From you picture I see one thing Wrong: You traded before 6AM GMT
And that's not recommended
Order is market one, you enter at that moment instantly. You always must take the spread into consideration. I would suggest to put 10 pips profit minus spread and that's a sure thing. If you have 4-5 spread (bad broker) you must place your Profit Limit at 5 pips away from entry level.
Quote:
Originally Posted by blik2
Hi,
I'm new to this thread, but when I saw NBoP and the accuracy by back testing it last week, I said to myself I have to give it a shot. So today (by the way I'm from Malaysia), when I saw the signal in the USDJPY,I took a trade in a demo account but the trade does not go my way. Here I attached the shot from the trade. Can you give an opinion of what really happen because I want to know whether it is my mistake in interprating the signal?
I also want to know what type of order for nbop, market or entry order cos the condition for entry like u said is the closed of the candle, so do the trade is taken immediately after a candle is closed? for example for a buy setup, do I need to add the spread to the closing price of the signal candle?
Hope anyone can give me a light on this.
Thanks.
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