For SOP Manual Guidelines can be downloaded here:

https://drive.google.com/file/d/1qfFmSdOe-MflEp-YNZ6mkN5OvlSyKbcI/view?usp=sharing

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TIMEFRAME USAGE 
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For BTCUSD best timeframe for scalping is M5.
M15 for Intraday.
 
 
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ENTRY RULES
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We have 2 methods.

1) SINGLE TIMEFRAME ENTRY

   

ONLY use this strategy if you are:

 

1) Experienced trader and have strong foundation on support and resistance, breakout and market structure

 

2) Have other tools/ indicators which you combine with this strategy for confluence and reason for your entry

  

BUY on First GREEN BOX only

 

SELL on First RED BOX only

 

 

BUY ENTRY EXAMPLE

   

For below buy entry image, we BUY on FIRST GREEN BOX after the series of Red Box which previously is downtrend.

 

This FIRST GREEN BOX after the Red Box signalling that the market may reverse or pullback to have a short or long BUY TREND

 

BUY after the FIRST GREEN BOX appeared with the CANDLE CLOSED.

 

You must wait for the candle closed as the box colour may change and only final after the candle closed.

Place the Stop Loss below lowest candle inside the last previous Red Box as image above.

 

If the Buy trade failed and hit SL, wait to confirm if there is any Red Box appeared again after candle closed. Which is becoming the first red box again and resuming the sell trend.

 

You can entry SELL with DOUBLE LOT

 

For example, the lost Buy trade is 0.1 lot.
Then the Sell trade for recover use 0.2 lot.

  

*** Usually when you face the buy-sell-buy-sell condition, the market is actually ranging and sideway.

  

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SIDEWAYS - NO ENTRY!

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You can detect this SIDEWAY by adding the built-in indicator called Bollinger Bands with default setting (20,0,2).

You can simply click reset button on the Bollinger Band setting and it will revert to this default setting

 

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2) HOW TO IMPOROVE MORE HIGH CHANCE WINNING RATE ENTRY?

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Answer: Using multi timeframe.

 

Use the Higher Timeframe as our trend direction.

 

For example:

 

M5 as timeframe entry, so our bigger Timeframe Trend is H1.

M15 as timeframe entry, so our bigger Timeframe Trend is H4

  

Use the TIMEFRAME GUIDE TABLE BELOW:

  

BTCUSD Bitcoin 

 

 

On this bigger Timeframe Trend, we ONLY identified what is the CURRENT BOX COLOR

   

For example:

 

If H1 is currently Green Box, so in our Timeframe entry at M5 we only look for BUY ONLY at first GREEN BOX COLOUR

 

   

BUY EXAMPLE

H1 is currently GREEN BOX

SO in our Timeframe entry M5 we will take FIRST GREEN BOX ONLY for BUY ENTRY

SELL EXAMPLE

H4 is currently RED BOX

SO in our Timeframe entry M15 we will take FIRST RED BOX ONLY for SELL ENTRY

In summary:

 

1) Always Entry at FIRST GREEN BOX at Timeframe Entry for Buy WHEN ONLY Timeframe Trend is also currently Green Box

 

2) Always Entry at FIRST RED BOX at Timeframe Entry for Sell WHEN ONLY Timeframe Trend is also currently Red Box

 

3) DO NOT entry if you missed the FIRST Green/ Red Box as we do not know when the price might reverse back.

  

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TAKE PROFIT Recommendation

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1) Use the Risk Reward Ratio like 1:1 or 1:1.5 or 1:2.

 

Example:

 

SL 20 pips, TP 20 pips for ratio 1:1

Or SL 20 pips, TP 30 pips for ratio 1:1.5

Or SL 20 pips, TP 40 pips for ratio 1:2

 

You can be conservative with moving the SL to breakeven++ or SL move to entry point when price already reach your 1:1 so that if the price reverse you will not have negative loss profit.

 

This approach if you are aiming more than ratio 1:1

 

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Other Important Notes 1:

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This Indicator is based on VOLUME and translated to box colour.

 

If volume buy is high, the green box appeared.

If volume sell is high, the red box appeared.

 

And this volume colour box is FINAL (not repaint) when only the CANDLE CLOSED.

 

If the volume NOT ENOUGH to create the colour box, more candle will be required to create one colour trend box.

So here you will notice many candles is formed in one single colour box.

 

If that colour box is FIRST green/ red box for entry, you can entry at any candle as long it’s inside this first colour box.

 

If the first box created only by single candle closed, you still can entry at second box without waiting the candle closed as the first box already formed by 1 candle closed earlier

If the first box created only by single candle closed, and the candle is big or long, its best to wait the second candle price retrace to half of the first candle.

With this you can enter at best possible price without floating so much.

  

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Other Important Notes 2:

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1) Best time to trade is on London session (2am-5am) and New York session (8am-10am) using UTC-4 Time zone

 

2) AVOID trading high impact red news folder found on forex factory calendars.

 

3) Only trade 1 hour after big red news folder released with new available valid setup

 

4) Expect choppy, ranging and sideway on FOMC, CPI and NFP week. Be extra cautious on trading this week.

  

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Other Important Notes 3:

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1) ALLOW yourself to re-read couple of times this SOP until you fully grasp and understand the strategy

 

2) BACKTEST old setup by scrolling back the history price chart from multiple pairs so that you will:

 

-        Reconfirm your understanding the strategy explained in this SOP manual

-        Sharpen your eyes to PINPOINT VALID SETUP and BEST ENTRY

-        YOU WILL KNOW that there is loss setup and win setup. BUT overall entry taken on those setups are giving you the NETT PROFIT after deduct the win with the loss setup using the correct Risk Reward Ratio mentioned before. Use the ratio at least 1:1.5

 

-        Build CONFIDENCE and TRUST using this indicator when you know ultimately this system giving you the nett profit every month.

 

3) DEMO as long as you required until you ready for live real trade. Or start with the broker offer the Cents Account. This process is important:

 

-        To correct your mistake and sharpen your understanding on the strategy

 

4) Treat Forex as BUSINESS. Understand that there is loss day and win day. But overall, we are aiming the NETT PROFIT every month

   

5) Discipline trading with FOLLOW the SOP manual. Do not push trade and make a reason to entry when there is no valid setup as per SOP guideline.

6) Use correct Money Management (recommended only risk max 6% per entry after you fully grasp the system),

 

7) CONTROL your EMOTION and DON’T REVENGE LOSS TRADE.

 

8) For beginner recommended to risk only 3% per entry.

-             With this 3% per risk, and for example with starting USD100 deposit.

 

You will only Margin Call or MC after you having 33x time losing streak.

Which is impossible after you fully grasp and understanding this system.