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MT4 Forex Dashboard ©

Trading Software with Key Indicators


Made By Professional Retail Forex Trader

“…The best software platform designed to help you achieve success with
day trading and scalping foreign exchange market…”

www.mt4forexdashboard.com

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Contents

I Preface

II Introduction

III MT4 Dashboard Components

IV Level II Compact Grid View

V Default Chart Template

VI Actual Trade Examples

VII Scalper Chart Template

VIII Scalping Setups

IX Chart Analysis

X Stop Location

XI Profit Target Objectives

XII Actual Trade Examples

XIII Practice This

XIV Disclaimer

To install your MT4 Forex Dashboard please refer to the installation instructions
provided with your compressed zip files.

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Preface

2017 2018
Year is oneisofthe
themost
mostexciting
exciting time
timestototrade
tradeforeign
foreignexchange
exchange currencies.
The US Dollar is soaring and DOW Jones Index is at all-time highs.

Forex is a global market traded by large banks such as Barclays PLC, which reported a
profit of £3.2 Billion just last year in 2016, that’s 3,200,000,000 GBP.

If banks can make such HUGE profits, why can’t we make a little change of a Million
Pounds or a Million Dollars?

Forex is one of the most interesting financial vehicles that will allow a small retail trader
to start with as little as $100 in your trading account and go shoulder to shoulder with
the bigger market participants.

As small traders we have an edge, we can walk in the shadow of these large traders and
profit consistently, however without the right tools achieving success is near impossible.

A ton of time and investment has gone into the creation of my trading dashboard which
is the BEST professional trading platform. Designed to give you CLARITY with market
direction, MT4 Forex Dashboard MAKES trading EASIER, PROFITABLE and FUN.

I come from an IT background having over 12 years in financial speculation experience. I


trade for a living, and it took me 6 painful long years to make my dream come true, to
become a professional retail trader and to work from home.

Statistics show that the average successful trader has lost close to 6 figures with at least
5 years in trial and error. These statistics are not wrong but you don't have to lose this
amount of time and money.

Screen time is important if you want to succeed at financial speculation, however


without the right tools achieving success is near impossible.

Foreign Exchange is complicated, my trading dashboard is designed to give you a clear


view of the market so that you can anticipate price action ahead of time.

You can now start trading the market with CONFIDENCE, by removing chaos and
confusion from your trading. MT4 Forex Dashboard is designed to bring you closer to
achieving SUCCESS than anything else out there!

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It has always been my dream to own a luxurious house with a big garden space, to drive
supercars and to be able to afford the best of everything life has to offer. Had I given up
on my dream working for someone else I would have never got to where I am.

I am living my DREAM today, NOW it’s YOUR TURN.

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Introduction:

What you have in your hands is a set of powerful tools which took me 6 painful years to
develop and put together, it is the result of countless hours and lessons learnt by losing
thousands of dollars in the market.

Your MT4 dashboard will bring clarity and can produce some of the best trades you can
make as a retail Forex trader working from home.

Currency trading is about finding demand and supply zones, in technical terms called
support and resistance levels, it's about finding the flow of money exchanged by the big
traders, the banks, the hedge funds and other large institutions.

We, as small retail traders cannot fight the herd of elephants but we can certainly learn
to follow their footsteps. As a forex trader, our task on a daily basis is to find entry
points just as the big money appears on the chart. A good entry point will allow you
some room for error and at the same time manage risk correctly.

Remember, it’s easy for us retail traders to get in and out of trades but it’s not easy for
the larger market participants with big sized orders to make a sale or purchase without
making a foot print on the chart.

From a positive view point, we have an edge which they don’t.


However, to be successful at this game you will need to learn to think different.

Forex is a game of money designed to “trap” weak hands. As awful as that may sound, it
is exactly that. When you get good at this game you can enjoy the luxuries of life that
will come with your success, there will always be an endless amount of money in the
Forex Ocean.

I hope you are excited.

Let’s get started…

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MT4 Dashboard Components:

To help you get started, you must first learn about the different components of your
dashboard. It is important to understand this, just as it is important to learn about the
different controls on your vehicle before jumping in for a drive for the first time.

Trading and driving are very similar skills, both requiring observation, practice and
patience. Just as we don’t need to learn about the components of the engine, brakes
and suspension of a vehicle to drive a vehicle, you do not need to know about the
mathematical calculations behind each indicator on your dashboard.

It is however important to learn about all the functions and how to use the tools
together to spot potential opportunities and make profitable trading decisions.

Practice is important when you are learning to drive safely, it is recommended to start
on an empty quite road and learn about all the controls first.

Screen time is important when you are learning financial speculation, learn and trade on
a demo account to get use to your new dashboard.

You need to practice to become a good driver with an eye for observation for other
vehicles and pedestrian presence.

You need to watch the charts unfold to get the clarity and confidence you need to trade
the market with real money.

Please be patient and give yourself ample time to learn your new dashboard, trade with
a demo account first.

“Nobody learns to drive in a Ferrari. Be cautious and drive safely.


Crash your demo account, not your real bank account!”

Your forex dashboard is comprised of key indicators that are used together to spot
demand and supply zones, known as support and resistance levels in technical terms.

On the next page you are going to learn about all the important components of your
new forex trading dashboard. Success is only a few steps away…

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Level 2 Compact Grid View:

The level 2 view provides key data information on 5 different timeframes:

1M stands for 1 Minute


5M stands for 5 Minute
15M stands for 15 Minute
1H stands for 1 Hour
4H stands for 4 Hour

PV stands for Pivot Point


S1, S2, S3 are Support levels or demand zones
R1, R2, R3 are Resistance levels or supply zones

Pivot point often dictates daily trend direction.


Price remaining above the pivot develops in to an uptrend.
Price remaining below the pivot develops in to a downtrend.

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Pivot point often tends to hold the market above or below it. Breach of the pivot level
can be of significant importance and a sign that the market is likely to change direction.

Price often tends to run in one direction or the other after the break of the pivot level.
Always know your next Resistance (R1, R2, R3) and Support (S1, S2, S3) levels.

The grid also consists of the above two buttons, depending if your broker allows one
click trading. These are Buy and Sell buttons that are used to purchase and sell the
currency pair in the chart window, usually done in standard lot size.

You can trade mini lots (0.10) and micro lot size (0.01) if your broker permits.
Lot size can be adjusted by clicking on the up and down arrows.
You can also manually enter lot size by clicking on the white box.

Buy and Sell boxes will change colours between blue and red depending on the last
up/down pip movement of the currency pair.

These two boxes will also appear on the top of the level 2 grid view window.
The left box with the number in black is the daily range movement in pips.
Second number is the present change in the market from the open.

Each currency pair has an open and close cycle every 24 hour.
A number if Green displays a positive change from the open.
A number in Red displays negative change or a price drop from the open.

By looking at these numbers we can tell at a glance whether the currency pair is up or
down from today’s open. A larger than average number defines a volatile market.

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There are 3 numbers which will display in red, black and green on level 2 grid view:

Black is the current price now.


Red is the highest price point reached for the day.
Green is the lowest price the currency pair has traded for the day.

You will notice there are 3 arrows (Yellow, Red and Blue) on the level 2 grid view:
These represent important moving averages which are watching on all 5 timeframes.

Yellow arrow is for 21 Simple Moving Average


Red arrow is for 34 Simple Moving Average
Blue arrow is for 233 Simple Moving Average
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Red and green boxes display other important moving average levels across multiple
time frames. Think of these as support and resistance blocks.

When price action on the currency pair is choppy and sideways you will see lots of these
blocks above and below the current price.

The different shades of Green and Red are Fibonacci levels, these are demand and
supply zones. Light and darker shades signify extended market trend extensions.

Market approaching a darker Fibonacci level is often expected to bounce short term and
is great for scalping.

I shall provide some real life examples and also go more into scalping later, however we
must first have a good understanding of how to read all the data on your dashboard
correctly.

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Default Chart Template:

Your Forex Dashboard comes with a default chart template as shown above.

I like to use bars instead of candlesticks because I believe bar charts give a clearer
picture without the added distraction of colours and confusion.

Red candles will often cause panic and distress to traders and is responsible for pre-
mature trades for many. As traders we want to detach ourselves from any type of noise
and hindrance, starting with a clear view of the market.

With your default bar chart you can actually see and analyze the rhythm of the market, I
use this chart to catch larger market swings. I have also included this for you so that you
can have a good understanding of the level 2 compact view which displays the data as
you see on the bar chart however across multiple timeframes.

Your dashboard also comes with the “Scalper Chart Template” that I will go into detail
as well later. For now, please be patient as we are getting there slowly but surely. 

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The red and blue lines that move parallel to each other at the bottom of the chart is the
stochastics indicator with a setting of 8,3,3 .

Stochastics are used as a measure of market cycles, it’s a great indicator to time entries
but must never be used on its own to make trading decisions.

The overlay lines on the bar charts above are Simple Moving Averages (SMA) with
different variations signified by the different colours. These lines represent calculations
of the average price value of the currency pair at any given time multiplied by the
number of previous bars in your chosen timeframe.

Moving average is a common indicator watched by many traders, it is therefore


necessary that we look at these levels for support and resistance to catch bounces and
retracements.

Clear opening moving averages display trend formation and prominence.

A jumbled up chart with moving averages all over is a sign of congestion and to stay
clear. Do not attempt to trade during congestion or sideways market movement as a
beginner, it will only lead you to frustration.
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The dark blue horizontal line is the Pivot level, this line is also visible on the grid window.

Support 1, Support 2, Support 3 are support levels, these dotted lines will display in red
to lighter shades of red for significance.

Resistance 1, Resistance 2, Resistance 3 are resistance levels, these dotted line display in
dark to light green.

To the top left of the chart you will see Yesterday's quotations, which displays:

Yesterday's High
Yesterday’s Low
Yesterday’s Close values.

The blue horizontal line is the center pivot, it is an important level to watch before a
trade is entered. Pivot level tends to hold the market above or below it, a break of the
center pivot level signifies change in market direction.

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Actual Trade Example:

PREVIEW END

Copyright 2017
Copyright 2018 © MT4 Forex Dashboard – ALL RIGHTS RESERVED
http://www.mt4forexdashboard.com/

This PDF manual or any portion thereof may not be reproduced, shared or used in any
manner without the express written permission of the author and publisher.
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Risk Disclaimer:

Trading spot currencies involves substantial risk and there is always the potential for
loss. Your trading results may vary. Because the risk factor is high in the foreign
exchange market trading, only genuine "risk" funds should be used in such trading. If
you do not have the extra capital that you can afford to lose, you should not trade in the
foreign exchange market.

No "safe" trading system has ever been devised, and no one can guarantee profits or
freedom from loss. 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. Variables such as the ability to adhere to a
particular trading program in spite of trading losses as well as maintaining adequate
liquidity are material points which can adversely affect actual real trading results. U.S.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your
investment objectives, level of experience, and risk appetite. The possibility exists that
you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose.

You should be aware of all the risks associated with foreign exchange trading, and seek
advice from an independent financial advisor if you have any doubts. The purchase, sale
or advice regarding a currency can only be performed by a licensed Broker/Dealer.

Neither us; nor our affiliates or associates involved in the production and maintenance
of this product or our website, is a registered Broker/Dealer or Investment Advisor in
any State or Federally-sanctioned jurisdiction.

All purchasers of educational products are encouraged to consult with a licensed


representative of their choice regarding any particular trade, trading system or trading
strategy.

No representation is being made that any account will or is likely to achieve profits or
losses similar to those discussed on our website and in this manual. Past performance of
any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to
trade any specific investments. Trading requires risking money in pursuit of future gain.
That is your decision. Do not risk any money you cannot afford to lose.
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This document does not take into account your own individual financial and personal
circumstances. It is intended for educational purposes only and NOT as individual
investment advice.

Do not act on this without advice from your investment professional, who will verify
what is suitable for your particular needs & circumstances. Failure to seek detailed
professional personally tailored advice prior to acting could lead to you acting contrary
to your own best interests and could lead to losses of capital.

*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.

All information on our website or any e-book or software downloaded or purchased


from this website is for educational purposes only and is not intended to provide
financial advice. Any statements about profits or income, expressed or implied, does not
represent a guarantee. Your actual trading may result in losses as no trading system is
guaranteed.

You accept full responsibilities for your actions, trades, profit or loss, and agree to hold
MT4ForexDashboard.com and any authorized distributors and affiliates of this
information product harmless in any and all ways. Any data and information is provided
'as is' solely for educational purposes, and is not intended for trading purposes or
advice.

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