What time does the signal come out?We sent out an email with trade setup at 23:00 GMT. This setup is valid for next 23 hours. Most days the trade is activated within couple of hours of sending out the signal. If you want to find out what is your local time at 23:00 GMT please use any of the links below to work it out.http://www.timezoneconverter.com/cgi-bin/tzc.tzc

http://wwp.greenwichmeantime.com/

 

How many times a day do you send signals?

We send out signal only once a day. If there is a valid re-entry then you might get another email, it is very rare for the second email to go out.

How do I calculate my Position Size ?

Visit www.forexcalc.com this is a free tool, which help you to calculate position size based on your risk capital, stop loss and current price.

Which pairs are traded based on your signal?

GBPJPY the only pair we trade currently. It is the most profitable pair for our system with winning percentage above 80%.

EURJPY and AUDUSD are also profitable using our system and currenly we are looking at EURUSD and GBPUSD for London open using the same system rules.

Do you send SMS?

Not currently, but if there is a demand from our members we might look at introducing it in the future.

How do I move my stop loss after TP1 hits without sitting in front of the computer?

There are trade manager available for free in few forums or you can use a commercial one like http://www.forexexecutorpro.com/fep.htm

Example of trade signal ?

Currency Pair Directon Entry Price Stop Loss First Target Second Target Third Target
GBPJPY Buy Stop 148.8 148.4 149 149.18 149.57

Based on above setup open 3 positions

1st position – Entry at 148.80, Stop Loss at 148.40 Profit Target – 149.00

2nd position – Entry at 148.80, Stop Loss at 148.40 Profit Target – 149.18

3rd  position – Entry at 148.80, Stop Loss at 148.40 Profit Target – 149.57

Once the price reachs 149.18 1st position will be closed, then move stop loss for remaining position to break even.  This will make the remaining opened position risk free trades.

What is the strategy behind trade signals?

My trading is a hybrid of straddle and trend following that’s why my trades are in one direction only, and I used calculation of ATR/ADX to get my stoploss and profit targets.

Can you sell your system?

For the right price. Send us an email at info@dailyforextrades.com