Two Percent Daily System Download

Two Percent Daily System Download
Rating:4.57 (7 votes cast)

SETUP
Open your MT4 trading platform and open a GBPUSD 15m chart.
Load the “Two Percent Daily” template onto the chart. Right click and select expert advisor -> properties. Load the 4 or 5 digits set file dependant on your broker. Also ensure that “Allow live trading” is selected.

MONEY MANAGEMENT

The “Two Percent Daily” method scalps pips when price breaks through major support and resistance. There is always an opportunity to grab at least a few pips and on some occasions catch a runner. The emphasis is on money management as one needs to minimize loss and lock in profit at the first available opportunity. Ensure that you are ready to perform the following actions on EVERY trade:

  • Set a stop loss of 10 pips (2% of your account)
  • Set a trailing stop of 3 pips immediately when 3 pips in profit

This will keep you out of trouble and is the main concept that you must follow in order to reach at least 10 pips every trading day. The order management “Swiss Army EA” will automatically do this for you as it is not always possible to do it manually when the market is moving rapidly. Ensure you have loaded the correct set file in the “Swiss Army” expert properties.

ENTRY

Wait for the m15 candle to close. Enter long 1 pip above the red dot of the closed candle and short 1 pip below the blue dot of that candle. You should use pending orders to ensure you enter at the correct price. Add the spread to pending orders when looking to go long.

If your broker does not allow hedging then place an order at the closest dot and watch to see if price begins to head towards the other dot – in which case you would change your pending order. Pending orders are valid until they are triggered or until another dot appears on an m15 candle.

EXIT

The “Swiss Army EA” will take care of exits. The settings set a break even at the earliest opportunity and trail the price closely to lock in profit and milk the small and big moves.

OTHER

Quit trading once you have gained 2% of your account. You can trade beyond this but BE AWARE you risk losing a healthy gain. Quit while you are ahead. The following tables show how a 2% daily increase will grow your account substantially regardless of how little capital you have to invest.

Download

Click on the link below to start download. Like, Tweet or +1 to unlock download link.

How To Trade In Stocks – Jesse Livermore

How To Trade In Stocks – Jesse Livermore
Rating:5 (10 votes cast)

The career of Jesse L. Livermore is a bright patch in the pattern of speculation. He has been an old timer but the book continue to be one of the best financial book, especially in speculation today. Jess livermore continuously since as a youth he flashed like a comet across the speculative skies and became known as the millionaire Boy Plunger.

For forty years Jesse Livermore has studied world and domestic economic conditions with a passion to beat the martket. In the same four decades he has studied, talked, dreamed, lived with, and traded in speculative markets. His world has been the movement of prices; his science the correct anticipation of such movements. He try to understand every aspect of the game and eventually he know that his biggest enemy or any other traders are himself or themselves.

Click on the link below to download the book. Like, tweet or +1 to unlock the download 🙂

 

Japanese Candlestick Charting Techniques by Steve Nison

Japanese Candlestick Charting Techniques by Steve Nison
Rating:4.89 (9 votes cast)

A good book to start learning and understanding Technical Analysis.

If you are new to the Forex and in general, financial markets, technical charts with full of indicators and movements may be too much overwhelming for you. This book by Steve Nison is a great start for you to learn the logic of pure technical analysis in every candle form and pattern.

Japanese Candlestick Charting Techniques has been a guiding book for most traders to understand price movement and what the market is telling in each candle.

Click the link below to download the Ebook for FREE. Like, share or +1 to unlock the download 🙂

 

MT4 Download | Download MetaTrader4

MT4 Download | Download MetaTrader4
Rating:4.28 (25 votes cast)

MT4 DownloadMetaTrader4, also known as MT4, is the most popular trading software thus far in the world.MT4 is basically an online electronic trading platform which’s widely used in Foreign Exchange speculative traders, especially retail traders because it’s easy and effective tool to use. MT4 is developed by MetaQuotes and is being released in early 2005. The software is usually licensed to Forex Brokers who provide MT4 as a trading platform as well as charting sorfware to its clients. The brokers are those who run the server and they provide livestreaming foreign exchange prices, live trading chart as well as various indicator/tools to aid traders to make decisions while trading. Traders are able to place orders through MT4 as well as watch their account history, manage their fund in MT4. [Read more…]