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Nanotrader FX Manual

1) The document provides instructions for installing the NanoTrader FX indicators and template into the Metatrader 4 platform by copying files into the appropriate folders. 2) It describes how to add or remove currency pairs from the NanoTrader Analyzer indicator by editing its inputs tab and provides an example of pairs formatted correctly. 3) Rules for entering buy and sell trades using signals from the NanoTrader Analyzer and Signal indicators are outlined, including identifying valid signal colors and guidance on placing stops and taking profits.

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Farrasz Yr
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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222 views9 pages

Nanotrader FX Manual

1) The document provides instructions for installing the NanoTrader FX indicators and template into the Metatrader 4 platform by copying files into the appropriate folders. 2) It describes how to add or remove currency pairs from the NanoTrader Analyzer indicator by editing its inputs tab and provides an example of pairs formatted correctly. 3) Rules for entering buy and sell trades using signals from the NanoTrader Analyzer and Signal indicators are outlined, including identifying valid signal colors and guidance on placing stops and taking profits.

Uploaded by

Farrasz Yr
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NanoTrader FX

Manual

Part A: Installing NanoTrader FX To Metatrader 4

This rar file comes with 2 custom MT4 indicators and 1


MT4 template.

Installing the indicators:

Copy and paste the “NanoTraderAnalyzer.ex4” and the


“NanoTraderSignal.ex4” in the MT4 indicators folder.

How?
Open your Metatrader 4 platform and from the top menu >
File > Open data folder > MQL4 > Indicators (copy here)

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Installing the template:

Copy and paste the “NanoTrader.tpl” in the MT4


templates folder.

How?
Open your Metatrader 4 platform and from the top menu >
File > Open data folder > Templates (copy here)

Now close and re-start your Metatrader 4 platform.

Open any chart and attach the NanoTrader template to


that chart.

How?
Right click in the chart > Template > select the
NanoTrader template

The chart with the NanoTrader template


attached should look like this:

Tip: You can quickly load another chart by double clicking


on any of the NanoTrader Analyzer (left of the screen)
market quotes.

2
Adding or Removing Symbols From The NanoTrader
Analyzer

You can access the NanoTrader Analyzer as follows:

Right click in the chart > indicators list

Select here the NanoTraderAnalyzer and press Edit.


Then click the “Inputs” tab.

Add or remove pairs in both the “OwnPairs” and “Symbols” list.

Make sure you enter exactly the same quotes twice to get it
to work. Finally press ok.

Important: the symbols must match your broker’s


Market Watch quotes.

3
For instance, if you broker displays EURUSD as EURUSDi,
than you”ll need to enter the quote like this.

Separate all symbols by adding “,” in between two quotes.

Here’s an example of how I added the quotes I


wanted at broker XM.COM MT4

EURUSD,USDJPY,GBPUSD,USDCHF,AUDUSD,AUDCAD,AUDCHF,
AUDNZD,CADJPY,AUDJPY,CADCHF,CHFJPY,EURAUD,EURCAD,E
URCHF,EURGBP,EURNZD,EURJPY,GBPAUD,GBPCAD,GBPCHF,GB
PJPY,GBPNZD,NZDCAD,NZDCHF,NZDJPY,USDCAD,GOLD

Setting up NanoTrader FX Signal alerts

NanoTrader FX comes with onscreen, email and push alerts.

You can enable/disable the alerts you want from


the indicator inputs tab.

How? Right click in the chart with both indicators


attached on it and press the indicators list.

Note: The NanoTraderAnalyzer DOES NOT send out alerts,


instead, select the NanoTraderSignal indicator and then
press “edit”.

Then go to the “Inputs” tab to modify its alerts and some


other input parameters (if you like to experiment with this).

You can enable/disable alerts.

Finally press the “OK” button to save your preferences.

4
Here’s a great video on how to set MT4 push & email alerts:

https://www.youtube.com/watch?v=p7zxvG_JKrM&t=258s

NanoTrader FX works on any timeframe from M1 up to


the monthly.

For scalping purposes, use M1 and M5 trading charts.


For day trading, use the M5, M15 and M30 charts.

For swing trading, I recommend to use the H1, H4 and


daily trading charts.

Part B: Buy And Sell Trading

Rules 1. Buy Signal

Open a BUY trade when the NanoTrader Analyzer bullet is


colored BLUE and the NanoTrader Signal bullet is colored
BLUE as well.

The GBPUSD chart above displays 2 valid buy signals. The


NanoTrader Analyzer Bullet is colored BLUE and the
NanoTrader Signal Bullet is colored BLUE as well.

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 This is a valid signal to open a buy trade.
 Place a stop loss below the most recent low.
 Exit the buy trade (4 options): close the open sell t r a d
ewhen a magenta bullet appears on the chart, go for a
fixed profit target*, go for at least 2:1 reward to risk ratio
or exit the trade near the previous swing high level
(resistance).

*About the fixed profit target: The vast majority of traders


prefer to go for a fixed profit target. It’s simple and you
don’t need to calculate anything.
Below you will find some typical take profit targets for
the different time frames:


 M1 chart: Aim for 10-25 pips

 M5 chart: Aim for 20-35 pips

 M15 chart: Aim for 25 -40 pips

 M30 chart: Aim for 30-75 pips

 H1 chart: Aim for 50-120 pips

 H4 chart: Aim for 80-200 pips
 D1 chart: Aim for 125-300 pips

Ignore any sell signal (PINK bullet) when the


NanoTrader Analyzer is colored BLUE for the currency
pair you are looking at!

2. Sell Signal

Open a SELL trade when the NanoTrader Analyzer bullet is:


colored PINK and the NanoTrader Signal bullet is colored PINK
as well.

6
The USDJPY chart above displays a valid sell signal. The
NanoTrader Analyzer Bullet is colored PINK and the
NanoTrader Signal Bullet is colored PINK as well.

 This is a valid signal to open a sell trade.


 Place a stop loss above the most recent high.
 Exit the sell trade (4 options): close the open sell trade
when a blue bullet appears on the chart, go for a
fixed profit target*, go for at least 2:1 reward to risk
ratio or exit the trade near the previous swing low
level (support).

*About the fixed profit target: The vast majority of traders


prefer to go for a fixed profit target. It’s simple and you
don’t need to calculate anything.

Below you will find some typical take profit targets for
the different time frames:


 M1 chart: Aim for 10-25 pips

 M5 chart: Aim for 20-35 pips

 M15 chart: Aim for 25 -40 pips

 M30 chart: Aim for 30-75 pips

 H1 chart: Aim for 50-120 pips

 H4 chart: Aim for 80-200 pips
 D1 chart: Aim for 125-300 pips

Ignore any buy signal (BLUE bullet) when the

NanoTrader Analyzer is colored PINK for the


currency pair you are looking at!

7
3. No Trend (do not trade the currency pair)

In this case, ignore all bullet buy and sell signals on the
chart until a trend forms again, either up (blue bullet)
or down (pink bullet).

You can stick with your current open position, if

any.

Some Chart Examples

8
That’s it, trade profitable with NanoTrader FX.

Please use on a demo account first to make yourself


familiar with the NanoTrader FX trading software.

More info and Free Trading Systems on FXProSystems.com

Good luck with you trading!

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