Steinitz Fractal Breakout Custom Indicator[1]

STEINITZ FRACTAL BREAKOUT CUSTOM INDICATOR

Installation Instructions Using the blue and red loading icon

1. Please save this loading program onto your desktop along with the owners’ manual. 2. Double click on the blue and red icon and select "next". 3. Read the terms and conditions and when satisfied select "I agree” and then select "next". 4. You'll now see a file called "C:\Program Files". Click on the button to the right and click on the + next to the word program files. 5. Now scroll down until you find "broker name Meta trader 4” 6. Click once on the + and choose “OK”. You should now see the following file name : C:\Program Files\broker name - MetaTrader 4”. 7. Choose "next". 8. Choose "start" 9. Choose "exit". You successfully loaded the software to your Meta trader 4 charting platform.

Using a zip file to load your software

1. Please save this zip loading program onto your desktop along with the owners’ manual. 2. Right-click and choose “extract all”. There are more than one way of extracting files but this is the easiest method. 3. Choose "next". 1

4. Click on "browse" 5. Click on the + next to "my computer" 6. Click on the + next to "local disk (C:)”. 7. Scroll down and click on the + next to "program files". 10. Now scroll down until you find "broker name Meta trader 4”. 11. Click once on the yellow folder name called “broker name - MetaTrader 4” which should now be highlighted. 12. Click "OK”. 13. You should now see in the window the following file C:\Program Files\broker name - MetaTrader 4”. 14. Click "next". 15. Remove the checkmark called "show extracted files". 16. Click on "finish". You successfully loaded the software to your Meta trader 4 charting platform.

Loading the Steinitz Fractal Breakout Custom Indicator

1. Open up your Meta trader 4 charting platform 2. Click on your “Templates” button (see above image) 3. There are (4) Steinitz Fractal templates to choose from. Choose one. 4. Each template performs a different function. To begin use the Steinitz Fractal Breakout template. This template is all you need to become extremely profitable. The others are advanced and you can take a 1 on 1 session with me to explain in detail how these work as well as other great profit making techniques.

If you want a thorough understanding of this extremely accurate indicator I advise taking a 1 hour private one on one tutorial with me that runs 150.00/hr. I will cover everything that is needed for you to become profitable on your very first trade!

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Please click on the link to make a payment and set up your private session with me: http://www.forexrobottrader.com/new_buynow.php?product_id=1 hour of one on one tutoring

INSTALLATION ON LIVE ACCOUNT

Please save the attachment to your desktop. Next go to your "Metatrader4/experts/indicators" folder and replace the old custom indicator with the new one from your desktop. Open up Metatrader and choose the "Steinitz Fractal Breakout" template. Right-click on your platform and choose the indicator list. Left click on the custom indicator and choose delete. Click close when you're done. Now open up your Navigator window. Click on the + symbol next to "Custom Indicators". Double-click on "Steinitz Fractal Breakout Indicator _XX_v1.1". Replace account # 12345 with your live account number. Click ok. Go to the template drop down and choose "Save Template". You have now saved your live account number successfully. Repeat the same process for each of the other two templates. You can now use the templates to start monitoring your trades on your live account platform.

You are now ready to start live trading!

The Steinitz Sniper Trading System is based on the Steinitz Fractal Breakout Indicator (referred to as SFB). The indicator was developed by Don Steinitz through rigorous research over the past 5 years. Its unique properties make it far more advanced than any other indicator available on the market today. The SFB in conjunction with multiple filters e.g. Fibonacci pivot indicator and strength meter “X-meter” makes this a complete custom indicator trading package.

Steinitz Fractal Breakout System LONG ENTRIES

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Each one of the blue arrows indicates where you would have entered the trade “long” DURING the NEXT candle to the right. Notice that each candle formation to the right exceeded the high of the blue arrow candle. Note: The blue arrows are NOT painted by the program and are there to demonstrate the trading logic only.

This method is based on using a custom indicator designed for Meta trader 4 thus we recommend that you use the Metatrader 4 platform to conduct your analysis. You can download the Metatrader 4 free demo at: www.traderschoicefx.com/demo.html. However we recommend that you use a non deal desk “ECN” broker to place your trades. You can try a demo account for a non deal desk broker here at: http://www.traderschoicefx.com/trfxcm.html. * We are not endorsing TradersChoiceFX or soliciting on behalf of TradersChoiceFX. This is simply the firm we use to trade with. Above you will see our proprietary indicator that sets to define the strength of a particular market movement (trend) through an algorithm that is displayed as a decimal value. The Steinitz Trend Indicator (STI) determines the trend. The greater the uptrend strength, the larger the positive decimal value. Likewise, the greater the downtrend, the smaller the decimal value. A trend comes into existence when the value of the STI is out of the range of -.25 to .25. Thus a value of .24 does not indicate any trend, however a value of .26 indicates an uptrend and the value of -.26 indicates a downtrend. Anything between -.25 and .25 is considered to have no importance in terms of trend strength and

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yellow bars are painted. The value of .25 or greater will cause green bars to be formed and values below -.25 will cause red bars to be formed. This method seeks to look for high probability winning trading opportunities based upon retracements only. It's well known that to make money when buying in the market you must buy low and sell high and vice a versa when trading short. Because of the filtering nature of the system arrows will be shown on the MT4 chart only during high probability market entry points. After the up arrow which is green by default which appears below a particular candle the system will also produce a pop-up alert with the information about that particular candle in terms of which currency pair, timeframe, date and time and ask price the entry signal is based on. Example: If you receive a pop-up alert on a five minute chart you will see a green arrow at the bottom of a particular candle. Your job is to wait for the next candle to form and to enter on a market order and go long as soon as the current candle trades greater than one pip above the high of the arrow candle. If this current candle does not exceed the high of the previous candle with the arrow you wait for the next signal e.g. candle with green arrow. If in fact you entered the position based on the market taking out the previous arrow candle high you now place a mechanical or mental take profit order shooting for approximately 7-12 pips on the 5 minute chart. More if you are trading GBP/JPY or GBP/CHF. If the trade fails to hit your take profit target and closes below the 50 SMA it should be considered a failure and should be closed out immediately. Keep in mind that only a down candle (candle that closes lower than it opened) closing below the 50 SMA should be considered a failure. If an up candle (candle that closed higher than it opened) closes below the 50 SMA this would not be considered a failure since the bulls are still in control. As soon as you get your first signal to enter the market by way of seeing a green arrow you should look at the upper left-hand side of your chart which will tell you if this is a buy or sell signal. Remember all entry and exit orders should be made on the candle after the candle that generated the signal. There is a letter and a numerical value such as D:34. What this represents is what stop loss you can expect if the position were to go badly. This number represents the difference between the entry price and the 50 SMA in pips. So D:34 represent 34 pips as the distance between your entry and potential loss if the trade becomes unprofitable. You need to know this information in order to determine position size and proper risk management.

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The number next to this A:.48 indicates the trend strength of the arrow candle. The greater the value, the greater the trend. Since there are multiple signals that can fire off at the same time for different currencies it's best to use the lowest risk which would be indicated by the smallest distance between the entry and the 50 SMA and the greater trend strength. Steinitz Fractal Breakout System SHORT ENTRIES

For the most part this method is inverse to the long entry method outlined above. You will be using the same indicator in Metatrader 4 as with your long entries. Each one of the blue arrows indicates where you would have entered the trade “short” DURING the NEXT candle to the right. Notice that each candle formation to the right exceeded the low of the blue arrow candle. Note: The blue arrows are NOT painted by the program and are there to demonstrate the trading logic only.

This method is based on using a custom indicator designed for Meta trader 4 thus we recommend that you use the Metatrader 4 platform to conduct your analysis. You can download the Metatrader 4 free demo at: www.traderschoicefx.com/demo.html. However we recommend that you use a non deal desk “ECN” broker to place your trades. You can try a demo account for a non deal desk broker here at:

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http://www.traderschoicefx.com/trfxcm.html. * We are not endorsing TradersChoiceFX or soliciting on behalf of TradersChoiceFX. This is simply the firm we use to trade with. Above you will see our proprietary indicator that sets to define the strength of a particular market movement (trend) through an algorithm that is displayed as a decimal value. The Steinitz Trend Indicator (STI) determines the trend. The greater the uptrend strength, the larger the positive decimal value. Likewise, the greater the downtrend, the smaller the decimal value. A trend comes into existence when the value of the STI is out of the range of -.25 to .25. Thus a value of .24 does not indicate any trend, however a value of .26 indicates an uptrend and the value of -.26 indicates a downtrend. Anything between -.25 and .25 is considered to have no importance in terms of trend strength and yellow bars are painted. The value of .25 or greater will cause green bars to be formed and values below -.25 will cause red bars to be formed. This method seeks to look for high probability winning trading opportunities based upon retracements only. It's well known that to make money when buying in the market you must buy low and sell high and vice a versa when trading short. Because of the filtering nature of the system arrows will be shown on the MT4 chart only during high probability market entry points. After the down arrow which is red by default which appears above a particular candle the system will also produce a pop-up alert with the information about that particular candle in terms of which currency pair, timeframe, date and time and bid price the entry signal is based on. Example: if you receive a pop-up alert on a five minute chart you will see a red arrow at the top of a particular candle. Your job is to wait for the next candle to form and to enter on a market order and go short as soon as the current candle trades greater than one pip below the low of the arrow candle. If this current candle does not exceed the low of the previous candle with the arrow you wait for the next signal e.g. candle with red arrow. If in fact you entered the position based on the market taking out the previous arrow candle low you now place a mechanical or mental take profit order shooting for approximately 7-12 pips on the 5 minute chart. More if you are trading GBP/JPY or GBP/CHF. (See addendum for updated entry/exit rules) If the trade fails to hit your take profit target and closes above the 50 SMA it should be considered a failure and should be closed out immediately. Keep in mind that only an up candle (candle that closes higher than it opened) closing above the 50 SMA should be considered a failure.

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If a down candle (candle that closed lower than it opened) closes above the 50 SMA this would not be considered a failure since the bears are still in control. As soon as you get your first signal to enter the market by way of seeing a red arrow you should look at the upper left-hand side of your chart which will tell you if this is a buy or sell signal. Remember all entry and exit orders should be made on the candle after the candle that generated the signal. There is a letter and a numerical value such as D:34. What this represents is what stop loss you can expect if the position were to go badly. This number represents the difference between the entry price and the 50 SMA in pips. So D:34 represent 34 pips as the distance between your entry and potential loss if the trade becomes unprofitable. You need to know this information in order to determine position size and proper risk management. The number next to this A:-.48 indicates the trend strength of the arrow candle. The greater the value, the greater the trend. Since there are multiple signals that can fire off at the same time for different currencies it's best to use the lowest risk which would be indicated by the smallest distance between the entry and the 50 SMA and the greater trend strength.

If you want a thorough understanding of this extremely accurate indicator I advise taking a 1 hour private one on one tutorial with me that runs 150.00/hr. I will cover everything that is needed for you to become profitable on your very first trade! Please click on the link to make a payment and set up your private session with me: http://www.forexrobottrader.com/new_buynow.php?product_id=1 hour of one on one tutoring

Addendum I hope by now you had some time to use the Steinitz Fractal Breakout custom indicator with some success. You are receiving this e-mail because we have come out with a newer version called version 1.2. Because I have not finished making changes to the owners manual to reflect the new version and new trading rules you are receiving this e-mail as a quick fix. The following are the new highlights and new trading rules for entries and exits. 1. The ability to toggle back and forth by way of templates to view alert candles (the way it is now) or trade arrows. The trade arrows will paint precisely where you would have gotten in based on the alert arrows. This way you only get a signal exactly when the trade would have been taken based on the entry rules. This eliminates about half the arrows. 2. Another feature is a price shown as a horizontal line across your chart at the high/low of the alert candle. The price is off to the right hand side of the screen. This shows you the

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exact price of the candle where the market required to exceed by one Pip before making your trade. This is a nice reminder of where you entered your trade. 3. A pop-up box has been reworked to remove some of the clutter so now it's easier to read with much less confusion. It now shows alert signals and trade signals depending on which template is chosen.

Updated rules for entry and exits Entries 1. Place your indicator on any number of charts you wish and select the timeframe of choice. This will be the timeframe that you actually enter the market based on the green or red candles. Once a candle is shown on your chart you will need to look at the next higher timeframe to verify there is a strong trend moving in the direction of the color of the candle. Remember green candles mean you are anticipating the market moving upwards and red candles mean you are anticipating the market moving downwards. So for example on the 5 minute timeframe you see a green candle you should immediately go to 15 minute time frame to verify you are in an uptrend. Look at the M.A. angle indicator at the bottom of your screen to verify a green bar. If there is a green bar you would then go back to the five-minute timeframe and wait for entry confirmation and take the trade. If you see a red M.A. angle bar at the bottom of the 15 minute chart, go no further and abort the trading opportunity. The reason for this is you do not have an upward trend and no attempt to trade going long should be made. If you have a yellow M.A. angle bar at the bottom of the 15 minute chart move up one higher timeframe only and look at the M.A. angle bar on this timeframe noticing what color it is. Obviously, you would reverse the instructions above when trading in the opposite direction.

Exits There are more precise ways for determining take profit targets than simply guessing how many pips you are looking for. What I teach in my one on one sessions is how to apply a Fibonacci extension tool which you will find on your Meta trader 4 charting software. Once you have entered the trade you will immediately apply your Fibonacci extension tool that will give you multiple take profit targets based on the Fibonacci lines of support and resistance. I can't tell you how accurate it is when using this tool for calculating where to take your money off the table. It's truly amazing how accurate to the Pip the market reacts to these Fibonacci levels. Using Fibonacci you can relax and not worry that you did not exit too early or too late. I honestly never thought there was an accurate way to calculate take profit targets until I started using Fibonacci extensions. For taking stop losses we have a mechanical answer that is better technically than just guessing at some stop loss Pip value. If you are trading a long position and you have not reached a take profit target yet and you find your trade has gone below the orange 50 SMA the following information should be adhered to strictly for exiting. Only exit if you encounter 2 red consecutive closed candles below the orange 50 SMA line. Don't worry about wicks of candles that penetrate the 50 SMA as they do not count,

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only closed bodies. Do not count candle that has an equal open and close also known as a "doji" candle. You can completely ignore these candles.

I hope this information was helpful and I urge everyone that has any questions about this to contact me by e-mail or take a one on one coaching session with me. I will do my best given the time that I have to redo the owners manual and send it out when done. Attached is the new version...... Happy Trading! Don

If you want a thorough understanding of this extremely accurate indicator I advise taking a 1 hour private one on one tutorial with me that runs 150.00/hr. I will cover everything that is needed for you to become profitable on your very first trade! Please click on the link to make a payment and set up your private session with me: http://www.forexrobottrader.com/new_buynow.php?product_id=1 hour of one on one tutoring

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