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Minyu2Fx

Sunday, December 16, 2007

You might want to know..

It just came to my attention that you might use the signals for your own trading. Not that I'm complaining, but this blog is just my trading journal. And if you do use the signals, these are some things that you need to know :

1. First of all, the signals are based on the break-out eagle indicator for metatrader 4. You can download at http://www.daily-pips.blogspot.com/. It's free.

2. The stop buy/sell, TP, and SL prices are Marketiva price because I trade in Marketiva. If you are using other broker then adjust it first with the price shown on your platform.

3. Stop loss prices are the opposite signal. For example, if a stop buy got hit, then the SL is the stop sell price + spread.

4. Take profits are 75 pips. I do not use any indicator so basically you can set your own target. As you may notice that I usually close my positions before it hit the TP. It doesn't matter because my target is 30 pips daily.

That's all. Good luck to all traders and trade on your own risk:)

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