Market Order
Long/Short currency X currency Y
Stop Loss
This order is used to minimize losses if the security price has started to move in an unprofitable direction. If the security price reaches this level, the position will be closed automatically. Such orders are always connected to an open position or a pending order. The brokerage company can place them only together with a market or a pending order. Terminal checks long positions with BID price for meeting of this order provisions, and it does with ASK price for short positions.
NSL
New stop loss rate
Take Profit
Take Profit order is intended for gaining the profit when the security price has reached a certain level. Execution of this order results in closing of the position. It is always connected to an open position or a pending order. The order can be requested only together with a market or a pending order. Terminal checks long positions with BID price for meeting of this order provisions, and it does with ASK price for short positions.
TP1
First take profit point. When the rate gets to TP1, you can close the position or close half of the position and change SL to NSL. If your trading platform doesn't allow closing half of the position, then open two identical positions and close one of them when you reach TP1.
TP2
Second take profit point
Close Now at X
For example:
Technical signal Long EURUSD 1.3820 SL 1.3750 TP1 1.3920 TP2 1.3990
Later on you might receive an update:
EURUSD NSL 1.3800 (change SL)
EURUSD New TP2 1.4080 (change TP2)
EURUSD Close at 1.3860 (close the position)
Pending Order
This type of signal is used to open a trade position when the quote will reach a certain level.
After the Signal limit has triggered put the stop loss and take profit rates.
Number of Signals
Based on our experience, the number of signals varies from 8 to
Timing
The forex signals are usually sent after 9:00 am (GMT). The majority of signals are sent in the late afternoon (upon trade opening in the
Margin of safety
We take into consideration the margins of buy and sell rates acceptable in the market, but since there are differences between brokers, we recommend adding 5 pips as a safety margin.
Results
The results of our trading signals are published on the Performance page.
Trade results may depending on broker used and broker fills.
It could be difference between Automatic Execution and the the signals aletrs.
Past results not indicative of futures results.