Middle Term Drone

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Middle Term Drone

The Forex Trader System,

an Expert Advisor which allows catching high

probability reversals

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Preface

Welcome to Middle Term Drone, my proprietary trading system which paved the way to my success in the Forex Market.

My name is Geza Varkuti, I am Hungarian, but I´ve lived more than 25 years in Germany. There I got to know Forex Trading and after many years I've become a professional trader. Over years of trading for a living, I have learned like all traders, I´ve lived through all the classical phases of trading (including complete loss). I´ve read all the different books, have assimilated the various wisdoms and – as it probably is with you too – I´ve learned it all but still produced losses. The net is full of so called „star analysts“, whose predictions – although all grounded with logic

and scientific analysis – can be very different from one another. I´ve tried various signal-providers as well and I´ve had to give them up again one after the other. After a while they produce wins, but then the boot is on the other foot and suddenly they disappear from the market. Only slowly have I understood, that one is lost if one does not find his own way in this. This is why I’ve invested a lot of time into building my own strategies. Forget all the analysts, indicators and predictions, the best indicator after all is the price itself – this is what our strategy is based on. Before I begin, you have to know three important things about this system: 1) The Middle Term Drone Strategy is very simple and very easy to implement. 2) The Middle Term Drone Strategy is automated. You will not need to be concerned with complex interpretations and hesitations. Certainly there are no tricks involved. 3) The Middle Term Drone Strategy contains and applies the Money Management rules.

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The pillars of the strategy It is useless to study the economy news or to study the predictions of the analysts, just to know that EUR/USD will be rather bullish today. The main question is the time factor in day-trading – when exactly will it become bullish, and when does the correction come. The Expert Advisor is designed for automated trading on MT4. It is developed for longer Trades. The EA identifies a trend reversal and is

looking for long term possibilities. It opens a trade rather early (TP-s are between 150-450 Pips) and the trades are running for between 1-10 days. The EA uses very wide Takeprofit Levels but relatively tight Stoplosses. This EA is for Traders with a long breath and some patience. Traders who think big. It is not a scalper or a trader that makes 30-50 pips. But not all signals are the right one. No strategy, no EA will work under all market conditions. The losses are calculated within the framework of the strategy and they will be compensated by a good money management strategy. Losses are simply part of the game, they have to be accepted. After countless experiments and backtests, I´ve developed this idea further, and have reached remarkable results with that. A note on the side: forget about the stress. It is very important to know, that the trader does not have to stare 12 hours per day at the screens, just to smoke one after the other and hope for something useable to happen. You just have to start it and it automatically earns money for you day&night. If you have any questions, you can contact me directly at my personal Direct Customer Care:

support@fxsignal-pro.com

So, go and make yourself a cup of coffee, relax, and let's begin…

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Broker choice Many traders underestimate the significance of finding the right broker, basically saying: What difference can a 1-2 Pip Spread difference make? Well, quite a big one I have to say. If you e.g. make 100 Traders with 1 lot, you have a spread-difference of 1000 $ with 1 Pip-Spread, with a 2 Pip-Spread 2000 $ - all money that you have given your broker. Middle Term Drone is making about 150-200 traders a month. If you calculate this you can see that there is first some wins to be made in order to realize these wins. Additionally traders are stopped out earlier with higher spreads, which makes a win trade into a loss trade eventually. If a trade is closed with -200 $ instead of 200 $ win, that means a difference of 400 $ in the end results. As the EA is trading differently after a win trade, then after a loss trade, this can mess up the entire strategy and cause a fatal chain reaction. So it is very important: take a broker who offers something below a 2 Pip spread for EUR/USD and something around a 3 Pip spread for EUR/GBP. We recommend Alpari UK. The spreads are EURUSD 1.6, GBPUSD 2.6-2.8, USDJPY 2 Pip... We offer customers who become Alpari customers by us or already Alpari clients are, the free Trade-Hosting Service (VPS). Please, use this Banner:

Or this link: https://my.alpari.co.uk/en/openliveaccount/show/partner/412/

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Installation After unpacking the ZIP-file you´ll find an indicator named: ZigandZag.ex4 And an EA: MiddleTermDrone_v1.x.ex4 And Presets-files with the ending: .set Please copy the ZigandZag.ex4 into the indicator folder of your Metatrader. e.g. c:\Program Files\Meta Trader…\experts\indicators After that please copy the MiddleTermDrone_v1.x.ex4 into the expert-folder… e.g. c:\Program Files\Meta Trader…\experts\ Now copy the presets into the preset-folder E.g. c:\Program Files\Meta Trader…\experts\presets Don’t forget to allow the Auto Trading generally: Metatrader Menu: Tools/Options/Expert Advisors It must be look like this:

Now please restart the Metatrader. The best results are achieved with EUR/USD and EUR/JPY.

We encourage you to use that pairs, and first on a Demo Account.

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The first step is the preparation of the chart. Choose for example EUR/USD into a optimized for a H4 timeframe. Please pull the MiddleTermDrone

Here you can set certain parameters.

„Allow Live Trading” should be activated, whether you activate the manual confirmation well we´ll talk about that

Middle Term Drone

The first step is the preparation of the chart. Choose for example EUR/USD into a timeframe of 4 hours. The EA is

timeframe.

MiddleTermDrone_1.x onto the chart.

Here you can set certain parameters.

„Allow Live Trading” should be activated, whether you activate the manual confirmation well we´ll talk about that later.

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. The EA is

„Allow Live Trading” should be activated, whether you activate the manual

7 The configurations which are optimized for the certain pairs you can find in the presets. That means, when starting the EA, you should load the respective configurations from the preset

Click Load

Take your choice

But please remember to adjust the lot

capital!

Here are the most important settings, but from Indicator Settings you should rather not change anything.

Middle Term Drone

The configurations which are optimized for the certain pairs you can find in

That means, when starting the EA, you should load the respective configurations from the preset-file.

to adjust the lot-size based on the size of your

Here are the most important settings, but from Indicator Settings you should rather not change anything.

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The configurations which are optimized for the certain pairs you can find in

That means, when starting the EA, you should load the respective

size based on the size of your

Here are the most important settings, but from Indicator Settings you should

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Initial settings

TakeProfit = 100 if =0 , it will put nothing here

StopLoss = 30 if =0 , it will put nothing here

PercentRisk = 0 if =0, it will be deactivated but if diff of ZERO, you must put some value in "StopLoss" variable for us calculate the Risk – Lotsize

ForcedTakeProfit Security setting! If MT4 crashes, or the broker cannot modify your order (server failure, Time-out etc.) the Trade is closed with this level.

ForcedStopLoss See previous variable, only with the SL

Lots = 0.10 If PercentRisk=0, Lots Value

Money Management

Level0 How many pips profit to change the Level0_SL variable as the new exit level of the trade

Level0_SL See above

Level1 The next profit level to change the Level1_SL variable as the new exit level of the trade

Level1_SL See above Level2 The next profit level to change the

Level2_SL variable as the new exit level of the trade

Level2_SL See above

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Signal Filter

UseRSIFilter Turn the function on/off

RsiPeriod Indicator period

Shift The value the x-st candle before is taken

RsiHighLevel The signal is only valid if the RSI above this value is

RsiLowerLevel The signal is only valid if the RSI below this value is

The EA is opening the trade autonomously, based on your TP and SL defaults, and will apply the configured Money Management rules. Important: the EA is starting to work with being launched, and is looking for opportunities from that time on. It is important to know that the EA is working at best in trend phases. If the market is moving sideward’s, any error signals can come after one another. But even if 2-3 error signals make losses, these are equated with one single win trade. It is really rare that there are 3-4 consecutive error signals. But if you get a feeling for that, and have the feeling that error signals are coming, you can activate the manual confirmation in the EA and decide for yourself, whether you want to start the trade or not.

The Exit Strategy A specially developed money management, risk management module, with 3 variable fixed exit stops levels is built into the EA and can be configured individually. It is possible to adjust the Exit Levels depending on the achieved profit levels, to be determined separately. This way we

guarantee that longer trends are used as long as possible. Now test the strategy. Take a Demo Account, and start “trading” with the

2 recommended pairs for 1-2 months. If you´re happy with the results (and you will be), you should start trading on a Live-Account.

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Finally the rules which you should keep to under all circumstances that will make the difference between win and loss:

• No stress, just do it!

• Look ahead! 1-2 bad days are not interesting. The time horizon is a month.

• No manual Trade-closing! Use the SL/TrailingStop or the TP for having the trade closed.

• There is no double risk with correlating pairs (those still can run differently)

Just be sure to stick to the trading rules, don't change them or give in to the temptation to close too early or to the fear of getting into a trade. And don't use high leverage! It always kills your account, no matter how good your strategy is. So be careful with your trade sizes. Ok my friend; this is where you start the profitable part of your Forex journey. I hope you enjoyed this eBook, and will make full use of the powerful secrets within it. I wish you the best of luck, and hope you'll know how to make your dreams come true!

All the best,

FX Signal Pro

Copyrights

MiddleTermDrone Copyright © 2010 FX Signal Pro ZigandZag Copyright © Bookkeeper, 2006, yuzefovich@gmail.com

RISK DISCLOSURE & AGREEMENT

The contents of this eBook are for informational purposes only. No part of this publication is a solicitation or an offer to buy or sell any financial market. Examples are provided for illustration purposes and should not be construed as investment advice or strategy. All trade examples are hypothetical. No representation is made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this eBook.

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By reading this eBook, and/or subscribing to our mailing list and/or using our website you will be deemed to have accepted these and all other terms found on our webpage fxsignal-pro.com in full. The information found in this eBook is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject us to any registration requirement within such jurisdiction or country. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 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 possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Neither the authors nor any of their associated companies bear any responsibility for the accuracy, content, or any other matter related to the publication, any external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such publications and sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY

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ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. PERFORMANCE POSTED BY SYSTEM PROVIDERS MAY HAVE HAD LITTLE OR NO EXPERIENCE IN TRADING ACTUAL ACCOUNTS FOR ITSELF OR FOR CUSTOMERS. BECAUSE THERE ARE NO ACTUAL TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS CUSTOMERS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE RESULTS. PERFORMANCE POSTED BY SOME SYSTEM PROVIDERS MAY HAVE HAD LITTLE OR NO EXPERIENCE IN TRADING ACTUAL ACCOUNTS FOR ITSELF OR FOR CUSTOMERS. Notice of Rights: All rights reserved. No part of this eBook may be reproduced or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.