Ok, traders

this system is absolutely free !!!

what is the BoxOption in OANDA?

with the boxoption you could purchase a kind of prediction contract with your broker.

if you predict the price will HIT the box you will get back your purchaseprice + a premium (30% - 80%) which is calculated.

if you predict the price will MISS the box you will also get back your purchaseprice + premium(30% - 80%).

But if the conditions not met you loose the purchaseprice.

the good think is. while the price is went away from your hit-box you could sell the box back to your broker (the same with the miss-box), but not for the purchase price. this lower the loss a little bit. sometimes 10%-50% of the purchased price.

the best is you do not have a margincall or pay SPREADS.

why is this good?

with my system i only use the BoxOption with news releases. and with OANDA they do not have fixed spreads. during release the spreads widden sometimes more then 5 pips on major currencies. thats really bad :-(

and they do not provide hedge functionality.

ok here is the instruction to trade the FXBox:

1. Look at an economic calender for all news releases at a day. pick only the news with high impact prediction ex.:

a. Interest rate decision
b. Retail sales
c. Inflation (consumer price or producer price)
d. Unemployment
e. Industrial production
f. Business sentiment surveys
g. Consumer confidence surveys
h. Trade balance
i. Manufacturing sector surveys

at the Forex Trading System with Forex Signals and Broker Reviews site there is a calendar where you could open the historical news release charts. this is important, because to go sure there are a high impact news also in the past.

i would not get credits from the side nor the author ask for advertisement. it is only my personal calendar tool. use others if you like.

2. login to oanda and draw a MISS-pricebox with a startdate 5 minutes after the news release you selected. because you will predict that the price will miss the box after the news releases.

VERY IMPORTANT: You have only a 15 minute range from the current candle until drawing the box. hope you understand. prepare early to draw the box

3. set the box to a 10 pip range and the middle of the box have to be about the same height like the midprice in the chart.
4. set the timeduration to 5 minutes. this is the minimum allowed.
5 set the purchase price to whatever you want min. 1US$.

6 You will see the payment price of the box you set. the more the price is near to the box the more payment you will get if the conditions are met. more below.

7. Wait until the currency pricetime is a little bit more then 15 minutes until it reaches the box. fine adjust the pip range to the middle and then

press 'SUBMIT'.

but be aware! if the time range is smaller then 15 minutes to the box you have to set the start time 5 minutes later. and this is sometimes to much and the box could hit. this is not what we want. we want missing the box.

20 minutes later you will see the results. with high impact news the price will miss the box and you will get your profit + the purchaseprice of the box.

if you compare the historical news releases and set your price box imaginelly you will see that around more than 80% the box were missed. i did not compare all releases but the most i saw the conditions met.

why the missbox?

you know if news releases the price will move in any direction, but you don't know at which direction.

i'm right? but if you know in which direction the price after release goes then you do not need a pricebox.

important is the movement. this is why we choose high impact news.

what you also could do is to set a higher piprange and or timerange of the box. the more you set the more you will get, but the possibility that the box will hit is higher.

at the non-farm-payroll news every first friday of month you could easily set a 20-30 pip range and 10-15 minute range. this will gain more then 300% profit. but be sure what you do.

do i forget something?

ah yes, after 20 minutes you will see what happend. a green box is good a red box is bad.

money management is your own decision. i have mine and this is not calculated good until now

maybe you have some advice?

thanks



PriNova