7/27/2019 Ten Minutes Pips Snatcher
1/25
Ten Minutes Pips
Snatcher
Prepared by: Frank Lucas - Pips Pulling Machine Team
7/27/2019 Ten Minutes Pips Snatcher
2/25
Hi, everyone and welcome to my second trading video.
This is Frank Lucas from the Pips Pulling Machine Team here
again to share with you more exciting Forex ideas and
insights
As I pledged in my last video, I will now provide you
with a more in-depth understanding of the Forex Profit
Harvester. I will also present extra live trading examples so
that you will attain the maximum benefits from using it.
In addition, I am also giving-away another free exciting
trading strategy which will again help you capture large
quantities of pips consistently. The Forex Profit Harvester
operates best using the higher time frames but many traders
want to have a methodology that is more hit andrun.
They want to enter a trade, take profits and then wait
for the next set up. I will explain to you my exciting strategy
called the Ten Minute Pip Snatcher which operates on
such a basis. Once you know how to get behind its controls,
your Forex profits will sky-rocket.
7/27/2019 Ten Minutes Pips Snatcher
3/25
(Much more about the Forex Profit Harvester)
First, I would like to thank those of you who have sent
messages and emails already about their trading successes
with the Forex Profit Harvester. Such responses always boost
my morale and convince me that we at the Pips Pulling
Machine Team are moving in the correct direction.
In the first video, I explained how to design a Forex
trading strategy by utilizing a simple number of steps. During
this process, I also listed the actual components that I
selected when designing the Forex Profit Harvester. In
particular, the successful and profitable design of the Forex
Profit Harvester was constructed on the following important
concepts:-
1.Always trades in the direction of the current trend.2.Utilizes the power of the higher time frames.3.Targets realistic profits.4.Grows accounts uses compound interest.5.Uses a well-tested Risk and Management Strategy.
Very impressive list you must admit. No wonder so
many of you are already making profits. Now I would like to
introduce you to additional benefits of the Forex Profit
Harvester.
7/27/2019 Ten Minutes Pips Snatcher
4/25
For instance, I always recommend that this strategy is
best operated using the daily time-frame. This is because the
higher time-frames generate superior quality statistics than
those produced by their lower time-frame counterparts.
However, the Forex Profit Harvester is still very effective
with the hourly and 30 minute time frames as this chart
demonstrates:
7/27/2019 Ten Minutes Pips Snatcher
5/25
In this AUDUSD 30 min. chart, a SELL position was
opened after price broke 20 pips below S1 and a subsequent
profit registered after S2 was breached.
You can use the Forex Profit Harvester to trade any
currency pair. In fact, I trade many currency pairs
concurrently even using different time-frames. This is a great
feature because you can still experience significant action
even though you are using the higher time frames.
However, I have been asked Can I trade the Forex
Profit Harvester if I have a busy day job? and What about
when I am asleep?.
7/27/2019 Ten Minutes Pips Snatcher
6/25
The answer is yes to both questions if you utilize Entry
or Limit Orders which can automatically open positions when
price hits predetermined values. You can invoke them by
right-clicking your mouse button on your chosen trading
chart.
7/27/2019 Ten Minutes Pips Snatcher
7/25
(More Live Examples)
Ok now Ill show you a few more live trade examples using
Forex Profit Harvester.
The first one uses the proprietary trading platform of a Forex
Broker.
This chart shows a Sell position traded on the NZDUSD
Daily chart. The first important point to note is that EMA9 is
lower than EMA50 implying that price is moving within a bear
trend. As such, I am only looking for Sell opportunities.
7/27/2019 Ten Minutes Pips Snatcher
8/25
Next, I located an alert signal by positioning it 20 pips
below S1 by right-clicking my trading chart and completing
the details shown in the following pop-up.
Alternatively, you can activate an entry order as
previously explained so that it will again be triggered 20 pips
below S1. Whichever option you choose, we must now
determine the position of our stop-loss so that we will only
risk 2% of our entire account balance in accordance with our
money management strategy. A good position for our stop-
loss is 20 pips above the Pivot Level@ 0.7926. As our Sell
position will activate after price hits the Alert @ 0.7826, the
size of our stop-loss is 100 pips.
7/27/2019 Ten Minutes Pips Snatcher
9/25
If we assume that we have an account balance of
$10,000, then our maximum loss will be $200 if we risk just
2%. This means that we can afford to trade at $2 per pip.
Consequently, we can calculate our position size by using the
following formula:
Position size = (%risk X free_margin) / ((pip_value X stop_loss))
Position size = (0.02 X $10,000) / ($2 X 100) = 1 lot
So we can open a manual position of 1 lot size after our
alert is triggered with a stop-loss positioned 100 pips above
your entry point and a profit target alert at S2. Alternatively,
we can use this information to instigate an Entry Order. So,
how did I fare with this trade? The following chart shows that
a good profit was made after price hit S2 the following day.
7/27/2019 Ten Minutes Pips Snatcher
10/25
In the next example, I made another Sell on the
EURUSD daily chart but using my MT4 trading platform this
time. The following chart shows the trade details.
As you can see on the above chart, a Sell position wasopened after price breached S1 by a further 20 pips. The
trade was then exited with profit after price hit S2 the
following day. The Lot size, stop-loss and profit-target were
all calculated in the same way as the previous example.
I would now like to show you how to evaluate the
performance of your Forex trading strategies by using a
small set of live test results produced by the Forex Profit
Harvester. In particular, I will demonstrate how to calculate
its win-to-loss ratio and expectancy value.
7/27/2019 Ten Minutes Pips Snatcher
11/25
Symbol Lot Size Date Sold Bought P/L
EURJPY 3,000 7/21/10111.1
110.51 19.1
EURJPY 1,000 7/22/10110.00
110.82 -11.66
EURUSD 3,000 7/27/101.3040
1.3027 3.69
AUDUSD 3,000 7/27/100.9085
0.9068 4.95
EURCHF 2,000 7/27/101.3814
1.3793 4.11
USDCAD 1,000 7/29/10 1.03081.0267
3.99
GBPUSD 1,000 7/29/101.5697
1.5663 3.44
USDJPY 1,000 7/29/10 86.8086.74
0.77
USDJPY 1,000 7/29/10 86.22 85.98 2.80
7/27/2019 Ten Minutes Pips Snatcher
12/25
So we will use this formula:
Win-to-loss ratio = (Number of wins/Total Number of Trades)*100
Expectancy = (%Win X Avg_Win) - (%Loss X Avg_Loss)
Where:
% Win = percentage of trades that are winners
% Loss = percentage of trades that are losers
Avg_Win = average size of a win
Avg_Loss = average size of a loss
And we have
Total number of trades is 10
Total number of wins is 9
Total number of losses is 1
Total value of wins is $42.85
Total value of losses is -$11.66
Using these figures, the following parameters were determined:
Avg_Win = $(42.85/9) = $4.76
Avg_Loss = $(11.66/1) = $11.66
Win-to-loss ratio = (9/1)*100 = 90%
Expectancy = (0.90*$4.76) - (0.10*$11.66) = $(4.28 1.17) = $3.11
Consequently, you can anticipate that the Forex Profit
Harvester will produce a $3.11 profit for every dollar that
you stake over the long haul.
7/27/2019 Ten Minutes Pips Snatcher
13/25
What about rivals?
Let us now compare how the Forex Profit Harvester
stacks up against its competitors. One of the favorite claims
that marketers make is that their new Forex systems can
trade all market conditions whether they are trending or
range-bound. No doubt you have presented by masses of
impressive charts illustrating how their new wondrous
technical indicators can detect tops and bottoms without any
failures in sight.
Let me share with you something vital that you are not
being told. All Forex brokers use their own price feeds which
are derived from their selection of banking sources. The
technical indicators that are available on their trading
platforms derive their values from these price feeds. As aconsequence this following concluding statement is very
important: the readings produced by technical
indicators are dependent on Broker platforms.
Does it notstrike you as strange that none of these
promoters advise you about this serious point? They should
do because it can affect your trading results dramatically as
this chart shows.
7/27/2019 Ten Minutes Pips Snatcher
14/25
The technical indicator of one broker advises opening a
BUY at point 1 with a stop-loss just below the blue line.
However, another Brokers trading platform could advise
doing the same but at a slightly later time as shown at point
2. The stop-loss for the second case is now just below thegreen line. Look what happens. In the first case, the trade
turns into a profitable win whereas in the second it gets
stopped-out.
This problem is the bane of all Forex robots and
strategies being sold on the market at the moment. Why do
their promoters not tell you about this? This is because most
of them do not know about this problem and even if they did,
they do not know how to solve it?
7/27/2019 Ten Minutes Pips Snatcher
15/25
However, you will be pleased to know that you can
operate the Forex Profit Harvester on any trading platform of
your choice. This is because although the readings of its main
technical indicators may have a variance between different
Brokers, they are not large enough to affect its performance.
Here is another problem that seriously affects the
performances of most Forex tools. Their designers usually
optimize the performances of their inventions to particular
marketing conditions only. Their products are then able to
produce excellent diagrammatical results which are
subsequently marketed onto you. However, Forex market
conditions can alter dramatically without warning. For
example, the normal drivers generating the price patterns on
the EURUSD trading charts are the decisions of the USA and
European governments together with the comparable
performances of their economics.
However, all this has changed lately as USA recessionary
fears and European debt contagion have caused increasing
levels of fear and uncertainty to become the new drivers.
This means that all Forex devices that were optimized to the
first drivers will no longer function well with the new ones.
7/27/2019 Ten Minutes Pips Snatcher
16/25
Once again, the Forex Profit Harvester has the ability to
ride out such problems. You can therefore use it under all
market conditions with confidence.
So,When Not to Trade the Forex Profit
Harvester
Avoid opening new positions about 2 hours before the
release of important economic data. This is because these
events can generate significant levels of volatility causing the
direction of price to fluctuate wildly. Under such conditions,
your open positions could easily be stopped out. You can
locate the details of all economic releases by visiting sites
such as:
http://www.bloomberg.com/markets/economic-calendar/
Leave at least one hour after the release to allow the
markets to settle into their preferred direction before you
start trading the Forex Profit Harvester again.
7/27/2019 Ten Minutes Pips Snatcher
17/25
My Trading Guidelines
Over the years, I have developed a set to rules which I
always apply when Forex trading. I would like to introduce
them to you now because they are so effective that I am
sure you will derive many benefits by utilizing them yourself.
Your top priority when trading Forex is to minimize your
losses. You can achieve this by developing faith in your
trading strategies. Remember that you must plan your tradesand trade your plan. Also, never trade money that you
cannot afford to lose. In addition, you can trade more
objectively if you learn to think in terms of pips as opposed
to cash.
Remember that you are the boss. As such, make your
decisions wisely based on your trading strategies as opposed
to gambling on your gut instincts. You can achieve this
objective better if you resist becoming obsessed with your
trading. You must learn to relax and enjoy your life.
Focus on identifying fewer but better quality trades as
opposed to seeking adrenaline rushes by trading as many as
possible. Your profits will increase by doing so.
7/27/2019 Ten Minutes Pips Snatcher
18/25
Organize your trading activities well so that you have all
pertinent information at your fingertips. Finally, always
remember to treat Forex with respect and not just as another
gambling pursuit.
Now Ill share with you another system that is very
profitable and it takes you lesser time than Forex profit
Harvester to trade. And I call it
Ten Minute Pip Snatcher
This scalping technique trades off the 1 minute Forex
chart and I love trading the EURUSD using it. I open
positions using either 3 or 5 standard lots depending on
volatility. As such, my successful trades can produce $300-
$500 each. Not bad for 10 minutes of work!
The Ten Minute Pip Snatcher focuses on entering a trade
and then exiting it with ten pips profit plus. I can activate
many positions during a session by using the 1 minute chart.
This strategy is not designed to detect tops and bottoms
and functions best during trending conditions. As it is based
again on the 9 and 50 period exponential moving average
together with the Relative Strength Indicator, you can use
this strategy with any trading platform at your disposal. This
7/27/2019 Ten Minutes Pips Snatcher
19/25
is because thesetechnical indicators are standard to all
trading platforms.
7/27/2019 Ten Minutes Pips Snatcher
20/25
You can download my tenminutescalper template below
and attach it to your chart. This following diagram presents
the 1 minute EURUSD chart displaying both the EMA9 and
EMA50. Look for Buys when EMA9 is above EMA50 and Sells
when EMA9 is below EMA50.
I then utilize the RSI (14-period) on the 15 minute
EURUSD chart to help assess whether the market condition is
overbought or oversold. If RSI is above 70 within a bullish
trend (EMA9 > EMA50) then I do not go long. Similar, I do
not open shorts when RSI < 30 during bear trends (EMA9