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PROFIT
WINNER
User Guide
March 2014 http://www.tripleprofitwinner.com
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DISCLAIMER
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COPYRIGHT
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Introduction
Triple Profit Winner has been released on March 2014. This indicator is using
the most up-to-date trade confirmation technology. No wonder it can easily be
called the most reliable and safe trading tool of the last couple of years.
Triple Profit Winner generates 3 signal lines to inform you of changes in trend
behavior. I will explain how to interpret the lines colors further down.
The amount of signals depends on which timeframe you are using. Lower
timeframes such as M5 or M15 will give you more signals, but if you use higher
timeframes H1 or above, you can expect less signals but with much higher
profit. It all depends on what trading style suits you the most.
Also, the change of a trend almost always means that there will be a new trading
signal. If the price is going in a specific direction the signal will only be
generated when it's going to reverse. This lets us make maximum profit from
each trade.
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Triple Profit Winner software package includes:
- Brand New 2014 FX trading algorithm, which makes your trades 3 times more
accurate and safe
- Step-by-step user's guide with trade examples and explanation on how to use
Triple Profit Winner indicator.
- "I will help you promise" from the developer. Email me with any questions, I
am always here to help you with anything. Your success is very important for us.
You can achieve some amazing results with Triple Profit Winner. Just learn the
basics explained in this guide and remember to always follow the rules. If you
do so, your profits could soon go through the roof!
Please try using the indicator on a demo account first. Only move to trading
with it on a live account, once you are completely familiar with Triple Profit
Winner and know the simple rules on how to use it correctly for maximum
gains.
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IMPORTANT: Make sure to update your MT4 to the latest build (build 600).
Triple Profit Winner is designed to give you best results and to work properly
only with the latest version of MT4 platform.
If you don't have MetaTrader ® installed, please download it from this link:
http://www.alpari.co.uk/files/site_uk/000software/MT4_set_up.exe
Step 1:
1) Open your MT4 platform
2) Click File — Open Data Folder
Here you will find a folder called MQL4, this is the new “home” for all your .ex4
or .mq4 files you have
3) Open folder MQL4. Here you will find Indicators folder
Copy your Indicator (ex4 or .mq4) files into MQL4/Indicators folder.
Do this by right clicking on the file and clicking “copy”
4) Restart your MT4
If you have any difficulties, please contact our technical support and we will
help you as soon as possible.
Step 2: Open the MetaTrader® platform, and click on View -> Navigator.
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You can also press CTRL+N.
Click on 'Navigator'
The Navigator
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Step 4: You should see the TripleProfitWinner in the Custom
Indicators folder. Double click on the Triple Profit Winner and click OK to
load it onto your chart. If you need any assistance, please contact our technical
support team.
Informer
For your convenience Triple Profit Winner has a simple, yet very helpful
informer that will help you throughout your trading. It's located in the upper left
corner of you charts. Here is how it looks.
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IMPORTANT RULES - How to use the signals
Trend will not be noticeable on a weak market (night time, Christmas period,
other holidays etc…) keep reading and I will explain everything ...
Rule #1
Example:
Rule #2
The next highly important rule: Do not trade and do not use the
indicator on a sideways trend. This is a “MUST follow” rule.
If you DON’T follow or ignore the rules above – good results are NOT
guaranteed!
Stop Loss
You can adjust the SL extra number of pips in the indicator INPUTS.
IMPORTANT: Set stop loss for ALL your trades and DO NOT deviate from it.
Once the trade has touched your stop loss, be disciplined and close the trade.
This will protect you from major capital losses.
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Entering Trades
The Triple Profit Winner © generates a signal when all 3 of the signal lines
come into an agreement. The rule explained below will help you to understand
use the signals correctly.
To make sure you fully understand the rule given above, please go through the
in-depth long and short trades explanations shown below.
The Triple Profit Indicator generates a long (buy) signal when all 3 of
the signal lines are "blue", "green" and "pink" at the same candle.
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The Triple Profit Indicator generates a short (sell) signal when all 3 signal lines
are red, orange and yellow at the same candle.
Now, all 3 signal lines are red, orange and yellow, which means they are in a
total agreement. Right now, the signal becomes 100% valid and we can safely
exit our previous long (buy) trade and enter the new short (sell) trade.
Exiting Trades
Option 1
Exit trades when the Triple Profit Winner issues the opposite trading
signal. This ensures that you trade with maximum profits and right before the
market is expected to reverse.
If you enter on a buy signal (blue, green, pink) - exit as soon as a sell signal is
generated (yellow, orange, red).
If you enter on a sell signal (yellow, orange, red) - exit as soon as a buy signal is
generated (blue, green, pink).
Important Note: You should NOT enter/exit when only 1 or 2 signal lines give
the correct color. All 3 signal lines must be in 100% agreement for a signal to be
valid.
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Enter/exit buy only when all 3 signal lines are blue, green, pink.
Enter/exit sell only when all 3 signal lines are yellow, orange, red.
Option 2
Remarks: You can adjust TP and SL levels depending on your trading style.
This can be done at the indicator inputs.
Option 3
Another exit mechanism which is highly effective is to exit near strong support
or resistance levels. It is a method that generates exits earlier, so you take
profits early.
Input Parameters:
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All the Inputs are ready to use/trade by default. You don’t have to change
anything.
If you wish you may change the sound (aAlerts) and email (EmailOn) alerts to
true/false.
The most important indicator inputs are SignalPeriod(1,2 and 3). I highly
recommend you DO NOT change these settings, as they work based on a very
complicated specially adjusted trading strategy.
Stop Loss and Take Profit (aStop_Loss and aTake_Profit) – preset extra
number will be added to the previous bar high or low and displayed in your
popup alert. I also highly recommend to use the default values for SL and TP,
however you can change them according to your personal preference.
You can also change color of buy/sell signals for all the 3 signal lines. The inputs
responsible for this are Line1,2,3 Up and Line1,2,3 Down.
In the very bottom of the input parameters, below the color settings, you can
find an input called Corner. It's set by default to 0. This input is responsible for
moving the info box in any of the corners of your trading chart. 0 - upper left
corner, 1 - upper right corner, 2 bottom left corner and 3 bottom right corner.
It's useful to change this input when the info box is coming on top of the price
and makes the signals hardly visible.
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EMAIL alert setup:
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Email alert is already activated in the Triple Profit Winner INPUTS, all you
have to do is setup your own mail server info…
Email setup can be done in: Tools => Options => Email
If you need more info on how to setup an email alert, go to youtube.com and
search for ”mt4 email setup” there are plenty of free video samples.
Recommendations
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Do not use the indicator on a weak/slow market – outside
recommended trading hours ( London or US sessions ).
Signals never work well on a weak market, this has been
proven many times…
The London session is the largest market and opens at 8.00GMT or 3AM EST
and closes at 17.00 GMT or 12 PM EST.
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The New York session opens at 13.00 GMT or 8 AM EST and closes at
22.00GMT or 5 PM EST.
Example:
If the current trend is up and the indicator shows “BUY” signal – place a trade.
If the current trend is up and the indicator shows “SELL” signal – NO TRADE!
Wait for the next “BUY” signal…
Stay away from using the signals and open trades on unclear trends or
sideways trends – example:
Money Management
You should only risk 1-3% of your account on any single trade. You
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may have heard this rule a hundred times before, but it is amazing to see how
many good traders fail to comprehend this concept – and don't understand
why they are wiped out again and again, despite great entries and timing of
trades.
This stop loss is calculated regardless of your level of risk or your equity,
and is based solely on price-action. After a stop loss is set, calculate your trade
size so you achieve the right percent of risk for your trades.
For example: your stop loss is 10 pips, and your equity is 10,000$, you wish
to risk 2% of your equity in this trade, so you enter a trade with 2 lots – so
your risk is 200$, or 2%.
March 2014
www.tripleprofitwinner.com
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Special offer for V.I.P. members only
Highly recommended by Karl Dittmann:
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"Premium FX Scalper"
Exclusively for members (Super Profitable Scalping Tool)
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Best of Luck!
Karl Dittmann
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