Hey guys, I am a beginner in forex and I recently finished going through babypips training program, as well as every single post in this thread.
Thank you Evaluator for the awesome looking system as I have been learning a lot just from reading the post in this thread. Also would like to thank lhDT for creating such user and newbie friendly indicator that makes it so easy for someone like me to understand the rules and what is actually happening instead of just following rules because they are rules. And lastly everyone who have contributed to this thread.
I am going to demo this for at least a month or two and if I can show consistent profit I will start with a small account.
Some question I have for anyone who might know, I see that in page one the exit rules is different to the SL and TP caculated in the Symphonie trading signals 1.7. How are they different? Should I follow the 50pip emergency SL and monitor the movement and close manually if it's against us? Also comparing exit strategy #2 and #4 which is more newbie friendly? If I am going for the signal to signal, what should I look out for to close when things aren't right? Do I watch for opposite extreme and close after that bar closes? Or do I simply wait for the next signal? What would be a worst case scenario when using signal to signal.
In terms of repaint, if I get a signal with all 4 indicator aligning and right after I made my entry extreme repaints to opposite colour, what should I do at this point? Wait and see if it get back to alignment? or Immediately close the trade at the loss of the spread.
Since I am in Australia my main session time would be the Asia session, how would we adjust to that and how would the system do during off hours?
Thank you so much for your time and thanks everyone who contributed to this thread.
Thank you Evaluator for the awesome looking system as I have been learning a lot just from reading the post in this thread. Also would like to thank lhDT for creating such user and newbie friendly indicator that makes it so easy for someone like me to understand the rules and what is actually happening instead of just following rules because they are rules. And lastly everyone who have contributed to this thread.
I am going to demo this for at least a month or two and if I can show consistent profit I will start with a small account.
Some question I have for anyone who might know, I see that in page one the exit rules is different to the SL and TP caculated in the Symphonie trading signals 1.7. How are they different? Should I follow the 50pip emergency SL and monitor the movement and close manually if it's against us? Also comparing exit strategy #2 and #4 which is more newbie friendly? If I am going for the signal to signal, what should I look out for to close when things aren't right? Do I watch for opposite extreme and close after that bar closes? Or do I simply wait for the next signal? What would be a worst case scenario when using signal to signal.
In terms of repaint, if I get a signal with all 4 indicator aligning and right after I made my entry extreme repaints to opposite colour, what should I do at this point? Wait and see if it get back to alignment? or Immediately close the trade at the loss of the spread.
Since I am in Australia my main session time would be the Asia session, how would we adjust to that and how would the system do during off hours?
Thank you so much for your time and thanks everyone who contributed to this thread.
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