Nano Trader FX - universal trading system free download
Nano Trader FX is a universal trading system that is perfect for scalping on M1-M5, as well as for day trading on M5-M30 and for swing trading on M30-D1. As always, the developers promise us a lot of profitable trades and huge profits when using this system. But is it really so? We need to figure this out. Let's start.
Characteristics of the Nano Trader FX
- Platform: Metatrader4
- Currency pairs: Any Currency Pairs, Commodities, Stock, Indices
- Trading Time: Around the clock
- Time Frame: M5-D1
- Recommended broker: InstaForex, XM, RoboForex
How it works?
Earlier, I published an article with a trading system called FX Eagle Forex System. So NanoTrader FX as two drops of water similar to it. I would say that this is an improved and slightly modified FX Eagle strategy. The similarity is obvious. There is also a signal indicator and a panel with the analysis of currency pairs. Here's a look:
It seems to me that even the signals for entering the market are the same (or very similar). In general, sometimes it seems to me that the developers are selling us the same system, they only modify it a little. But at the heart of each of them are the same standard indicators.
Nano Trader FX has two indicators:
- Nano Trader Trend Analyzer - a panel with currency pairs on the left side of the chart, is the basis of the system
- Nano Trader Signal - signal indicator in the form of a blue/red line on the chart
Nano Trader Trend Analyzer analyzes currency pairs in real time and shows us pairs that are dominated by a bull trend (blue dot), a bear trend (red dot) and the absence of a pronounced trend (gray dot):
If you wish, with a double click you can switch to any currency pair from the Trend Analyzer panel. No need to additionally open a new chart. It is very comfortable.
In the settings of this indicator, you can add/remove currency pairs and other assets:
Trading Rules
BUY Signal:
- Trend Analyzer shows the presence of a bull trend - a blue dot
- Nano Trader Signal also drew a bold blue dot on the price chart
Open a position on the next candle when the signal has finally formed (it may disappear at the moment of formation):
SELL Signal:
- Trend Analyzer shows the presence of a bearish trend - a red dot
- Nano Trader Signal also drew a bold red dot on the price chart
Open a trade on the next candle when the signal has finally formed (it may disappear at the moment of formation):
Stop Loss should be set slightly higher/lower than the previous local minimum / maximum, respectively.
Exit the trade (4 options): close the open trade when a blue dot - for sell or red dot - for buy appears on the chart, go for a fixed profit target*, go for at least 2:1 reward to risk ratio or exit the trade near the previous swing high level (resistance).
*About the fixed profit target: The vast majority of traders prefer to go for a fixed profit target. It’s simple and you don’t need to calculate anything.
Below you will find some typical take profit targets for the different time frames:
| TimeFrame | Take Profit |
|---|---|
| M5 | 20-35 pips |
| M15 | 25 -40 pips |
| M30 | 30-75 pips |
| H1 | 50-120 pips |
| H4 | 80-200 pips |
| D1 | 125-300 pips |
You can also exit the trade when the price crosses the signal line from bottom to top - for Sell, and from top to bottom - for Buy.
And if Trend Analyzer shows a gray dot, then we are not entering to the market.
I bring to your attention a short video with the work of this system in the strategy tester:
The video clearly shows that the signal may repaint at the time of formation (time 0:50 and 3:31 on the video). But the signal does not disappear when it is finally formed!
In general, I can say that Nano Trader FX will not make you a financially independent person. But perhaps in combination with additional filters, this will make something worthwhile.
In the archive Nano_Trader_FX.rar (1.33 Mb):
- NanoTraderAnalyzer.ex4
- NanoTraderSignal.ex4
- NanoTrader.tpl
- Nano_Trader_FX_Manual.pdf
Free Download Nano Trader FX
