SimplePips System For MT4 app

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SimplePips System For MT4 app

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representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this material. The past
performance of any trading software or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.
UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO,
SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN
GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR
TO THOSE SHOWN.

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SimplePips System For MT4 app

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are
frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading
program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of
financial risk in actual trading.

All information on any mediums of simplepips.com is for educational purposes only and is not intended to provide financial advice. Any
statement about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading
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SimplePips System For MT4 app

Table of Contents
SimplePips trading criteria

SimplePips trading rules

SimplePips trading time zone

How to identify 15-day high and 15-day low

How to identify a candlesticks OHLC

How to put buy stop order

How to put sell stop order

10

Double check your order

13

How to stop loss

15

How to modify your order

16

My SimplePips trading lifestyle

18

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SimplePips System

Trade criteria
Currency pair
GBP/USD only

Timeframe
Daily (D1)

Indicator
SimplePips System 15-day high and 15-day low

Breakout trigger
Buy stop = 15-day high
Sell stop = 15-day low

Pending order expiration

At the end of trading day at 23:59

Take profit
30 pips

Stop loss
Stop loss is at the day closed
Close any opening position at 23:59 at the end of the day if the order triggered but take
profits does not achieved.

Forex broker
Any forex broker you are using now, but preferably MT4 broker with New York close
chart (ie. 5 day chart which closes at the same time as the New York market).
For example: Alpari UK (GMT+2). The system results shown are based on Alpari UK
MT4 chart. It is the least market maker and most stable broker with lowest spreads.

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SimplePips System
Trading rules
Enters Trades:
1. Long Trades:

Put a pending order of buy stop at 00:00 on the 15-day high.

The long trade will automatically trigger when the price move up and breakout 15day high.

Buy stop = 15-day high

2. Short Trades:

Put a pending order of sell stop at 00:00 on the 15-day low.

The short trade will automatically trigger when the price move down and breakout
15-day low.

Sell stop = 15-day low

Take Profits:
1. Long Trades:

Take profit = buy stop + 30 pips

The take profit will automatically trigger when the price move up more than 30
pips

2. Short Trades:

Take profit = sell stop - 30 pips

The take profit will automatically trigger when the price move down more than 30
pips

Stop Losses:

Stop loss is at the day closed

Close any opening position at 23:59 at the end of the day if the order triggered but
take profits does not achieved.

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SimplePips System Time Zone

Trading time zone
Only need to spend one minute in a day, which is at EST 17:00 ( Alpari UK time 00:00)
How to identify your local time during New York time EST 17:00 (Alpari UK time 00:00)?
1. Look for your country location from the map below.
2. Refer to your country local time at the top of the map.
3. This is your local time to trade SimplePips System (During Standard Time).

For example,
If you live in California (CA), your local time to trade is 2pm in the afternoon.
If you live in New York (NY), your local time to trade is 5pm in the evening.
If you live in London (UK), your local time to trade is 10pm at night.
If you live in Singapore (SG), your local time to trade is 6am in the morning.
If you live in Sydney (AU), your local time to trade is 9am in the morning.

(CA)

(NY)

(UK)

(Alapri UK)

(SG)

(AU)

10pm 11pm 12pm 1pm 2pm 3pm 4pm 5pm 6pm 7pm 8pm 9pm 10pm 11pm 12am 1am 2am 3am 4am 5am 6am 7am 8am 9am 10am

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SimplePips System For MT4 App

How to identify 15-day high and 15-day low
1. It is very easy to identify the past 15th day candlestick,
i.e., always look for the 1st candlestick after the 1st grid line
To confirm it, you can always manually count the candlesticks one by one from 1st to
15th day.
2. To identify the 15-day high, look for the 15-day high candlestick between these 15
candlesticks.
In the chart below, the 2nd candlestick is the 15-day high.
3. To identify the 15-day low, look for the 15-day low candlestick between these 15
candlesticks.
In the chart below, the 13th candlestick is the 15-day low.

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How to identify 15-day high and 15-day low

2
8

1
7

15-day
High

10
9

11

6
14

12
5 4
5

15
13

1st Grid Line

Candlestick in this position is always

th
the past 15 day candlestick to
identify 15-day high and 15-day low
for SimplePips System
st

st

1 Candlestick after the 1 Grid line is

th
always the the past 15 day candlestick
always the

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15-day
Low

SimplePips System For MT4 App

How to identify a candlesticks OHLC
(Open, High, Low, Closed)
1. Tap on
and put on the candlestick you want to know the OHLC (eg: past 15th day candlestick)
2. The price shows on the top of the chart is the OHLC of the candlestick.

Open

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High

Low

Closed

How to put buy stop order

1. After you have Identified the 15-day high candlestick
2. Tap on
and put on the 15-day high candlestick (which is the 2nd candlesticks) to identify the
15-day high price (which is 1.57668)
3. Calculate the buy stop and take profit price:
Buy stop = 15-day high
= 1.57668
Buy stop = 1.57668
Take profit = 30 pips
= 1.57668 +30 pips
Take profit = 1.57968

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4. Tap on

5. Tap on GBPUSD and then Trade

6. Type in the volumn

7. Choose Buy Stop and tap on Next

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8. Type in the buy stop =1.57693 and take profit = 1.59993 (for example)
9. Then tap on Place and Done

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How to put sell stop order

1. Identify the 15-day low candlestick
2. Tap on
and put on the 15-day low candlestick (which is the 13th candlestick) to identify the 15day low price (which is 1.53921)
3. Calculate the sell stop and take profit price:

Sell stop = 1.53921

Take profit = 30 pips
= 1.57693 -30 pips
Take profit = 1.57621

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10

4. Tap on

5. Tap on GBPUSD and then Trade

6. Type in the volumn

7. Choose Sell Stop and tap on Next

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11

8. Type in the sell stop =1.53921 and take profit = 1.53621

9. Then tap on Place and Done

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12

How to double check your order

1. To check the order, tap on

2. To check the detail of the order, tap on

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13

3. You will see both the buy stop order and sell stop order in your chart

Buy stop order

(15-day high)

Sell stop order

(15-day low)

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14

How to stop loss

1. For example, to stop loss the sell stop order, tap on

2. Then tap on
again and hold for more than 1 second

3. Tap on

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and

15

How to modify your order

4. For example, to modify sell stop order, tap on

5. Then tap on
again and hold for more than 1 second

6. Tap on

7. Tap on the price to modify your sell stop order and take profit

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16

8. Key the price respectively

9. When done, tap on

10. You should have both buy stop and sell stop pending order put on your GBP/USD chart.
11. Thats all; it just took 1 minute on trading day to do this!

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17

My SimplePips Trading Lifestyle

Every Monday to Friday at 23:59 (Alpari UK time), I will open MT4 platform to monitor my trading order.

There are 3 situations:

If today buy stop or sell stop order triggered and take profit achieved.

Ill identify the new 15-day high or 15-day low.

At 00:00 when the next candle forms, put in new buy stop or sell stop order with take profit 30 pips .

If today buy stop or sell stop order triggered and take profit does not achieved.

Ill stop loss at 23:59 immediately without second thought and please dont feel hurt!

Then, identify the new 15-day high or 15-day low

At 00:00 when the next candle forms, put in new buy stop or sell stop order with take profit 30 pips .

If today buy stop or sell stop order does not triggered.

Then Ill just modify my buy stop or sell stop order respectively according to the 15-day high or 15-day
low

This is what your GBP/USD chart should look like:

Modify or put in new buy

stop order
(15-day high)

Modify or put in new

sell stop order
(15-day low)

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