Buy/Sell Forex Secret: User Guide
Buy/Sell Forex Secret: User Guide
FOREX
SECRET
User Guide
August 2014
http://www.buysellforexsecret.com
DISCLAIMER
Please be aware of the loss, risk, personal or otherwise consequences of the use and
application of this book’s content. The author and the publisher are not responsible
for any actions that you undertake and will not be held accountable for any loss or
injuries.
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, do not represent a guarantee. Your actual trading may result
in losses as no trading software is guaranteed. You accept full responsibilities for
your actions, trades, profit or loss, and agree to hold Buy Sell Forex Secret and any
authorized distributors of this information harmless in any and all ways. The use of
this software constitutes acceptance of this user agreement.
COPYRIGHT
Introduction
Buy Sell Forex Secret is very simple to use. Pink arrow - sell, blue arrow - buy. It
includes multiple professional indicators put together for the best possible results.
There is also a smart informer system, that will display some important information
right on your chart. This information includes name of the indicator, trend direction
and strength, last generated signal, etc. Buy Sell Forex Secret can also alert you of
new entry signals via email or pop-up sound alerts, which will save your time and
make your trading much more convinient.
It's extremely important for you to fully understand how Buy Sell Forex
Secret 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 Buy Sell Forex Secret and
fully understand all the simple rules on how to use it correctly.
www.buysellforexsecret.com
IMPORTANT: Make sure to update your MT4 to the latest build (build 600). Buy
Sell Forex Secret is designed to give you best results and to work properly only with
the latest version of MT4 platform.
Follow the instructions and open a demo or real account. We recommend trading
the indicators on demo account before proceeding to real accounts.
BuySellForexSecret.ex4
Step 1:
2) Click File — Open Data Folder. Here you will find a folder called MQL4, this is the
new “home” for all your .ex4or .mq4 files you have
3) Open folder MQL4. Here you will find Indicators folder. Copy your Indicator
(ex4 or .mq4) files into MQL4/Indicators folder. Do this by right clicking on the file
and clicking “copy” and then “paste”.
4) Restart your MT4.
Click on 'Navigator'
If you need any assistance, please contact our technical support team.
Informer
Do not use the indicator on a flat market! Use the indicator ONLY at
active 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 ...
The next highly important rule: Do not trade and do not use
the indicator 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
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.
Entering Trades
Exiting Trades
Option 1
Remark: You can adjust TP and SL levels depending on your trading style. This
can be done in 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.
- All major pairs. But works best with all JPY pairs
(example EUR/JPY, NZD/JPY, CHF/JPY etc.)
You can try changing Periodic value to speed up the indicator... but you
might get little more false signals.
Stop Loss and Take Profit (SL_add_pips and TP) – 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.
In the very bottom of the input parameters, below the color settings, you can find
an input called CORNER. By default it’s set 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.
EMAIL alert setup:
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 and
search for ”mt4 email setup” there are plenty of free video samples.
Recommendations
If the current trend is up and the indicator shows “BUY” signal – place a trade.
Stay away from using the signals and open trades on unclear trends
or sideways trends – example:
Money Management
You may have heard this rule a hundred times before, but it is amazing to see how
many good traders fail to comprehend this concept – and don't understand why they
are wiped out again and again, despite great entries and timing of trades.
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$, you wish to
risk 2% of your equity in this trade, so you enter a trade with 2 lots – so your
risk is 200$, or 2%.
More Actual trades examples
Please contact me if you have any questions: [email protected]
I will do my best to help you with anything.
Best of Luck!
Karl Dittmann