Finding Great DIAD Forex Entries – Foundation Module

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The “Finding Great Double in a Day Forex Entries 1 on 1 Course”

Finding Great DIAD Forex Entries - Foundation Module

FOUNDATION MODULE

Welcome

Welcome to the “Finding Great Double in a Day Forex Entries 1 on 1 Course”

I am excited about the Forex Entries course because it is a hands-on personal course we I will provide personal Forex trading guidance that will meet you specific Forex trading needs that meet your specific level of experience and expertise.

Over the years we have sold 1000’s of Forex trading course and tools and often we do not hear from the clients. In this course / program there will be constant email and actual one-on-one communication sessions focusing purely on YOUR personal Forex trading which I hope meets your need better.

The focus of this course is on practical trading and most of the real effort will come from you. I will do my best to guide you in the best direction to identify great Forex trading entries. The Goal of this Service is to create self-reliant Successful traders with personal trading entry techniques that they can use independently apply for the rest of their lives. You will also learn how to solve trading problems and identify what works best for you and what does not work.

The Foundation phase

As described in the marketing page this is a very practical course involving lots of trading. After reading this page it might be an idea to reread the marketing page:- marketing page

In the Foundation module we set the basis for moving on to more advanced modules on the way to the quest of finding great Forex entries that will make money in Forex trading.

People that achieve exceptional results in anything in life achieve those results by working towards them and building the skills and abilities to succeed by constantly throwing their energy and time into the activities that will help them succeed.

 So this foundation module consists of 5 main activities.

  1. Establishing what stage your current trading skills are at and the areas where you want to improve – this is important information for me as a guide to personalize the level of guidance requires.
  2. Completing the Udemy Course 100% to make sure you have full knowledge of the Double in a Day top up technique – the assumption is that you know all the contents of this course it this and future modules
  3. Reviewing other entry technique not included in the Udemy course
  4. Trading at least 30 live trades using 3 different entry techniques of your own choice until you achieve a 40% success rate for 2 of the entry technique for at least 10 trades.
  5. A One-on-one session with me to consolidate the progress you have made so far and to review your trades you have made. Activities for the next module will be planned.

The purpose of the Foundation module is to ensure that you have the basic knowledge and trading ability to move to module 2. It will also identify area of personal trading improvement.

Please note that many of the instructions for assignments are given with very limited information on purpose. I am leaving it up to you to decide how to complete the task. The instruction might be – open a demo account with the broker you intend to use to trade live money.  You will need to decide what broker selection criteria you are going to use, leverage, spread and commission structure etc. At a later stage you will be asked to justify your demo account selection.

Also please follow all instructions – For example:- the very first instruction was to bookmark this page – have you done that?

This foundation step is the most important step – please do not rush it – do it thoroughly. Your focus should be on doing everything very thoroughly and with a lot of thought. Everything is important. Some traders, for example, who want to use the ForexTester will have to book off a few days in order to master that great Forex Tool. But once mastered they have a Forex testing skill for life.

You are entitled to a 30 minute one-on-one session a week so please make use of those session – even if it is to clarify your way forward. They will be helpful when you start trading to identify better trading opportunities.

STEP 1: Your current Forex Trading experience and competency level.

Please click on this link to complete a questionnaire about your current Forex trading experience and knowledge level.

https://www.surveymonkey.com/r/GreatEntries

 

STEP 2: Complete the Udemy Course

Please note that this Udemy course does not have much to do with the Double in a Day EA. It explains how the double in a day process works and is essential knowledge in order to progress to future modules.

It is important that you know how to use the Double in a Day Excel model to create strategies of various trend sizes and various gains.

Here is a free link to the Double in a Day Udemy Course.

https://www.udemy.com/learn-how-to-double-your-forex-trading-account-in-one-trade/?couponCode=DoubleinOne

Please complete the entire course to the point that you have earned the Udemy certificate of completion. Please send a copy of the certificate to me once you have it.

There will be a short tests and assignments which involves you creating Double in a Day strategies for different trend sizes and different gain %’s during some of the future modules

STEP 3: Other entry techniques

Simple-N-Easy Entries course

Please read the Simple-N-Easy Entries course in detail. It can be download from the link below.

Click to access SEEntries.pdf

In your practical trading you are going to select 3 entry techniques to use – this course will give you many ideas.

 

The Double in a Day Website

On the Double in a Day website there are many analysed successful trades showing the techniques used to enter those trades.

Please study these techniques using these links: –

Technique selection

The objective of the Udemy course, the Simple-n-Easy Entries course and the Double in a Day historic analysis is for you to find entry techniques that you are personally most interested in using when trading to find great Double-in-a-Day entries.

Make a list of these techniques and select your top 6 techniques based on personal trading experience and intellectual evaluation. You are going to need that list in future modules.

Also make sure you know how to trade the 6 techniques selected.

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STEP 4: Practical trading

Objectives

The objective for the first part of the practical trading is to start trading trades that are relatively easy to enter and have a good chance of being successful. Therefore, we will use trades with a 30 pip target and 30 pip stop as these are likely to give a quick outcome. No trade management (eg following stops etc) is required – just very basic trades with a target and stop.

The idea here is to create a trading record where you have achieved a 40% success rate for any 10 consecutive trades using one particular entry technique. We need at least 40% for any 2 of the 3 trading techniques selected. So if you have achieved 80% for technique 1 and say 30% for techniques 2 and 3 you need to continue trading until you have an at least 40% success rate for the latest 10 trades that you have made.

Also all trades need to recorded and analysed in your trade diary (see below)

Trading format

Enter deals with a 30 pip stop and a 30 pip target and the same size lots for all trades.

Account selection

Select a clean unused demo account that represents the type of account you are most likely to trade live. Go for the biggest possible demo account balance you can get because we want to create a track record for each of the techniques you are going to use. Alternatively open 3 demo accounts so that you can have 1 account for each technique. Please record the account number and investor password for this account. You are going to need it when linking your account to FXBlue (see below).

Broker selection

Select a demo account from a Broker that represents the account you are most likely to trade live

Linking your account to FXBlue

Further down on this webpage is the procedure to link your trading account to FXBlue. After you have linked your account please send me your account FXBlue link so that I can see your trade results using FXBlue

Trading techniques

Using the information provided in the Udemy course, the Simple-N-Easy, the Double in a Day past analysed trades, your forex trading experience today and other techniques you may have used in the past select 3 trading techniques that you specifically would like to test. It is good to have more techniques if the 3 selected do not provide good information.

You can use 3 different demo accounts – one for every technique traded or you can use the MT4 comments facility to identify trades using a particular technique in only 1 demo account.

Currencies

Regarding the currencies to be used use currency volatility as a guide – the more volatile the currency the stronger move maybe experienced.

Timeframes

The time frame selection is very much up to you. Bearing in mind that many trades have to be completed in a reasonable short time you could think of using short term timeframes and the longer term ones to add information to your trading decisions

Trading Diary

The trading diary is very important as it will form the basis of one-on-one discussion for all your trades. Maintain records of all your trades with details such as reasons for entry and most importantly your analysis of the results (Post-Mortum). You decide what you want to record – the more detail about reasons for entry and the postmortem the more you will learn

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Support during the Course

Besides the 90 minute one on one TeamViewer/Skype session at the end of the Foundation stage, during all the 4 first steps I will be fully available for one on one support via Email during all the 4 first steps.  Please use Alex  (att)  expert4x   .   com for email support

We have also schedules weekly 30 minute support and trading review sessions. These session are meant for Forex trades reviews and to discuss any other topics relevant to the course. The sessions can be booked at any time after enrolling.

Please use this link to book our 30 minute sessions. Please select the 30 minute session from the list supplied.

30 Minute Weekly session

Please bear in mind the Goal of this Service is to create self-reliant Successful traders with personal trading entry techniques that they can use independently and apply for the rest of their lives. They will also learn how to solve trading problems and identify what works best for them and what does not work for them.

So please do not get frustrated when I don’t give direct answers to any questions asked. In most cases I will help you find methods and sources of information to answer your questions but don’t expect a quick answer to most questions.

Also please note that many of the instructions for assignments are given with very limited information on purpose. I am leaving it up to you to decide how to complete the task. The instruction might be – “Open a demo account with the broker you intend to use to trade live money”.  You will need to decide what broker selection criteria you are going to use, leverage, spread and commission structure etc. At a later stage you will be asked to justify your demo account selection.

A note on problem solving and information gathering. Always try to use the following sources of problem solution before asking for support.

  • Read the information or instructions very carefully again
  • Use your common sense
  • Use your Forex trading experience
  • Use logic
  • Make a list of possible answers or solutions to your problem or questions
  • Google or YouTube for a solution

Every problem is an opportunity to develop your independent problem solving skills and learn more about Forex trading.

Please use the comments at the bottom of this page to record any questions or comments regarding this page in particular. That way other traders can benefit from the answer to your question.

Linking your trading account to FXBlue

Go to FXBlue at this link:- http://www.fxblue.com/live/  and  click on the MT4 / Account sync option

Enter your account details and other details and register

Log into your account and make sure FXBlue is in-sync with your account

Send me your account link

 Mailing List

Please add your name to the mailing list – Please watch your a confirmation email which will be sent to at the time of you submitting your details. Please click on the confirmation link in that email. Be aware that the confirmation email may go into your spam folder or be rejected by your email service. 

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