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The less red vs green means the better the risk to reward. Now that we know that there is a stop loss level in place, that helps us know how much of our account to risk based on this stop loss level. Not all forex trading signals are equal. Some may be premium forex signals and some could just meet the bare minimum requirements to constitute a trading signal. To be able to accurately categorize this, we have split our forex signals into 1 — 5 star signals.
This lets you know how accurate the forex signals are and their quality hence their likelihood of hitting the profit target. Some forex signals are really good they meet 5 out of 5 requirements but some might just meet the bare basic requirements eg.
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Depending on this, the EA will adjust their quality. How this is decided is purely based on the quality of the signal. The better a signal is — the more we should allocate to it, right? Usually, this is how it looks like when it comes to determining the risk allocation for trading signals.
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Now that we know how much we wish to risk on a particular trade based on the stop loss level, the next thing we need to do is determine where our take profit target it. An important thing to take note of when setting your take profit target is to know what your risk to reward is. We our softwares uses Vantage FX to generate all ideas so if you want to get the best peformance, it is recommended you use Vantage FX.
We have many scalping trades tight stop loss and tight take profit so an ECN account is recommended. The next thing you have to do is to enable your MT4 to allow expert advisors. Ensure that it is green and not red by clicking on it. To unlock star signals and capability to autotrade, you will need to get the Full Version. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.
These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. Skip to content. I follow signals directly I do my own analysis on the signal.
Technical Analysis Fundamental Analysis Both. You understand that you have full control over your personal information and at any point in time if you wish for us to remove your information please send us an email requesting so and we will do the needful in a timely manner. What makes a good forex signal? A take profit target What is a decent risk to reward ratio What is our trading signal hit rate and risk to reward ratio?
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Be flexible to changes in the market Proper analysis to back it up versus plucking random numbers from the air. What is our forex signal hit rate and risk to reward ratio? Our strategy, mainly covers scalping and day trading strategies. Average length of each trade : from 1 hour scalping setups to 15 hours day trading setups. Automated Forex Signals. In this picture, we can see the auto trading functionality it has.
How to Access the Trading Signals
Customize the asset classes as you wish. You can select and unselect which asset classes of signals you would like to view. Customize the asset classes you would like to see. For now, we only have Forex.
Customize the quality of signals as you wish. Every forex signal has a quality rating attached to it. From stars. We allow you to customize the quality of signals you wish to autotrade based on a star ranking system. You are able to pick stars with 5 stars being the highest quality signals you can find. Easily filter the quality of signals you are viewing. Customize the risk allocation for each forex signal you wish to autotrade.
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