5 Steps To Win With GTMO Forex Signals
5 Steps To Win With GTMO Forex Signals
5 Steps To Win With GTMO Forex Signals
DISCLAIMER
The content in this guide is intended to be used and must be used
for informational purposes only. It is not intended as a substitute for
professional advice. Should you decide to act upon any information
in this guide, you do so at your own risk. It is very important to do
your own analysis before making any investment based on your own
personal circumstances.
1
INTRODUCTION
GTMO MUST-KNOWS
• HOW TO MAKE THE MOST OF THIS BOOK
• IMPORTANT TRADING CONCEPTS
2
• IMARKET ENTITIES
• TYPES OF TRADERS
• RISK MITIGATION
3
• HACK 3: OTHER PEOPLE’S MONEY (OPM): PROP
FIRM
• HACK 4: TRADE COPIER
SUMMARY
M
o is a seasoned Day Trader in the
forex world with over seven years
of expertise under his belt. With an
unwavering passion for empowering
others to achieve financial success, he has
helped thousands of individuals master the art
of trading and generate substantial profits.
EVERY
SUCCESSFUL
FOREX
TRADER HAS
A STRATEGIC
TRADING
PLAN.
5 Steps to Win With GTMO Forex Signals
HOW TO MAKE THE MOST OF THIS BOOK
Here are a few helpful tips to ensure you’re getting the most out of
this book as you complete the reading.
• Take it slow. Remember, you don’t need to rush this. If you get
through this book in a week, you’ve probably done it wrong.
• Study, then apply. Active learning is so different from real
learning. As you go through this book, not only do you need to
do the readings and assignments, but you should be actively
looking at the markets. Take in the information and try to apply
the lessons you learn in this book. In the real world, you will get
instant feedback, and this will solidify the lessons in your mind.
• Prepare yourself for lessons learned with low risk. Nothing
that’s worth having in life comes easy. This eBook is created to
exponentiate your success as a trader using the GTMO PROFIT
FORMULA
• Do not give up. Every successful trader is just an unsuccessful
trader who never gave up. Keep practicing, and you will eventually
get that.
• Do not do this alone. Just find one person. Both of you, together
on your journey to financial freedom, will make the learning process
that much easier and enjoyable.
• Focus on the 5 Steps to Win With GTMO Forex Signals in
chapter “”. Execute each of the action items following each
chapter.
• Answer every question in the “Forex Profit Strategy”. Once
you have completed the five steps, you will have a full execution
strategy. Answering these questions in detail will give you the edge
to be profitable.
N
ow, through my own personal experience and the experience
of all the extremely successful traders that I’ve spoken to, I’ve
taken four key concepts most people miss but are extremely
important to successful trading. These are misconceptions.
Most people don’t think that they are very important or look at them
the wrong way. Let’s review what these four misconceptions are.
Risk control:
I’ve deliberately used the word “risk control” and not risk management.
When people think about risk management, they normally just think
of using a stop loss or risking as little as possible. But this isn’t how
the most successful traders I’ve spoken to operate.
Some traders minimize risk and focus on small marginal gains. But
other traders wait for the perfect moment, like a sniper, to risk a huge
amount of capital for an extremely high probability of high-reward play.
In reality, the best traders can be right anywhere from 30% of the
time to 70% of the time. It is impossible to be right 100% of the time,
and the whole art of trading is working within that 30 to 70% to make
money, not look like an Oracle for social media.
Many gurus are out there trying to make you believe that you need
some sort of special indicator or extremely niche knowledge that only
they can give you in order to trade successfully.
I’m not saying trading is easy. It’s actually extremely difficult to have
great risk management and consistently strong psychology in order
to execute those trading strategies.
But if you follow the lessons taught in this eBook, your trading will
only improve.
T
here are numerous different types of players in the markets.
Below, you will see a sample of all of those who trade the
forex markets and are accounted for in the trillions of dollars
of daily trade.
FA will analyze the data of a given country and judge based on what
impact the currency, no matter how small or big.
⁃ Scalper trader
⁃ Intraday trader
⁃ Swing trader
Intraday Trader
Intraday traders will leave their position running less than 24 hours a
day before they close or realize their profits. Total targeted pips usually
roam around 50-100 pips.
Swing Trader
You must also decide what type of trader you want to be. If you’re
following me and using the five-step strategy in this eBook, then
you’re a Scalper leveraging Technical Analysis as well.
I
f you avoid large losses with strong defense, the winnings will
have every opportunity to take care of themselves. Large losses
are almost always caused by trying to make too much by taking
on too much risk. (Read that again SLOWLY!!!)
Many amateur traders have a fantasy belief that every trade and every
day has to be profitable to be a successful trader. However, the most
successful traders take losses. The losses are controlled, small, and in
smaller frequency than the wins. In other words, a successful trader’s
wins are larger and more often than losses. It’s okay to lose, but it
should be controlled within your strategy.Let’s take a deeper dive…
Have you ever seen traders make a seemingly large fortune from
an overall very small movement in the market and think: how is this
possible? That would be because of leverage.
The size of a position and the amount of risk it entails are not the
same. This is critical to comprehend; otherwise, nothing else will make
any sense. If my capital is $1,000 and I’m risking 1% per trade, my
losses will be limited to $10 ($1000 x 0.01 = $10) if my Stop Loss is
activated. In other words, if my Stop Loss is triggered, I will lose $10.
This does not imply that the size of my position is $10.
“Cut your losses short and let your winners ride” is a beautiful
forex mantra. However, many traders make a critical error by doing
the exact opposite approach.
Such traders decide to hold failing trades and turn them into an odd
“investment,” or they have an “it will come back” attitude. They’ll
also take profit too soon, which results in missing out on “potentially”
greater gains. Learning how to lose in forex is equally — if not more—
important than learning to make a profit. Both sides of the coin must be
baked into your strategy. Hence, the “5 Steps to Winning with GTMO
Forex Signals” dives into both sides of the coin.
Reduce your risk per trade if you’re not in the correct mental state
after a losing position and can’t cope with losses mentally. A few lost
trades should not deter you from pursuing trade setups with a high
probability of success.
Trade Chaser: “The trade must be going the other way. I’ll just buy/
sell in the opposite direction.”
It’s natural to think that if one is stopped out of a long (buy) position,
the price is more bearish (moving down) than expected and that if
one is stopped out of a short (sell) position, the price is more bullish
(moving up) than expected. This is not how it works; it simply means
the trade execution wasn’t correct. It doesn’t mean that you are wrong
about the overall direction.
Success Recap
Every successful trader has experienced most (if not all) of the
mindsets listed above. I’m sure you have and well. The truth is, I
have experienced all of those earlier in my trading career.
Because you are serious about making profit in forex, I want you to
complete the next exercise. MOVE FORWARD ONLY WHEN YOU
HAVE EXECUTED THE EXERCISE. IF YOU HAVE DONE THIS
EXERCISE OR A SIMILAR RISK MITIGATION EXERCISE… DO IT
AGAIN NOW.
M
indset: Risk mitigation is as important to Forex trading
as making profit. There is a tender balance between
wins and losses that yields a profitable outcome. Losses
will occur, and we should embrace and control them.
The best traders in the world have strong risk mitigation skills. These
risk mitigation mantras have helped me create a winning mindset
while trading. Read them aloud and embrace the wisdom. Dive in!
It’s Your Turn!
MASTER
LOSING SMALL
& WINNING BIG
CONSISTENTLY.
T
raders dream of having a high win percentage. Let’s break
down some trading statistics along with GTMO’s win
percentage to help you see a clear picture of how GTMO is
successful. Furthermore, let’s leverage GTMO’s success for
your success.
These types of winning forex signals are atypical for most but normal
for GTMO, and therefore, they can be normal for you as well.
I
t’s impressive seeing GTMOs
making 10k+ EUR profit daily.
The high win rate and the ability
to secure profit from your home is
a dream that can clearly become
reality.
If you want 10k now, you can certainly take it because you will have
money upfront. If you choose a penny that doubles every day for 30
days, then these are your results.
The scenario of a penny doubling every day for 30 days is often used
as a classic example to illustrate the power of exponential growth.
Here’s what happens when you double a penny every day for 30 days:
Day 1: 1 cent
Day 2: 2 cents
Day 3: 4 cents
Day 4: 8 cents
Day 5: 16 cents
Day 6: 32 cents
Day 7: 64 cents
Day 8: $1.28 (or 128 cents)
Day 9: $2.56 (or 256 cents)
Day 10: $5.12 (or 512 cents)
Day 11: $10.24 (or 1,024 cents)
Day 12: $20.48 (or 2,048 cents)
Day 13: $40.96 (or 4,096 cents)
Day 14: $81.92 (or 8,192 cents)
Day 15: $163.84 (or 16,384 cents)
Day 16: $327.68 (or 32,768 cents)
Day 17: $655.36 (or 65,536 cents)
Day 18: $1,310.72 (or 131,072 cents)
This simply displays that your initial funds, regardless of how large or
small, can become a very nice sum of money over time.
Let’s also assume that you start with $1000 in your live trading account.
As you can see, you do not have to have a large amount of capital to
make good money over time. You need consistency!
W
hen searching for the best Gold (XAUUSD) broker in
the forex market, there are several factors to consider
to ensure you choose a reliable and suitable broker for
your trading needs. Here’s a step-by-step guide to help
you find the best XAUUSD broker:
Trading Platforms and Tools: Ensure that the broker offers a user-
friendly and reliable trading platform, such as MetaTrader 4 (MT4)
or MetaTrader 5 (MT5). These platforms provide advanced charting
tools, technical indicators, and order execution capabilities.
With my experience of trading gold, I have traded with only the best
brokers that fit the criteria that I respect. Vantage has some of the best
gold spreads, and I place my trades through this broker. If you are in
the US, you cannot use Vantage because it is not a US-based trading
platform. For US traders, I suggest using Hugo’s Way for trading gold.
https://t.me/setupvantagemo
https://t.me/setuphugoswaymo
T
rading your own money before having a clear trading strategy
is not advised. Trading with a demo account is the best
course of action. More specifically, you can trade with a Prop
Firm demo account that will track your trades while prepping
you to trade using OPM.
Here are a few PERKS of using a prop firm
• You get paid after you pass two challenges. This can take months.
• Your money does not compound over time.
• You get paid every two weeks instead of having the ability to
withdraw instantly from traditional live trading.
Special Note
Although you may be trading a $200k prop firm account, the true size
of your account is only 5% ($10k) of the account size. You should trade
this account as if it’s a $10k account and not a $200k account size.
Y
ou have been provided with the suggestions to trade with a
live account on Vantage (or Hugosway if you are in the US)
or a prop firm account. Some of you have already asked
yourself, “Hmmm, I would like to trade with both accounts
at the same time to have another layer of risk mitigation.” This is a
sophisticated way to diversify your trading portfolio.
You can trade multiple accounts from one trading account using www.
socialtradertools.com .
Use this information at your own risk. I am not affiliated with a trade
copying platform. Do your own research to see which trade copy
platform works the best for you. This hack is used by a number of my
GTMO Elite Team members.
DISCIPLINE IS
A TRADER’S
BEST FRIEND.
W
hen taking signals from GTMO, you will need to know
the commands to follow along the signal management
process. As we know, during the month of August, there
were approximately 50 signals sent by GTMO, and only
two hit SL. That’s a stellar win rate! With proper signal management,
this can result in a great profit, or it can even result in zero profit if the
2 SLs are managed poorly. Let’s dive into the commands to follow
GTMO with winning signals.
1. Take Profit (TP): To take profit is to secure profit from trades that
are rolling in profit. With GTMO signals, TP1 is 20 pips away from
the initial entry. TP2 and TP3 are both 20 pips apart as well in the
profit direction from your initial entry. GTMO’s typical signal has
TP1, TP2, and TP3, which are 20, 40, and 60 pips away from the
first entry respectively.
2. Take Profit Open (TP OPEN): If TP Open is placed in a signal, it
means that GTMO’s analysis predicts that the trade will result in
profit rolling beyond 60 pips from the initial entry.
3. Stop Loss (SL): A Stop Loss is the point where the trade is no
longer probable to turn in the direction of profit. GTMO places
SL typically 50 pips away from the initial entry. At SL, the trade
probability of turning into profit has diminished. Cut loss at SL to
take the smallest possible loss for the trade before it gets out of
hand, resulting in a big loss. Be sure to respect SL and do not
continually layer.
4. Draw Down (DD): Draw Down is when you have a negative
balance amount for your trades that have not become profitable
at any given moment.
Now that we have defined the commands from GTMO’s Forex Signals.
Let’s move to Step 1 of the “5 Steps to Win With GTMO’s Forex
Signals.”
EVERY
SUCCESSFUL
TRADER HAS
A TRADE
PROFILE THAT
PROVIDES
CLARITY FOR
EACH TRADE.
5 Steps to Win With GTMO Forex Signals
STEP 1: TRADE PROFILE
B
efore placing a trade mindlessly, you want to put yourself in
the best position to become profitable while simultaneously
leveraging risk mitigation. This is achieved by having a Trade
Profile that will lead you through your trading strategy.
Trade Profile
1. Trading Type
2. Pair
3. Trading Session
4. Account Balancel
5. Max Lot
6. Strategy
7. Entries
Let’s dissect each segment of the Trade Profile and complete yours
to trade with clarity.
Trade Profile Defined
1. Trading Type: Because you are trading using GTMO signals, you
are using the same trade type as GTMO, which is “Scalping.”
Recall we have discussed this in a previous session. We trade to
take profit within 2 hours.
2. Pair: GTMO signals are predominantly Gold/XAUUSD. From time
to time, GTMO places trades for EURUSD and GBPUSD. We will
focus on Gold for the purpose of this exercise.
3. Trading Session: GTMO signals are placed during London and
New York trading sessions. It’s important to know your time period
for trading that flatters the signals you create or use from GTMO.
4. Account Balance: Determine how much capital you will be
trading. Your Max lots and layering strategy are dependent upon
the amount of capital you are using in the market. If you are using
a prop firm, recall you are using 5% of the amount of the account
size as your account balance. (For example, if you have a $200k
proform account, your account balayage is equal to the daily draw-
down amount. Hence, $200,000 X 5% = $10,000)
5 Steps to Win With GTMO Forex Signals
STEP 1: TRADE PROFILE CNTD...
5. Max Lot: Your max lot will help you layer the signal to maximize
profit and minimize loss. You can calculate
Here’s a simple formula to calculate lot size based on your risk:
• Max Lot = (Account Balance x Risk Percentage) X (.02)
• Account Balance: Your total trading account balance.
• Risk Percentage: The percentage of your account balance
you’re willing to risk. On average, people risk 1%-2% per trade.
Use whatever percent fits your risk profile. GTMO uses 4%-
5% per trade set. This is different from a single trade; it is a
series of trades used to effectively layer instead of placing a
single trade.
TRADE PROFILE
EVERY
WINNING
SIGNAL STILL
NEEDS TO BE
MANAGED
TO SECURE
PROFIT.
5 Steps to Win With GTMO Forex Signals
STEP 2: ENTRY−THE SIGNAL
U
pon receiving a GTMO signal, we will use Effective
Layering using our Max Lot across a set number of Entries
that makes us the most comfortable. All of these inputs can
be found in our trade profile. Let’s start by reviewing the
following:
SL: 2026.50
TP1: 2019.50
TP2: 2017.50
TP3: 2015.50
1. Sell Now 2021.50 - 2024.50: This tells us how and where to start
and stop selling using our Max Lot and Entries. Start with smaller
lots and increase the lot size within the maximum lot limit inside
the 30 pip range “2021.50 − 2024.50” (The distance of 3 units =
30 pips)
2. SL: 2026.50: This represents the “Stop Loss,” where we will cut
loss if Gold reaches this price.
3. TP1: 2019.50: This represents the first “Take Profit,” where we will
secure some profit or hold to the next TP2 or TP3.
Effective Layering entails using your Max Lot and distributing it across
30 pips. The 30 pips is the standard distance from the initial entry on
the signal for the expected reversal. Once you input lots, you want to
start with a smaller lot and slowly increase the lot size as you place
trades across the 30 pips. The term “ENTRIES” in your Trade Profile
determines the amount of trades you will place by splitting your Max
Lot across the 30 pip range.
Let’s use the example GTMO Signal with an example Trade Profile.
TRADE PROFILE
SL: 2026.50
TP1: 2019.50
TP2: 2017.50
TP3: 2015.50
See the example below of Effective Layering using the GTMO Signal
and Trade Profile.
In the figure above, notice that there are 4 Entries (0.5, 0.5, 0.5, and
2.5) above that split the Max Lot of 4..
TRADE PROFILE
Special Note:
1. You should increase your lot size as the gold price moves closer
to the back of the 3 unit/30 pip range. This will enable you to lose
slowly but make profit fast.
2. Stop placing lots after 30 pips.
3. Use the next two steps to maximize profit and minimize loss with
the example signals.
EVERY
WINNING
SIGNAL STILL
NEEDS TO BE
MANAGED
TO SECURE
PROFIT.
5 Steps to Win With GTMO Forex Signals
STEP 3: EXIT TP−HOLD EM
I
n step 3, we will focus on maximizing profit while executing GTMO
Signals. Statistically, GTMO Signals are profitable 85% of the time.
That’s far above the normal win rate (50%-60%) of a successful
trader. With GTMO’s high profitable win rate, it’s important to hold
winning trades longer than you layer and hold going back to SL. Let’s
study profit hacks and how we can manage trades for more profit
instead of missing out on profit.
Let’s review the GTMO Signal and the TRADE PROFILE to apply a
couple profit hacks to:
The Original Setup has 4 Entries, and the New Setup has 17
Entries.
1st entry: 0.5 lot (2021.50) ------------> 4 entries: 0.125 lot (2021.50)
2nd entry: 0.5 lot (2022.50) ------------> 4 entries: 0.125 lot (2022.50)
3rd entry: 0.5 lot (2023.50) -------------> 4 entries: 0.125 lot (2023.50)
4th entry: 2.5 lot (2024.50) -------------> 5 entries: 0.5 lot (2024.50)
Q: How can we maximize more profit on the right than on the left?
A: As your trades run in profit, you will be able to close half while you
roll into profit. The remaining trades will be set to BE+. Because you
have multiple entries, you can continue to take profit as the trades
move along.
For example, If you have $500 running in profit, you can hold and
close at a number where you’re comfortable taking profit. Let’s say
that is $200; this allows the trade to pull back yet still continue to move
toward Higher TP’s.
When your trades become positive, it’s your duty to not let the trades
become negative without closing your trades. This is called a “Risk
Free Trade”. If you follow this rule, you will avoid losing money at a
high rate.
When you’re closing your trades on MT4, make sure your trades are
in order of worst (most negative) trades to best (most positive) trades,
starting from top to bottom. You can change the direction of the best
to worst by clicking the column labeled “price” if the worst trades are
not at the top.
When you accomplish closing your worst, you are now letting your
bigger trades that are the furthest away continue to become more
profitable. Hence, this is why GTMO says, “Hold Your Best to BE.”
While having more entries in your risk-free trade and holding your
best to BE, you are now in a healthy risk-mitigated trading position.
FOCUS ON
NOT LOSING
INSTEAD OF
FOCUSING ON
MAKING THE
MOST MONEY.
T
aking losses is an art and a major part of an expert trader’s
winning strategy. It’s more than okay to lose. Keep in mind that
“A small loss is a big win.”
Recall that GTMO’s Signals traditionally have an 85% win rate. Taking
a look closer at recent statistics during the month of August, 80% of
trades only traveled 30 pips before reversing into profit. That means
that when a trade gets beyond 30 pips, the probability of the reverse
diminishes. Mentally prepare yourself to take a small loss if you find
yourself in this position.
Successful traders typically have a 50%-60% win rate, yet they still
find themselves profitable. That means that the wins are simply larger
than the losses. Your goal is two-fold:
2. Your Risk to Reward ratio should favor winning larger profit than
the loss you take at SL.
When a GTMO Signal is selected, it’s created such that the trade is
expected to reverse within 30 pips. This is why it’s in your best interest
to use effective layering only within the 30 pip range. After the 30 pip
range, we enter the “Grace Period”. There should be no additional
trades entered. Gold will either run to profit, or you can get out a SL.
Since you have not over-layered, the SL should be fairly small.
USD Red News Folders are the most volatile period of the day for
Gold. If you decide to trade during the news with a trade set open,
you are putting yourself in a risky situation. It’s wise to close trades
prior to the news. Due to slippage, cutting loss at SL is difficult during
the news because the price is extremely volatile. Consider avoiding
the news or trading after the news is over.
Be aware if you have a trade set open upon the NY Open. Volume
picks, but GTMO Signals typically move in the direction of the trend
that the NY Open enhances. Be prepared to take an SL if the NY Open
pushes a trade against you and moves to your SL.
Above all, GTMO Signals have a stellar win rate. No one likes losses,
but because losses do not happen often, traders following GTMO
Signals tend to assume that the trade will reverse at some point. This
results in over-layering and large losses. Stay disciplined leveraging
all the hacks above. Happily take SL when it arises because a small
loss is always a big win.
ONCE YOU
HAVE A CLEAR
TRADING
STRATEGY,
WINNING IS
BASED ON
HOW WELL
YOU MANAGER
YOUR
EMOTIONS.
5 Steps to Win With GTMO Forex Signals
STEP 5: MANAGE EMOTIONS & REPEAT
M
anaging emotions while trading forex is crucial for
success in the markets. Emotions can lead to impulsive
decisions, which can result in significant losses. Here are
some strategies to help you manage your emotions while
trading forex:
Risk Management:
Take Breaks:
Utilize Automation:
W
e (My team and I) want to thank you from the bottom
of our hearts for always believing and supporting us
every single day. We are sure that this eBook will be a
great step towards a better trading future.
Show up every day; apply the principles and steps you have learned
from this eBook. Immediately execute the “5 Steps” strategy. This
eBook helps you trade with the assistance of a master trader. That’s
a tremendous blessing! However, make no mistake; It is your job and
duty to continually hone your craft with trading. As you go through your
journey and learn more and more, you will reach your trading dream
life. That same dream trading life is my reality, and now, it’s Your Turn!