FOREX NANOTRADER MT4 FOREX TRADING SYSTEM
- NanoTrader FX is a Forex Trading System for MetaTrader4 based on buy and sell signals. It is Based on buy and sell signals. This indicator will allow the trader to detect those points in which he should take position in terms of operations, and consequently, it will allow him, through different validation points, to get a good profitability.
- NanoTrader FX works on any timeframe from M1 up to the monthly. Also work for scalping purposes, where you should use the M1 and M5 trading charts. For a day’s trading, use the M5, M15 and M30 charts. But, for swing trading, use the H1, H4 and daily trading charts.
- Following the indications of our manual, you will be ready to put into practice both your knowledge and the strategy. But it is always recommended that the trader becomes familiar with the system for at least 1 week, and then move on to actually using it
If you wish, with a double click you can switch to any currency pair from Trend Analizer Panel. There is no need to open a new additional chart. It is really very convenient.
1. Buy Signal:
Open a BUY trade when the NanoTrader Analyzer bullet is colored BLUE and the NanoTrader Signal bullet is colored BLUE as well.
The GBPUSD chart above displays 2 valid buy signals.
- The NanoTrader Analyzer Bullet is colored BLUE and the NanoTrader Signal Bullet is colored BLUE as well.
- This is a valid signal to open a buy trade.
- Place a stop loss below the most recent low.
- Exit the buy trade (4 options): close the open sell trade when a magenta bullet appears on the chart, go for a fixed profit target*, go for at least 2:1 reward to risk ratio or exit the trade near the previous swing high level (resistance).
*About the fixed profit target: The vast majority of traders prefer to go for a fixed profit target. It’s simple and you don’t need to calculate anything.
Below you will find some typical take profit targets for the different time frames:
- M1 chart: Aim for 10-25 pips
- M5 chart: Aim for 20-35 pips
- M15 chart: Aim for 25 -40 pips
- M30 chart: Aim for 30-75 pips
- H1 chart: Aim for 50-120 pips
- H4 chart: Aim for 80-200 pips
- D1 chart: Aim for 125-300 pips
Ignore any sell signal (PINK bullet) when the NanoTrader Analyzer is colored BLUE for the currency pair you are looking at!
2. Sell Signal
Open a SELL trade when the NanoTrader Analyzer bullet is: colored PINK and the NanoTrader Signal bullet is colored PINK as well.
The USDJPY chart above displays a valid sell signal.
- The NanoTrader Analyzer Bullet is colored PINK and the NanoTrader Signal Bullet is colored PINK as well.
- This is a valid signal to open a sell trade.
- Place a stop loss above the most recent high.
- Exit the sell trade (4 options): close the open sell trade when a blue bullet appears on the chart, go for a fixed profit target*, go for at least 2:1 reward to risk ratio or exit the trade near the previous swing low level (support).
*About the fixed profit target: The vast majority of traders prefer to go for a fixed profit target. It’s simple and you don’t need to calculate anything.
Below you will find some typical take profit targets for the different time frames:
- M1 chart: Aim for 10-25 pips
- M5 chart: Aim for 20-35 pips
- M15 chart: Aim for 25 -40 pips
- M30 chart: Aim for 30-75 pips
- H1 chart: Aim for 50-120 pips
- H4 chart: Aim for 80-200 pips
- D1 chart: Aim for 125-300 pips
Ignore any buy signal (BLUE bullet) when the NanoTrader Analyzer is colored PINK for the currency pair you are looking at!
3. No Trend (do not trade the currency pair)
In this case, ignore all bullet buy and sell signals on the chart until a trend forms again, either up (blue bullet) or down (pink bullet).
You can stick with your current open position, if any.
Some Chart Examples
559 PIPS IN JUST 5 TRADES !!! AMAZING
