Trend Profiteer Indicator Guide · 2017. 6. 4. · Trend Profiteer Settings Guide 6 TRADE SETUP...

www.trendprofiteer.com Trend Profiteer Settings Guide

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Trend Profiteer Indicator

Guide

By Michael Nurok

www.trendprofiteer.com

http://www.trendprofiteer.com/



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RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT

Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market.

The contents of this material are for general information and educational purposes only [contents shall also mean the website http://www.trendprofiteer.com or any website (“the sites”) the content is hosted on, and any email correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a “get rich scheme.”

Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy.

No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on http://www.trendprofiteer.com or on the sites. Past performance is not indicative of future results.

By purchasing any content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read here with. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard.

Homerun Creations Pty Ltd, in association with http://www.trendprofiteer.com, the sites, content, and its representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this course or any part of it.

The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

Hypothetical performance results have many inherent limitations, some of which are mentioned below. 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 actual results subsequently achieved by any particular trading program and method.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results.

We reserve the right to change the set terms and conditions without notice. You can check for updates to this disclaimer at anytime by visiting http://www.trendprofiteer.com.

Governing law: this policy and the use of this report / course / DVDs / eBook, provided in any form, and any content on the website are governed by the laws of the Republic of South Africa. Further details on this are found under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site.




http://www.newscienceofforextrading.com/





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INTRODUCTION

I developed the Trend Profiteer Indicator so it could help with your advanced

use of the Trend Profiteer trading system.

The Trend Profiteer Indicator has the same alerting functionality and

settings as the Trade Assistant. It operates the same except it does not

manage the trades automatically including filtering all setups where price is

at a level that is considered too risky to trade.

It alerts you to every valid Trend & Swing trade that occurs on any

timeframe you are trading so if you choose to trade manually, then the

Trend Profiteer Indicator is an excellent tool to use.

By using the Trend Profiteer Indicator, you are alerted to every potential

profitable trade and therefore, you are likely to see your profits build as you

focus on the highest probability trades while filtering everything else out.

As always, my hope is that you take this information with this invaluable

trading resource and apply it to your Profiteer trading so it can positively

contribute to your overall results.



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THE PROFITEER INDICATOR

How should you take Profiteer trades?

Manually based on the template and core indicators?

Or;

Manually based on the template, core indicators and Profiteer indicator?

Throughout this Profiteer journey, I have been adamant about the necessity

for all members to take it slow and to learn the Trend Profiteer system to

the point that you can easily and confidently trade manually. The Trend

Profiteer Indicator is the perfect tool to use for manual trading.



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TRADING WITH THE PROFITEER INDICATOR

What is the Profiteer indicator?

It is the indicator that;

(1) Provides popup alerts within your Metatrader platform for all

valid Trend Trades and Swing Trades

(2) Displays Up or Down arrows on your chart for all valid trades

(3) Displays the Too Far and Too Close filters on new Trend Trades

Because you should now be familiar with the Profiteer system and you

have hopefully also gained real trading experience with using the system,

you can enjoy the best of both words… the opportunity to take trades

even when you’re a little late on the signal bar, as well as the opportunity

to closely and accurately monitor all pairs on whatever timeframe you are

trading, so you can take advantage of market setups as they occur.

The Profiteer Indicator will only display alerts and on-chart arrows on the

1st bar after the Moving Average Crossover or after the Trend Follower has

changed colours. If not all indicators are valid on the bar for either event,

the Trend Profiteer will not alert for a trade setup, even if the very next

bar generates a scenario where all indicators are valid. If this is the case,

you are still free to choose to take the trade but the Profiteer Indicator will

not alert you again until the next opportunity occurs on the pair and

timeframe it is installed on.



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TRADE SETUP POPUP ALERT

When a valid Trend Trade or Swing Trade occurs, you will get a popup alert

on your Metatrader platform.

The following is an example of the popup alert.

At the top of the alert, you will see;

• The name of the indicator creating the alert; TrendProfiteer

• The pair; in this case, the AUDJPY

• The timeframe; in this case, the H4 (4 Hour)

• The date and time of the alert

• The direction of the trade; SELL or BUY

• What type of signal; Trend or Swing

• The price where the alert occurred

• The Trade Assistant also displays the Stop Loss and the Take Profit

Within the alert scrollable-window, you will see the history of all alerts that

have previously been generated and you will be able to scroll through

these signals if you want to look at previous alerts. It’s also a nice way of

quickly assessing market opportunities when multiple signals occur

simultaneously. particularly if you have been away from your computer for

a while or you are particularly interested in certain pairs.



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BUY/SELL DISPLAY ARROWS

The Profiteer Indicator will display buy and sell arrows, based on your

specific criteria, directly on the chart for all valid setups, as the following

screenshot shows.

You can display Trend Trades or Swing Trades or both, and you can display

them based on particular settings you use in the Inputs section of the

indicator.

The arrows become a great educational tool as you can see historically

where signals occurred and how the price went if you had taken the trade.



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INDICATOR SETTINGS

You can adjust all settings of the indicator.

Either; (a) right-click anywhere on the chart and click “Indicators List”, or

(b) press Control I

You will get this window popup on your chart.

Once this popup appears, either; (a) Highlight the Trend Profiteer

Indicator & click Edit, or (b) Double-click on Profiteer Indicator

The Trend Profiteer Indicator will appear… Click on the Inputs tab.



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The first sections are Trend Settings and Trading Style.

Leave Trade Trends as the default “true” if you want trade arrows

displayed on the charts for Trend Trades. If you want the popup alerts,

leave AlertTrends on “true” otherwise change it to “false”.

Adjust the field “TooFarFromMA_X” to the number of pips from the Moving

Average Crossover you want the trade to be considered as a valid setup. If

the price falls beyond this value, the trade setup will not be alerted. For

example, if you enter 20; the trade will only be considered valid and alert

you if the price is no further than 20 pips from the Moving Average

Crossover. Naturally, the bigger the timeframe, the higher the value

should be, and conversely, the smaller the timeframe, the smaller the

value should be. That is; 20 pips may be reasonable for the 5M or 15M but

not possibly big enough for a 1 hour or 4 hour chart. If you want to keep

your options open, set it to a big pip value like 100 or 150. As well, you

should consider the pair being traded, as for example, 20 pips may be

reasonable for a EURUSD 15M chart but not enough for a Yen cross like

the EURJPY or a cross like the EURAUD.



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Adjust the field “TooCloseToMA” to the number of pips from the Fast

Moving Average that the price must at least be, to be considered as a

valid setup. As the Trend Profiteer rules state, it must be at least equal to

the Fast Moving Average (ie; 0.0) however you may want to force the

trade setup to only be considered if it is at least 1, 2 or 5 pips away from

the Moving Average Crossover. If the price falls closer to the Fast Moving

Average than this value, the trade setup will not be valid and not be

alerted. For example, if you enter 5; the trade will only be considered

valid and alert you accordingly if the price is at least 5 pips away from the

Fast Moving Average. If you want to keep your options open, then leave

the value between 0.0 and 1.0 to catch as many setup alerts as possible.

You can choose to display the Too Far & Too Close variables by leaving the

settings as “true” or you can individually disable the display of these

variables by changing the fields to “false”.

You can choose the colour to display these indicators on your chart as you

wish.

In the Trading Style section, leave the ConservativeTrading field as “true”

if you only want to be alerted of conservative style trade setups. If you

want to get alerts for aggressive style trades as well as conservative style

trade setups, change the ConservativeTrading field to “false”.



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The following displays the Higher Time Frame settings section.

You can leave these settings as the defaults however if you want to

change the Higher Time Frames, you can adjust the HigherTF1, HigherTF2

and HigherTF3 fields to any of the timeframes as long as the shortest

timeframe is placed in #1 and they are listed from shortest to longest. You

should also change the values in the Profiteer Trade Assistant to the same

values if you choose to change the HTF values.

The values to use in the fields are;

• M15 (15 minute)

• M30 (30 minute)

• H1 (1 hour)

• H4 (4 hour)

• D1 (daily)

• W1 (weekly)

• MN1 (monthly)



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You can also adjust the values in the fields; PipRequirementHTF1,

PipRequirementHTF2 and PipRequirementHTF3 if you want to be more

certain of a trend being in place. The bigger the number (pip value), the

more “in trend” the higher timeframe is. However, I would not suggest

changing this much. You can increase the D1 value from 3 to 5 or even

10. You can increase the W1 value from 5 to 10, 15 or even 20. If you use

the monthly Higher Time Frame, then I suggest at least 10 for the value

but you could increase that to 15, 20 or even 30.

These values are specific to the trend in each time frame and if the price

falls within these values, you will notice the blue bidirectional arrows being

displayed for the trend on that specific time frame. If you’re not sure,

leave the values as they are, as these are the defaults I typically use.

Following is a screenshot of the next sections that are the Swing Settings,

Sunday Trading and Display Arrows sections.

If you want to be alerted of Swing Trades, leave the

“TradeSwingWithinTrend” field as “true”, otherwise change it to “false”.



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The “MinSwingBarsSWT” denotes how many preceding MACD histogram

bars need to be contrary to the signal bar colour. Leave it as the default

“2” unless you want to reduce it to “1” or increase it to however many

histogram bars you want to see before a Swing Trade is alerted.

The “MoveTooBigPipsSWT” field represents the maximum distance, in pips,

allowed between the close of the signal bar and the close of the candle

prior to that, for the trade setup to be valid. If you want no maximum cap,

then leave it as the default “0” however if you don’t want to be alerted to

Swing Trades that are over a certain pip size, then change the field to this

value. For example, if you don’t want to consider Swing Trades where the

Swing Trade bar is over 50 pips, then change the field to “50” and so on.

The “SwingTooFarFromMA_X” field represents how far away the swing is,

from the last Moving Average Crossover. The distance is measured in.

For example, if you don’t want to consider Swing Trades where the Swing

Trade bar is over 150 pips away from the Moving Average Crossover, then

change the field to “150” and so on.

Leave the “AlertSwingWithinTrend” field to “true” unless you don’t want

Swing Trades to alert you, in which case, you should change it to “false”.

Leave the “TradeSunday” field as “false” if you don’t want alerts on

Sunday however if you do want alerts on Sunday, change the

“TradeSunday” field to “true”.

In the Display Arrows section, leave the fields “ShowBuys” and

“ShowSells” as “true” if you want to see all arrows. If you only want to see

Buy arrows, then change “ShowSells” to false.

Conversely, if you only want to see Sell arrows, then change “ShowBuys”

to “false”. This is handy if you are only interested in going buying a pair, or



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conversely, if you are only interested in selling a pair.

Finally, the last section is General Settings, as follows.

If you want to disable all alerts, change the “DisableAllAlerts” field to

“true”. You should consider doing this if you are also running the ESP

software on the same chart and have the ESP alerts activated.

The “MaxBars” field displays all the arrows historically. Leave it as the

default “500” which will display all the buy/sell arrows over the last 500

bars of the chart on the timeframe you are using. However, if you find

your computer running too slow, you can decrease this to 250 or 100.

Conversely, if you want to show more historical setups, then change it to

750 or 1000 or higher. If you want to view all arrows, then change it to 0

however this can significantly slow down processing when loading your

platform or changing timeframes. If you find your platform becoming

sluggish, change the value back to the default 500 or lower.



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CONCLUSION

As a manual system with no alerts, Trend Profiteer can generate very good

results, however if you want to be alerted of trade setups on multiple charts,

the Profiteer Indicator is an excellent resource that can significantly help

the monitoring of opportunities in real time so you can take advantage of

market opportunities as they occur.

Just remember that having these alerts in real time can provide you with

many more trade setups than you would probably normally consider so be

careful of not overtrading and stick to the principles you have learned during

your Profiteer training.

All software will be updated as required so if there is something you would

like to see in new versions of the Profiteer Indicator, or if there are any

issues you think you have discovered, please let me know by posting your

results in the forum and we’ll do our best to incorporate new features and

resolve any issues as quickly as possible.

I look forward to continuing to see you generate positive results with the

Profiteer system.

We will provide you with new information with any new updates that use

new parameters. The indicator is an excellent resource to use if you want

to only trade manually.

If you have any questions or if you need any kind of assistance, don't

hesitate to seek assistance in the forum.

Good trading & live well,


Trend Profiteer Indicator Guide · 2017. 6. 4. · Trend Profiteer Settings Guide 6 TRADE SETUP...

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Transcript of Trend Profiteer Indicator Guide · 2017. 6. 4. · Trend Profiteer Settings Guide 6 TRADE SETUP...