Pip Collector indicator

Hi,everyone,My name is Chico.This is the first time I start a thread on FF, there maybe some mistakes, so please make allowance for me ,and also I must say sorry for my poor english.

I'm supposed to introduce myself briefly, I'm a university student in Shanghai,China and I have been trading forex for 2 years,not like the majority of newbies,actually I didn't lose much money in Forex because I realized clearly that if I can't find some valuable trade tools there is no way to win, so I strated to seeking even paid for them.you know...buy at the bottom and sell at the top, until I found NO Holy Grail and there never was. I realized the struggle before successful traders is far beyond my imagination,I‘m not going to persuade anybody stop seeking,because in my opinion this is the stage every traders should go through.

When I turned head back,I already bought thousands of indicators,systems,templates,EAs,courses, I realized I had to cover my cost,so I started offering trade tools to the people who need them, until now I'm able to earn almost $1500 from this service every month. next years I'm going to Melbourne to finish my bachelor degree,so My target is to earn $30,000 in a year and a half, the basic idea is opening a offical website to sell EAs with my friends.

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Stop nonesense, this pip collector indicator is better than 99% of indicators in Forex, because it gives you clear stop loss Level and 2 Take profit levels,all the signals follow the current trend,actually this is a trading system.another good news is the original MQL4 code included,so If you have the basic of MQL4,this indicator is more valuable to you,I'm not able to say "you follow the signals how many pips you may catch, how much money you can earn, I just hope this small trade tool may help you or inspire you even a little,also I bought it use my own money so if you don't like it,just close the page and I don't want to hear any grumble,thanks.

The ZIP file includes indicators,template,manual,bonus,everything in there:
First I will attach some fresh screenshots to let you have a bsic profile of pip collector.
Then I will show you the offical method of how to use it.
Last I may post some tips and explain the indicator in details according to your feedbacks.
If the feedbacks are all right,next time I may upload this course: http://www.forexincomeboss.org/

An offer from me:when you decide to buy a strategy,a manual system or a automatic EA,whatever, if you believe me,just e-mail me, maybe the item you want to buy not worthy or even a scam.then you save your money,But I can almost guarantee you: There is no way to save your energy and time,you have to undergo everything.

Share with you
Chico

How to trade with the Pips Collector indicator
It is very simple to trade with Pips Collector. Just follow the signs in your charts.
First, you should load the attached template file to each and every chart you are going to
trade (please note that Pips Collector works on any time-frame but is optimized to work on
the 1H and 4H chart periods!).
The chart, after you loaded the template, will look similar to this:
Now you just wait until you get a signal…

A BUY signal will look like this:

And a SELL signal will look like this:

When you get a signal you just open the trade and insert the Stop Loss and Take Profit as
marked by Pips Collector in the chart.
The trends we will enjoy most to trade will look like this:

Let's see an example of a good trade and a not so good trade:

The best signals arise when the trend has already started and we get the signal early in the
trend but not immediately after a reversal. Signals numbered 1, 3 and 4 are very good
signals with a high possibility of success.

Signals 2 and 5 come quite late in the trend and in those situations the possibility of a
reversal or, at least, a retracement is very high. You can still take late signals because we
don't know in advance how long the trend will continue but we recommend that if you do
take late signals you do it with a smaller trade and trail your stop-loss more aggressively.
The second and very important parameter you should consider is the Profit/Risk Ratio. We
don't want to enter a trade if it has not a good enough P/R ratio. All the signals shown in
the previous chart have a very good P/R ratio.
What is considered a good enough P/R ratio is very personal and is different for each trader
but a rule of thumb is not to enter a trade that has a P/R ratio much lower than 1.
Following are examples of signals that I would not take because the P/R ratio is not good
at all. Remember, we trade when we have the best odds in our favor! We trade to
make money, not for the sake of trading!

Another very personal decision is: which Take Profit will you use to calculate the P/R ratio?,
TP1 or TP2? There is not a single answer to that question. If you are a conservative trader
you probably will choose to use TP1 and if you are a more risky trader you probably will
choose to use TP2.
The choice is connected also with the Take Profit level you decide to go for… So, let's talk
now about the Take Profits. Take a look at the following chart:

I have marked 4 possibilities (marked 1 to 4 in the chart) to take profit in this trade.
1. We draw a horizontal line on Take Profit 1 and we close the trade when it gets to this
price. This is the most conservative of the 4 possibilities!
2. We close the trade when the market makes a consolidation of 5 candles or more
(consolidations could be a sign that the trend is going to finish or, at least, lose power).
This will usually give us a higher profit, but, it will imply that we will take a little more risk
in the trade.
3. We draw a horizontal line on Take Profit 2 and we close the trade when it gets to this
price. This is an even more risky possibility.
4. We close the trade on a "big candle", quite late in the trend (a "big candle" late in the
trend is usually a sign of exhaustion and an imminent trend reversal). This will usually give
us a higher, but, it will imply that we will take more risk in the trade. This is the riskiest
possibility of all.
You can, of course, use more than one of the above possibilities.
For example, you may take profit on half the trade at the Take Profit 1 line and the second
half at the Take Profit 2 line. You can also trail your stop as the trade goes your way. In
fact, there are many combinations of TP1, TP2 and trailing stops that you can conceive.
You must choose the one that better fits your style of trading and you risk
profile personality.

Let's now see some trade examples:

Those 3 trades have a very nice P/R.
Trade 1 comes after the trend started and made a very small retracement. It achieves TP1
very fast. We could close the trade there, at a nice profit, or let it run and hope to reach
TP2 (I am a very conservative trader so I would be happy to close the trade at TP1). If you
decide to let the trade run, you should trail your stop to avoid a loss in case the trend
reverses.
Trades 2 and 3 come right after a sharp correction. Trade 2 comes quite late in the day and
I would not have taken it (again, I am very conservative). Trade 3 comes early in the
morning, in the Japanese session. If you trade this session at all, you could take this signal.
It has a very nice P/R, it doesn't come too late in the trend and it looks like the trend will
resume. Again, if I took this trade, I would take my profits at TP1.
So, what do you do?, which trades you take and which not.
Again, as we said before, you must choose the ones that better fits your style of trading
and you risk profile personality.
I am a very conservative trader so I probably just close the trade at TP1 or will take profit
on half the trade and move my stoploss to break-even (the entry point of the trade). This
way I am protected from a loss in the reminder of the trade and had taken a profit on half
of it…

Let's see another example:

The trend is up and we get signals 1 and 2. The P/R is just OK, around 1:1 to their TP1.
They come within a shallow retracement and I would take them.
Signal 3 has a little worst P/R but the trend is still up and continues to push up, so, I would
take also this trade but with a smaller quantity (probably half of my normal trade).
Signals marked 4 are too late in the trend. Those are not really trades that I want to take
(remember I am a very conservative trader!).
But suppose I took the trades. I can see that the market is not able to make a new high for
the move! I have already made a nice profit from this trend so, I will not be greedy and I
will close the trades as soon as I see the market failing to make a new high. Yes, the
trades could still go well but I will not risk my money to gamble on that. I don't
gamble, I trade, and when the chances are not fairly good in my favor I get out!

Another example:
Signal 1 comes early in the trend and has a good P/R.
Also signals 2 and 3 are not too late in the trend and have good enough P/R.
Signal 4 is a little too late in the trend and, if I took signals 1, 2 and/or 3, I would not take
it.
Signal 5 has a very bad P/R and is quite late in the trend and signal 6 is definitely very late
in the trend so I would not take them. I don't care that signal 5 reached even TP2
and I didn't take it! I made a very nice profit with signals 1, 2 and 3 for this
trend and would be looking for new signals on other pairs…
I hope everything is clear and you will make a lot of pips with Pips Collector.

That is the end of official guide.
Thanks for watching.

Hi, thanks for the system !
My question concerns the installation:
in what folder do I have to copy the file trendbricks ?

It's a bonus,just copy it into "indicators" file.

First question, is it repaint ?

Thanks for this nice system, i will try it on my real account, i hope with your system i will make some good pips.

Hi Zahidrock,

How do you know it's a nice system?

Do you understand how this Indicator works?

If you can't answer the questions you are not ready to Trade this Live.

actually i will use it on my cent account, if i feel this is good and it give me good pips then i will use it on my regular account.

So how does the Indicator work, do you know?

creator says just need to follow sell signal, so that i will follow that only for testing purpose.

hahaha yeah sure, you will make tons of pips with that holy cow cool indicator! ) ehh... beginners.. † $ † $ †