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Here you can download free FOREX e-books. The information in these Forex e-books will help you develop your trading skills, money management abilities and self-control. The Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. You can get Adobe Acrobat Reader from here. Some of the e-books (those that are in parts) are zipped.
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Automatic Forex Expert Advisor Trading System MT4
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The Daily Fozzy Method - Forex Strategy
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An e-book for trading forex daily charts Introduction First steps Making a trade Placing stops Exiting a trade No target pointGetting in and out; Setting limits based on s/r; Using the 28 EMA; Using Fibonacci levels Using limits Multiple lots Choosing the trades to trade Going with the trend Bucking the trend Waiting for convergence Back-to-back signals Reactions to news releases Waiting for retraces Final thoughts Risk and correlation Backtesting Produced by This e-book aims to outline a simple method of using daily charts to profit from forex. Why daily charts? Using the dailies allows the trader to work trading into his daily routine, being able to assess every opportunity but stopping the charts from taking over his life. In short, a tradable system for people living in the real world. Most of the ideas contained within this e-book belong to the generous traders at Forex Factory’s forum. You can visit that thread here at My thanks go to all the traders who have shared their ideas and thoughts. The following pages merely provide guidelines for taking and exiting trades. This book comes with no guarantees, no promises. Trades are made at your own risk and the author of this e-book is not liable for any losses you may incur. Forex is a high risk enterprise, you may lose all of your money and you should only trade with money you can afford to lose. First steps I use Metatrader4 for my charts. They are free and incredibly user friendly. Downloads can be found at any MT4 broker, just sign up for a demo account. A nonexpiring account can be found at So we have our charts. Now we want to set up the method. First, make sure you are looking at the daily (D1). Open the navigator and expand the “Indicators” sub-root (see Fig 1). Next drag the Moving Average icon onto the RSI window and set it as an 8-period EMA (Exponential Moving Average) (see Fig 3 for settings details). Next step is to put an ATR (Average True Range) figure in the window (see Fig 4). Note: We only want the ATR value, not the graph so color should be set to “none”. Finally, add a 28-period EMA to the main chart window so your chart should look like Fig 5. To avoid having to set up charts yourself, you can find a template at my home page’s resource page at Download the file and put it in c:\program files\your metatrader4 directory\templates. A brief overview of the RSI indicator and related topics can be found at
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