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Nano Trader FX Manual

The document provides instructions for installing and using NanoTrader FX trading software on the Metatrader 4 platform. It explains how to install the indicators and template, set up symbol lists and alerts, and use the buy and sell signals to trade following rules for different timeframes.

Uploaded by

Anbu Petapa
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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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Download as PDF, TXT or read online on Scribd
82 views11 pages

Nano Trader FX Manual

The document provides instructions for installing and using NanoTrader FX trading software on the Metatrader 4 platform. It explains how to install the indicators and template, set up symbol lists and alerts, and use the buy and sell signals to trade following rules for different timeframes.

Uploaded by

Anbu Petapa
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

Thank you for purchasing NanoTrader FX!

Part A: Installing NanoTrader FX To Metatrader 4

This zip file comes with 2 custom MT4 indicators and 1 MT4
template.

Installingtheindicators:

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)
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.

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.

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.

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.
 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.

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 tra
dewhen 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!

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


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.

Good luck with you trading

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