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The FX-Agency Advisor 3 Manual

 

System Requirements

For use of The FX-Agency Advisor III you will need a few things which you most likely already have or can get very easily. The first one is an internet connection and the second one is Metatrader 4, which can be downloaded free by almost all brokers today.

 

Mindset Requirements

Before trading any forex system, you must make sure that you stick to the plan of the strategies and not get emotional. If you get lazy, careless, and greedy, you can do harm to your trading business.

 

Adding The FX-Agency Advisor III to a Metatrader Chart

After you have gone through the installation, you must restart Metatrader. Next, scroll up to Insert > Indicators > Custom and add The FX-Agency Advisor III to the chart. You can also use the navigation panel in Metatrader to add it to the chart. When you click The FX-Agency Advisor III, the first thing you will see is a small window pop-up. Where it shows “Allow DLL Imports”, be sure that the box is checked. DLL Imports must be enabled when using our trading systems.

 

Brief Description of The FX-Agency Advisor III

The first thing we must clarify with you, is that The FX-Agency Advisor III is nothing remotely similar to The FX-Agency Advisor II. They are totally different and have no relation whatsoever. The formulas, algorithms, and structure are different. The FX-Agency Advisor III is an excellent software that a trader can use for “reversal/retracement” style of trades. Scalping a few pips here and there is great with this system, but you can also use this system on higher time frames. The purpose of this release, was to target traders who like to scalp and at the same time, keep it affordable. The FX-Agency Advisor III will display entries, stop-loss, and target points. It will also display the risk/reward ratio on the current condition as well. It works on all time frames. As you scroll through each time frame, it will automatically adjust to it and display the correct information accordingly. It has a “trend filter” feature where you can specify any two time frames (preferably you should set them higher than the time frame you are using). There are also profit targets that can be set by simply going into the Indicator Settings and setting the input “Show.Fibs” to TRUE.

 

The Inputs

The FX-Agency Advisor III has neat features. Understanding the inputs is easy. There are numerous options you can enable/disable at your own will. We will be outlining the important inputs, what they mean and what they do.

In the dropdown menu of the inputs, ‘True’ means ON and ‘False’ means OFF. Go into the indicator setting and set ‘MyShift’ to the number 0. This will give you a better entry.

Sound.Alert: Along with the signals that The FX-Agency Advisor III shows, it will also show an audio alert window popup. In the event that you are doing something else on your computer such as reading, emailing, chatting, etc., this sound alert will notify you when a trade has been taken.

 

Show.Labels: This option is to enable or disable the text of the “Buy Line” and “Sell Line” that is projected on your chart. This option only affects the lines however, the signals in the panel will still show. It is recommended that you do not disable this feature.

Show.Lines: This setting is responsible for projecting the “Buy Line, Sell line and Get Ready level” line on the chart. Similar to the Show.Labels setting, the information will still be shown in the panel. It is recommended that you do not disable this feature.

Show.Gauge: The Gauge is another word for the FX-Agency Advisor III panel (the box that displays all the information). It controls the entire panel. This can be removed from the chart, but since it shows the important data, be sure to keep it enabled.

Show.Fibs: To display profit targets, this setting should be enabled. It will project five different price levels that the market is likely to bounce from. All five profit levels can be used to take profits.

Show.Ask: Market price and your broker’s price, will likely differ. This setting will allow you to monitor the “ask” price, without you having to check the bid/ask price in the Market Watch. The purpose of this is to compare the two differences. Normally, you will see the horizontal line which displays the market price which moves up or down. With Show.Ask enabled, you will see two prices. One will be the current market price and the other will be the ask price.

Use.Bias: As mentioned on our website, the “BIAS” is the trend filtration feature. By specifying two higher time frames, the signal will only be given after The FX-Agency Advisor III calculates the trend/momentum of those specific time frames. Usually a trader would have to manually switch to the higher time frames and check this, but there is a monitoring feature built in which will receive data feed from the higher time frames without you having to manually switch. A trader is able to determine which direction to trade, by monitoring the high time frames and placing trades on the lower time frames based on that. If the time frames that you have specified are “bullish”, then only buy trades need to be taken on the lower time frames. Likewise, if the time frames you specified are “Bearish”, only sell trades need to be taken.

 

Trading Guidelines

When Not To Trade

An important word of advice. You are NOT to blindly enter the trade just because the price has hit the sell level because it could have been an old signal, or it could have hit the level from the bottom, which means it’s not worth trading. Although people do enter a few candles after, this is not recommended and it is best to trade a “fresh” signal.

When To Trade

Details on the ideal conditions for entering trades, focusing on fresh signals and correct timing based on system alerts.

 

Example Of A Live Sell Trade

A perfect sell trade. This picture above shows a live actual trade that had already been taken and was still progressing. At the time it was taken, the profits were at +98 pips from the entry.

 

Example Of A Live Buy Trade

Detailed example of a successful buy trade, showcasing specific examples and results to illustrate effective trading practices.

 

More Instances On When And When Not To Trade

Additional guidelines and examples highlighting situations that traders should avoid and seek out for trading.

 

Where To Place Stop-Loss

Knowing where to place your Stop-Loss is simple. For a Sell trade, if you went short at the Sell Line, your Stop-Loss would be at the Get Ready line above. For a Buy trade, if you went long at the Buy Line, your Stop-Loss would be at the Get Ready line below.