Simplepips System for Mobile User

SimplePips System For MT4 app

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SimplePips trading criteria 1

SimplePips trading rules 2

SimplePips trading time zone 3

How to identify 15-day high and 15-day low 4

How to identify a candlestick’s OHLC 6

How to put buy stop order 7

How to put sell stop order 10

Double check your order 13

How to stop loss 15

How to modify your order 16

My SimplePips trading lifestyle 18

Table of Contents

www.SimplePips.com 1

Currency pair

GBP/USD only

Timeframe

Daily (D1)

Indicator

SimplePips System™ 15-day high and 15-day low

Breakout trigger

Buy stop = 15-day high

Sell stop = 15-day low

Pending order expiration

At the end of trading day at 23:59

Take profit

30 pips

Stop loss

Stop loss is at the day closed

Close any opening position at 23:59 at the end of the day if the order triggered but take

profits does not achieved.

Forex broker

Any forex broker you are using now, but preferably MT4 broker with “New York close”

chart (ie. 5 day chart which closes at the same time as the New York market).

For example: Alpari UK (GMT+2). The system results shown are based on Alpari UK

MT4 chart. It is the least market maker and most stable broker with lowest spreads.

SimplePips System™

Trade criteria


SimplePips System™

Enters Trades:

1. Long Trades:

Put a pending order of buy stop at 00:00 on the 15-day high.

The long trade will automatically trigger when the price move up and breakout 15-

day high.


2. Short Trades:

Put a pending order of sell stop at 00:00 on the 15-day low.

The short trade will automatically trigger when the price move down and breakout

15-day low.

Sell stop = 15-day low

Take Profits:

1. Long Trades:

Take profit = buy stop + 30 pips

The take profit will automatically trigger when the price move up more than 30

pips

2. Short Trades:

Take profit = sell stop - 30 pips

The take profit will automatically trigger when the price move down more than 30

pips

Stop Losses:

Stop loss is at the day closed

Close any opening position at 23:59 at the end of the day if the order triggered but

take profits does not achieved.

Trading rules


SimplePips System Time Zone

(CA) (NY) (UK) (Alapri UK) (SG) (AU)

10pm 11pm 12pm 1pm 2pm 3pm 4pm 5pm 6pm 7pm 8pm 9pm 10pm 11pm 12am 1am 2am 3am 4am 5am 6am 7am 8am 9am 10am

Only need to spend one minute in a day, which is at EST 17:00 ( Alpari UK time 00:00)

How to identify your local time during New York time EST 17:00 (Alpari UK time 00:00)?

1. Look for your country location from the map below.

2. Refer to your country local time at the top of the map.

3. This is your local time to trade SimplePips System (During Standard Time).

For example,

If you live in California (CA), your local time to trade is 2pm in the afternoon.

If you live in New York (NY), your local time to trade is 5pm in the evening.

If you live in London (UK), your local time to trade is 10pm at night.

If you live in Singapore (SG), your local time to trade is 6am in the morning.

If you live in Sydney (AU), your local time to trade is 9am in the morning.

Trading time zone


SimplePips System For MT4 App

1. It is very easy to identify the past 15th day candlestick,

i.e., always look for the 1st candlestick after the 1st grid line

To confirm it, you can always manually count the candlesticks one by one from 1st to

15th day.

2. To identify the 15-day high, look for the 15-day high candlestick between these 15

candlesticks.

In the chart below, the 2nd candlestick is the 15-day high.

3. To identify the 15-day low, look for the 15-day low candlestick between these 15

candlesticks.

In the chart below, the 13th candlestick is the 15-day low.

How to identify 15-day high and 15-day low


How to identify 15-day high and 15-day low

3

2 1

15-day

High 8

78

4

5

12

11

10

9

6

5 15

14

13

15-day

Low

Candlestick in this position is always

the past 15th

day candlestick to

identify 15-day high and 15-day low

for SimplePips System

3

2 1

1st

Candlestick after the 1st

Grid line is

always the the past 15th

day candlestick

always the

1st Grid Line


SimplePips System For MT4 App

How to identify a candlestick’s OHLC

(Open, High, Low, Closed)

1. Tap on “ ” and put on the candlestick you want to know the OHLC (eg: past 15th day candlestick)

2. The price shows on the top of the chart is the OHLC of the candlestick.

Open High Low Closed


How to put buy stop order

1. After you have Identified the 15-day high candlestick

2. Tap on “ ” and put on the 15-day high candlestick (which is the 2nd

candlesticks) to identify the

15-day high price (which is 1.57668)

3. Calculate the buy stop and take profit price:


= 1.57668

Buy stop = 1.57668

Take profit = 30 pips

= 1.57668 +30 pips

Take profit = 1.57968


4. Tap on “ ”

5. Tap on “GBPUSD” and then “Trade”

6. Type in the volumn

7. Choose “Buy Stop” and tap on “Next”


8. Type in the buy stop =1.57693 and take profit = 1.59993 (for example)

9. Then tap on “Place” and “Done”


How to put sell stop order

1. Identify the 15-day low candlestick

2. Tap on “ ” and put on the 15-day low candlestick (which is the 13th candlestick) to identify the 15-

day low price (which is 1.53921)

3. Calculate the sell stop and take profit price:

Sell stop = 1.53921

Take profit = 30 pips

= 1.57693 -30 pips

Take profit = 1.57621


4. Tap on “ ”

5. Tap on “GBPUSD” and then “Trade”

6. Type in the volumn

7. Choose “Sell Stop” and tap on “Next”


8. Type in the sell stop =1.53921 and take profit = 1.53621

9. Then tap on “Place” and “Done”


How to double check your order

1. To check the order, tap on “ ”

2. To check the detail of the order, tap on” ”


3. You will see both the buy stop order and sell stop order in your chart

Buy stop order (15-day high)

Sell stop order (15-day low)


How to stop loss

1. For example, to stop loss the sell stop order, tap on” ”

2. Then tap on “ ” again and hold for more than 1 second

3. Tap on “ ” and “ ”


How to modify your order

4. For example, to modify sell stop order, tap on” ”

5. Then tap on “ ” again and hold for more than 1 second

6. Tap on “ ”

7. Tap on the price to modify your sell stop order and take profit


8. Key the price respectively

9. When done, tap on “ ”

10. You should have both buy stop and sell stop pending order put on your GBP/USD chart.

11. That’s all; it just took 1 minute on trading day to do this!


My SimplePips Trading Lifestyle

Every Monday to Friday at 23:59 (Alpari UK time), I will open MT4 platform to monitor my trading order.

There are 3 situations:

If today buy stop or sell stop order triggered and take profit achieved.

I’ll identify the new 15-day high or 15-day low.

At 00:00 when the next candle forms, put in new buy stop or sell stop order with take profit 30 pips .

If today buy stop or sell stop order triggered and take profit does not achieved.

I’ll stop loss at 23:59 immediately without second thought and please don’t feel hurt!

Then, identify the new 15-day high or 15-day low

At 00:00 when the next candle forms, put in new buy stop or sell stop order with take profit 30 pips .

If today buy stop or sell stop order does not triggered.

Then I’ll just modify my buy stop or sell stop order respectively according to the 15-day high or 15-day

low

This is what your GBP/USD chart should look like:

Modify or put in new buy stop order (15-day high)

Modify or put in new sell stop order (15-day low)

Documents

Simplepips System for Mobile User