Greenformer v1 3 Users Guide
Greenformer v1 3 Users Guide
Greenformer v1 3 Users Guide
v.1.3
User's Guide
by Rita Lasker
2013
Forex Greenformer
Forex Greenformer
Forex Greenformer is a new advanced Informer plug-in for MetaTrader 4 that
monitors the situation on the currency exchange market around the clock and gives
you signals to Buy or Sell.. It is not a standalone application. Keep MetaTrader 4
running twenty-four hours a day.
Executive President
Green Forex Products & Software
Disclaimer
Please be aware of the loss, risk, personal or otherwise consequences of the use and application of
this book’s content. The author and the publisher are not responsible for any actions that you undertake
and will not be held accountable for any loss or injuries.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options
trading has large potential rewards, but also large potential risks. You must be aware of the risks and be
willing to accept them in order to invest in the futures and options markets. Don't trade with money you
can't afford to lose.
This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being
made that any account will or is likely to achieve profits or losses similar to those discussed on this web
site. The past performance of any trading software or methodology is not necessarily indicative of future
results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT
ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE
UNDEROR- OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS
LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT
THAT THEY ARE DESIGNED
WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL
OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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. Hypothetical trading
does not involve financial risk, and no hypothetical trading record can completely account for the impact
of financial risk in actual trading.
All information on this website or any e-book purchased from this website is for educational purposes
only and is not intended to provide financial advise. Any statements about profits or income, expressed
or implied, does not represent a guarantee. Your actual trading may result in losses as no trading
software is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree
to hold Forex Mercenary and any authorized distributors of this information harmless in any and all ways.
The use of this software constitutes acceptance of my user agreement.
COPYRIGHT
This book and software is the copyright of and cannot be re-written, re-published,
STORED OR LINKED AT ANY FILE SHARING SITES or FORUMS or used for any other books without
proper referencing without permission. The use of the book and software is limited to your personal use.
Spreading out the copies without paying for them is illegal and protected by international copyright law.
Copyright © 2010 Rita Lasker & Green Forex Products & Software Group.. All rights reserved.
How it works
The trading system uses channel building that is layered with Fibonacci ratios. It
will give you Sell or Buy signals. The parameters of Stop Loss and Take Profit can be
chosen according to the style of your personal trading. The order can be closed by
Take Profit, Stop Loss or manually at any time.
FxPro http://fxpro.com
Alpari UK http://alpari.co.uk
Follow the links above, choose your Forex broker, and download MetaTrader 4 for
free. After you download MetaTrader 4, install it on your computer. This is a standard
and simple operation.
Step 2
Launch MetaTrader 4 by selecting it from the Start menu.
When the application launches, it presents a window in which you need to enter
your demo account details. Carefully fill out all the fields. Selecting the “I agree to
subscribe to your newsletters” checkbox makes the OK button available. Once you
have filled out all the fields, click OK.
When you click OK, your demo account will be registered and you will be signed in
with the system with your demo account details.
Your account number is displayed on the left of the window title. If you see it there,
it indicates that your account has been registered successfully and you have logged in
the system.
Step 3
Take a look at the Navigator panel on the left of
the main window.
Step 4
Please use EUR/USD pair, H1 Timeframe.
Open the EUR/USD graph and drag forex_greenformer_v1_3 from the Navigator
panel onto the graph window. A window with the Informer settings appears.
Please, make all the settings the same as in the picture below.
Warning!
Please, use EURUSD pair, H1 timeframe ONLY.
Step 5
Now in the top right corner of the terminal window you should see the name of the
informer. This indicates that your informer was installed successfully
It’s no matter what icon you see next to the Informer’s name – a cross or a smile.
The Informer will be working anyway.
Great. You have successfully installed, set up, and launched the Informer.
Signals
At a certain moment, determined by the program as the most suitable, you will
receive a Alert with a recommendation to open a Buy or Sell order.
Moreover, above and under the bar a red arrow indicating which order to open will
pop up. At the same time you would hear an alert sound.
Up-arrow = Buy order
Down-arrow = Sell order
You may open orders and place Take Profit, Stop Loss and Trailing Stop later. BUT,
we think that the most effective way of trading is something in the middle.
After opening the order on Informer’s signal, we recommend to keep an eye on it
for some time and place TP and SL as soon as the order is placed. This may prevent
losses, inevitable in any trading.
SL and TP may be selected by you, depending on your trading style. If you are not
sure, you may use our Trailingator for its automatic Trailing stop feature. It has
different modes of working and will be extremely helpful in case price reverses.
The principle of trading is to place the orders manually following the special
conditions. If you don’t want to lose your profit at the price reversals, we can
recommend that you use Trailing Stop. In this case if price doesn’t reach the set fixed
TP value, Trailingator would still trail it and close the order in profit. So, basically,
Trailingator will turn a loss-making order into a profit or at least would make it to
close at break even.
Additional information you can find at Trailingator web-site. Please also note that it is
on a sale now and you can get it on very special terms.
http://www.trailingator.com/
F.A.Q.
A. On which pairs and the time-frames the informer works?
Q. Forex Greenformer works only on EUR/USD pair and H1 time-frame.
A. Can I use the informer to trade with the brokers prohibiting hedging?
Q. Yes, surely. The informer does not give both the signals Buy and Sell, so the
hedging is not needed.
A. Do I need to make special settings for the correct work?
Q. No. The only thing you need to do is to install the informer into the platform MT4
correctly and follow the recommendations.
A. I installed the Informer file to the folder ……\experts\indicators but I can’t see
the Informer in the list of Custom Indicators. What’s wrong?
Q. The right path for installation is
C:\\Program Files\Your_MetaTrader_Name\experts.
And you should search for it in a Navigator then – Expert Advisors.
A. I installed the file to the folder experts then placed it on the schedule but it does
not open the orders. Which settings do I need to change to make it trade
automatically?
Q. Attention! This is not a robot! It will not trade itself, it gives the signals for the
trader!
If you have any questions, please feel free to ask our support team by sending an
E-mail to: [email protected]
Yours,
Rita Lasker & Green Forex Group.