Jim Brown - Trading Forex with Divergence on MT4/MT5 & TradingView

TRADING FOREX WITH DIVERGENCE

ON

MT4/MT5 & TRADINGVIEW

JIM BROWN

Copyright 2016 JAGfx

All rights reserved.

ISBN-13: 978-1541214361 ISBN-10: 1541214366

IMPORTANT UPDATES

MT5

Feb 2019

While this book refers to MT4 throughout, the MT5 indicators are now available (for free) with the download package.

TradingView

Feb 2020

While this book refers to MT4 throughout, the custom indicators mentioned in this book have also been converted to the highly popular TradingView platform. The TradingView indicators are now delivered as a part of the download package with this book. The download also includes instructional videos showing you how to set up TradingView and add the indicators etc. I would like to acknowledge Matt for completing the TradingView conversion. Matt can be contacted here:

https://familymantrading.com/

Due to the abovementioned updates as well as updates to my custom indicators over the years, there may be some visual differences with regards to screenshots in the book and what your template/indicators may look like. For example you may have green dots on your QMP Filter instead of blue, or your MACD Platinum may not quite look the same. Dont worry about it and just go with what you download. The concept of the actual trading method has not changed at all, so there is no need for concern.

DISCLAIMER

This book is designed to provide information that the author believes to be accurate on the subject matter it covers, but it is sold with the understanding that neither the author nor the publisher is offering individualized advice tailored to any specific portfolio or to any individuals particular needs, or rendering investment advice or other professional services such as legal accounting advice. Professional services should be sought if one needs expert assistance in areas that include investment, legal, and accounting advice. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using this information will generate profits or ensure freedom from losses. The trade examples provided were hypothetical only and were prepared with the benefit of hindsight. No hypothetical trading record can completely account for the impact of financial risk in actual live trading. Additionally, this book is not intended to serve as the basis for any financial decisions, as a recommendation of a specific trading system. Your personal financial circumstances must be considered carefully before investing or spending money. No warranty is made with respect to the accuracy or completeness of the information contained herein, and both the author and the publisher specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this book.

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INTRODUCTION

M y name is Jim Brown and I am a full time Forex Trader. In my previous book called MT4 High Probability Forex Trading Method, I described a very robust trading method that works very well on the longer time frame charts. What I mean by longer time frame is generally the 4hr or the Daily charts. This was a stand-alone trading method where I gave the reader various options on how to trade it.

This book will use the same principles as the MT4 High Probability Forex Trading Method, however it will concentrate on the use of also trading with Divergence. I did mention Divergence in my previous book, but it was only a couple of paragraphs and I didnt go into detail. This book will go into much greater detail with many examples. I might add that there is no requirement for you to buy my previous book as most of the information covered in that book is covered here as well.

All of my trading is conducted on the hugely popular MetaTrader 4 platform, commonly referred to as MT4, as my custom indicators are specifically built for the MT4 platform and they use their own unique programming language. I appreciate that not everyone is a fan of the MT4 platform but the good news is, you can download a free MT4 demonstration account from a wide choice of brokers to conduct your trade analysis and then carry out your actual trading on your preferred platform.

This book will contain a complete stand-alone trading method where there will be no upsells or further purchases required by the reader. The only requirement to obtain the custom indicators is to subscribe, using your email, to an automated mailing system.

November 2016 update : The software builder of MT4, Metaquotes, stated that they would no longer be upgrading the MT4 platform, as they now prefer to concentrate all their efforts on their MT5 platform. MT5 has been around for a few years now but it wasnt very popular with traders or brokers due to some trading restrictions.

Metaquotes has since modified it and it now appears to be a lot better. If the MT4 platform is phased out completely, then I will be converting all of my custom indicators over to the MT5 programming language so they can be used on that platform.

I cannot imagine that the complete phasing out of MT4 will happen any time soon as there are still a lot of brokers who dont offer the MT5 platform, so while there is no need to panic it is good to be prepared for when it does happen.