Fast Easy Forex™ www.FastEasyForex.com
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission 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 system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS 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 IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this website or any e-book purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FastEasyForex.com and any authorized distributors of this information harmless in any and all ways. The use of this system constitutes acceptance of our user agreement.
System Installation You should have downloaded the installation software file when you downloaded this guide; the file should be called something like ‘FastFX-v1.exe’.
IMPORTANT: You MUST have Metatrader4™ installed before you start the installation of the system. To install, just double-click on the ‘FastFX-v1’ file that you downloaded and follow the instructions to install the indicators and templates for your Metatrader4™ installation. Once you have done this, start your Metatrader4™ platform and then right-click on your chart and choose ‘Templates’ ‘fastfxv1’. You should then have the system and indicators loaded onto your charts – and you’re ready to go...
The System This system can be used on any timeframe. But, optimally, you will have best results on the 1, 5, 15, 30 and 60 minute timeframes – and we recommend trading those when first starting out.
When trading the intraday timeframes that we recommend above – we also advise that, again for optimal results, you trade the London session (that’s around 06:00GMT to around 16:00GMT). While this is not critical – it will further your ‘edge’ with this system.
If you are more of a day-trader and prefer the lower timeframes of the 1 minute and 5 minute charts then trading at any time during the day is fine. In particular, the 1 minute chart is very effective during the Asian session (around 22:00GMT to around 06:00GMT).
You can trade any pair you like with this system – but, for optimal results and higher profits (because of the smaller spreads), we recommend that you only trade currency pairs that have at least one of the following currencies in them: USD, GBP, EUR, CHF, JPY, AUD, NZD, CAD
This system keeps us out of poor trading times with a simple use of a range of moving averages. Unless these moving averages are all lined-up, then weâ€™re not going to be taking any trade. We stay out of the market when the moving averages looks like this:
Weâ€™re only going to trade when the moving averages are all in-line with each other:
You will observe that the price bars on the chart are painted red and green. These coloured bars are based on a customised indicator that identifies pullbacks in the market.
We will only be looking to take trades when the market has pulled back enough. A valid pullback when the market is going up occurs when the price bars turn red like this:
When the market is trending down, we will be looking to sell on a pullback. To do this we want the price bars to turn green:
To actually enter a trade we have another custom indicator that aids us. This indicator prints the blue â€˜starsâ€™ on the charts that you will have already seen. 6|Page
Not every blue star that is printed on the chart is an entry – there are a couple of rules we must follow.
Once we have the first two criteria met, that’s the moving averages lined-up and a pullback where the bars have changed colour, we then look for a blue start to appear during the pullback or just after it. The blue star car occur either on a green or red bar – it doesn’t matter which.
Here are two valid sell trades to demonstrate this:
The appearance of a blue star alone does not signify a trade. To take a trade the high (in the case of a buy) or the low (in the case of a sell) of the bar that had the blue star has to be broken by at least 3 pips! (as you can see in
the last two charts)
We place our stoploss below the low of the pullback for a buy trade; and above the high of the pullback for a sell trade. Here is how to enter a buy trade:
Here is how to enter a sell trade:
We have two optimal take-profit methods: Take-Profit Strategy #1 Set your take-profit target at two times the number of pips you risked (i.e. if your stoploss is 25 pips, then your take-profit should be 50 pips). Now, when your trade is in profit by the same number of pips you risked (i.e. if you risked 25 pips and you’re now 25 pips in profit) – then set your stoploss to breakeven. You are now in a “risk free” trade. Here is how this take-profit method works on a sell trade:
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Take-Profit Strategy #2 This method involves waiting until the bars change colour again. For example, letâ€™s say you just entered a buy trade, you would wait for the next bar to turn red â€“ this is when you exit. Here is an example of a buy trade using this take-profit method:
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For a sell trade you would wait for the next trade to turn green – this is when you exit. Here is an example of a sell trade using this take-profit method:
That’s all there is to the system – it really is that simple to trade. With that, we would like to thank you for purchasing this system and wish you the greatest of success in trading it.
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Published on Oct 9, 2012