Forex Vengeance Advanced System

www.ForexVengeance.com

Forex Trading Manuals

Table of Contents

- Introduction ………………………………… Page 2

- About The System ………………………… Page 4

- Setup and rules ……………………………. Page 5

- Trading Strategy …………..…..…………. Page 12

- Reversal Strategy …………………………. Page 13

- Trading Examples ………………………… Page 15

- Conclusion …………………………………… Page 21

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Introduction

Dear Forex friend, congratulations and welcome!

"Forex Vengeance Advanced System" is a powerful trading

system that I have been using for many years with amazing
results.

It was designed to be as simple as possible. You will learn

how to analyze the market and take action in minutes. Not
hours! .And after few trades, you will be able to do that in
seconds. (Can’t be more simple than that )

But we are trading to make money, that’s why you will find
this system very profitable as well.

Before we begin, please note that the successful system can

not help you without good money management plan.

# Never trade with money you can’t afford to lose.

# Never Risk more than %2 - %3 of you capital in one trade.

If you are investing $50,000 in trading, then never risk more

than %2-%3 of your account in one trade or about $1,500 per
trade in this case.

Stick to your system with money management, and you will

be just fine.

There is more to it than just that, of course. That’s why it’s

highly recommended that you start learning all about money
management before you start trading live.
Demo trading is very important; never start trading with real
money before demo trading the system – any system – for no
less than one month. The trick here is act as if the virtual
money you have in your demo account is real money.

And even if your demo trading results are positive, don’t

start trading live with all your investment capital. Start by
testing the system with the minimum capital first.

If you wish to invest $10000. Start by opening a mini

account with only $1000. If the results are positive, you can
open a standard account and start trading. If not, then you
won’t lose much. Your investment is still safe.

Your first goal as a forex trader is to protect your investment.

Not only to make more money!

Ok, now we are ready to begin our trading journey together.

Hope that you enjoy it and wish you all the best.

To your success,

Steven Lee Jones

About The System

"Forex Vengeance Advanced System" is designed to take

advantage of the nature of forex market itself. We know that
price moves in trends (up/down/side ways) and it also
moves in waves (top/bottom – support/resistance).

We are going to follow the current trend. Stop trading when

there is a good chance of a reversal. And when the move is
confirmed, we are going to continue trading in the direction
of the current/new trend. For this Job, we are going to use
MACD indicator.

Next, we are going to take our trades (buy/sell orders) at the

best time/place possible, For this job, we are going to use
special candle stick pattern called “the pin bar”.

Let’s start by editing the parameters of MACD indicator.

Here are the parameters we are going to use:

Fast EMA: 88
Slow EMA: 99
MACD SMA: 90
Apply to: Close

Colors:
Main: White, line thickness: 3
Signal: Red, line thickness: 3

The system can be used with any/all currency pairs. Best

time frames: 30 Minutes & 1 Hour Bar charts.

Ok, attach the MACD indicator to your 1H chart, and let’s get
started.
System Setup and Rules

By now, your chart should look like this:

See that Red line? .. That’s our “Trend Detector”.

When it points downwards,

That means: Down Trend.

When it points Upwards,

That means: Up Trend.

When it’s going Flat, that means: Flat Trend!

MACD Bars are going to be used as confirmation to the
direction of the Trend line.

When MACD bars are above Zero line + Up trend line = Buy
Signal

When MACD bars are below Zero line + Down Trend line =
Sell Signal
Pin Bars Entry Point (P.E.P):

“The pin bar” or “the pin”. AKA Pinocchio bars, are formed
in all time frames ( however, it’s more accurate on
30Minutes/1Hour or larger time frames ) when the price
tries to push upward or downward but fails and falls back to
a closer level of its opening level. This action creates a bar
that looks like a pin, see the image below:

But for this pattern to be a valid, the pin candle must be

breaking a support or resistance level. That’s why we must
see the pin candle breaking the level of the candles on the
right and on the left side of it. We call these candles “the
eyes” of the pin bar.

This pattern means that the price is going in the opposite

direction of where the pin bar (nose) is pointing.
A Pin bar must have:

- open/close within the first eye

- “stick out” from the surrounded prices ( can’t be an
inside bar )

A perfect Pin bar should have:

- a long nose ( relative to the open/close/low )

- a nose “sticks out” long way from the prices around it
- the open/close are near one end of the bar

Here are some examples of Pin Bars:

The pin bar is a reversal pattern;

We are going to use it as entry point.
Trading Strategy:

With this strategy, we are going to know “when” to enter/exit

the market based on the signals generated by MACD
indicator (Trend + Bars) and Pin Bars Signals.

Enter Buy:

1 - When MACD indicator generates a Buy Signal

(Up trend + Bars above Zero line).

2- when you see a Pin bar, pointing down.

Stop loss Level:

Pin Bar low

Enter Sell:

1 - When MACD indicator generates a Sell Signal

(Down trend + Bars below Zero line).

2 – When you see a Pin Bar, Pointing Up.

Stop loss Level:

Pin Bar high

Exit All Trades:

When an opposite Pin Bar is formed.

Reversal Strategy:

Reversal pattern happens when Trend line and MACD bars

are generating opposite signals.

(Trend line is going up – MACD bars are below zero line, or

Trend line is going down – MACD bars are above zero line).
In this case, it’s better to stay out of the market, watch and
wait until the current trend is continued or a new trend is
created.

But, (and that’s a BIG but!), you can take advantage of this
reversal pattern and trade in the direction of the trend,
regardless of the MACD bars direction.

This is a high risk trade. If you are going to take it, it’s highly
recommended to make sure that you are using your best
money management rules.

Trading reversals is recommended for experienced traders

only. My advice, Trade with minimum lot size and use
trailing stop loss of 25-35 pips.
Trading Examples:

EUR/USD – 30 M

Open Buy @ 1.2840 – Stop loss @ 1.2797 – Exit @ 1.2929

Profit = 89 – 2 spread = 87 pips. In 4 hours!
EUR/USD – 30 M

Open Sell @ 1.2944 – Stop loss @ 1.2968 – Exit @ 1.2895

Profit = 49 – 2 spread = 47 pips …. In 2 hours!
Not enough profit? ..  Ok!

EUR/USD – 30 M

(This Trade lasted 4 days)

We Opened a Buy order @ 1.2533

Set our Stop loss @ 1.2433 (long candle!)
We Closed our Trade @ 1.2943

Profit = 410 – 2 spread = 408 pips … in 4 days!

The problem with this kind of trades is that you must keep
your eyes on the chart as long as your trade is open. Of
course, this is very painful if you are trading by yourself! So,
the solution is to use protect Targets before you close your
charts.
You can use Fibonacci levels to set a target.

Or calculate your targets based on your stop loss level.

For example:

In the last trade here, our stop loss was 100 pips. So it will be
safe to set a target 120 - 140 pips away from your entry level.

The exact number here is calculated based on your stop loss

and the daily average range of the currency pair you are
trading.

It’s also very important to use a 25 – 35 trailing stop to

protect your profits, and trade only half of your normal lot
size.

If the trade lasted too long for you, you can also exit the trade
when you see a clear sign of Trend weakness.
The inside bar is a very good sign in this case.
Feel free to Test each Target model. And stick to the one that
is more like your trading style or the one you get better
results with. They all work great with this system.
Conclusion

This system was designed to give you the chance to take the
best profit with minimum risk possible.

As for any trading system created by human beings. It’s not

perfect! You will have bad days. You will lose trades. That’s
very normal.

If you study the way this system set the stop-loss and target
levels, you will notice that your trades are perfectly safe.

At the same time, this system will give you a closer look on
how the market behaves and why. You will learn as you
trade, that means you will win even when you have a losing
trade.

My last words of advice, pick your broker carefully!

The Broker is your hidden trading partner. If you have a bad

broker, you will lose money, even if you are using the holy
grail strategy.

On the other hand, if you have a good broker, then you have
a good partner.

How about a good partner and $1000 for free?!

YES. This is your unique chance to open a live trading

account today, and receive up to $1000 in your account.

You can start trading with as little as $500 with the best
trading platform out there, MetaTrader4.
Opening an LBSFX trading account is quick and simple.
Applications can be submitted easily over the internet, and it
all takes a few minutes. What’s more, this $1000 trading
bonus is available to all new and existing customers.

Open a live trading account and get started today...

==>> http://www.lbsfx.com/tradebonus

If you have any questions please do not hesitate to contact

me here…

==>> http://www.forextradingmanuals.com/support

Kind regards

Steven Lee Jones

RISK DISCLOSURE STATEMENT / DISCLAIMER
AGREEMENT

The contents of this eBook are for informational purposes

only. No part of this publication is a solicitation nor an
offer to buy or sell any financial market.
Examples are provided for illustration purposes and should
not be construed as investment advice or strategy.

No representation is made that any account or trader

will or is likely to achieve profits or loses similar to those
discussed in this eBook.

The information found in this eBook 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.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED

PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE
RECORD, SIMULATED RESULTS DO NOT
REPRESENT ACTUAL TRADING. ALSO, SINCE THE
TRADES HAVE NOT BEEN EXECUTED, THE RESULTS
MAY HAVE UNDER-OR-OVER COMPENSATED FOR
THE IMPACT, IF ANY, OF CERTAIN MARKET
FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED
TRADING PROGRAMS IN GENERAL ARE ALSO
SUBJECT TO THE FACT THAT THEY ARE DESIGNED
WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY
ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT
OR LOSSES SIMILAR TO THOSE SHOWN.

Forex Vengeance Advanced System