Trend Profiteer The Double-Edged Trader Report

THE DOUBLE-EDGED TRADER

REPORT

By Michael Nurok
www.trendprofiteer.com

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Trend Profiteer The Double-Edged Trader Report

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Trend Profiteer The Double-Edged Trader Report

INTRODUCTION

This special report was created to help you with your enhanced use of the Trend
Profiteer trading system.

Using Double-Edged Trading tactics can enable a trader to catch the big moves
in a trend or swing, rather than just benefiting from small winners.

In fact, it gives traders the ability to safely bank pips while still being in the trade,
and can even enable a trader to manage their positions totally independently,
allowing conservative trade management and aggressive trade management
simultaneously.

This trading style will show you exactly how you can extract a higher yield from
many market moves. In other words, Double-Edged Trading allows you to have
your cake and eat it too by profiting as you go, as well as keeping winning
positions open.

My hope is that you take this information and apply it to your trading. The Trend
Profiteer system is robust, the strategy is powerful, and Double-Edged Trading
can help take you to the next level in terms of pips banked.

As always, feel free to ask questions and send screenshots of your trade setups
in the forum. I will always respond as quickly as possible.

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Trend Profiteer The Double-Edged Trader Report

THE DOUBLE-EDGED TRADER REPORT

Whats better?

Trading 1:1 reward-to-risk ratio hard targets?

Or;
Trading with a profit locking strategy using two positions independently that
enables you to bank your pips while staying in the trade much longer?

Heres a chart of a classic trend move that clearly highlights the difference
between hard target trading and double-edged trading.

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Trend Profiteer The Double-Edged Trader Report

With Double-Edged Trading, a trader can manage their positions totally

independently, allowing true simultaneous conservative and aggressive trade
management.

Trading conservatively implies that you are locking in greater profits and trailing
the market price tightly so if price moves against you, you've locked in the
majority of the trade.

The benefit of trading conservatively is you are converting your trade equity into
capital. The downside to trading conservatively is you can get stopped out much
easier and miss out on the continued move in the direction of your trade (if the
market price continues to move in your intended direction).

Trading aggressively means that you are locking in profits slower and more
liberally so if the price moves against you, you are giving the market more room
to move and therefore giving your trade a better opportunity to survive the
counter move before continuing in the intended direction. In other words, your
trailing stops are further away from the current price than if you were trading
conservatively and you have a higher chance of not being stopped out and
therefore in a position to potentially make more pips if the price continues in the
direction of your trade.

The benefit of trading aggressively is you are giving yourself a better chance of
achieving the goal of keeping your position open for the big moves. The downside
of trading aggressively, is that if a counter move continues against you, your
trade will get stopped out securing a smaller percentage of the equity that
existed in the trade.

Should you trade conservatively or aggressively?

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Trend Profiteer The Double-Edged Trader Report

Both strategies have benefits and pitfalls so the challenge is in deciding when
you should trade conservatively and when you should trade aggressively.

The answer is to trade both ways simultaneously!

The way you can do it that without any additional risk exposure is to open two
trades for the same position at half the lot size you would have used for the
trade if you had taken out just one trade.

For example: if you normally trade 1.0 lot. Instead of opening one trade using
1.0 lot, you can open two trades at 0.50 lot each.

You are still risking the same amount, however now you have much better
control of your trades and the ability to trade one of the trades conservatively
and one of the trades aggressively.

In other words, you can trail one of the trades with tight stops while trailing the
other trade with more liberal stops.

Therefore, if you get one of the trades taken out with a good amount of equity
secured, you're adding to your capital, while still being in the trade and giving
yourself the opportunity to significantly increase your equity if the trade moves
considerably in the intended direction.

You can trade conservatively and aggressively simultaneously.

By locking in profits at different levels on different positions, you

increase the probability of remaining in the trade for potentially bigger
pip gains and profits.

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Trend Profiteer The Double-Edged Trader Report

There are several ways to use double-edged trading that I will go over in detail
later in this report but whichever way you use it, heres a summary of why I like
to trade using double-edged trading.

By locking in profits at predetermined points, if the price moves

against me, I still earn locked in profits, but if the trend continues, I
am in a position to lock in potentially considerably more profits.

At this stage, Im in a win-win (no-lose) scenario and we can manage

the trade with a suitable trailing methodology.

I encourage you to set ultimate targets for each position, as well as three
profit-locking targets. When these targets are hit, your stops are tightened to
lock-in more profits.

Trade positions can be split between two trades and you can set your
reward-to-risk ratio to 5:1, 10:1, 15:1, 20:1 or greater when setting
your profit locking targets.

Initial stop loss should be the same at the beginning of the trade for both
positions.

Profit Locking Targets should be the same, but the stops should be moved
separately, one conservatively with tight stops, the other aggressively with
liberal stops giving the market room to move.

Upon all profit locking targets hit, both trades should be trailed independent of
each other, either with continued delayed moves or by using the Slow Moving
Average, PSAR, Candlestick or other Profiteer trailing methodologies.

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Trend Profiteer The Double-Edged Trader Report

M15 DOUBLE-EDGED BUY TRADE EXAMPLE

Here's an example of a buy trade position on the M15 timeframe for the USDCAD
pair that is being managed with two trades independent of each other.

Notice the 1st, 2nd and 3rd targets are the same for each position, but both are
managed independently with different profit locking points. Once the profit
locking targets are achieved, trades are trailed independent of each other. There
are several ways to trail the trade and the Trade Assistant has five (5) built-in
methodologies that can be utilised. If both trades are still open at this point, I
like to trail each position with a different methodology or at least with different
trailing values so one is more conservative and one is more aggressive.

In this example, the 1st position was closed out for profit after price hit target 1
followed by a retracement. The 2nd position survived to Target 3 at which point,
trailing was activated. A powerful methodology I like to use is the PSAR
(Parabolic Stop And Reverse) and in this case, the 2nd position continued to trail
the price a little further before being closed for profit.

In summary, the trade built capital by banking pips early in its lifecycle and
then continued to build equity with the 2nd position which ultimately locked in
significantly more pips.
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Trend Profiteer The Double-Edged Trader Report

H1 DOUBLE-EDGED BUY TRADE EXAMPLE

Here's an example of a buy trade position on the H1 timeframe for the AUDUSD
pair that is being managed with 2 trades independent of each other.

As with the previous example, the 1st, 2nd and 3rd targets are the same for each
position, but both are managed independently with different profit locking points.

In this example, the 1st position was closed for profit after price hit target 1 and
then retraced before continuing in the intended direction. The 2nd position
remained in the trade to Target 3 at which point, trailing was activated. In this
case, the 2nd positions profit locking level was hit.

Once again, the trade built capital early in its lifecycle and then continued to
build equity with the 2nd position which eventually resulted in many more pips
secured and converted into capital.

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Trend Profiteer The Double-Edged Trader Report

H4 DOUBLE-EDGED BUY TRADE EXAMPLE

Here's an example of a buy trade position on the H4 timeframe for the AUDNZD
pair that is being managed with 2 trades independent of each other.

In this example, like with the previous examples, the 1st position was closed
when the profit locking level after hitting target 1 was hit, however the 2 nd
position survived the retracement and remained in the trade for a considerably
long time, accumulating a very large amount of pips over the period of this
market rally.

Once Target 3 was hit, trailing was activated however market price retraced and
consolidated, closing the 2nd position at this profit locking level.

The net result was a huge difference in pips gained, compared to a hard target
1:1 reward-to-risk trade.

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Trend Profiteer The Double-Edged Trader Report

M15 DOUBLE-EDGED SELL TRADE EXAMPLE

Here's an example of a sell trade position on the M15 timeframe for the USDCHF
pair that is being managed with 2 trades independent of each other.

Just like the buy trades, the 1st, 2nd and 3rd targets are the same for each position,
but both are managed independently with different profit locking points.

In this example, the 1st position was closed out for profit after target 1 was hit
but then price drifted up. The 2nd position remained in the trade to Target 3 at
which time, a number of different trailing methodologies could have netted some
extra pips however the price retraced and the trade was closed on the 3rd profit
lock level.

When trailing, I like to use different methodologies depending on a number of

factors that revolve around the market I am trading. I also like to use significant
levels as a guideline when possible, of when and where to lock in profits. The
trailing methodology can be changed during the trade so the best strategy can
be used to optimise the amount of pips extracted from the market.

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Trend Profiteer The Double-Edged Trader Report

H1 DOUBLE-EDGED SELL TRADE EXAMPLE

Here's an example of a sell trade position on the H1 timeframe for the EURAUD
pair that is being managed with 2 trades independent of each other.

There is quite a lot of momentum in the market with price falling significantly
over a short period of time. The 1st position was converted into capital fairly soon
in the trade but the 2nd position survived comfortably and rode the pip train all
the way down to Target 3 before trailing being activated.

This is what I call a gift. It can also be referred to as a free trade because the
market moves much further than a normal 1:1 or 1:2 level of where hard targets
are typically placed. Once profits are locked in, you can sit back and enjoy the
ride. Sometimes, its quick and bittersweet. Other times, the trend will take your
trade a long way and youll end up locking in hundreds of pips more than you
would have typically secured.

In this example, the 2nd position accumulated a lot of pips in equity and was
closed out for a very good profit growing the trading account capital after price
hit the PSAR trail.

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Trend Profiteer The Double-Edged Trader Report

H4 DOUBLE-EDGED SELL TRADE EXAMPLE

Here's an example of a sell trade position on the H4 timeframe for the USDJPY
pair that is being managed with 2 trades independent of each other.

In this example, the move was very strong and amounted to hundreds of pips
on the 4 hour timeframe. The 1st position hit Target 2 before being closed for
profit at the 2nd Profit Lock point. The 2nd position went on in the trade right
through to Target 3, at which point the trade trailed the price for a few more
pips before price closed it out.

Naturally, if hard targets were used, such as the a 1:1 reward to risk ratio, the
trade would have generated far less pips.

Double-Edged Trading does not always generate more pips than hard targets,
but it does regularly if your 1st 3 targets and your trailing is managed well. In
addition, the moves that you do catch for a lot more pips can really boost your
account equity and capital over the long term

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Trend Profiteer The Double-Edged Trader Report

Conservative Style Double-Edged Trading

The following is a blueprint of a Protect & Profit Strategy I use for split
position trades. If you want to secure maximum profits early in your trade by
using tight stops, then the Conservative Style of Double-Edged Trading may
suit you well.

Heres a guide on how I would potentially trade if I was aiming for staying in
the trade longer but doing it in a conservative manner where I convert most of
my equity into capital.

1st Position 1st Target: When the trade is in profit by 25 pips...

1st Position 1st Profit Lock: Move SL 10 pips from current price,
locking in 15 pips
1st Position 2nd Target: When the trade is in profit by 50 pips...
1st Position 2nd Profit Lock: Move SL 15 pips from the current price,
locking in 35 pips
1st Position 3rd Target: When the trade is in profit by 75 pips...
1st Position 3rd Profit Lock: Start Trailing Trade With the Fast Moving
Average

2nd Position 1st Target: When the trade is in profit by 25 pips...

2nd Position 1st Profit Lock: Move SL 20 pips from current price,
locking in 5 pips
2nd Position 2nd Target: When the trade is in profit by 50 pips...
2nd Position 2nd Profit Lock: Move SL 30 pips from the current price,
locking in 20 pips
2nd Position 3rd Target: When the trade is in profit by 75 pips...
2nd Position 3rd Profit Lock: Start Trailing Trade With the PSAR

Use Conservative Style Double-Edged Trading to secure maximum pips

earlier in your trade with tight stops

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Trend Profiteer The Double-Edged Trader Report

Aggressive Style Double-Edged Trading

If you are more focused on the possibilities of the bigger pip moves, then the
Aggressive Style of Double-Edged Trading may suit you better.

Heres a guide on how I would potentially trade if I was aiming for staying in
the trade longer but doing it in an aggressive manner in which I give my trades
plenty of room to move with bigger stops.

1st Position 1st Target: When the trade is in profit by 25 pips...

1st Position 1st Profit Lock: Move SL 20 pips from current price,
locking in 5 pips
1st Position 2nd Target: When the trade is in profit by 50 pips...
1st Position 2nd Profit Lock: Move SL 30 pips from the current price,
locking in 20 pips
1st Position 3rd Target: When the trade is in profit by 75 pips...
1st Position 3rd Profit Lock: Start Trailing Trade With the Slow
Moving Average

2nd Position 1st Target: When the trade is in profit by 25 pips...

2nd Position 1st Profit Lock: Move SL 25 pips from current price,
locking in 0 pips
2nd Position 2nd Target: When the trade is in profit by 50 pips...
2nd Position 2nd Profit Lock: Move SL 45 pips from the current price,
locking in 5 pips
2nd Position 3rd Target: When the trade is in profit by 75 pips...
2nd Position 3rd Profit Lock: Start Trailing Trade With the PSAR

Use Aggressive Style Double-Edged Trading to secure maximum pips

later in your trade with looser stops.

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Trend Profiteer The Double-Edged Trader Report

Hard Target Style Double-Edged Trading

If you want to combine both hard target and double-edged trading, heres an
outline on how to do it. In this case, you want to secure at least a 1:1 reward
to risk with just the 1st position of the trade, while keeping the 2nd position
open in the trade to catch any trend moves.

This option can give you the best of both worlds the security of hard targets,
while being able to potentially benefit from further gains of price continuing to
move in your intended direction.

1st Position Hard Target: When the trade is in profit by 25 pips...

1st Position Profit Taking: Close trade for 25 pips
2nd Position 1st Target: When the trade is in profit by 25 pips...
2nd Position 1st Profit Lock: Move SL 20 pips from current price,
locking in 5 pips
2nd Position 2nd Target: When the trade is in profit by 50 pips...
2nd Position 2nd Profit Lock: Move SL 30 pips from the current price,
locking in 20 pips
2nd Position 3rd Target: When the trade is in profit by 75 pips...
2nd Position 3rd Profit Lock: Start Trailing Trade With the PSAR

Use Hard-Target Style Double-Edged Trading to secure maximum pips

early in the trade while still allowing the 2nd position to remain in the
trade with the potential of gaining more pips long-term.

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Trend Profiteer The Double-Edged Trader Report

Position Splitting Combinations

Lets look at some different reward-to-risk ratio scenarios. Up until now, I have
implied a 50/50 split with double-edged trading. For example; you trade 1.0 lot,
but you split the position into 2 x 0.50 lot trades
But you can use any combination you wish. The more you bias the percentage
on the 1st position, the more pips you bank earlier and the higher amount you
make with price moves against you. The more you bias the percentage on the
2nd position, the more potential you have to bank bigger amounts from bigger
moves but you risk making less with price moves against you.

Conservative 1ST/2ND Splits:

50/50 Split Trade Positions: Trading 50/50 equally splits the risk between
the 2 positions.

60/40 Split Trade Positions: Trading 60/40 places 60% of the split on the
1st position with 40% on the 2nd position.

70/30 Split Trade Positions: Trading 70/30 places 70% of the split on the
1st position with 30% on the 2nd position.

80/20 Split Trade Positions: Trading 80/20 places 80% of the split on the
1st position with 20% on the 2nd position.

Aggressive 1ST/2ND Splits:

40/60 Split Trade Positions: Trading 40/60 places 40% of the split on the
1st position with 60% on the 2nd position.

30/70 Split Trade Positions: Trading 30/70 places 30% of the split on the
1st position with 70% on the 2nd position.

20/80 Split Trade Positions: Trading 20/80 places 20% of the split on the
1st position with 80% on the 2nd position.

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Trend Profiteer The Double-Edged Trader Report

CONCLUSION

Many trades of the Trend Profiteer trading system will go well, regardless of
whether Double-Edged Trading is used or not.

However, trading is all about maximizing your returns. Overall, double-edged

trading places yourself in net positive outcomes the majority of the time
including some very big positive outcomes some of the time, all while never
risking more than what you normally would. Naturally, how you grow your equity
and capital dictates the final outcome of your account balance.

Therefore, before entering a trade, take time to consider whether you should
trade for just the hard target with one position or if you should use the double-
edged trading strategy. I believe that over time, you will realize the rewards of
double-edged trading by generating more pips than you normally would. Even
though Trend Profiteer is an excellent and robust trading system for quick
scalping in and out trades, you can utilise it for generating big gains from very
big market moves which is how I use it most of the time.

In closing, I suggest you try Double-Edged Trading whenever you can and see if
it can help you achieve better net results.

Good trading & live well,

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