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Forex Dynamite Instruction

Manual & Installation Guide



Contents

Disclaimer.................................................3

Installation...........................................................4

How to Set up your Charts...............................................6

Forex Dynamite Trading System Rules.....................10

Explaining the Forex Dynamite Chart & Indicator Windows...11

Entry Rules – Long Trades................13

When to exit a Long Trade....................15

Entry Rules – Short Trades.................17

When to exit a Short Trade......19

Questions & Support.................21

Final Thoughts & Affiliate Info...........................22



U.S. GOVERNMENT REQUIRED

DISCLAIMER

FOREX TRADING CAN OFFER LARGE POTENTIAL REWARDS; BUTALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THERISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO TRADEOR INVEST IN FOREX. NEVER TRADE WITH MONEY YOU CAN‟T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR ANOFFER TO BUY OR SELL CURRENCIES, FUTURES, STOCKS OROPTIONS. NO REPRESENTATION IS BEING MADE THAT ANYACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSESSIMILAR TO THOSE DISCUSSED IN THIS MATERIAL. PASTPERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGYIS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATEDPERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKEAN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DONOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADESHAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDEROR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAINMARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED

TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THEFACT THAT THEY ARE DESIGNED WITH THE BENEFIT OFHINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANYACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSESSIMILAR TO THOSE SHOWN.

OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USEDAS LEARNING AIDS ONLY AND SHOULD NOT BE CONSTRUED ASINVESTMENT ADVICE. IF YOU DECIDE TO INVEST REALMONEY, ALL TRADING DECISIONS ARE YOUR OWNRESPONSIBILITY. BY USING FOREX DYNAMITE ON A

LIVE ACCOUNT WITH REAL MONEY THE USER AGREES TO NOTHOLD THE SYSTEM DEVELOPER LIABLE FOR ANY TRADINGDECISIONS MADE BY THE USER.THE DEVELOPER OF FOREX DYNAMITE SYSTEM WILL NOT BEHELD LIABLE FOR ANY REAL MONEY LOSSES INCURREDTHROUGH USE OF THE FOREX DYNAMITE SYSTEM.



Installation

Forex Dynamite has been coded and designed to run on the free of charge

METATRADER 4 trading platform. If you are already using a broker that doesn‟t useMT4 that‟s OK, you can just download a copy from a broker that offers a demoaccount. You can then run Forex Dynamite on the demo account to generate yourentry and exit signals, and then just enter and manage your orders through yourcurrent broker.

If you need to select a broker that uses the MT4 platform, you may want to read thebroker‟s website and base your decision on how long the demo account remainsactive so you don‟t have to keep signing up for accounts. For example, at the time this manual is being written I know that INTERBANK FX(www.interbankfx.com) offers an unlimited demo account as long as it

remains active by being accessed at least once every 30 days.

After selecting your broker, download the MT4 platform from their website to yourcomputer following their instructions. You may also download the platform directlyfrom the developer‟s website at www.metaquotes.net/terminal, but this may limit thebrokers that you are able to select to use.

Once the MT4 platform is successfully installed on your computer it‟s time to install and set up the Forex Dynamite system and custom indicators.

1- Go to the folder entitled “Forex Dynamite Indicators” in the

“zipped” file that you received when you purchased the system. Once you‟ve opened the folder and see the indicator files, go to „EDIT‟ in the toolbar at the top of your computer and choose „SELECT ALL‟ to put them on your clipboard so that you may copy these files into your MT4 platform.The files should be saved in the following directory on your computer:

C:/PROGRAM FILES/METATRADER/EXPERTS/INDICATORS (orNAME OF BROKER;

For example I use FXDD as my broker. I therefore copy the files to:

C:/PROGRAM FILES/FXDD – MetaTrader 4/EXPERTS/INDICATORS



2- Once you have the broker‟s “INDICATORS” folder open, just click on „EDIT‟ again in the toolbar and choose „PASTE‟.

3- Now to install the template that will help you automatically set up yourcharts. Go to the “Forex Dynamite Templates” folder in the “zipped”

file emailed to you when you purchased the system. When you open it,you‟ll see a “ForexDynamite.tpl” file.Once you see the file, click „EDIT‟ and „SELECT ALL‟ to copy it to your clipboard.The file should be saved to the following directory: (Please pay attention and make sure you have the correct folder open. There are two folderslabeled “TEMPLATES” inside MT4 and if you put the templates in the wrong location they won’t show up when you open the platform).

C:/PROGRAM FILES/METATRADER (or NAME OF

BROKER)/TEMPLATES

As I use FXDD I copy the ForexDynamite.tpl file to:

C:/PROGRAM FILES/FXDD – MetaTrader 4/TEMPLATES

Again, please double check that you have the correct folder open… NOT the “TEMPLATE” folder located inside the “EXPERTS” folder.

4- Once you are sure you have the correct “TEMPLATE” folder open, just click on „EDIT‟ in the toolbar and choose „PASTE‟.

Your installation is complete! If your MT4 platform was already open on yourcomputer, you must close it and re-open it before the indicators and templates willshow.



How to Set up your Charts

Open your MT4 platform (or close it and re-open it if it was open when you installed

your files).

Choose „FILE‟ from toolbar at the top left of the trading platform. Then choose „NEW CHART‟ and then select the currency pair you want. You should now see an image similar to this on your screen:

To set up the Forex Dynamite system, go back to the toolbar and select

„CHARTS‟, then down to „TEMPLATES‟, then select the proper template.

If you‟re NOT seeing the templates in the template window it probably meansyou installed the template files in the wrong folder.Please go back to the installation instructions and double check to make sure they‟rein the right location.



After you have installed the template your chart should look like this (below):



After you have installed the Forexdynamite Template you need to drag “n” drop thecustom indicators to the graph. You will find the custom indicators in the navigatorsection of the MT4 package. You need to drag “n” drop each customer indicatorindividually. The Forexdynamite indicators are of the file type “FD – Price” etc.

After you have added all the custom indicators to your chart, your chart should nowlook similar to this:

THIS IS IMPORTANT!!! You should limit the number of charts youkeep open on your trading station. The more charts you leave active,the slower your computer may run. Each chart is responsible fordozens of constant complex mathematical calculations from the datafeed to display the information on the screen. If you’re finding that your computer is running very slow you may need to reduce the numberof active charts in your platform or install the MT4 platform andForex Dynamite system on a second computer and split the chartsyou trade between two computers. Also, you should close out yourcharts before closing down the platform and reload your charts usingthe templates provided when you re-open the platform next time.

Leaving too many charts open could cause your platform to load slowlythe next time you open it.

Congratulations! Your Forex Dynamite is now set up and

ready to use. If you are unfamiliar with the MT4 platform, you‟ll want to take some time to learn how to use it. MT4 is a professional chartingplatform that offers many great features and functions.



I would recommend downloading a copy of the MT4 User Guide fromwww.metaquotes.net and either save it on your computer or print it out for futurereference. You may also use the „HELP‟ file in it too.



Forex Dynamite Trading System Rules

Here are some general things to remember every time you trade:

Always follow your trading plan. Not following the trading plan isthe number one mistake Traders make. You must know exactly what you aregoing to do from start to finish BEFORE you enter a trade, and stick with it.Don‟t second guess yourself in the middle of a trade. If you can‟t overcomethis hurdle you won‟t be around as a Trader for long.

Always use proper money management. You should know the size of theposition you are going to take before entering a trade and ideally it shouldnever mean more than a 1-2% risk to the current equity in your account. The

lot size is a variable depending on the equity in your account and the currencypair you are trading. Depending on the currency pair‟s volatility you may needto reduce the lot size on that pair.

Always use a stop loss Trading without stops is suicidal. If you lose yourinternet connection or your computer crashes you could lose more money ona trade than you wanted to. If something unexpected happens in the world tocause a „price shock‟ like a terrorist attack, major natural disaster, oreconomic catastrophe your entire trading account could be wiped out in amatter of minutes or hours. The first thing you should do when you enter yourtrade is enter your stop loss. „Take profit‟ amounts can be left blank… stop

losses should NEVER be!

Those are just three key things to think about when you begin any tradingsession. You must master these elements before you‟ll be able to be sucessful. Don‟t even think about risking real money before you have themmastered. Remember, know the information in this User Guide, and read theinformation in the other e-books for more detailed explanations regardingthese situations and more that you need to know.



Explaining the Forex Dynamite Chart &

Indicator Windows

Here is a picture of the Forex Dynamite system on a chart. Each element of thesystem is explained below:

Buy Alert Arrow - When a trade begins settingup, you‟ll see a large arrow appear at the close of the candle pointingin the direction of the impending trade.This arrow may or may not be an entry signal depending on the other indicators.

Sell Alert Arrow - When a trade begins settingup, you‟ll see a large arrow appear at the close of the candle pointingin the direction of the impending trade.This arrow may or may not be an entry signal depending on the other indicators.

Small Trend Up Arrow - Signals the intermediate trend of price action betweenthe “alert arrows”

Small Trend Down Arrow - Signals the intermediate trend of price actionbetween the “alert arrows”

Current Price – The current price of the currency pair. Will bea green font if the previous tick movement was upwards. Will be red if the previoustick was downwards.



Countdown timer - Time ticks down until the price bar will expire mm:ss

Stop Loss Calculator – The Stop loss is based the

Average True Range volatility, and the minimum stop loss recommendation.

Moving Averages – 5period moving average applied to high (upper line)and low (lower line) of price action.

Price Bars – These price bars are the average price bars of thetime-frame. This removes all false exit signals, and are another confirmatoryindicator.

Traders Sentiment Index

1. Relative Strength Index (RSI Price Line) coloured green

2. Trade Signal Line coloured red.

3. Market Base Line coloured yellow.

4. Volatility Bands coloured blue.

FxTrend - This proprietary indicator shows a fast trend. Thisjust has to be in agreement with the alert arrow (Blue for up/Red for down).



Entry Rules – Long Trades

Long Entry:

1. Blue Alert Arrow Printed on Chart2. RSI Price Line is crossing / climbing above Market Base Line (MBS) and Trade Signal

Line from below; placed between 50 – 68 lines and trending up.3. Price Bar is green and closing above SMA 5 (Moving Average) tunnel.4. SMA 5 tunnel is trending up.5. FX Trend bar is Blue You may consider doing an entry if RSI Price Line crossing upper Volatility Band from below.

But you must prepare to exit when it moves down.

Lets us have a look at what this looks like on a graph

So what we can see from the following chart is:

1. Blue Alert Arrow Printed on Chart2. RSI Price Line is crossing / climbing above Market Base Line (MBS) and Trade

Signal Line from below; placed between 50 – 68 lines and trending up.3. Price Bar is green and closing above SMA 5 (Moving Average) tunnel.4. SMA 5 tunnel is trending up.5. FX Trend bar is Blue

This particular trade was entered at 1.0612 with a 57pip stop loss. It was exited at1.0684 for a profit of 72pips!



Let‟s have a look at another example of a long entry:

So what we can see from the following chart is:

1. Blue Alert Arrow Printed on Chart2. RSI Price Line is crossing / climbing above Market Base Line (MBS) and Trade

Signal Line from below; placed between 50 – 68 lines and trending up.3. Price Bar is green and closing above SMA 5 (Moving Average) tunnel.4. SMA 5 tunnel is trending up.5. FX Trend bar is Blue




When to exit a Long Trade

Exit for Long:

Choose one of the following:

1. Price bar is much shorter than previous, or change into red.2. Price Bar closes below the SMA5 tunnel.3. Price Bar closes and a small (intermediate trend) arrow forms opposite direction to

your position.4. RSI Price Line is crossing Trade Signal Line from top, or it is placed above 68 lines.5. You‟ve got more than 50 – 100 pips.6. Your stop loss is hit.

Let‟s look at the exit conditions on our previous trade:

1. We closed on the basis of the small red arrow (1)

2. However, we could have closed on the basis of the RSI price line crossing the Trade

Signal line (2)

3. Profit was over 100 pips (3)



Let‟s have a look at our exit conditions for the 1st long trade:

1. We closed on the basis of the small red arrow (1)

2. However, we could have closed on the basis of the RSI price line crossing the TradeSignal line (2)




Entry Rules – Short Trades

Short Entry:

1. Red Alert Arrow Printed on Chart2. RSI Price Line is crossing/diving below Market Base Line (MBS) and Trade Signal

Line; placed between 32 – 50 line, and trending down.3. Price Bar is red and close below SMA5 (Moving Average) tunnel.4. SMA 5 tunnel is trending down.5. FX Trend bar is Red.

You may consider doing an entry if RSI Price Line crossing low Volatility Band from top. But

you must prepare to exit when it climbs up.

Lets us have a look at what this looks like on a graph






Let‟s have a look at another example of a short entry:






When to exit a Short Trade

Exit for Short:

Choose one of the following:

1. Price bar is much shorter than previous, or change into green.2. Price Bar closes above the SMA5 tunnel.3. Price Bar closes and a small (intermediate trend) arrow forms, opposite direction to

your position.4. RSI Price Line is crossing Trade Signal Line from below, or it is placed below 32 lines.5. You‟ve got more than 50 – 100 pips.6. Your stop loss is hit.

Let‟s look at the exit conditions on our previous trade:

1. We closed on the basis of the small blue arrow (1)

2. However we could have closed on the basis of the RSI Price Line is crossing Trade

Signal Line from below (2)




Let‟s have a look at our exit conditions for the 1st short trade:

1. We closed on the basis of the small blue arrow (1)

2. However as the Profit was over 150 pips, it was smart to exit here (2)

There are many reasons to exit a trade (listed above) and there is no right and wrong

method. But you want to exit in profit, and before a change in trend can hurt your profit.



Questions & Support

I took the time to write a very thorough User Manual for the Forex Dynamite system becauseI want everyone who uses it to be successful.Please take the time to study and reference it while you are learning thesystem. The answers to just about every question you may have should befound right here within this e-book. And if you can‟t find the answer to your question in this manual, please do not hesitate to email me [email protected] remember that I am a trader first and a system designer second, so it may take meawhile to answer you. I kindly ask that you give me at least 24 hours to respond.

mailto:[email protected]

mailto:[email protected]



Some Final Thoughts...

Now you know the rules of the Forex Dynamite system. Very easy toimplement, don‟t you think? Just remember… you must follow the rules if you want to be a successful trader. I know the temptation will be there towant to „tweak‟ the rules, but please don‟t. Follow the plan as it‟s laid out here and I‟m sure over time you‟ll be happy with the results. Overcoming your inability to trade the same plan every time you initiate a trade is whatstands between you and becoming a successful trader. Remember, theForex Dynamite system isn‟t the “Holy Grail”. There will be losses, but if you follow the system rules, the losses should be smaller and less oftenthan the winners and you‟ll grow your trading account in the long run.

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