alpari_academy/video_tuto
rials/trade_windows.html

MAIN SIGNAL & THE 3 TRADES A DAY SYSTEM :

This is the heart of the system and the instructions for


the 3 trades that you want to make each day.

Step 1: Open up your MT4 platform each morning after


5am EST but before 7am EST and on the small chart
on the Right with the time frame set to 1hour, manually
move (double left click to grab the line) the top GREEN
horizontal line to the high of the candle between Midnight EST
and 5am est.

Step 2: Move the RED horitontal line to the low of the


candle between Midnight EST and 5am EST.> That is the candle
that opens at 4am est and closes at 5am est.

If you can not find the 2 lines on your DAILYSETUP chart


you just need to change the time frame to weekly to see the 2
lines. Then just move them to "around" the current price and
change back to the 1 hour time frame to actually plot the 2 lines
per these instructions. The two candles will be the one that opens
at 11pm est and closes at Midnight est and the candle that opens
at 4am est and closes at 5am est. If you are useing the provided
MT4 platform the Midnight candle will be 7:00 GMT within the
MT4. Count forward 6 candles including the 7:00 candle to find
the 4-5am est candle.
Please check to make sure that the 7:00 GMT time is correct
and that it is in fact the Midnight est candle as some MT4
servers run on different server times.
Here is a link to an online timezone converter that will
help you find the correct time for the timezone you live in.

http://www.timeanddate.com/worldclock/fixedtime.html?
month=2&day=4&year=2010&hour=12&min=0&sec=0&p1=867

Step 3:

AFTER YOU PLOT YOUR 2 LINES TAKE THE


DIFFERENCE BETWEEN THOSE TWO PRICES AND THEN
DIVIDE THE DIFFERENCE BY 3.
EXAMPLE: price high= 1.4881
price low = 1.4828
difference = 53
53 divided by 3 = 17.6
Your profit target on the first trade is the difference of the
high and low you plotted divided by 3.
From the above example that would be 17 pips. You can move the
2 horizontal purple colored first trade profit target lines on
the Dailysetup chart to these profit points so they are easy to
see. Save the chart template each day after plotting your lines
so the lines are there in the general price range when you open
your charts the next day.

BELOW ARE THE


INSTRUCTIONS TO EXECUTE YOUR 3 TRADES PER DAY.

I will not go into patience or emotions or posistion size and


management here as I write about those things elswhere in the
added text
within the system. I will just explain what your are looking for
and what to do to execute each of the 3 trades.

TRADE #1:
For trade 1....Look to enter as the price moves above (BUY)
the GREEN line that you plotted on the
"dailysetup" chart OR below the RED line (SELL).
Confirm your entry by looking at the indicators on the larger
5M "Enter Exit" chart.

That is to look for the top bar indicator (FX trend ) to turn
red for a short break (lower red plotted line) or green for a
long break (upper green plotted line) as the price is about to
break one of your plotted lines on the Dailysetup chart and as
the candle color (TTM TREND) on the Enter Exit chart is the
same color. Then you will look for the MAXMA indicator (red
or green "dots" on the enter Exit chart) to turn the same
color of the FX trend indicator and the candle color from the
TTM indicator. You will also be looking for the Line in the
center of the "Enter Exit" chart (Audio Alert Line) to change
color in acordance of the break.
The Confirmation of the plotted lines break should be from
the above stated indicators conditions. (A non
coresponding/delay or no change of the AAL indicator color
could be a sign of a week trend or a false spike).

Either exit the trade at your calculated target as in the


example above (and included example pictures) or when the
YELLOW SDX lines appear on the dailysetup chart (reaching
either a high or a low depending on the direction at the time)
or a significant support or resistance according to your pivots
on the Enter Exit chart. The session pivots (Orange lines on
the MULTIFRAME charts and TREND chart) should be
respected as likely places the price will change direction.
Sounds tricky but after some practice and mainly watching
the trades line up each day it is not as difficult as it sounds.

***
Please note that the yellow SDX breakout indicator is set at
#3 in its TIMEZONE OF DATA properties by default. You
might have to change its setting # to have it appear properly
for your peticular timezone. The rule will be to have the SDX
appear about 4 hours after the London open. The SDX will
appear plus or minus and hour from 7am est (or 4 hours after
the London open). This is what it should do. Once you have it
set to consistantly appear do not change the setting as it will
calibrate itself each day to give a heads up for the entry of
trade 2 depending on the previous several hours of price
action.
TRADE #2:
After closing trade 1.... Reverse the trade position and look
for the price to pull back to the 30M Audio Alert Line for a
conservative trade or to the 1H or 4H AAL for an aggressive
trade again useing the 5M "Enter Exit " chart for
confirmation of the reversal.

TRADE #3:
If you have executed these 2 trades sucsessfully it may be
best to quit for the day and enjoy your profits.
But if you still want more or did get stopped out, the 3rd
trade will be to look for the breakout of the YELLOW SDX
indicator.
Either a break low (Sell) or a break high (buy). This trade will
be confirmed the same way you confirm trades 1 and 2 useing
your "Enter Exit" chart. Typically if the Yellow SDX indicator
that you are starting to see a break of developing is above
the GREEN horizontal line you plotted, the price will breakout
high. If the SDX indicator is below the RED Horizontal line
you plotted the price will typically breakout low.
Look to exit after 20 pips or at support or resistance on the
Enter Exit chart. These 3rd trade breakouts can run 100 pips
some days so I'll leave the exits to you. The added BASIC
chart is just to give a quick visual of the daily price action
and is good to use on the 4Hour time frame also to see trend
breakouts comming, after you get familiar with the 3 trade
entries and exits and over all daily price action.

******************************
*******STOP LOSS
RULES*************************************
ON ANY OF THE 3 TRADES YOU ARE BEST TO CLOSE A
LOOSING TRADE IF THE CANDLE OPENS (AGAINST YOUR
DIRECTION) ABOVE OR BELOW THE AUDIO ALERT LINE
ON THE 5M TIME FRAME. This will be the red and green
line on the "Enter Exit" chart in the main MT4.

You can enter again if the breakout tries again, but it is


probably best to go outside for some fresh air since at this
point you are either in
profit for the day or at a small loss. Tomorrow is another day
and it is best to walk away up or with a small loss instead of
risking having a not great
trading day turn into a real bad one. Remember also that the
names for the 3 trades are just that.."Designations". They
are not nessasarily an order of the trades to be taken in.
Trade 1 is trade 1 or the first trade, but if trade 1 fails to
make its calculated target it is still valid and can be taken
after trade 2 is complete. Some days trade 1 and trade 3
will complete together after trade 2 is complete. Also
remeber that complete is only when any of the 3 trades
makes its profit target. If the trade is not "complete" it is
still valid if the parameters for entry as outline above are
met.

Take a look at the picture "examples 1 thru 7" inside the


System folder for a better visual understanding of the 3
trades. The best thing you can do after setting up your
charts is to watch the market each day until you begin to see
the daily price patterns. You will begin to see reversals and
continuations well before they happen and that will have you
making large pip gains and trading like a pro in a few weeks of
practice.

Please read the text file in the main folder


"MANAGING THE TRADE"
to further understand how to manage your position
sizes which is key to becoming a sucsessful trader.

(9) Adjusting indicator color and settings:


Each indicator can be adjusted (Color line type etc..) by
right clicking
on the indicator in the chart window and choosing
"properties".
Practice this on the "audio alert line" as I have the setting
set for NO alert
to be given in this set up.
Right click or put your mouse pointer on each indicator to
familiarize
yourself with the name of each indicator. No fear of
messing up the settings
as you have each of the charts saved and can just reload
the charts back to
the original if you mess them up. The indicator colors can be
anything you
want to change them to, but the sensitivity settings and
time frames are set
as my backtesting and forward live testing have showed
very good results as
they are set originally. You can left click any of the charts
and change the time
frames by clicking on the timeframe boxes for each chart
in the MT4 tool bar.
10) I would suggest starting small and testing the system a
little at a time
each day on the MT4 demo until you make consistant gains
before using a live
real money account. After that start with a mini live
account and keep your lot sizes small
like to .10 or .20 a pip until you get steady results week
after week.
Starting off trading at 1.00 a pip is a good way to drain your
account.
You might make a few good trades, but eventually you will
take a big loss and swear the
market is rigged.

SOME OTHER THOUGHTS THAT CAN HELP:

Real trading is very emotional so treat the demo as if it is


real and not just a toy or you
will create bad habits that will cost you when you do trade
live. Think about what you have
purchased as a hand grenade. If you use it and throw it in
the right direction and hit your target
then the tool worked as planned. On the other hand since
execution is the key to trading Forex,
if you use this tool improperly and you blow yourself up...You
can not say that the hand grenade
did not work. I say that only because I can not tell what the
level of understanding is for customers
of my system as far as the Forex market goes. But that
there is, just like with any tool, a need for
understanding how things work beyond the tools that you
are useing to get the job done.
This is a manual system and the execution of the trades and
money management and market
awareness is completely up to the user of this system. Just
because someone buys a pen that
does not make them a writter and someone who buys a
blender may not become chef and opening
a trading account online does not make you a sucsessful
trader. Forex is a very mental game.
But again if you use this system as a basis for your trading
decisions and to gain market awareness
along with knowing yourself, you should be able to obtain
your goals in the Forex market.
It can be done even when you think that it can not.

Study the set up and play with ideas and the whole MT4
platform.
Forex trading is tricky. Always consider that "They" are
trying to fool you.
"They" are because that is the name of the game.
Always think about how the brokers will try to catch the
most loosers and
do not become one of them caught up in a big reversal or a
fake out price move.

You hear how 90% of retail traders fail right? Well...90%


of The banks never loose.
They are just moving the money around. They keep it all in
their accounts
one way or the other. Brokers make up the 5% of highly
sucsessful traders
in the market. 3% are breaking even with many winning
trades, but giving it
all back with a few big losses. And the 2% left over that are
making a profit are
those traders that know their system, the market and more
importantly themselves.
But if you test this set up and Demo trade first and then
manage your position sizes
as you trade with a live account this set up will make you
money and build you account
day after day to keep you in that 2%.

Here are some helpful links to aid in your trading:

This link will help you in understanding the basics of support


and resistance.
http://www.babypips.com/school/support_and_resistance.h
tml

Always make sure to look out for economic data (News


releases)
that can move the market, at this link. **
http://www.forexfactory.com/ **

Here is a really cool news feeder that I run on my desktop.


** http://www.stock-
spy.com/return-tray.php **

It pops up ANY news that you feed into it. It cost like 30
bucks I think, but it works
great for stocks or Forex and is worth the money I think.

Also go to this link. **


http://www.dailyfx.com **

To pick up a really good news feed for it. There tech


anyalisis is very good and
will pop up in the corner of your PC if anything you should
know happens in the
Forex markets.

Multi monitors are not absolutely necessary, but is another


great tool to help in your trading.

I also have a setup on just 1 monitor on my laptop that I


trade with by the pool most often,

so trading well with just one monitor once you know your
system is very possible.

Here is the link for purchasing the software for setting up


multi monitors and so you can use
just one mouse and keyboard to control all of your monitors.
**
http://www.maxivista.com/multi_monitor.htm **

This link is for the software that enables you to move your
open windows to other screens
with just one lick instead of dragging them.
**
http://www.realtimesoft.com/ultramon/ **

Here is a link that will help you get all of your monitors
running togeather after you have
installed any nessasary video cards in your pc(s).
** http://www.multi-
monitors.com/SUPER_PC_Multi_Monitor_Computer_Setup_Instr
uctions_s/40.htm **

To find help on the actual hardware installation of video


cards if you do not know how to do that
go to the link below.
**
http://www.directron.com/howtovideo.html **

Forex trading is 5% knowing how the markets work and 95%


knowing yourself.
That is why 95% of traders fail. Patients is gold and greed
is for the 95%.

** GOOD LUCK WITH YOUR TRADING AND THANKS


AGAIN FOR YOUR PURCHASE!!! **

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