NeuroShell Forex System
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NeuroShell Forex System Installation
The NeuroShell zip file contains 2 Metatrader 4
indicators and 1 Metatrader 4 template.
Please install this onto your MT4 program as follows:
Indicators
Place the Pair_Analyzer.ex4 and NeuroShell.ex4 in the
MT4 indicators folder.
The indicators folder can be accessed as follows:
From MT4 top bar press file > open data folder > MQL4 >
Indicators (place in this folder)
Template
Place the NeuroShell.tpl in the templates folder.
The templates folder can be accessed as follows:
From MT4 top bar press file > open data folder >
Templates (place in this folder)
Finally close and re-start the Metatrader 4 platform.
Now open any chart and attach the NeuroShell template
to the chart.
Right click in the chart > Template > NeuroShell
The chart should look similar to the one below:
FAQ: The pair analyzer has a non-functional
display, how can I fix this?
This can happen with some HD monitors because the
suggested resolution is too high for the pair analyzer to
display correctly.
Solution: Change the setting below to 150% (see image
below) so the text on icons would display larger, setting
this 100% caused the indicator to display correctly.
Now you are ready to start trading the NeuroShell
Forex System!
How to trade with NeuroShell
The NeuroShell system contains two indicators: The Pairs
Analyzer and the NeuroShell indicator.
Pair Analyzer
NeuroShell software will not only show you the optimum
entrance, but also the top pairs that will bring you the
most profit.
Before you open any trade, please check the top trending
currency pairs frist on the Pairs Analyzer indicator.
The first 3 and last 3 currency pairs from the top and
bottom are the best trending currency pairs on any give
time interval.
As can be seen from the example above, the most bullish
pairs to buy are the USD/CAD, EUR/GBP and EUR/AUD.
The most bearish pairs to sell are the GBP/USD,
GBP/JPY and AUD/USD.
Now choose any or more of these pairs to trade and wait
for a signal given by the NeuroShell indicator.
Buy Trade Example
As can be seen from the Pair Analyzer indicator, the
USD/CAD is the strongest trending pair to the upside on
the M5 chart.
So, I load this chart because this is an interesting pair to
trade the buy signals given by the NeuroShell indicator.
Attention
We are only trading with the uptrend (green buy star
signals).
Avoid trading against the uptrend (ignore all red sell
star signals). We are not interested in trading against
the uptrend.
Patiently wait for any new green star buy signal to appear
on the chart.
If you want to get alerted, please enable the alerts
directly from the NeuroShell indicator inputs tab.
1 Trade entry & stop-loss
Open buy trade when a green buy signal appears on the
chart.
Place a protective stop-loss below the most recent swing
low price.
2 Take profit methods:
Close the open buy trade when the NeuroShell
indicator gives a sell red arrow.
Close the trade at a predetermined take profit level (for
example, go for 15 pips each on the M5 chart or for 60
pips on the H1 chart.
Sell Trade Example
As can be seen from the Pair Analyzer indicator, the
AUD/JPY is the strongest trending pair to the downside
on the H1 chart.
So, I load this chart because this is an interesting pair to
trade the sell signals given by the NeuroShell indicator.
Attention
We are only trading with the downtrend (red sell star
signals).
Avoid trading against the downtrend (ignore all green buy
star signals).
We are not interested in trading against the downtrend.
Patiently wait for any new red star sell signal to appear
on the chart.
If you want to get alerted, please enable the alerts
directly from the NeuroShell indicator inputs tab.
1 Trade entry & stop-loss
Open sell trade when a red star sell signal appears on the
chart.
Place a protective stop-loss above the most recent
swing high price.
2 Take profit methods:
Close the open sell trade when the NeuroShell gives
a buy green arrow.
Close the trade at a predetermined take profit level (for
example, go for 15 pips each on the M5 chart or for 60
pips on the H1 chart.
That’s it! Trade profitable!
Please use the NeuroShell forex system first on a demo
account to make yourself familiar with the system.
