---click---> http://www.stevehopwoodforex.com/phpBB3 ... =17&t=4436[/mod]
Hi guys,
As many of you guys know, I took a 6 months break to completely revamp and recode the Galaxy Trades Matrix after listening to hundreds of user feedback, and came up with The Forex Army (TFA) Sniper. I would like to introduce the system to you. I have made it much more than just an EA - there will also be lessons on trading methodology, psychology, position sizing, trade journaling, accountability and more. We're targeting to be the 1% of traders who are profitable, and after working at one of the largest brokerages in the world educating traders along with the largest specialist investment research house advising banks and hedge funds, I have put together all my knowledge to build the most lethal system.
[mod=milanese]Please note : there are basic versions of this system that has a $2 markup per round turn (roughly 0.2 pips) and more advanced versions of this system with monthly costs (still deciding on them). Non-US and US citizens have different arrangements too. Most people are cool with this because the site and server costs a bomb to run, however if you're not, I strongly recommend you not to test out the system and continue exploring the other fantastic free systems here at SHW.[/mod]
Why "The Forex Army"?
I believe in trading as a team, with us against the market. When I initially created the first very raw basic system, I thought it was the end product and was thinking of keeping it to myself to use. I then opened up a small test group to see what people thought of it and through endless feedback and suggestions, the teamwork brought about a 300% increase in functionality and with it, much more profits - leading to a really fine piece of art and weaponary we have now - and I fully intend to keep improving it. One thing that was clear to me then, it's that everyone functions better as a team.
Along came more complex strategies and more accurate strategies, people started applying their own scalping methodologies through their own multi-time frame indicators, provided more insights and analyzed the fibonacci mathematics to a degree I could never imagine could happen. The synergy was fantastic and improvements kept on coming.
The most beautiful thing which I didn't realize at first was how everyone loved to gather around the Live Trading Room even when they're not trading. We'd talk about our day, the wife, the kids and just kept each other company while we waited for market opportunities. It was really fun having a band of brothers to face the forex market with. There was accountability to each other for our trades, encouragement when we made mistakes, praise when we hit a home run and in all - a beautiful exchange.
Ultimately, I hope to recreate that atmosphere once again.
Why TFA Sniper?
It's called the TFA Sniper because a sniper takes his time to pick out the perfect opportunity for his shot, which is exactly what we'll be doing. With in-built push notification alerts to your handphone + a pop-up on your Empty4 window, it monitors market momentum and tells you when a potential trading opportunity is arising so you don't have to be in front of the computer all day.
Restricted Access
The TFA Bootcamp Exam is there to prevent irresponsible users who just want to download and use the system then start bashing it because they don't know how to use it. I've spent way too much blood and sweat to see that happen. I have live users generating 15% monthly (using 1:2 leverage and playing very safely) with this system and it will work if you're able to obey and stick to the rules of trading.
Once you've read through all the bootcamp material, you can take The Bootcamp Exam and upon passing, you'll be requested to send your demo account number over.
I will only allow live account use if a user is able to demonstrate good performance with his demo account.
3 Simple Rules
☺Be Nice - Give feedback and share your experience in a friendly way - I'm working on making this system perfect and will continue to do so with every new suggestion
☺Be Patient - the website is now in beta testing mode and may face some bugs every now and then. This system requires you to exercise discipline and work hard to be the very best. If you're looking for a set-and-forget system, this is not for you.
☺Be Encouraged - You're targeting to be the 5% of traders who are actually profitable and it's not going to be easy. This system is working, I can guarantee you and show you live statements too. BUT, it's not going to be easy. It's tough, and I'll keep working on ways to make it easier.
Latest improvements :
★ Formulas - Recalculated and further researched for increased accuracy
★ Time Frames - Added 2 more so there's 7 time frames in total for more opportunities and accuracy
★ UI - Redesigned carefully so that every opportunity is neatly colour coded allowing you to identify the most optimal setup at a glance and allows easier monitoring of multiple currency pairs
★ Trade Journal - Automated forex journal that tracks which trade entry buttons you click and updates it directly to the website via a database (90% complete)
★ TFA Rank Tracker - Smartly links your account performance to the rank you have on the website - so the better you perform, the higher you rise in rank
★ 6 Stage Bootcamp - An intensive and comprehensive lesson plan that guides you to learn how to trade the TFA Sniper in the best manner possible
★ TFA Bootcamp Exam - an exam you have to pass to qualify to use the system
★ Website overhaul - much faster and more intuitive
The TFA Sniper
★ Overview :
★ Here's a close-up view on how it looks like :
Full explanation can be found here : http://www.theforexarmy.com/what-is-the-tfa-sniper/
The TFA Sniper Concept
We all know that price tends to react off fibonacci levels. Every single number you see on the TFA Sniper corresponds to an advanced fibonacci level. The orange and blue colours relate to the volatility of the price required to reach those levels. So to reach a light orange level, price needs moderate volatility (speed). To reach a dark orange level, price needs high volatility (speed). It is the same for light blue and dark blue levels.
So, here’s how it works :
The more volatile (faster) price is, the more likely it is to bounce off the fibonacci levels. So if price rose up to the dark orange levels, it means that it has gained a lot of volatility (hence speed) and is likely to react off one of the fibonacci levels. The more fibonacci levels that are lined up in a row, the higher chance it has on “crashing” into that level and reacting off it.
Imagine this :
You are driving a car. When you drive slowly, everything is fine. You can easily avoid road obstacles (like in the grey zone). However, when you pick up speed to the orange zone, because you’re driving faster, it is tougher to avoid the obstacles. Avoiding 1 obstacle is tough, and avoiding 7 obstacles lined up in a row is even tougher when you’re driving at maximum speed, and that is why having 7 fibonacci levels across 7 time frames in the dark orange/dark blue zone is considered a very powerful level to trade off.
Break It Down
1) EZ (Easy Zone) levels
Dark orange and dark blue boxes are called EZ (Easy Zone) levels. This is usually because when price is in this area, the trade is easy as price easily bounces and reacts off these levels.
2) DZ (Danger Zone) levels
Light orange and light blue boxes are called DZ (Danger Zone) levels. This is because while price has gained some volatility (speed) to bring it to this zone, it is still quite dangerous (but possible) to take a trade. Only look for trades here if you have really good convictions (strategy will be discussed later).
3) Gray Area
Grey area (middle) is where price normally tends to bum around. This is an area with little volatility and movement. This is not a good area to trade.
4) Directional Diamonds (DD)
Directional Diamonds (DD) are the green and red diamonds. They indicate the momentum and speed of the market from the 1m all the way up to the 1d time frames. Light green/red is weakest, Medium green/red is in the middle in terms of strength and Dark green/red is the strongest. The Dark green/red DDs are very strong levels of support/resistance too.
5) EZ Buy/Sell, DZ Buy/Sell buttons
EZ Buy/Sell, DZ Buy/Sell buttons have pre-configured settings in them to suit the kind of volatility the market is experiencing. EZ trades naturally look for more profits while DZ trades have tighter take profits and stop loss levels. The buttons have pre-configured take profit, stop loss, breakeven, scale out of profitable positions, trailing stop loss and step-by-step stop loss based on profits. Yes, it is amazingly comprehensive.
6) Fibonacci Pivot Points
Light green dotted lines and light red dotted lines are fibonacci pivot points. They are strong but should always be used in conjunction with the fibonacci levels. Trading them alone is dangerous.
7) Daily High/Low Line
The orange price is the high/low of the day where the market has been trading. It is only important when the US market has opened.
8) TFA Alert
The TFA Alert is an indicator that is designed to send notifications to your phone and your computer when price is near the EZ levels. It can be configured to send alerts when price is near your DZ levels too.
9) Spread Warning System
Spread Warning system turns all buttons “red” when the spread is above a certain level that would be unprofitable to trade. Sometimes the market causes the spread to be too wide to make profitable scalping trades, and in our fast-paced trading environment, it’s hard to watch out for that – hence, we have configured the system to visually warn you by turning the buttons “red” that the spread is too high. You can still click on the buttons and they will still work, just that it would be advisable to stay out of trades during such times.
10) TFA Advanced Fibonacci Waves
The TFA Advanced Fibonacci Waves is the engine behind all the advanced fibonacci numbers. They are usually good for longer term trading if you wish to use them, otherwise, letting them work their magic in the TFA Sniper is more than sufficient. You can see how price reacts off mysteriously off these levels time and time again (and this is just one time frame – imagine if we combined 7 time frames how much more powerful it can get).
★ Features :
A quick overview of all the features
★The Bootcamp :
Here are the 6 stages one is required to complete in The Bootcamp to help you fully understand how to use the system
★ Video Tutorials :
For those who really want to understand how the system works, you should watch the lengthy video below :
[youtube]https://www.youtube.com/watch?v=UEhAcfXcPWw[/youtube]
FAQs
Q : What is the TFA Sniper?
A : The TFA Sniper is a high accuracy scalping system using 7 time frames of advanced fibonacci mathematics to pick out the most accurate trade entries
Q : How many pips do we target daily?
A : We target at least 10 pips daily, although we usually try to go for 20 pips on average. This is equivalent to roughly 2 to 3 good trades.
Q : What are the best times to trade?
A : The most preferred time is the US London overlap. London opens are pretty good too. Asian sessions tend to be slower.
Q : How many hours do we trade a day?
A : I personally target 2 hours of focused trading a day during the above mentioned periods. Focus on those 2 hours, get 2 to 3 good trades, and call it a day.
Q : What is the accuracy of the TFA Sniper?
A : Our soldiers average an 80% to 90% hit rate with risk:reward of 1:2
Q : What are the best times to trade?
A : The most preferred time is the US London overlap. London opens are pretty good too. Asian sessions tend to be slower.
Q : If this system is so fantastic, why let others use it?
A : I personally believe that trading as a team improves your trading regardless of how good you may be. The TFA Sniper has been improved with at least 10+ features thanks to the suggestions and contributions of all soldiers as they use it. I personally would never have thought of those additional enhancing features myself.
Q : What are the best times to trade?
A : The most preferred time is the US London overlap. London opens are pretty good too. Asian sessions tend to be slower.
Q : How much can I aim to make with the TFA Sniper?
A : With diligent practice, 1-2% minimum a day, which is roughly 30-40% monthly (since we don't like to trade on Fridays)
Q : Who is the TFA Sniper system suited for?
A : Any trade who is sick of using inferior systems in the market and losing money. Also, disciplined traders who are willing to invest the effort into learning the system to take control of their financial freedom. This is NOT for those looking for a set-and-forget system.
Q : What are the main traded currency pairs?
A : EURUSD, AUDUSD, USDJPY, USDCHF, GBPUSD, EURJPY, USDCAD, GBPJPY
Useful links :
★ Main Website : http://www.TheForexArmy.com
★ Start Here Page : http://www.TheForexArmy.com/start-here/
★ Bootcamp Page : http://www.TheForexArmy.com/the-bootcamp/
★ Live Forex Trading Room : http://www.TheForexArmy.com/live-forex-trading-room/
As usual, this system is released to SHW users first because from past experience, you guys are the best bunch around - helpful, appreciative and amazing thinkers
Cheers,
Commander Comfy (my username on the website)