F.A.Q
Q - What kind of service do You provide?
A - We provide trading advice [signals] for those who want to trade the Forex market. Our style of trading falls into the "day trading" category, meaning our trades are usually held for seconds/minutes/hours, rarely holding position over night.
Q - Is this service free of charge?
A - Yes and No. Signals are published on this blog and sent via email/Instant Messenger at the same time. If you wish to receive the signals via email and Instant Messenger, You will have to pay a small $ 20 (twenty U.S. dollars) monthly fee. Click here to learn more.
Q - How do I receive the signals?
A - You will receive the signals on your email inbox and also via Instant Messenger if you decide to pay our $ 20 (twenty dollars) monthly fee, Click here to learn more.
Otherwise, you can visit this blog as often as you wish and check for any new signals published (The signals are posted on this blog and sent via email at the same time).
Q - How many pairs do You work with?
A - At the time, we provide signals for EURUSD only.
Q - When do you send the signals? ¿How does it work?
A - Signals are not sent at a fixed time every day, however, You should expect to receive most signals during the first half of London session (08:00-12:00 GMT).
Q - How does a typical signal looks like?
A - A typical signal will look like this:
Ticket 000034
EURUSD short @ 1.5560 SL 1.5580
The ticket number is a code to keep track of each signal, EURUSD short 1.5560 means you have to place a limit order to go short on EURUSD when and if price touches 1.5560, while SL 1.5580 means that you should place the stop loss at 1.5580
Usually, there is no TP (Take Profit). If a trade moves into positive territory we manually trail the Stop Loss in order to lock profits (You will receive updates indicating when and where to move your Stop Loss)
Also, there will be update messages indicating you to manually close a previous trade, cancell pending orders or modyfing a stop loss.
The title of those Signals indicating you to place a new order will look like:
Ticket 000034
The title of an update for a previously issued signal will look like this:
Ticket 000034 [Update]
This Kind of update indicates you to move your Stop Loss to another level.
Once a trade is closed or cancelled (for any reason), You will see a final post with a title like this:
Ticket 000034 [Final Update]
This can mean that our Stop Loss was hit, that we are manually closing the trade, or we are cancelling a pending ticket that was never executed. Please note that if a trade is closed because our Stop Loss was hit (resulting in a loss if the original stop loss has not been moved, or resulting in a profit if the original stop loss has been moved in order to lock profits) the "Final Update" message might not necessarily be published right after the trade is closed as it makes no difference anyway.
Don't forget this!!!:
All orders for entering the market are always "limit orders" unless specific instructions to enter with a "market order" are given.
All inidcations for modifying a stop loss, closing a trade or canceling a pending ticket are actions that must be performed "immediately" unless specific instructions to perform these actions at certain point in the future [at a future price or a future time] are given.
Q - How can I check the performance of your signals?
A - Go to the performance section and You will find all the results for the signals published on this blog. This section will be updated on weekends.
note: there is no past/Hypotetical/backtesting performance, all published results are from signals posted in real time.
Q - Is there a free trial available for new members?
A - No, because is not necessary. Signals are posted on this site at the same time they are sent via email/Instant Messenger to those who are subscribed to our mailing list. The advantage of being subscribed to our mailing list is that you can receive the signals via email, but the signals are also posted simultaneously on this site.
Since You are able to see the signal published on this site in real time, there is no need for a "free trial".
Q - Will I be able to emulate the performance published on this site?
A - It is very important for You to understand that this is not a set & forget strategy where all You have to do is check your charts once a day for 15 minutes. We are "day traders", our signals are very [sometimes extremely] short term and You will need to be online for 4 hours everyday (first 4 hours of the London session) if You want to emulate our results. If You don't have the time to be on your computer during those 4 hours, then this is not for You.
You also need to consider that we are trading Oanda which provides fast execution and which spreads for EURUSD are usually between 0.9 and 2 pips during London session, therefore You are advised to trade with a broker that offers similar trading conditions to Oanda's.
