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TRIPLE PROFIT WINNER User Guide March 2014 http://www.tripleprofitwinner.com 1

TRIPLE PROFIT WINNER - MQL5 · Triple Profit Winner software package includes: - Brand New 2014 FX trading algorithm, which makes your trades 3 times more accurate and safe - Helpful

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Page 1: TRIPLE PROFIT WINNER - MQL5 · Triple Profit Winner software package includes: - Brand New 2014 FX trading algorithm, which makes your trades 3 times more accurate and safe - Helpful

TRIPLE PROFIT WINNER

User Guide

March 2014 http://www.tripleprofitwinner.com

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DISCLAIMER

Please be aware of the loss, risk, personal or otherwise consequences of theuse and application of this book’s content. The author and the publisher arenot responsible for any actions that you undertake and will not be heldaccountable for any loss or injuries.

U.S. Government Required Disclaimer - Commodity Futures TradingCommission Futures and Options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading software or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCERESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUALPERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENTACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEENEXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVERCOMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKETFACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADINGPROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR ISLIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

No representation is being made that any account will or is likely to achieveprofits or losses similar to those shown. In fact, there are frequently sharpdifferences between hypothetical performance results and the actual resultssubsequently achieved by any particular trading program. Hypotheticaltrading does not involve financial risk, and no hypothetical trading record cancompletely account for the impact of financial risk in actual trading.All information on this website or any e-book purchased from this website isfor educational purposes only and is not intended to provide financial advice.Any statements about profits or income, expressed or implied, do notrepresent a guarantee. Your actual trading may result in losses as no tradingsoftware is guaranteed. You accept full responsibilities for your actions,trades, profit or loss, and agree to hold Triple Profit Winner and anyauthorized distributors of this information harmless in any and all ways. The use of this software constitutes acceptance of my user agreement.

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COPYRIGHT

This book and software cannot be re-written, re-published, STORED ORLINKED AT ANY FILE SHARING SITES or FORUMS or used for any otherbooks without proper referencing without permission. The use of the book and software is limited to your personal use only. Spreading out the copies without paying for them is illegal and protected by international copyright law.

Copyright © 2014 www.tripleprofitwinner.com

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Introduction

Thank you for your purchase of “Triple Profit Winner”

This is a great buy/sell signals indicator, which works based on 3 highly advanced complex trading algorithms, each filtering signals of one another!

This is an example of some trading signals generated by "Triple Profit Winner"

Triple Profit Winner has been released on March 2014. This indicator is using the most up-to-date trade confirmation technology. No wonder it can easily be called the most reliable and safe trading tool of the last couple of years.

Triple Profit Winner generates 3 signal lines to inform you of changes in trend behavior. I will explain how to interpret the lines colors further down.

The amount of signals depends on which timeframe you are using. Lower timeframes such as M5 or M15 will give you more signals, but if you use higher timeframes H1 or above, you can expect less signals but with much higher profit. It all depends on what trading style suits you the most.

Also, the change of a trend almost always means that there will be a new trading signal. If the price is going in a specific direction the signal will only be generated when it's going to reverse. This lets us make maximum profit from each trade.

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Triple Profit Winner software package includes:

- Brand New 2014 FX trading algorithm, which makes your trades 3 times more accurate and safe

- Helpful info-box displaying important information on your charts.

- Step-by-step user's guide with trade examples and explanation on how to use Triple Profit Winner indicator.

- "I will help you promise" from the developer. Email me with any questions, I am always here to help you with anything. Your success is very important for us.

Congratulations! You are the lucky owner of a complete Triple Profit Winner software package!

You can achieve some amazing results with Triple Profit Winner. Just learn the basics explained in this guide and remember to always follow the rules. If you do so, your profits could soon go through the roof!

It's extremely important for you to fully understand how Triple Profit Winner works. Read this guide carefully, it has a lot of important information that could greatly improve your trading experience.

Please try using the indicator on a demo account first. Only move to trading with it on a live account, once you are completely familiar with Triple Profit Winner and know the simple rules on how to use it correctly for maximum gains.

Do not hesitate to contact us if you have any questions!

We wish you a great trading success!

Karl Dittmann’s Trading Team www.tripleprofitwinner.com

Installing the Indicator

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IMPORTANT: Make sure to update your MT4 to the latest build (build 600).Triple Profit Winner is designed to give you best results and to work properly only with the latest version of MT4 platform.

If you don't have MetaTrader ® installed, please download it from this link:http://www.alpari.co.uk/files/site_uk/000software/MT4_set_up.exe

Follow the instructions and open a demo or real account. We recommendtrading the indicators on demo account before proceeding to real accounts.

Unzip the zip file that you have downloaded :

The indicator file name is: TripleProfitWinner.ex4The user’s manual file is: TripleProfitWinner.pdf

MT4 Build 600 installation instructions:

Step 1:1) Open your MT4 platform2) Click File — Open Data FolderHere you will find a folder called MQL4, this is the new “home” for all your .ex4 or .mq4 files you have3) Open folder MQL4. Here you will find Indicators folderCopy your Indicator (ex4 or .mq4) files into MQL4/Indicators folder.Do this by right clicking on the file and clicking “copy”4) Restart your MT4

If you have any difficulties, please contact our technical support and we will help you as soon as possible.

Step 2: Open the MetaTrader® platform, and click on View -> Navigator.

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You can also press CTRL+N.

Click on 'Navigator'

Step 3: A window titled 'Navigator' should appear. Click on Custom Indicators.

The Navigator

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Step 4: You should see the TripleProfitWinner in the CustomIndicators folder. Double click on the Triple Profit Winner and click OK toload it onto your chart. If you need any assistance, please contact our technical support team.

Informer

For your convenience Triple Profit Winner has a simple, yet very helpful informer that will help you throughout your trading. It's located in the upper left corner of you charts. Here is how it looks.

The informer shows the current pair, timeframe, time left until current candle will close andcurrent time.

Also, Line (1,2,3) Signal showthe current signal for each of the 3 signal lines used in Triple Profit Winner. Don't worry I will explain how they work in a little.

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IMPORTANT RULES - How to use the signals

IMPORTANT RULE FOR TREND TRADING: Do not use the indicator on a flat market! Use the indicator ONLY atactive market hours – for example London session, US session.

Trend will not be noticeable on a weak market (night time, Christmas period, other holidays etc…) keep reading and I will explain everything ...

Rule #1

- Identify a current trend. (Remember? Trend is your friend?)- Ignore all signals against a current GLOBAL trend!- Try using the informer to find out how strong the current trend is.

Example:

Trend is up – but you get a “sell” signal (Ignore it and wait for a “buy” signal to enter)

This is the most important rule, if you follow ityou will have almost no losing trades at all.

Rule #2

The next highly important rule: Do not trade and do not use theindicator on a sideways trend. This is a “MUST follow” rule.

If you DON’T follow or ignore the rules above – good results are NOT guaranteed!

Stop Loss

Place your stop loss according to the popup alert SL.In most trades stop loss is calculated with this formula: Previous bar high or low + extra number of pips.

You can adjust the SL extra number of pips in the indicator INPUTS.

IMPORTANT: Set stop loss for ALL your trades and DO NOT deviate from it.Once the trade has touched your stop loss, be disciplined and close the trade.This will protect you from major capital losses.

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Entering Trades

The Triple Profit Winner © generates a signal when all 3 of the signal lines come into an agreement. The rule explained below will help you to understand use the signals correctly.

A long (buy) signal is only valid when all 3 of the signal lines are "blue", "green" and "pink" at the same time.

A short (sell) signal is only valid when all 3 of the signal lines are "yellow", "orange" and "red" at the same time.

To make sure you fully understand the rule given above, please go through the in-depth long and short trades explanations shown below.

In-depth Long Trade Explanation The Triple Profit Indicator generates a long (buy) signal when all 3 of the signal lines are "blue", "green" and "pink" at the same candle.

As shown on the screenshot to your left, on the 1st candle the blue line starts, but there are no green and pink lines yet. This is not yet a valid long (buy) signal. On the 2nd candle however, the green line starts, while the blue line keeps going.

On the 3rd candle, the pink line starts,while blue and green lines keep going.

Since all 3 signal lines are now in a total agreement, (blue, green and pink) the long (buy) signal on the candle "3" is 100% valid and we can safely exit our previous short (sell) trade and enter the new (buy) long trade. In-depth Short Trade Explanation

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The Triple Profit Indicator generates a short (sell) signal when all 3 signal lines are red, orange and yellow at the same candle. Once again, the screenshot to your right focuses on 3 candles.

On the 1st candle the red line starts, but there are no yellow and orange lines yet. We need all 3 signal lines to be red, orange and yellow for this signal to be valid, so we don't do anything yet. On the 2nd candle, the orange signal line starts, while the red signal line keeps going.

On the 3rd candle, the yellow line starts, while red and orange lines keep going.

Now, all 3 signal lines are red, orange and yellow, which means they are in a total agreement. Right now, the signal becomes 100% valid and we can safely exit our previous long (buy) trade and enter the new short (sell) trade.

Exiting Trades

Option 1

Exit trades when the Triple Profit Winner issues the opposite tradingsignal. This ensures that you trade with maximum profits and right before the market is expected to reverse.

If you enter on a buy signal (blue, green, pink) - exit as soon as a sell signal is generated (yellow, orange, red).

If you enter on a sell signal (yellow, orange, red) - exit as soon as a buy signal is generated (blue, green, pink).

Important Note: You should NOT enter/exit when only 1 or 2 signal lines give the correct color. All 3 signal lines must be in 100% agreement for a signal to be valid.

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Enter/exit buy only when all 3 signal lines are blue, green, pink.

Enter/exit sell only when all 3 signal lines are yellow, orange, red.

Option 2

Exit trades according to the popup alert TP number.

Remarks: You can adjust TP and SL levels depending on your trading style. This can be done at the indicator inputs.

Option 3

Another exit mechanism which is highly effective is to exit near strong support or resistance levels. It is a method that generates exits earlier, so you take profits early.

Time Frames and Pairs

- 15 min, 30 min, 1 hour, 4 hours

- All major pairs

(Try it on EUR/USD, GBP/USD and USD/CHF 15 minutes or 1 hour especially)

Signal Popup Alert Window:

Alert Buy/Sell signal @ price - current entry priceTakeProfit – take profit levelStopLoss – stop loss levelX minutes chart - timeframe

Input Parameters:

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All the Inputs are ready to use/trade by default. You don’t have to change anything.

If you wish you may change the sound (aAlerts) and email (EmailOn) alerts to true/false.

The most important indicator inputs are SignalPeriod(1,2 and 3). I highly recommend you DO NOT change these settings, as they work based on a very complicated specially adjusted trading strategy.

Stop Loss and Take Profit (aStop_Loss and aTake_Profit) – preset extra number will be added to the previous bar high or low and displayed in your popup alert. I also highly recommend to use the default values for SL and TP, however you can change them according to your personal preference.

You can also change color of buy/sell signals for all the 3 signal lines. The inputs responsible for this are Line1,2,3 Up and Line1,2,3 Down.

In the very bottom of the input parameters, below the color settings, you can find an input called Corner. It's set by default to 0. This input is responsible for moving the info box in any of the corners of your trading chart. 0 - upper left corner, 1 - upper right corner, 2 bottom left corner and 3 bottom right corner.It's useful to change this input when the info box is coming on top of the price and makes the signals hardly visible.

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-----------------------------------------------------------*NEW* Special offer for V.I.P. members only

Highly recommended by Karl Dittmann:

"Premium FX Scalper" Exclusively for members (Super Profitable Scalping Tool)

Try it 100% Risk Free by visiting the link below:http://www.tripleprofitwinner.com/pfsspecialvipoffer.php

The very best Scalping Indicator ever!TRADE JUST AN HOUR A DAY! PERFECT FOR BUSY PEOPLE!

Attention: this indicator is a totally different product and hasno connection of any type with “Triple Profit Winner”

-----------------------------------------------------------

EMAIL alert setup:

Setup your metatrader4 to send email:

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Email alert is already activated in the Triple Profit Winner INPUTS, all youhave to do is setup your own mail server info…

Email setup can be done in: Tools => Options => Email

If you need more info on how to setup an email alert, go to youtube.com andsearch for ”mt4 email setup” there are plenty of free video samples.

Recommendations

Try to use the indicator ONLY during ACTIVE market ONLY!

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Do not use the indicator on a weak/slow market – outsiderecommended trading hours ( London or US sessions ).Signals never work well on a weak market, this has beenproven many times…

The London session is the largest market and opens at 8.00GMT or 3AM ESTand closes at 17.00 GMT or 12 PM EST.

Trading is best between 7.00am GMT and 10am GMT.

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The New York session opens at 13.00 GMT or 8 AM EST and closes at22.00GMT or 5 PM EST.

The best trades occur in the first 2-3 hours.

IMPORTANT: It is extremely important to trade only following the currenttrend! It will cut ALL bad trades! Never place a trade against a trend.

Example:

If the current trend is up and the indicator shows “BUY” signal – place a trade.

If the current trend is up and the indicator shows “SELL” signal – NO TRADE! Wait for the next “BUY” signal…

Stay away from using the signals and open trades on unclear trends orsideways trends – example:

Money Management

Money management is a very important concept that has an enormous effecton draw downs and margin calls. The cardinal rule of money management isthe following:

You should only risk 1-3% of your account on any single trade. You

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may have heard this rule a hundred times before, but it is amazing to see howmany good traders fail to comprehend this concept – and don't understandwhy they are wiped out again and again, despite great entries and timing oftrades.

Another important concept that is related to your stop loss: In this strategy you learned how to place a stop loss for each setup.

This stop loss is calculated regardless of your level of risk or your equity, and is based solely on price-action. After a stop loss is set, calculate your trade size so you achieve the right percent of risk for your trades.

For example: your stop loss is 10 pips, and your equity is 10,000$, you wishto risk 2% of your equity in this trade, so you enter a trade with 2 lots – soyour risk is 200$, or 2%.

More Sample trades

March 2014www.tripleprofitwinner.com

-----------------------------------------------------------Special offer for V.I.P. members only

Highly recommended by Karl Dittmann:

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"Premium FX Scalper" Exclusively for members (Super Profitable Scalping Tool)

Try it 100% Risk Free by visiting the link below:http://www.tripleprofitwinner.com/pfsspecialvipoffer.php

The very best Scalping Indicator ever!TRADE JUST AN HOUR A DAY! PERFECT FOR BUSY PEOPLE!

Attention: this indicator is a totally different product and hasno connection of any type with “Triple Profit Winner”

-----------------------------------------------------------

Please contact me if you have any questions: [email protected]

I will do my best to help you.

Best of Luck!Karl Dittmann

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