System Instructions, Training, & Install

READ AND FOLLOW ALL OF THESE INSTRUCTIONS IN ORDER BEFORE YOU BEGIN!! Read through everything first


This is a once in a lifetime opportunity for you. Treat it as you would if the PERFECT business opportunity or the PERFECT career opportunity came along. You would take copious notes and pay very close attention to every detail. Do the same here.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

BEFORE YOU BEGIN TRADING OR USING THE SYSTEM SEE FULL DKNR FOREX RISK DISCLOSURE, DISCLAIMER, AND LEGAL INFO HERE

FOR ANY QUESTIONS NOT ANSWERED HERE SEE OUR TRIAL & SYSTEM FAQ’S HERE

INSTALL & INSTRUCTIONS PAGE OUTLINE – DO THIS IN ORDER

BE SURE YOU SET THE VIDEO QUALITY TO 1080P HD BEFORE STARTING THE VIDEOS

1. Instruction Welcome Video
2. Opening Demo Account – (not needed for experienced traders with existing MT4 accounts)
3. Definitions
4. Understanding and using the Trading Plan
5. Understanding and using the Journal
6. Basic MT4 instructions, email, and cell phone setups (possible good review for experienced traders)
7. Precision FX adjustments and settings adjustments for each part
8. Risk Management/MM advisor settings
9. USING the system – Conservative and aggressive trading setups for; Long term trend trading, mid term inter-day trading, Day Trading/Scalping
10. PrecisionFX Installation Instructions
Appendix A


1. WATCH WELCOME AND INSTRUCTIONS VIDEO


 

2. WATCH OPEN BROKER DEMO ACCOUNT (Not necessary for experienced MT4 traders)(If you have any issues downloading, installing, and opening the MT4 software and opening a demo account contact the broker you have chosen via live chat or phone to help you get it up and running. They all have staff to assist with any issues or problems you may have with the MT4 platform and your demo account.) (CORRECTION = IN THE VIDEO IT SAYS LEVERAGE IS CONTROLLED ALSO IN THE ACCOUNT  – IT IS RISK CONTROLLED IN THE ACCOUNT – LEVERAGE IS SET AT THE BROKER LEVEL.)

WE ARE NOT ENDORSING ANY BROKER AND WE ARE NOT RECOMMENDING ANY BROKER. DO YOUR OWN DUE DILIGENCE TO DECIDE WHAT BROKER IS GOOD FOR YOU PERSONALLY.

One of the best ways you can find a good broker is to go online to some forex forums (type that in google search) and search for brokers base on the quality rating of the review and the number of reviews.

STAY AWAY from any websites that only show a few different brokers and review them, then have one clear winner among them. They are most definitely a “feeder” site to get people to sign up with them to trade. Find independent website forums and look at the reviews. This should not take long and we simply do NOT have the time and do not want the liability to do broker recommendations for all different parts of the world we deal with.

Index of Content at minute marks
0:00  Intro
1:00  Finding and opening MT4 Demo download
3:35  Opening from desktop
4:30  Finish opening demo account or adding another
5:45 Account settings for New Demo account
8:30  Live account screen and opening up first chart


 

3. LEARN THE DEFINITIONS USED

Download and read the definitions PDF thoroughly twice.

UNDERSTAND THE NUMBERS IN THE PICTURES ARE NOT IMPORTANT. THE PICTURES ARE THERE TO HELP YOU UNDERSTAND THE DEFINITIONS. YOU CAN ZOOM IN VERY CLOSELY ON THE PICS BY DOUBLE CLICKING THEM IN YOUR VIEWER WINDOW.

Added definitions…

Coiling, Compressed, Compression, Chop = a condition where price and candles are stuck in a sideways up and down pattern waiting to break out either higher or lower from the existing channel of confinement.

Click Directly Below
system terms and definitions


 

4. Understanding and using the Trading Plan

One of the most important parts of your trading journey. You will come back to this and adjust it often.


 

5. Understanding and using the Journal


 

6. Basic MT4 instructions, email, and cell phone setups (possible good review for experienced traders)

Index of Content at minute marks
0:00  Format layout
3:40  Save Profile and basic overview
6:00  Help menu
7:40  Common things to know in MT4
9:45  Adding things to charts
11:53 Charts tab
13:00 tools and windows
14:00 Working on charts
19:20 Options – email and text messages



7. Precision FX settings adjustments for each part

Index of Content at minute marks
0:00  Intro
1:15  Indicator list
3:30  HFS Square
6:50  HFSW1-6
9:50  HFSD1-5, HFSH4-4, HFSH1-3, HFSM15-2, HFSM5-1, HFSM1-0
12:50  Institutional Waves
14:40  Market Levels
17:15  Session Break
20:18  X Factor Arrow
26:25  Cross Master/Cross Slave added in scripts area



8. Risk Management/MM advisor settings

You and only you can determine your own level of risk management. These are guidelines and are NOT intended to be personal advice for you. Nothing we ever say, do, or show should ever be construed as personal advice just for you!! Everything you see, hear, or read from DKNR, David, or anyone else involved with DKNR is a guideline and is meant to be used as such so you can determine FOR YOURSELF what your own comfort level is. If you are a conservative trader at no point in time should any trade placed in any one instrument have more than 2% risk of the entire trading account. No more than 10 instruments should have open trades at one time. Multiple trades in the same direction on any instrument count as one trade. Trading with or without stop losses is a personal decision and should be considered at your own level of comfort. Remember, just because you have your trade set to enter or exit at a specific point DOES NOT MEAN that is exactly where it will happen. In times of high market volatility and other times it is very possible for your set positions of entry and exit to be missed by a significant amount.

Index of Content at minute marks
0:00  Intro
0:46  Adjust template for adding MM Advisor
2:00  settings over view
2:45  Understanding 3 different types of money – starting balance, closed profit loss, and open equity
5:25  understanding ticks of stop loss
9:00  Determining your stop loss
13:45  Risk on capital and risk on profit
16:13  Min lot size, too much profit, too much loss, rest of settings
19:12  Wrap up


 

9. USING the system – Conservative and aggressive trading setups for; Long term trend trading, mid term inter-day trading, Day Trading/Scalping

BASIC RULES FOR A CONSERVATIVE TRADE…

  1. MINIMUM OF 3 HFS IN ORDER – (For Day Trading/Scalping BETTER with mid/long term trend of at least 3 HFS in same direction)
  2. HIGHER HIGH & HIGHER LOW FOR A BUY ~ OR ~ LOWER HIGH & LOWER LOW FOR A SELL
  3. IW HAS BEEN ON BOARD IN DIRECTION WHILE SETUP OCCURS
  4. TAKE ALL OR ONE POSITION OFF AT FIRST FIRE HFS IN OPPOSITE DIRECTION THAT IS ONE HIGHER THAN THE CHART YOU ARE TRADING ON (possibly the same number as the chart you are on for fast moves, large news events, or day trading)

 

RULES FOR VERY CONSERVATIVE TRADE…

  1. SAME AS ABOVE WITH IW FIRE AFTER 1 AND 2 ABOVE AND…
  2. TAKE OUT OR TAKEOUTS HAVE ALREADY OCCURRED (preferably 3)

OPTIONAL FOR EXTRA SAFETY – X-FACTOR ARROW FIRES AFTER CONSERVATIVE OR VERY CONSERVATIVE SETUP (A safety factor but will definitely get you in a trade later)

This is NOT the only way to trade the system. We will cover more aggressive entries in the live room along with other techniques for finding tight entries. You will also discover many on your own as you learn to work with the system.

Index of Content at minute marks
0:00  Intro and conservative rules
5:25  Long Term Conservative H4 chart
17:43 Long Term Conservative H1 chart
26:35 System adjustment for next setup
36:15 Long Term aggressive
41.26 Mid Term Trading Conservative M15 – (my favorite)
55:51 Day-mid term on the M5
1:02:44 Carrying trades longer on smaller time frame charts
1:10:29 Aggressive trades in small to mid term charts
1:16:00 Day Trading/scalping – conservative
1:34:32 Day Trading Aggressive
1:43:55 Using x factor for better entries
1:57:30 Adjusting the info in upper right of the chart
2:09 Wrap up – markets I follow


 

10. PrecisionFX Installation Instructions

Go through all of the instructions and videos on this page first BEFORE watching the video below and installing the system you will receive in an email. ONLY AFTER WATCHING EVERYTHING REQUIRED ABOVE; Download the files you have received in your email, and the license key and place them somewhere you can easily find them.

Now go through all the training again to be sure you learn and understand EVERYTHING, then this time open the files and follow all of the instructions in the video. Go through the entire training and videos again. Take notes.

Your system will NOT work without a License Key. Your key will be sent to you via email automatically to the email address you used when you signed up for the trial. The PrecisionFX files will come in the same email or one closely before or after. Only after watching and seeing everything in the training twice and taking notes should you install and begin looking at the system.

Sorry for the echo in this video. We will work on replacing soon.

Precision FX system here – for use with license and MT4 platform.

Precision FX Templates here for the templates.

Session Indicators (go in the indicator folder)

Trading Journal 

Trading Plan

Index of Content at minute marks
0:00  Finding files and placing on your computer
1:55  Adding files to MT4
5:00  Reopening platform and setting indicators
7:40  Adding license key
10:30 Changing charts to activate license
11:40 Loading templates
12:25 Fixing ghosting
14:00 Overwriting Templates
15:15 Adding history without ghosting
17:00 Adding missing Indicators in template
When adding the missing indicators do not forget to add the MM Advisor risk management. It is NOT mentioned in the video but is important to add on any chart you will be using for entering a trade. ALSO, before you add the MM Advisor onto the chart, right click on the MM Advisor printouts in the upper left corner that are all in red and delete them from the chart or the new MM Advisor will print over what is already there.


 

 

 
 

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