Pips-Beantrapper Signal

The Pips-Beantrapper is a combination of signals from two Meta Trader indicators. The indicators are Stochastic Oscillator and Awesome Oscillator.

The above indicators signal are combined with the position of the currency pair candle bar to the 5 Linear Weighted Moving Average.

The image below shows the conditions to be met before a buy or sell trade is placed on a 1 hr chart for any currency pair. It works best on higher time frames (4hr, daily, weekly or monthly).

Pips-Beantrapper

 

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Achievable End Of Year Target For Newbies

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Pips-Beantrapper Signal

CADCHF: POTENTIAL SELL – 4HR, 4 OCT 2018 (THUR 22:45 GMT)

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GBPUSD: POTENTIAL BUY – 4HR, 4 OCT 2018 (THUR 22:11 GMT)

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EURGBP: POTENTIAL SELL – 4HR, 1 OCT 2018 (MON 13:14 GMT)

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NZDUSD: POTENTIAL SELL – 4HR, 1 OCT 2018 (MON 10:55 GMT)

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GBPJPY: BUY – 4HR, 1 OCT 2018 (MON 09:18 GMT)

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EURJPY: BUY – 4HR, 1 OCT 2018 (MON 08:36 GMT)

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EURUSD: SELL – 4HR 27 SEPT 2018 (THUR 6:07)

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USDCAD: BUY – 4HR 26 SEPT 2018 (WED 16:42)

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EURUSD: SELL- 4HR 26 SEPT 2018 (WED 13:45)

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USDCHF: BUY – 4HR CHART 26 SEPT 2018 (WED 13: 40)

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CHFJPY: SELL – 4HR CHART – 24 SEPT 2018 (MON 18:47 GMT)

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GBPCHF: BUY – 4HR CHART – 24 SEPT 2018 (MON 18:29 GMT)

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USDCHF: BUY – 4HR CHART – 24 SEPT 2018 (MON 18:03 GMT)

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USDCAD: BUY – 1HR CHART – 24 SEPT 2018 (MON 16:30 GMT)

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CADCHF: BUY – 4HR CHART – 24 SEPT 2018 (MON 16:18 GMT)

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NZDJPY: SELL – 1HR CHART – 24 SEPT 2018 (MON 15:32 GMT)

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EURCHF: BUY – 4HR CHART – 24 SEPT 2018 (MON 11:38 GMT)

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After

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EURJPY: SELL – 4HR CHART – 21 SEPT 2018 (FRI 16:58 GMT)

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USDCHF: BUY – 4HR CHART – 21 SEPT 2018 (FRI 16:49 GMT)

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USDCHF: SELL – 4HR CHART – 20TH SEPT 2018 (THUR 20:06 GMT)

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AFTER (USDCHF closed +40 pips)

USDJPY: BUY – 1HR CHART – 20TH SEPT 2018 (THUR 15:03 GMT)

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AFTER (USDJPY closed +30 pips)

EURGBP: SELL – 4HR CHART – 20TH SEPT 2018 (THUR 09:22 GMT)

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After (EURGBP closed -30 pips)

GBPUSD: BUY – 4HR CHART – 20TH SEPT 2018 (THUR 08:29 GMT)

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AFTER (GBPUSD closed +90 pips)

GBPJPY: BUY – 4HR CHART – 20TH SEPT 2018 (THUR 08:18 GMT)

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AFTER (GBPJPY closed +130 pips)

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USDCAD: SELL – 4HR CHART – 20TH SEPT 2018 (THUR 07:28 GMT)

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After (USDCAD closed +20 pips)

AUDNZD: BUY – 4HR CHART – 20TH SEPT 2018 (THUR 07:18 GMT)

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After (AUDNZD closed +30 pips)

NZDCHF: BUY – 4HR CHART – 19TH SEPT 2018 (WED 19:55 GMT)

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After (NZDCHF closed +35 pips)

CADCHF: BUY – 4HR CHART – 19TH SEPT 2018 (WED 19:47 GMT)

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After (CADCHF closed -50 pips)

AUDJPY: BUY – 4HR CHART – 19TH SEPT 2018 (WED 19:40 GMT)

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After (AUDJPY bought +60 pips)

NZDJPY: BUY – 4HR CHART – 19TH SEPT 2018 (WED 19:34 GMT)

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After (NZDJPY bought +110 pips)

CADJPY: BUY – 4HR CHART – 19TH SEPT 2018 (WED 19:30 GMT)

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After (CADJPY bought +50 pips)

EURCAD: SELL – 4HR CHART – 19TH SEPT 2018 (WED 19:20 GMT)

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After (EURUSD closed -100 pips)

EURNZD: SELL – 4HR CHART – 19TH SEPT 2018 (WED 19:02 GMT)

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After (EURNZD sold +85 pips)

EURUSD: SELL – 4HR CHART – 19TH SEPT 2018 (WED 14:16 GMT)

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After (EURUSD closed -20 pips)

EURCAD: SELL – 4HR CHART – 18TH SEPT 2018 (TUE 21:02 GMT)

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After (EURCAD sold +60 pips)

AUDJPY: BUY – 4HR CHART – 18TH SEPT 2018 (TUE 20:54 GMT)

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After (AUDJPY bought +45 pips)

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GBPJPY: BUY – 4HR CHART – 18TH SEPT 2018 (TUE 20:49 GMT)

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After (GBPJPY bought +60 pips)

USDJPY: BUY – 4HR CHART – 18TH SEPT 2018 (TUE 20:42 GMT)

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After (USDJPY bought +9 pips)

AUDCHF: BUY – 4HR CHART – 18TH SEPT 2018 (TUE 19:17 GMT)

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After (AUDCHF bought +60 pips)

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CADCHF: BUY – 4HR CHART – 18TH SEPT 2018 (TUE 19:03 GMT)

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After (CADCHF bought +50 pips)

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GBPAUD: SELL – 4HR CHART – 18TH SEPT 2018 (TUE 18:37 GMT)

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After (GBPAUD sold +100 pips)

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GBPCAD: POTENTIAL SELL – 4HR CHART – 18TH SEPT 2018 (TUE 18:01 GMT)

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After (GBPCAD sold +100 pips)

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After

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Pips-Beantrapper: Placing Stop-Loss and Take Profit

PIPS-BEANTRAPPER – For SL and TP see image below, locking your profits with trailing stop or stop loss at entry when in profits is advisable.

Pips-Beantrapper

 

Pips-Beantrapper: How to Identify Reversal or Retracement

PIPS-BEANTRAPPER – For retracement or reversal signals, see images below, See as candle bars stretches or laps across the double 5 moving averages. Watch how price opens from one side of the doubles moving averages, laps across both, and close at the other side to signal a reversal or retracement of trend.

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Pips-Beantrapper

How To Setup Pips-Beantrapper

1. Set up the Double 5 Linear Weighted Moving Averages on your MT4 chart

a. The first 5MA is set to high

b. The second 5 MA is set to low

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2. Set up the Stochastic Oscillator on your MT4 chart

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3. Set up the Awesome Oscillator on your MT4 chart (default setting)

 

Pips-Beantrapper

How It Works

Pips-Beantrapper Buy Signal Conditions

At least three of the following five conditions must be met for a BUY trade to be placed when you are using Pips-Beantrapper;

-Is the Awesome Oscillator bar (or are the Awesome Oscillator bars) above zero level, and also green in color?

-Are Awesome Oscillator bars (below zero level) changing from red to green?

-Is the current candle bar bullish and lapping on the upper 5MA (did the last bullish candle bar open within the double 5 Moving Averages and closes above and across the upper 5 Moving Average)?

-Is the GREEN Stochastic Oscillator line crossing the 72.5 or 80 line while going up at the upper boundary?

-Is the GREEN Stochastic Oscillator line crossing the 20 or 27.5 line while going up at the lower boundary?

Using images to show illustration;

-Is the Awesome Oscillator bar (or are the Awesome Oscillator bars) above zero level, and also green in color?

Pips-Beantrapper

-Are Awesome Oscillator bars (below zero level) changing from red to green?

Pips-Beantrapper

-Is the current candle bar bullish and lapping on the upper 5MA (did the last bullish candle bar open within the double 5 Moving Averages and closes above and across the upper 5 Moving Average)?

Pips-Beantrapper

-Is the GREEN Stochastic Oscillator line testing or crossing the 72.5 or 80 line while going up at the upper boundary?

Pips-Beantrapper

-Is the GREEN Stochastic Oscillator line testing or crossing the 20 or 27.5 line while going up at the lower boundary?

Pips-Beantrapper

Pips-Beantrapper Sell Signal Conditions

At least three of the following five conditions must be met for a SELL trade to be placed when you are using Pips-Beantrapper;

-Is the Awesome Oscillator bar (or are the Awesome Oscillator bars) below zero level, and also red in color?

-Are the Awesome Oscillator bars (above zero level) changing from green to red?

-The current candle bar, is it bearish and lapping on the lower 5MA (did the last bearish candle bar open within the double 5 Moving Averages and closes below and across the lower 5 Moving Average)?

-Is the RED Stochastic Oscillator line crossing the 80 or 72.5 line while falling/moving downwards at the upper boundary?

-Is the RED Stochastic Oscillator line crossing the 27.5 or 20 line while falling/moving downwards at the lower boundary?

Using images to show illustration;

-Is the Awesome Oscillator bar (or are the Awesome Oscillator bars) below zero level, and also red in color?

Pips-Beantrapper

-Are the Awesome Oscillator bars (above zero level) changing from green to red?

Pips-Beantrapper

-Is the current candle bar bearish and lapping on the lower 5MA (did the last bearish candle bar open within the double 5 Moving Averages and closes below and across the lower 5 Moving Average)?

Pips-Beantrapper

-Is the RED Stochastic Oscillator line testing or crossing the 80 or 72.5 line while falling/moving downwards at the upper boundary?

Pips-Beantrapper

Pips-Beantrapper

-Is the RED Stochastic Oscillator line testing or crossing the 27.5 or 20 line while falling/moving downwards at the lower boundary?

Pips-Beantrapper

Pips-Beantrapper can be used on all time frames. It can be used for scalping on small time frames. It can also be used for position trading on higher time frames.

 

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) and 2. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com).

 

 

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