TBSv4.2_2
description
Transcript of TBSv4.2_2
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FQ TOOLS http://fxquickroute.com/fqsystems/
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True Breakout V4.2 Trade the real breakouts with easy and confidence
One-time payment of 300$ (New users)
One-time payment of 250$ (Members)
1(One) license for 1(One) Device/Computer
Lifetime Support and Updates
Membership starts after 7 days the first purchase. This
will entitle you discounts for the next purchase.
7 Days 100% Money Back Guaranteed.
Check our Terms for Refund regarding Tool and Systems
www.fxquickroute.com/termsofuse/
For inquiries, you can reach us at:
Reach us in Skype:
Id: fxquickroute
For other useful tools and trading systems, Visit our website
www.fxquickroute.com
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FQ SYSTEMS These are enhanced systems based of proven ones that work. Rules are clearly defined and should
be followed to be profitable. Entry, StopLoss and Takeprofit levels are calculated, exit strategy
implemented.
FEATURES Gives breakout signals from various price action setups proven to have high accuracy
Easy detection of valid / invalid setups based from True Breakout rules
Advanced Auto Update feature
Auto Pair feature. Currently support 10 pairs. Pairs can be added and swapped with better
ones based on current condition.
Important features added and updated.
Very simple and easy to trade
High accuracy rate seen here: www.fxquickroute.com/fqsystems/tbsresults/
Proven to work with real users here:
http://www.forex-tsd.com/commercial-trading-systems-indicators/120579-true-breakout-system-commercial.html
100% No repaint
Email/Mobile and Push Notifications Alerts available
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HOW IT WORKS The new version simplified the Trading rules of the original true breakout system. The system will
alert if the signal is valid or not. No need to think which signal to pick. This will save you more time.
It will show if the setup is Ideal or Center Zone. It will also notify if there is upcoming news during
the time of the signal.
An important feature added is the calculation of a second support / resistance zone that can give us
more ideal setups if the condition is desirable.
Also it will alert you which pairs are currently available for trading.
HOW TO START Load the indicator in M5 chart with all the available pairs.
Available Pairs
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ENTRY RULES 1. Enter if the signal is VALID. Take the signal immediately dont wait for candle close.
2. The first valid signal for the day is the basis for Stop Loss and Take Profit levels
EXIT RULES Exit is very critical for the success of the system. We need to monitor our position and adapt if the
market condition changes.
1. Fully Close position as price reaches TP1 to ensure an approx. 1:1 Risk Reward Ratio or
2. Partially Close Position when price is near the TP level. Then trail our remaining position to
reach maximum target of 2 times our initial Take Profit.
3. Close trade if priced ranged on entry point. Only one pullback is allowed for a successful
breakout. Meaning we can only allow price to go back at entry point once. Since this is a
breakout system, we should not allow price to come back and forth in our entry point.
4. When price takes too long to hit TP/SL, we can close out the trade. Usually, targets should be
hit in the same day.
PROTECTION Since successful breakouts only require one test / pullback. Its advised to move Stop Loss to
breakeven after the first pullback.
We can move stop to Breakeven at 15-30 pips of profit depending on pairs volatility.
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VALID SELL SIGNAL
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WE ALWAYS USE FIRST VALID SIGNAL
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VALID BUY SIGNAL
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The first valid buy signal hits take profit,
the 2nd valid buy signal wont be used to
re-enter trades since we only base our
targets on the first valid signal for the day.
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DONT TRADE INVALID SIGNALS
Invalid Buy & Invalid Sell are signals that didnt follow the rules of the system. These signals are
colored Gray for easy reference. The reasons why these signals are shown:
1. Invalid signals give early warning of a possible Valid Signal. So we need to watch our chart
2. To test that the indicator is working on our platform
3. To better understand how the system works and familiarize which price action works
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CLOSE TRADE when price ranged. Dont
wait for it to hit the target Stop Loss or
Take Profit
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CLOSE TRADE when price makes more than
1 pullback. Only 1 pullback is needed for a
successful breakout
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CLOSE TRADE if its too long to hit targets.
This means the breakout turned to be
weak. Successful breakouts often hit
TakeProfit in the span of 4 Hours.
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BREAKOUTS with one pullback, the most
common scenario for a successful breakout
The price retraced once then decided to
continue the breakout.
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STRONG BREAKOUTS does not have
pullbacks and targets are instantly hit. This
is the best scenario.
The price went straight to TakeProfit after
the signal
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SETTINGS
Default settings are recommended and
dont need to be changed. ScalperMode
Activate scalper mode if True. This mode
changes the calculation of zones and signals
to give more trades. This setting will give
more VALID setups but also more loosing
trades if not filtered properly. Only for
advanced users who can read markets better
ShowInvalidSignals
If set to False, Invalid signals are not shown
Use_TimeFilter
If set to False; time wont be used to filter
trades. The system works best on London
Session so time filter is recommended.
Use_NewsFilter
If set to False; news wont be used to report
if the signal is Invalid. Filtering High impact
news 30mins before and after is
recommended to avoid whipsaws that hit
Stop Loss easily.
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NOTES 1. Load the indicator on all available pairs. The indicator will alert if a pair is added, changed.
2. Valid setups dont occur often. The average number of valid setups on all pairs per week
ranges from 4 to 8, but success rate is very high if all the rules followed. Around 80-90%
3. This is NOT a set and forgets system. Trades need to be monitored
To know how the original system operates, check the manual here.
http://www.fxquickroute.com/downloads/truebreakoutelitemanual.pdf
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How to Install Manually Placing Files 1. CLOSE ALL MT4 terminals
2. Navigate the Data Folder of your platform.
If you dont know how to locate the directory, please refer to the guide How to navigate data
folder found on the succeeding pages.
3. Open MQL4 folder
4. Place FQ - True Breakout - 4B6.ex4 and FQ FFCal B6.ex4 on MQL4\Indicators folder
5. Place FQ_True_Breakout_4B6.dll , FFCal_B6.dll and pccode.dll on MQL4\Libraries folder
6. Place Get_PC_Code.ex4 on MQL4\Scripts folder.
7. RUN MT4 Terminal
8. Go to Options or hit Ctrl + O
9. Click Expert Advisor tab
Check Allow DLL imports
Uncheck Confirm DLL function calls
Check Allow external experts imports
This step is important to be able to load
the indicators and get the PC Code.
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10. Go to Scripts and double click Get_PC_Code
After you double click this, a
window will pop up indicating your
PC code. Copy this code.
11. Send this code to: [email protected]
Please indicate on the Subject Line of your email: FQ - True Breakout License
12. After we received, we will send your log-in details within 24 hours.
Loading the indicators 1. Go to Indicators and insert FQ - True Breakout B6 to your chart
2. On Common tab, check Allow DLL imports and Allow external experts imports
3. Enter the email & password that we have provided and click OK.
Enter the Email and Password that we
gave to activate your license
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How to Navigate Data Folder Watch Video Reference Here:
http://youtu.be/y8wgCEJME1E
1. Open Mt4 terminal
2. Click File
3. Click Open Data Folder
4. A window will pop out. This is the Data Folder directory of the platform.
5. Double Click MQL4 folder
6. Inside this folder is where to place Experts, Indicator, Libraries and Scripts.
7. Restart platform