Upload
hacene-azzouz
View
10
Download
0
Embed Size (px)
DESCRIPTION
Currency Strength Chart
Citation preview
FXCORRELATORFREETradingsystemHeyall!Many,manythanksfortryingthisFreeintroductorysystemitsfreshandinnovativeapproachtoindividualG8currencyanalysismakesitaspowerfulatoolasanythingIve(personally)everseenoutthereintheTradingcosmosandwithsomepractice,experimentationandapplicationitshouldprovideyouwithaprofitabletradingsystemforyearstocomeandperhapsalifetimeintroductiontousingstrengthmetertradingtools.Ifyouarekeentodevelopyourtradingfurther,Ibelievethissystemwillalsowhetyourappetitefortryingmoreadvancedsystemsandtradingmethods(seelater)theinnovativeFXCorrelatorhaslimitlesspotentialonceyoucanunderstandandobserveForexmarketbehaviorinthisuniqueway.Ifyougetachance,doreadthroughmyT2WThread(thatisstillgoingstrongasIpublishthissystemguideinMay2012......orgotomyWebsiteFXCorrelator.comformoreinformationwhereitshowstheevolutionofthissystemandgeneralstrengthmetertechnologythateverythingisbasedon
TheFXCorrelatortrulyBringscurrenciestolife!AsyouareprobablyawarebynowifyoureadmyT2Wthreadmylifeneverhasenoughhoursintheday(whosdoes?)soIamafrustratedparttimeTradingsystemdevelopertryingtotransitionacrosstofulltimeprofessionaltrading(andteaching)alongsideaveryfulltimejobandotherfamilycommitments.Mytimewillcome,andyourswillonedayifyouhavethefocus,beliefandcommitmenttodoit..Whoknows,perhapswewillmakeitatthesametime!OvertheyearsIhavedevelopedmuchmoreadvancedHybridsoftheFXCorrelator,andthesemaybemarketedbymycompany(FXCorrelatorLimited)inthefuture,incorporatingtheincrediblyinnovativeWorldofstrengthmetertechnologyandmarketanalysissomethingIbelieveisarevolutionarywaytoviewandtradetheForexmarketpleasecontactmewhenyouwanttotakethatnextstep.Iamalwayshappytocollaborateonideassocontactmeforachat.........especiallyifyouareaprogrammerasIamnotaspecializedprogrammerandalwaysneedhelp!MeanwhileifyouhaveanyquestionsatallpleaseemailmeatFXcorrelator@gmail.comorpostontheT2WThreadandsomeonewillcomerunning.SowithoutfurtherdelayletsgetyoufiredupandusingtheFreeIndicatorandsystem!BestregardsNeil(NVP)Oopsherestheseriouslegalstuff.payattentionall:
TradingcarriesahugedegreeofriskandisNOTforAmateursonceyoustartTradingwithrealmoneyyoumusthaveaProfessionalapproachinallareasoryouwillfailInloadingtheFXCorrelatorindicatorsyouareagreeingtoallofthelegaldisclaimerspostedontheT2WFXCorrelatorThreadTermsandconditions.WetakenoresponsibilityforanylossesincurredusingthisinformationorrelateddocumentationDonotreselltheindicatorsortheinformationcontainedinthispublication.Pleasecontactmeifyoufindanythingbeingsoldandwewilltakeappropriateaction
1)SystemRequirements
AnydecentmodernPCorlaptopwilldothetrickthemorememorythebetter Internetaccessforthefeeds(Iwouldadviseasecurecablelinkforlivetrading/feeds) Metatrader4softwareinstalledonyourmachine(thissystemisavailableforMT4platformonly) AbrokerfeedfortheMT4livedata(wecannotrecommendanyonebutNVPpersonallyusesODLwhichis
nowownedbyFXCM).Itispossibletousefreefeedsbutthismayrequirereloadingthesoftwareeverymonth,soitsbettertosignuptoaliveaccountanddepositminimalfunds.Thiswillgiveyouanuninterruptedservicegoingforward.AskonT2Wifyourenotsurewhotouse.
ContactmeatFXcorrelator@gmail.comwithanyqueriesontheaboveifneeded2)TheIndicatorandloadinstructionsOkwearegoingtoassumeyouhaveaniceshinyMetatrader4platformupandrunningonyourcomputer(see1above)anditsonabrokerplatformthatwillprovidethefeeds.Thefirstthingweneedtodoisloadupthenewcustomisedindicatorsyouwillbeusing.Hereshow(pleaseskipthissectionifyouknowhowtoinstallindicatorsforMetatrader)WhennavigatorisopenYouaregoingtobecopyingthemintothecustomindicatorfoldershownbelow
locatethefileembeddedinthepostthisisattachedtoandcopyitovertothefolderareaaboveorhereitisagainwiththefulladdressIhaveinmylaptop
ColourkeytothesystemUnlessstipulatedseparatelyintheIndicatorthefollowingcoloursapplyGreen=USD,Yellow=Yen,Blue=Euro,Red=GBP,LightBlue=NZD,Orange=AUD,Brown=CAD
FXCorrelator20maSystemTemplateneeded:1)FXCorrelatorona20maplacedonaUS30(Dow30)chartInstructions:loadaUS30(Dow30)chartontoyourplatformsetitto1HrAdda20SMA(andbandsusingthemasettingifyouwanttogaugethestrengthofthe20matrend)
NowloadintheFXcorrelatorindicator(intheThreadPost)andsetiton20ma
RULESThesystemisverysimplebuteffective..onlytradewhen1)TheyellowyenandGreenUSDareabovetheZeroandtheDowisbelowits20ma2)TheyellowyenandGreenUSDarebelowtheZeroandtheDowisaboveits20maIwouldrecommendyouonlytradeUSDpairsandthetradingpartnertotheUSDisuptoyou.....thissystemprovidesanedgetogiveyouthepredictivedirectionoftheUSD!
PersonallyIwouldalwayschoseacurrencythatisontheoppositesideoftheZerototheUSD.....sointheexamplebelow(buyingUSD)theoptionsofsellingtheCHF,EURO,AUDandtheNZDatentrypointareshownbelow:
AndheresanearliersignalsellingtheUSDbelowwithjusttheAUDandNZDonofferatsignal:
OtherbitsandpiecesAddingmoreRulesThisisaveryverybasicintroductiontotradingstrengthmetersandusingmarketcorrelationprinciples......itsthetipoftheiceberginmyworld...andmyjourneycontinuesintakingtheseapproachestothelimits...weareeternalstudents!Onceyougettherulesandplayalittlefeelfreetoexperiment....Iwouldsuggestyoufocusonthefollowing1)Varythemasetting2)Combinemultiplecharts(use2or3settingsforconfirmation,multipletimeframes......etcetc)3)Observedynamics/behavioursoftheG6currencies(nonUSDorYEN)togiveanedgeincurrencypairchoice4)addbandingstogetabetterfeelingforpricemovementstrengthandmomentum5)PerhapsignoreMAsandmovetopriceactionprinciplesonthechartsusing500+masettingsADDENDUMRULESaddedin2013NotethatifyouwanttogeneratemoresignalsandbeinthemarketmorethenIsuggestincorporatingthefollowingamendmenttothestandardrules:
1)IftheUSDandYENareontheSAMEsideoftheZerolineTRADETHEM.regardlessoftheDOWsposition2)ifthe2CurrenciesareonopposingsidesofthezerothenusetheDOWtodecidewhatcurrencytotrade:a)ifDowisAboveitsSMAtradethecurrency(USDorYen)thatisbelowtheZEROlineb)ifDowisBelowitsSMAthentradethecurrency(USDorYen)thatisAbovetheZEROlineandinthesecasesitisquiteacceptabletoTradeUSDJPYasapairtrade.asthevolatilityofthemovecouldbemoreprofitablethatotherpairsonofferAllofwhichmustbealignedtogoodbasictradingprocessesregardingmoneymanagementandobservationofallcurrentEconomicnewsandeventsthatwillbemovingthemarketTimeZonesMyobservationsarethesameasmosttradersonthissolookforactiveperiodswhenothermarketsareinfullswingandpreferablytheUSortheEuropeansessions.FormeintheUKIwouldalwayslooktobeactivefrom7amto11amish,thenletthemarketssettleintotheUSopeningbeforetryinganafternoonsessionaswell.EveningsessionswithUSmarketsareperfectlytradableasUSequitiesarekeytomovingmarketsInterestinglyformewhenIpostmymorningovernightposts(T2W)IalwayscommentontheForexmovementsvs.FarEasternmarkets,andtherearemanyoccasionswherethetagteamhavemovedsmoothlyinresponsetomarketrisesorfallsallowingsomelovelytradesalluninterruptedbyEuropeanandNorthAmericaneconomicnewsreleasesthatplaguethemorenormaltradinghours.WatchhowcurrenciesbehavewhentheyarenotintheirownrelativeTimezonemarketopenperiods,itisfascinating.Forexhoweverisa24/7business(exceptformostoftheweekend)sotradewhenyouwant!TimeFramesTheFXCorrelatorsystemsworkinanytimeframe,howeverthe1hrandhighers/bemoreconsistentlyprofitableEntryandExitlevelsInalloftheindicatorsIuseitisimportanttowaituntilthepricebarclosesandconfirmsthesignalyouarewaitingfor.TheFXCorrelatorisverysensitiveespeciallyonthelowerTimeframes!Youwillfrequentlyseethecurrencylinescrossthezerolevelsandeachotherduringthetimebarsduration,onlytofallbackandwithdrawfromthesignalwhenthebareventuallycloses.ThisisthenatureofALLsignalsandyouwillseethisinanypairchartorindicatorsobepatientandletitclose!(SometimesIdontwait,andIwinorlosebasedonmyimpatience!)Yourmoney,yourchoiceRegardingExitpointsfortrades?Youwillseenothinghereregardingmyadviceonthis,why?BecausewhateverIsayyouwillprobablyfindtheoppositewillhappenonthenext3tradesyoutake!SeriouslyIcouldwriteabookonexitstrategies,becauseformanytradersitsevenmoreimportantthantheentrypoint.Forscalpingthatsrelativelyeasy,pickyourpairsyouregularlytrade,workoutthe1min/5minATRsforthescalpsyouarehunting,andafterentrybereadytothenexitonthepriceachievingthesetargetsbeforethemarketinevitablyretraces.ThesystemdescribedaboveneedspracticeandWILLprovideexcellententrysignals.Remembertheydemandcurrencylinestobeabove/belowcertainlevelstoinitiatethetrade,soonceyouareinthetradekeeponeeyeonthepairchartbeingtraded(naturally!),butalsokeepansecondeyeontheindicatorthatgotyouin,andifthatindicatorstopsregisteringthesignalthatgotyouintothetradeTHATISAWARNINGTHEPARTYMAYSOON
BEOVER!.....socertainlytightenstopsatthispointorevenejectinascalpsituation.Icannotteachyouthis.itscalledexperience,sopracticepracticepractice!MoneyManagementandLeverageHeycmonwearealladultshereright?Justdontbestupidwithyourtrading(orGamblingwhateveryouwanttocallit).IgrewupinafamilyofUKBookmakersandhavewatchedfartoomanygamblersloseeverypennytheyhad(andmore)andspendtherestoftheirdays(someshorterthanothers)inmiseryanddespair,destroyingfamiliesandotherlivesalongtheway.HoweveryouwanttotreatyourTrading,assoonastherealmoneystartsbeingtradedyouhavetotakefullresponsibilityforallyouractionsandplaytowinatalltimesasaprofessionalTrader.
YoustopbeingaAmateurwhenyouputrealmoneydown.Everytimeyoutrade(havingtakeneveryprecautiontoensurethesignalispureandcorrect)youstillneedtorealizethateventhegreatesttradersintheworldlosemoneyonfailedtradesonafrequentandregularbasis.Itspartofthecostofdoingbusiness.Likerestaurantshavealotoffoodpreparationwastage,youcantavoidit,butyoucancertainlyensureitskeptittoaminimumatalltimesthroughgoodprocessesandrigiddiscipline.
PleaseensureyouaretotallyproficientandcomfortableontheparticularFXCorrelatorindicatoryouareusingbeforetradingrealmoney
Dontoverleverageyouraccount(donttradewithrealmoneyuntilyouunderstandwhatthehellIamtalkingabout)andIwouldsuggestusing2%ofyourBank(themoneyyouhaveallocated/writtenofftotradingfullylosable)toeverytradeyoudo.Dontgradeyourtradesandallocatemoneyaccordinglyasignalisasignal,sowhatthehellareyoutakingalessthantopgradesignaltradeforanyway?MyCorrelatorindicatorandanyderivatives(whenusedproperly)isdesignedtogiveyouthebestchanceofselectingacurrencymovingupwardsandalsoonemovingdownwards.AsIhavementionedbeforeinmyT2Wthread,allIneedtodoisgetjust1currencydirectioncorrect(andespeciallyifitisthemoreVolatilecurrencyofthepairchosen)toensureIdontloseonthetrade.Thisequatesoveralltomy(pureG8Forex)tradestargetinga25%chance(orlesswithexperience)oflosingonanytradetaken.Combinethe2%of(cumulative)bankpertradewiththispercentageaboveandyouwillmakesteadyprofitswithexperienceandpractice.
TradingcarriesahugedegreeofriskandpleaserefertomylegaldisclaimersonallFXCorrelatordocumentsandIndicators.
YourJourneystartsInthefewpagesaboveIveonlyjustscratchedthesurfaceondemonstratingwhatthisamazingindicatorandfamilycando.MyjourneycontinuesinfindingnewwaystomakethisIndicatoraprofitabletradingtool,andIwouldloveyoutojointhefamilyperhapsdiscoveringtradesandsignalswhicharestill(asyet)hiddeninsidetheFXCorrelator.OkallImgoingtohavetogonowyouknowhowtocontactmeandmyteamatFXCorrelator@gmail.comonanyquestions.Butpleasereadthewholeofthisdocumentafewtimestounderstandwhatshappening,plusreadthemegathreadatT2Wformorebackgroundknowledge.Themoreyoupracticeandeyeballthechartsthemoreyouwillunderstandwhatishappeningandthefantasticwaytheseindicatorspresentrelevanttradingdataandsignals..theFXCorrelatortrulyBringscurrenciestolife
BestregardsNeil(NVP)
DEDICATIONIwouldcertainlynotbeinvolvedinTradingwithouttheinfluenceofachildhoodspentinacloselovingfamilywheremyFatherandGrandfatherwereveryastuteandsuccessfulBookmakers(andalsoprofessionalgamblersforalongandprofitableperiodinthe60sand70s)Thegamblingindustryisinmyblood,andalwayswillbe..Sadlyallofmylovingfamilyarelongdepartednow.....GodBlessandIthinkofyoualleveryday