Disc/aimer

Trading foreign exchange on margin carries а high level of risk, and may not Ье suitaЫe for all
investors. Past performance is not indicative of future results. 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 possibllity exists that
you could sustain а loss of some or all of your initial investment and therefore you should not invest
money that you cannot afford to lose. You should Ье aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.

FX TAURUS PRO - MANUAL

Welcome to the FX Taurus Pro System ! With this manual, we're going to walk you through
installing, configuring and trading with FX Taurus Pro, and share some tips along the way.

The FX Taurus Pro is an incrediЬly versatile system, allowing you to take advantage of
trend following, AND counter trend trades. The system works best when paired with your
market knowledge around support & resistance areas, higher timeframe trends and price
action. FX Taurus Pro presents you with frequent trade opportunities, and allows Y U the
trader to make the best trading decisions with the information at hand

lnstalling FX Taurus Pro

The FX Taurus Pro System consists of 2 files:

• FX Taurus Pro.ex4 (lndicator File)

• FX Taurus Pro.tpl (Template File)

Once you have downloaded the system, navigate to your Metatrader 4 Data Folder Ьу
Selecting File - > Open Data Folder
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Once the folder opens up, navigate to MQL4 -> lndicators.

Place the FX Taurus Pro.ex4 file in this folder

Navigate back to the main Metatrader 4 folder, and locate the "Templates" folder.
Place the FX Taurus Pro.tpl file in this folder

Close the folder view, and restart Metatrader 4, Once restarted, right-click on any open chart, and
choose "Templates", and select "FX Taurus Pro, . You can open as many charts as you like, and apply
ORG
the template to them.
.
Your charts should look something like this:

FXSA
You have successfully installed FX Taurus Pro, and сап continue trading with the system !
 Trading FX Taurus Pro

Тimeframes

FX Taurus Pro can Ье traded on any time frame, however we recommend focusing your
attention on the following:
• MS
• MlS
• мзо
• Hl
• Н4

Pairs То Trade

FX Taurus Pro works well with all currency pairs. However we like to trade the followings pairs:
EUR/USD, USD/GBP, EUR/JPY, GBP/CHF, AUD/CAD & USD/CHF.

Trading the FX Taurus Pro

The FX Taurus Pro favours а trend following approach; however advanced entries can
Ье taken counter-trend with the proper knowledge

First off, let's understand the elements of the indicator on the chart.

1) Sell Zone between the red lines

2) Buy Zone between the green
lines З) Take Profit Level
4) Recommended Stop Loss & Lot Size for Sell Trade
5) Recommended Stop Loss & Lot Size for Buy Trade
6) Advanced Entry Trend Confirmation (Red)
7) Advanced Entry Trend Confirmation (Blue)
8) Overall Trend Conditions
 9) Current Warning Conditions

Live Ехатр/е

Let's look at an example of а Buy Trade Scenario.

Неге we have а GBPJPY М15 chart. With our trend following system, the first thing we are
looking for is to identify the current prevailing trend We do this Ьу looking at the buy and sell
zone channels (Red and Green parallel Line). ln the example above, we can see that the
channels are pointing upwards, indicating а bullish market This may on occasion Ье further
confirmed in the top right of the screen "LONG trades only", or other related market
messages. ln this market we are only looking for long trades, and thus we are waiting for
price to enter our Buy Zone channel between the 2 green lines.

Once price is between the green lines, we confirm ,our entry based off the current higher timeframe
trend, as well as being aware of any support and resistance areas nearby, as well as the impact of
any applicaЫe news. lf all is clear, we place our buy order, at the recommended lot size, and set our
Stop Loss as indicated on the chart. As you can see in the image above, we entered at а price of
148.550. Entering as close as possiЫe to the outer Green/Red line is advisaЫe, as this
gives you the best possiЫe risk:reward ratio.

ln terms of Take Profit, there are а number of different levels you can use. Our recommendation,
and the safest bet is to use the middle channel line {salmon color) as your Take Profit. This is а
conservative approach. For а more aggressive approach, you can set your Take Profit at the
opposite trade channel, so in this case you could set it at the lower Red line. lf you like, you could
also close half of your trade at the middle (salmon) channel line, and the rest at the lower red
line, or simply set no Take Profit at all, and simply trail your Stop Loss.

Our trade continued upwards to the Take Profit level, and resulted in а quick 70 pip profit.
Our risk:reward ratio for the trade was roughly 1:3. Tra,ding on а positive risk:reward ratio
will most definitely give you an edge as far as your money management is concerned.
Неге we have another trade, this time the AUDUSD on а Н1 chart. This short was taken
after а retrace against the main trend, and entered right in the middle of the zone. Again,
as close to the outer zone line as possiЫe is рrоЬаЫу your best bet .

During the trade there were а few small retracements, but the main trade was too strong
and our take profit level was easily hit.
You may also consider counter trend trading, to add some interesting scenarios to your trading
lineup, however this is only advisaЫe if you are confident trading counter trend systems, and
know exactly what to look for. Counter trend trades are taken against the prevailing trend, and
look to capitalize off of the retracements after а certain movement in price action. Support and
Resistance levels as well as an understanding of market cycles will do well to guide you in
counter trend trading. You will also want to make use of the Red and Blue curved lines оп the
indicator to help you anticipate these retracements and time them properly