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LONG/SHORT (Currency X) LONG/SHORT (Currency Y)
The purpose of this order is to minimize losses in the case that the security price has taken an unprofitable turn. As soon as the security price reaches the stop-loss level, the position is automatically closed. Such orders can be enabled only with an open position or a pending order. The terminal checks long positions with the BID price and short positions with the ASK price.
New Stop Loss rate
The Take Profit order serves to close a profiting trade and recuperate the profit when the price of the security has reached a certain level. This order can be enabled only with an open position or a pending order. Upon execution of this order, the position will be closed. The terminal checks long positions with the BID price and short positions with the ASK price.
Take Profit 1
This is the first Take Profit point. When the price reaches Take Profit 1, you can either close the position or close half the position, and change Stop Loss to New Stop Loss. If you are unable to close half the position with your trading platform, you can open two identical positions and close one of them when it reaches Take Profit 1.
Take Profit 2
Second Take Profit point.
Close Now at (x)
The following example illustrates this feature:
Technical signal LONG EURUSD 1.3820 SL 1.3750 TP1 1.3920 TP2 1.3990
You may later on receive the following update:
EURUSD NSL 1.3800 (change SL)
EURUSD New TP2 1.4080 (change TP2)
EURUSD Close at 1.3860 (close the position)
This type of signal is an instruction to open a position when the current price reaches the order level. Once the signal limit has been triggered, Stop Loss and Take Profit rates are to be determined.
Number of signals
In our experience, the number of signals ranges between 8 to12 signals a month on average. Nonetheless, this can vary from month to month, with either more or less forex trading signals.
Forex signals are generally sent shortly after 9:00 a.m. (GMT). Most signals are sent upon trade opening in the U.S. Trading signals are not usually sent after 9:00 p.m. (GMT).
Margin of Safety
We take into account acceptable buy-and-sell rate margins, but considering the differences from one broker to the next, we strongly suggest adding 5 pips as a safety margin.
Our trading signal results are published on our Performance page.
The results may vary according to the broker you use.
There can also be a difference between Automatic execution and signal alerts.
Past performance is no indication of future performance.