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Old 11-15-2008, 04:18 PM
uafx uafx is offline
 

Join Date: Nov 2008
Posts: 1
Default Entry points?

Hi Pipchaser,

thanks for your system, I will try it, but 2 things not clear for me (I am new to forex, so forgive me for the probably lame questions):

1. What is the entry price you enter a trade? Is it just a market order somewhen a little after midnight, if you have the signal? Or how do you calculate your entry price?

2. About SL and TP levels... as I see your attached statements you used mainly an 1:1 risk-reward ratio. But for example on USDCHF in your posted statements you used a SL/TP level somewhere between 100-200 pips, but for example for the next monday my maximum stoploss value for long is 65.

Thanks for your answers:
Andras
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