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HP LETS UNCOVER THE TRUTH ABOUT FOREX

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This document is not for sale, it is created for any one in FOREX who still struggles with a
strategy.
This document does not include forex basics.
This is the modified strategy.

1. HOW TO SET THE STRATEGY ON YOUR MetaTrder4

2. THE PURPOSE OF EACH INDICATOR INCLUDED.
3. RULES ON HOW TO USE THE STRATEGY
4. WHICH BEST TIMEFRAMES EITHER SCALPING OR SWINGING
5. TO IDENTIFY ENTRIES AND EXIT POINTS

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1. HOW TO SET YOUR INDICATORS ON THE PHONE

1.1 You must have a blank screen this means no indicator should be present on
your metaTrader. For example

1.2 Press the f just after your + sign

FIRST STEP

SECOND STEP

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THIRD STEP
Set your stochastic oscillator as follows

%K period 5 then %D period 3 lastly slowing should be 3.

In order to change your levels you need to click on that PEN on levels and set
them as follows:
10 description should be BUY
50 description should be WAIT
90 should be SELL.

Then go back and you should have this:

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Go back to the f then click on the press

Go to MOVING AVERAGES you must change the following: YOU MUST HAVE 6
MA ON YOUR INDICATOR WINDOW

THE FIRST MA
Period to 200
Shift must be 0
Method must be exponential
Apply to must be Median Price (HL/2)
STYLE must be 2 pixel with the colour of your choice.

THE SECOND MA
Must be the same as the first one but period must be 100 and change the
colour of your choice.

THE THIRD MA
Must be the same but period changes to 5 and with colour red.

THE FOURTH MA
Must remain the same but with period 8 with yellow colour

THE FIFTH
Must be th4e same but period 13 with blue colour

TH SIXTH MA
Must be the same but period 21 with a pink colour.

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 Your indicator window must be as follows:

2. THE PURPOSE OF MOVING AVERAGES

Their underlying purpose remains the same: to help technical traders track the trends of
2.2. 200 DAY MOVING AVERAGE
The purpose of this MA is a popular technical indicator which investors use to analysze price
trends. It is simply a security’s average closing over the last 200 days.

In this case the MAs shows the direct/trend of the market all MAs combined.
MAs shows the current price on the market
Stochastic oscillator shows momentum or who buyers and sellers reacts to the
current price.

3. RULES/HOW TO APPLY THE STRATEGY

3.1 FOR SCALPING
As we all know that scalping means specializing in taking profits on small price
changes, generally soon after a trade has been entered and has become profitable. It
requires a trader to have a strict exit strategy, because one large loss could eliminate
the many small gains the trader has worked to obtain.

In this strategy when scalping we recommend lower time frames from m1 till m15
timeframe.

 ZOOM OUT, MAKE THE PLATFORM SMALLER TILL YOU CANT ZOOM OUT
ANY LONGER.
 YOUR PLATFORM SHOULD BE IN THE MIDDLE OF YOUR SCREEN YOU CAN
DO THIS BY DOUBLE TAPPING ON THE SCREAN THEN HOLD THEN DRAG IT
TO THE LEFT.

A BUY SIGANL/SETUP
ENRTY ON M1 ONLY

M1 is good on its own, your MAs should be at 10 and stochastic also.

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Example

In case stochastic left 10 but MAs are still at 10 WAIT for stochastic to return to 10
and cross itself going up then enter as re-entry.

EXIT
Exit your entry when MAs are at 90 not stochastic but MAs.

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When you have identified an opportunity on M5 Timeframe
You got back to m1 as a confirmation. If on m5 stochastic is at 10 also the MAs then
go to m1 to check if it responding the same, if both on m1 and m5 stochastic ans
MAs are 10 then you can enter your buy.

This example shows that m1 and m5 where corresponding/showing the same

entries.

EXIT
Since your entry was identified on m5 you exit must be based on m5 when MAs are
at 90 it is set as TP.

When your identified an entry on m15 got to m5 to see if they saying the same thing

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If on m5 stochastic has left 10 already wait to for stochastic to return and cross itself
going up as re entry.

EXIT
Exit on m15 since you identified an entry on m15 when MAs are at 90.

SELL ENTRIES
M1
MAs should be at 90 together with stochastic
If MAs are 90 but not stochastic wait for stochastic to return to 90 then enter as a
sell as a re enty.
EXIT
Exit on m1 when MAs are at 10 .

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M5
If opportunity is identified on m5 got to M1 for confirm for a sell both m1 and m5
should say the same thing

If they are corresponding you can enter.

EXIT
Exit based on m5 when everything is at 10

M15

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EXIT
Exit when MAs are at 10 on m15 Timeframe.

PLEASE BE PATIENT THAT’S WHAT MAKES YOU A TRADE ONE LOSS MUST NOT
DISCOURAGE YOU.

CREATED BY KUTLWANO KOMANE

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