Trading Forex with Divergence on MT4/MT5

Trading Forex with Divergence on MT4/MT5

by Jim Brown

NOOK Book(eBook)


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TWO of Jim's FOREX books are consistently ranked *BEST SELLERS* and this new book is set to take off!

Jim, from Queensland Australia, is a full-time Forex Trader, currently residing in Vietnam.

While Divergence may sound a little technical and intimidating, Jim assures you that it is easy to understand when you know what you are looking for. Some even consider Divergence to be a leading indicator. Basically, it is the difference between what the actual price on the chart is doing and what an Oscillator type indicator is doing. This book will use the same principles as his MT4 High Probability Forex Trading Method, but it is a stand-alone book and concentrates more on trading with Divergence. Jim has no affiliation with any links included in the book and there are no up-sells or ongoing costs for this method, his custom indicators, template etc. Also worthy of mention is that this Method can be used with any other financial instrument that your MT4 platform offers.

Here is an outline of what is included:
1. A downloadable package which includes Jim's personal custom indicators:

  • QQE ADV.ex4
  • QMP Filter 1.01.ex4
  • P4L PeriodCon 509.ex4
  • MACD_Platinum.ex4
  • MACD Platinum Book.tpl
  • Forex Multiple Trade Calculator.xlsx

2. 50+ COLOR images to explain Forex Trading using divergence (access to download/print)
3. A video with instructions on how to load the template and indicators to your MT4 platform.
4. The Table of Contents outline includes:

  • What Is Divergence?
  • Setting Up The Charts
  • The Basic Concept Of This Trading Method
  • Trading With Divergence
  • Some Observations About Divergence
  • Various Examples Of Divergence
  • Entering A Trade After Divergence Has Been Identified
  • Trade Examples On The GBP/JPY 4hr Chart
  • ‘Tight' Divergence
  • The Smart Way To Trade This
  • Stop Loss Placement
  • Trade Re-Entry Technique
  • Trend Losing Steam And Time To Take Action
  • Divergence Formed On The Wrong Side Of The MACD Platinum Zero Level
  • Trade Management
  • High Risk Money Management Technique

5. Access to is Facebook Group which has new and experienced traders contributing, as well as many YouTube videos to help you out.

Product Details

BN ID: 2940154314647
Publisher: Jim Brown
Publication date: 03/24/2017
Sold by: Draft2Digital
Format: NOOK Book
File size: 3 MB

About the Author

I became interested in the Forex markets in 2002 after attending a stock trading meeting at a private residence. One guy announced that he had made a killing by trading the Yen against the US dollar. Who knew that the individual on the street could even trade currencies? Up until then, it was only the banks or wealthy individuals with access to this type of trading. A whole new industry was born.

At first there weren't many reputable brokers around, their platforms were unreliable, spreads were huge and the internet was dial up. Forums popped up and 'trading gurus' appeared.  There was money to be made by those who were were smart at the time, either by straddling the news releases or exploiting the carry trade. But brokers also got smarter and either shut these advantages down or created trading conditions that made it difficult to profit from.

My problem was, I listened to too many so called 'gurus' and got caught up in all the hype. Always thinking they were smarter than me as their systems were complex, and therefore must be better than anything I could come up with. So for a few years, I bounced around different systems, blowing accounts and giving back profits I had managed to make. There were good times and bad times, but I never gave up.

I soon realized that some of the 'gurus' were the real deal, and started to pay attention to them to see what they had to offer. I became smarter with my money management, got out of the day trading habit and generally simplified my trading methods so they were easy to implement and explain. I have also dabbled with building my own trading robots with mixed success and use them at times to assist me with my trading.

I now make a living from trading Forex, mainly off the 4hr or Daily charts. My systems are simple and profitable overall. I love trading Forex and I see it as having a huge potential to make some serious income. It is not as easy as some would make you believe, but if you keep it simple, control your money management, and be consistent, then there is no reason that you too shouldn't succeed in the world of Forex trading.

Patience, courage and discipline.....

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