UY ela t= @rasie TRADING MANUAL By: Nicola Delic www.ForexMasterLevels.comNicola Dec Forex Master Levels Introduction Hello. Thank You and Welcome to what I truly hope will be the last Forex trading system you will ever need: Forex Master Levels. The power of the system is evident in the name because it gives you a level of control over your trading that no one has ever seen before. In short, it gives you everything you need to be a master trader: ‘* To master the system in a very short time and be trading for the kind of money you need * To master risk management in a single keystroke so that you are always — ALWAYS- trading for at least twice your investment on every trade ‘* And yes, to even Master the market... Because what you hold in your hands right now is the rarest and most valuable secret in all of Forex. Something completely new. There is a well-known truism in trading, that any system can be written on the back of a cocktail napkin and there is nothing truly “new...” This. Is. New. As you watch the DVDs and go through this manual, you will see that what I have built here takes my scientific approach to trading to a whole new place. A place you have never been before, and very likely with the most cash in your pockets you have ever made from trading, my friend I don't believe in “luck.” Success comes from research, practice, and testing. And with Forex Master Levels I have already done the research and exhaustively tested it for you. All you will need is some practice and to work with me in my members area to see positive results, very quickly. Welcome to your future & Forex Master Levels wor ferexmacterievel.com zComponents of the system In this section we will cover each of the proprietary custom indicators that make up the Forex Master Levels system. We will cover the rules for trading when using these indicators in the next chapter. Let's start by looking at the system as a whole, as it will appear on your chart, and then break down the components by covering each indicator. Once loaded, the full system will appear on your chart just like in the image below: The system is made up of seven indicators. Ill be covering these more in depth also in the videos that accompany the system. Here's a brief overview of what they are and how they work: ~ www forexmasterievels.com eNicola Dale Forex Master Levels 1. FML Super Dashboard Indicator FOREX MASTER LEVELS Bee oeu nad BEARISH [}U) EBT) ea a ed Grea ees ae ay een erie tie Pua en aed an Era Cea au Saran SETUP YOUR TRADE! Image This indicator is one of the main tools for getting the most of your system. The Dashboard consists of four major parts: Volatility, Formation, Confirmation, and Trade. eee PS PrN mt cy od Inge 3 Volatility (Image 3) - This part of the Dashboard has been designed to give you quick view of the current trend on whatever instrument you want to trade. Trend direction is represented with a "Green Bullish Button” for an upward trend and “Red Bearish Button" for a downward trend. wow Forexmasterlavels;com aNicola Delle Forex Master Levels The section below the trend gives you a quick view of the current market volatility. We have separated volatility in three groups: “Low,” “Medium,” and “High.” Most traders should only focus on trading around Medium and High volatility periods. Image 4 Formation (Image 4)- This section of the Dashboard gives you the ability to turn your signal scanner ON or OFF. To start searching for potential long setups, just click on the “Long Setups Scan" button. To search for potential short setups, click the “Short Setups Scan” button. Right below those two Scan buttons you will see a small scale that represents how far away you are from the next setup. When you see more green candles on this bar, it means that you are getting closer to a potential setup. Bese Cue ee te ria Image 3 Confirmation (Image 5) - This revolutionary step gives you an instant automated check to determine if the formation is valid or not. Iwill cover more about how the confirmation works when we cover the system rules. Every time your scanner finds a setup, you are going to see either a confirmation saying “Confirmed” or “Not Confirmed.” Soares Rat ae a) Inuge 6 Trade (Image 6) ~ The 4th and final step of this powerful indicator is The Trade. By clicking on the “Setup Your Trade!” button, you will open a small window that will give you a full cheat sheet on how to setup your trade for the best results. I'll explain much more about this step in the rules section of the manual and in the accompanying videos. ‘www Forexmasterievelscom 3Nicola Detic Forex Master Levels 2. FML Super Signal Indicator The Super Signal Indicator is the key feature of this system. This indicator tells us when the next change in the market is happening. It uses supply and demand and my custom swing formula to predict the best turning points. And this indicator makes that very, very easy, To make it easier for everyone, all the potential turning points with "Green Arrows" are for potential moves higher, and "Red Arrows” are for potential moves lower. The most important thing to remember with this indicator is that before you enter a position, you must confirm every single turning point, which the Dashboard and the Super Signal Indicator make quick and easy to do. All of the signals (arrows) are permanent and never repaint. ‘wonw forexmasterievels com @Nicola Delle Forex Master Levels 3. FML Expert Exhaustion Indicator Image 8 The Expert Exhaustion Indicator gives you a snapshot of when the market is running out of “power” on a particular trend. The indicator calculates that point for you. When your indicator detects a change in current momentum, you are going to see a Yellow Dot’ on the chart. You will use these dots to show you when you need to scale out your open trades and to get a good idea of when the current cycle should finish. ‘ww Forexmasterlevels com 7Nicola Delic Forex Master Levels 4. FML Confirmation Indicators The FML system comes with two confirmation indicators, FML MSC and FML SSC. Both indicators are custom made to be used only with our Super Signal Indicator, and they are not programmed to be used as standalone indicators to analyze the market. FML MSC indicator ‘The FML MSC indicator consists of two parts: + Histogram that is based on combination of custom MACD and MOMENTUM indicator and + White line that is based on stochastic RSI For Bullish Setups ~ MSC Indicator must show Green Bar and white line at 30 level or below For Bearish Setups — MSC Indicator must show Red Bar and white line at 70 level or above Image 9 FML SSC indicator The FML SSC indicator is a combination of Stochastic and Volume indicators that get readings from a few different time frames to generate the bar value. For a better visual representation, we will use a histogram view. For Bullish Setups — SSC Indicator must show Green Bar For Bearish Setups — SSC Indicator must show Red Bar mage 10 ‘wonu forexmasterievels. com aNicola Delic Forex Master Levels 5. FML HiLow Stops Image 1 The HiLow Stop Indicator shows you exactly how to find and place your initial stop loss. You use the combination of custom fractals to identify potential Highs and Lows in the market, 6. FML Channel wow forexmasterlevels. com 9Nicola Belic Forex Master Levels The Channel Indicator is an add-on to our HiLow Indicator and tells us, based on the current trend, if the market is making higher highs while we are in an upwards trend or lower lows in a downwards trend and is based on the current trend. This indicator will help most traders trail their stops better. I will show you how to use that tool specifically a bit later. Let's now move on to learning the system rules. ‘worn forexmasterlevels com 70Nicola Delle Forex Master Levels System Rules Now that we are familiar with the custom indicators used with the system, we can cover the rules for trading the system. There are two ways to trade using the system. 1. Conservatively, and 2. Aggressively Iwill walk you through, step-by-step, each of the rules for trading long (buy) or short (sell) with each of the two trade types. ‘worn forexmasterlevelscom rrNicola Delle Forex Master Lavels Conservative Rules Long (Buy/Bullish) Trades Step 1 — Trend & Volatility Check the current trend on the "FML Super Dashboard" indicator. For a conservative bullish setup, both the 1 Hour (H1) and the 4 Hour (H4) chart trends must be green, as shown on the image: Seamed 7 c= Tnuge 13, Next check the volatility below. We must see either Yellow Medium or Green High Volatility befare we proceed with the next step eed ny cra) Step 2 - Formation Next check Step #2 FORMATION on the Dashboard and click on the "Long Setups Scan Off" button as shown on the image below: ern Poesy Eres ‘SCAN OFF a Image 13 ‘wor forexmasterievels.com 2Nicola Delic Forex Master Levels The indicator will start searching for next bullish setup. The button should change to “Long Setups Scan ON” and you'll see the button border turning green as in the next image: Gare ee ai Below the button we have the “Level Radar.” The more green bars we have, the closer we are to a potential “Signal Arrow.” Once the indicator finds a signal, you will see a potential popup on the chart alerting you that signal has been found. Step 3 - Confirmation Once the Dashboard has found a setup, an automatic Step #3 Confirmation will be filled. To proceed with your trade, you must see both the Confirmation MSC and Confirmation SSC display a green “Confirmed” label as per the image below: Beara CUCU n toate Ca uit Image 17 Manual Confirmation (optional) You can also confirm a setup manually by using the “FML MSC" and "FML SSC" indicators. (On the MSC indicator the histogram bars must be green and the white line must be at the 30 level or below, as in the image above. And; ‘woow Torexmasterievels.com cr 3Nicola Delle Forex Master Levels i |e | Image 19) On the SSC indicator, the histogram bars must be green. Step 4 -— Enter The Trade Now that we have our confirmation, we have @ good indication that we can expect to enter a trade. Click on the “Setup Your Trade Button.” This will open the display of your “cheat sheet window” next to the Dashboard. It will look similar to the image below: Cen me RE Low MeDUM HGH a ay At this point it's advisable to re-check the steps. After you have checked the rules, click on the “SYSTEM/TRADE RULES UNCHECKED" bar to confirm you are happy with the trade. This will force you to follow the rules and build the discipline that will help you with the psychological aspect of your trading, All the information you need about where to: enter, place a stop loss, place a take profit target, and your ideal risk will display on this cheat sheet. ‘won Forexmasterievelscom uNicola Dele Forex Master Levels Entry Point Use the opening of the first candle after the green signal arrow appears as your entry point. Inge 21 Stop Loss For the Stop Loss you will use the previous Low displayed by the HiLow indicator. Look for the lows towards the left side of your chart. ‘vows forexmasterlevels.com isNicola Detic Forex Master Levels _ Take Profit Level For the Take Profit Level use twice the distance from the entry to the Take Profit target, This means you would have a 1:2 Risk Reward Ratio (RR). ww forexmasterievelscom 16Nicola Delle 7 Forex Master Levels Example Trade ua TTT On the image above you can see that we waited for a clear trend. At arrow (1) we can see that the current trend was bullish as both the 1-hour and 4-hour trends were bullish (green). We would now look for a conservative long setup. Below the trend we can see that the volatility was “High”, so we could move to the next step. Next, we could search for "Long" setups. We activated the scanner by clicking the “Long Setup Scan” button (2). A green signal arrow appeared on the chart. Next, we needed to confirm the setup and the easiest way to do so was to check the "Step #3 Confirmation” on the dashboard. In this example we can see that both the “Confirmation MSC and the SSC” were confirmed (3), so we could go ahead and enter a trade, We entered the trade at the opening of the first candle after the green signal arrow appeared (4). For the Stop Loss we used the previous low and for the Take Profit target we used 1:2 Risk to Reward ratio (RR). ‘wow Foremasterievel.com 7Nicola Dele Forex Master Levels Short (Sell/Bearish) Trades Step 1— Trend & Volatility Check the current trend on the “FML Super Dashboard” indicator. For a conservative bearish setup both the 1 Hour (H1) and the 4 Hours (H4) chart trends must be RED, as shown on the image: Beekman (NS) x =} NSS ct Next check the volatility below. We must see either Yellow Medium or Green High volatility before you proceed with the next step. Pe ss ee) a rt rr) Ina Step 2 — Formation Next check Step #2 FORMATION on the dashboard and click on the “Short Setups Scan Off" button as shown on the image below: Beare ray Seay sorta ‘SCAN OFF The indicator will start searching for your next bearish setup. The button should change to “Short Setups Scan ON" and you'll see the button border turning red as in the next image: wn Forexmasterlevels com 18Nicola Delic Forex Master Levels STEP #2 FORMATION at me ay Td Erie 1] | | CL nage 28 Below the button we have the “Level Radar.” The more green bars we have the closer we are to a potential “Signal Arrow”. Once the indicator finds a signal, you will see 2 potential popup on the chart alerting you that signal has been found Step 3 - Confirmation Once the Dashboard has found a setup, an automatic Step #3 Confirmation will be filled. To proceed with our trade, you must see both “Confirmation MSC" and “Confirmation SSC" display a green “Confirmed” label as per the image Beare CCE Cacia Cee aed nd Manual Confirmation (optional) You can also confirm a setup manually by using the “FML MSC" and “FML SSC" indicators. On the MSC indicator the histogram bars must be red and the white line must be at the 70 level or above as in the image above. On the SSC indicator the histogram bars must be red. ‘wows Torexmasterievels.com rc)Nicola Delle Forex Master Levels Step 4— Enter The Trade Now that you have your confirmation, you have a good indication that you can expect to enter a trade, Click on the "Setup Your Trade Button.” This will open the display of your “cheat sheet window’ next to the Dashboard, It will look similar to this: rrr weary Percercreaenrra E ernie Srey puisienian priate Sata FRR LLC Image 32 At this point it’s advisable to re-check the steps. After you have checked the rules, click on the “SYSTEM/TRADE RULES UNCHECKED" bar to confirm you are happy with the trade. This will force you to follow the rules and build the discipline that will help you with the psychological aspect of your trading. All the information you need about where to: enter, place a Stop Loss, place a Take Profit target and your ideal risk will display on this cheat sheet. ‘woru forexmasterievels. com ETNicola Detic 7 Forex Master Levels _ Entry Point Use the opening of the first candle after the red signal arrow appears as your entry point. Stop Loss For the Stop Loss you will use the previous High displayed by the HiLew indicator. Look for the highs towards the left side of your chart. Image 34 ‘wore Forexmasterlevels. com 7 aNicola Dale Forex Master Levels Take Profit Level For the Take Profit Level use twice the distance from the entry to the take profit target, This means you would have a 1:2 Risk Reward Ratio (RR). “Step Loss ig ‘www forexmasteriavels.com 2Nicola Dele Forex Master Levels Example trade Dae Wen nes I TTT RELA Image 36 On the image above you can see that we waited for a clear trend, At arrow (1) we can see that the current trend was bearish as both the 1-hour and 4-hour trends were bearish (red). We would now look for a conservative short setup. Below the trend we can see that the volatility was “High”, so we could move to the next step. Next, we could search for “Short” setups. We activated the scanner by clicking the “Short Setup Scan" button (2). A red signal arrow appeared on the chart. Next, we needed to confirm the setup and the easiest way to do so was to check the "Step #3 Confirmation’ on the dashboard. In this example we can see that both the "Confirmation MSC and the SSC” were confirmed (3), so we could go ahead and enter a trade. We entered the trade at the opening of the first candle after the red signal arrow appeared (4). For the Stop Loss we used the previous low and for the Take Profit target we used 1:2 Risk to Reward ratio (RR). ‘www Forexmasterievels.com BNicola Detic Forex Master Levels Aggressive Rules Aggressive Long (Buy/Bullish) Trades Step 1 - Trend & Volatility Check the current trend on the "FML Super Dashboard’ indicator. For an aggressive bullish setup 1 Hour (H1) trend must be green, as shown on the image: FOREX MASTER LEVELS Buse uread =i E eo x UIE | 37 ge Next check the volatility below. You must see either Yellow Medium or Green High Volatility before you proceed with the next step. Low = MEDIUM HIGH og Step 2 - Formation Next check the “Step #2 FORMATION" on the dashboard and click on the “Long Setups ‘Scan Off” button as shown on the image below: Geared Prats) Pre aktat) erro oN Image 39 www forexmasterlevelscom 7 7Nicola Delle The indicator will start searching for next bullish setup. The button should change to “Long Setups Scan ON" and you'll see the button border turning green as in the next image: Rakai) Ea Nog Image 49 Below the button we have the “Level Radar.” The more green bars we have the closer we are to a potential “Signal Arrow’. Once the indicator finds a signal you will see a potential popup on the chart alerting you that signal has been found. Step 3 - Confirmation Once the dashboard has found a setup, an automatic “Step 3 Confirmation’ will be filled. To proceed with your trade, we must see both “Confirmation MSC" and "Confirmation SSC" display a green “Confirmed’ label as per the image. Beara RUE ates Cea keine Step 4- Enter The Trade Now that you have your confirmation, you have a good indication that you can expect to enter a trade. Click on the "Setup Your Trade Button.” This will open a display of a “cheat sheet window” next to dashboard, It will display as per the image: ‘worn Torexmasterlevels com aNicola Dele Forex Master Levels eres weary Pence rrss anni i Image 42 At this point it's advisable to re-check the steps. After you have checked the rules, click on the "SYSTEM/TRADE RULES UNCHECKED" bar to confirm you are happy with the trade. This will force you to follow the rules and build the discipline that will help you with the psychological aspect of your trading. All the information you need about where to: enter, place a stop loss, place a take profit target, and your ideal risk will display on this cheat sheet. Entry Point Enter the trade as soon as green signal arrow appears on your chart. ~ www forexmasterievels.com 6‘Nicola Dele Forex Master Levels Stop Loss For the Stop Loss, you will use the previous Low displayed by the HiLow indicator. Look for the lows towards the left side of your chart. Image 44 Take Profit Level For aggressive trades you are going to use two Take Profit (TP) levels. For the first TP, use 1:1 Risk Reward and for the second TP, use 1:2 R:R. Image 43 ‘warw-forexmasterlevels.com aNicola Dec Forex Master Levels Example trade aN iy MN TTT aT ANNIE I Image 46 On the image above you can see that the 1-hour trend was bullish and 4-hour trend was bearish, therefore we could anticipate an aggressive long setup (1). Below the trend we can see that the volatility was “Medium’, so we could move to the next step. Next, we could search for “Long” setups. We activated the scanner by clicking the "Long Setup Scan” button (2). A green signal arrow appeared on the chart. Next, we needed to confirm the setup and the easiest way to do so was to check the "Step #3 Confirmation” on the dashboard. In this example we can see that both the “Confirmation MSC and the SSC" were confirmed (3), so we could go ahead and enter a trade, We entered the trade as soon as the signal was confirmed (4). For the Stop Loss we used the previous low and for the Take Profit targets we used 1:1 Risk to Reward ratio for the first Target and for the second Target 1:2 RR www Forexmasterievels com cryNicola el Forex Master Levels Aggressive Short (Sell/Bearish) Trades Step 1 — Trend & Volatility Check the current trend on the “FML Super Dashboard" indicator. For an aggressive bearish setup, the 1 Hour (H1) trend must be red as shown on the image below: FOREX MASTER LEVELS Reon BEARISH BULLISH fa Image Next, check volatility below. You must see either a Yellow Medium or Green High Volatility before you proceed with the next step od ee Image #8 Step 2 - Formation Next check the ‘Step #2 ‘FORMATION’ on the dashboard and click on the “Short Setups Scan Off” button as shown on the image below: Beara rat Sy od Bote la Inoge 49 ‘worn Torexmasterievels.com 8Nicola Detic 7 Forex Master Levels The indicator will start searching for next bearish setup. The button should change to “Short Setups Scan ON" and you'll see the button border turning red as in the next image Boar au LONG SETUPS ‘SHORT SETUPS Eso Ee Tage 50 Below the button we have the “Level Radar.” The more green bars you have, the closer you are to a potential “Signal Arrow.” Once the indicator finds a signal, you will see a potential popup on the chart alerting you that signal has been found. Step 3 - Confirmation ‘Once the dashboard has found a setup, an automatic “Step 3 Confirmation’ will be filled. To proceed with your trade, you must see both “Confirmation MSC” and “Confirmation SSC" display a green “Confirmed” label as per the image. ea eaauea CLC Cena) aa i cients mage 51 ‘iw forexmasterievels.com 30Nicola Dele i _Forex Master Levels Step 4 - Enter The Trade Now that you have our confirmation we have a good indication that we can expect to enter a trade, Click on the “Setup Your Trade Button”. This will open a display of a “cheat sheet window’ next to dashboard It will display as per the image: cree wearer) Creer sg Pol Eee) Seen ed Ratatat At this point it’s advisable to re-check the steps. After you have checked the rules, click on the “SYSTEM/TRADE RULES UNCHECKED‘ bar to confirm you are happy with the trade. This will force yourself to follow the rules and build the discipline that will help you with the psychological aspect of your trading. All the information you need about where to: enter, place a stop loss, place a take profit target and set your ideal risk will display on this cheat sheet. wor Forexmasterlevels com 3_Nicola Delie Forex Master Levele Entry Point Enter the trade as soon as the red signal arrow appears on your chart. Image 33, Stop loss For the Stop Loss you use the previous High displayed by the HiLow indicator. Look for the highs towards the left side of your chart. Irae 54 ‘wan forexmasterlevelacom 2Nicola Dele Forex Master Levels Take Profit level For aggressive trades you are going to use two Take Profits (TP) levels. For the first TP you will use 1:1 Risk Reward and for the second TP, a use 1:2 R:R. ‘wan forexmasterlevelscomNicola Delic Forex Master Levels Example trade Oe © I COE RCL Image $6 On the image above you can see that the 1-hour trend was bearish and 4-hour trend was bullish, therefore we could anticipate an aggressive short setup (1). Below the trend we can see that the volatility was "High”, so we could move to the next step. Next, we could search for “Short” setups. We activated the scanner by clicking the “Short Setup Scan” button (2). A red signal arrow appeared on the chart Next, we needed to confirm the setup and the easiest way to do so was to check the "Step #3 Confirmation” on the dashboard. In this example we can see that both the “Confirmation MSC and the SSC” were confirmed (3), so we could go ahead and enter a trade. We entered the trade as soon as the signal was confirmed (4). For the Stop Loss we used the previous low and for the Take Profit targets we used 1:1 Risk to Reward ratio for the first Target and for the second Target 1:2 RR. ‘Won forexmasterievels.com aNicola Delle Forex Master Levels Trade Management 1. Perfect Risk Finding a perfect risk setup is one of the keys to becoming a successful trader. Forex Master Levels provides you with almost an automated trading experience. So you have a lot of time to plan your trades and manage your risk Every trade that you take should have pre-defined RISK. For best results, you need to use the same risk for each trade and an Ideal Risk Per Trade is between 1-2%. Example: If you have a $10,000 trading account and you selected 1% Risk Per Trade (RPT), your position should not lose you more than $100 ever: Next you need to plan your Weekly Risk and define how much capital can you afford to risk every week. If you reach your Risk Per Week (RPW) level, you must stop trading until the start of next week. Ideal Risk Per Week is between 5-8%. We are going to cover more about Risk in upcoming training, so just check the members area for that subject. ‘wow Forexmasterievels.com 5Nicola Dele Forex Master Levels 2. Trailing Stops & Risk-Free Trades While you are in a trade, you should always look to minimize our total portfolio Risk, that's why good traders will look to move the stop loss to the entry point when time is right. That's what we call a Risk-Free Trade (RFT). In FML trades, there are a few options to create Risk Free Trades: * The easiest way is to wait for your trade to reach 1:1 Risk Reward and after that you can freely move the stops to breakeven. * Or you can wait for your FML channel to move towards your entry level and you can move the stops after that. Image 37 won Toremasterevelscom osNicola Delic ___ Forex Master Le 3. Early Exits There are a lot of things that move the market. We are not going to reach our Take Profit every time, so we need to watch for a potential Exhausting formation from our indicator. If you are in a trade and you get an Exhaustion Alert, you can do one of two things: ‘+ Close the entire trade (This is a better choice for Aggressive Traders) + Close half of your trade and move the stop loss to breakeven On the images below, you'll see the place where the Exhaustion indicator appeared during two of our trades. Wan forexmasterlevelscom 7Nicola Delle Forex Master Levele Image $9 worw forexmasterlevels.com 8Nicola Delle Forex Master Levels 4. Ideal Time Frames For aggressive trading, the ideal time frames are the M15 and M30 For conservative trading, the ideal time frames are the M15, M30, H1. Important: To prevent people from using smaller time frames like M1 and MS we have disabled our signal indicator so it will not work on these. 5. igh Impact News Trading during the high impact news is always hard, so if you don’t feel confident in your abilities yet with the system, I want you to skip trading the news. If you still want to trade, you should only be using a conservative setup, with few changes in the rules. Your risk per trade must be smaller (half of your normal size) and you should target 1:1 R:R and after that 1:2. ‘wan Toreumasterievels.com 3Nicola Bec Forex Master levels Conclusion First ofall, would personally like to congratulate you on deciding to improve your trading with my assistance. If you are reading this section, that can only mean that you are one step closer to pushing your trading to the next level! Maybe it will take some time to practice all you learned from this manual and the videos, However, nothing good ever comes ovemight, so just keep practicing If there is something that isn’t clear, just reach out to me, especially in the members area, and I will help you Before I leave you to start practicing... If you could do me one small favor. Every single day, try to become a better trader. Practice spotting the best setups in the market. Practice trading by trading those setups. Try to learn from your mistakes and, most importantly, believe in yourself! I TELL ALL MY STUDENTS THAT EVERY SINGLE DAY THE MARKET WILL GIVE YOU A FEW CLUES OF WHAT TO EXPECT NEXT. YOUR JOB IS JUST TO FIND THOSE CLUES IN TIME! My Best Always! W-e~ Nicola ‘ww Forexmasterlevels com 0