Sunday, 05 Sep 2010
 
 
Pipskiller FAQs

 

What is "Forex signals"?

A signal Forex is an exact indication of the price of buy/sell on currency pair and the recommendation on opening of an order - Stop-Loss and Take-Profit in the Forex market. Usually signals of trading systems are sent in real time.

What are our signals like?

Let's see, what a usual trading signal. You see the type of the signal, for example it can be "opening a new position on a current market price" or "creation of the pending order". Signal will be given on either range level or exact entry level with take-profit and stop-loss parameters. That gives full information about the parameters of the signal and possible results of its execution.

Example of a Forex signal you get:

Type: New Signal intraday

Currency: GBP/USD

BUY 15370 TP1. 15460 TP2. 15520 SL. 15290

SELL 15216 TP1. 15183 TP2. 15143 SL. 15290

 

We had 2 type of swing strategy, with proper money management.

1. Range Swing setup.

2. Swing Rally point.

Range Swing Setup - We will give you range to trade as we predict range that market reversal will happen with SL and TP level. Entry is open issue as long SL is not trigger. Normally this strategy will be close monitored by trader if any CS reversal occurs. In addition our observer will alert if any CS reversal to enter the trade.

Swing Rally Point - The trading plan requires you to buy in total 3 positions for a rally. And you buy them gradually. What I mean is you buy the first target and you place order for the 2nd one and so on up to target 3 (If trend permit). This way you are always in profit before you buy your next target. Same goes with sell, as rules still same.

Let`s see example of the chart swing trading.

Its mean you have time to make trading plan based on your money management. As you can see the currently the price at 109 area, the description will tell us where to add another short and the possible target.

 

What time do you send Forex Signals?

Intraday signal will give you during London opening market, sometime still have potential make profit will give you during Asian and us session opening market.

 

What Forex Pairs you trade?

We trade 22 pairs trade, but we only just give potential trading most profitable.

 

How can I follow your Forex Signals?

You can follow trade signal on my website or on my Skype in a group.

 

How many Forex Signals are generated every week?

On average 15-20 Signals. It largely depends on Price Action, hence would vary from week to week.

 

What sort of return can I expect from these Forex Signals?

I would refrain from giving you an exact number. But I can tell you that I’ve been making a living from them for few years now.

 

How do I manage open orders?

Once the orders are filled, we then wait for them to either reach Stop Loss or first Profit Target. If the first Profit Target is reached then we move the Stop Loss to half its size. When the second Profit Target is reached we move the Stop Loss to Break Even. At third Profit Target we exit last position and wait for new signal. At times we may move Stop Loss due to change in Price Action, in such cases I’ll send update accordingly.

 

What Forex Broker(s) do you recommend?

Any broker you can use it.

 

My Forex Broker didn’t fill me up, but your update says otherwise, how come?

In Forex market, rates vary from broker to broker. Some broker has higher spreads which also makes difference. Most ECN brokers usually have better spreads and more accurate rates. For record keeping purposes I’ll consider a 2-3 pips buffer at Profit Targets and Stop Loss.

 

What if I’ve more questions?

Feel free to post them either on website or my Skype. Your questions have already helped me create this FAQ page.