The basic trade signals are output as a couple of orders BuyStop and SellStop from 06:45 GMT to 07:15 GMT. Each order has levels StopLoss (SL) and TakeProfit (TP). We usually point out two TP levels – you may work with them at your convenience, for instance, on reaching the first level you may close half of the trade and change SL to the open level. Depending on the rate of breaking the first TP level you may also leave the whole stock in operation if the level has been quickly overcome. Or you may use the trailing stop. Lost orders should be deleted at 19:00 (GMT) or before, if it has been reported. If the order operated in one direction, the opposite one should be left till further recommendations.
We recommend trading not more than 5 % of the deposit
These signals represent the basis of our trade. They have the following pattern:
| 2008-11-17 07:51:32 (GMT) | #2 GBPUSD buy stop at 1.4810, set TP at 1.4860, set TP2 at 1.4950, SL at 1.4720 |
| 2008-11-17 07:45:54 (GMT) | #1 GBPUSD sell stop at 1.4640, set TP at 1.4585, set TP2 at 1.4465, SL at 1.4720 |
As the TP levels are reached the notification of complete or partial closing at the level:
| 2008-11-17 09:34:47 (GMT) | #1 GBPUSD close, profit 130 (TP2) points |
| 2008-11-17 09:03:33 (GMT) | #1 GBPUSD close, profit 50 (TP1) points |
In case there is a close signal, but several points are left to the intended level, we recommend you to close with the lot you have intended to close at this level at a current price.
If such a signal came we recommend close all at the current price:
| 2008-11-17 09:34:47 (GMT) | #1 GBPUSD close, profit 110 points |
Extra signals (both market and pending) are output in the course of the day till 19:00 (GMT). They look in the following way (mark #1 or #2 is missing before symbol GBPUSD):
| 2008-11-17 07:51:32 (GMT) | GBPUSD close, profit 40 points |
| 2008-11-17 07:45:54 (GMT) | GBPUSD sell at 1.4782, set TP at 1.4730, set TP2 at 1.4650, SL at 1.4810 |
Extra signals may be output at different time depending on the market condition or fail to be output.
The price may fail to reach the TP levels at the rate of several points — you should keep it in mind if you can not provide constant review of the schedule. You should also take into account the spread of your Broker.
