How to make the entry and the exit decision ?

i am using the file called FF Tunnel Chart.mq4

In the screenshot attached...a warning is issued on the top right hand corner.. "trade only if price is > 1.8972 or < 1.8875"

How should i interpret this ?

I am new to using this Vegas system. Please help.

Ah yes, when you see this "OK to trade" written at that place, than you can trade.
As long as you see "trade only ... " stay out of the market, that is a filter which is trying to protect you from whipsaws.

branac

"trade only if price is > 1.8972 or < 1.8875"

this means long or short when greater than 1.8972

and whether to go long or short when lesser than 1.8875


Can you please tell me exactly how does the entry and exit into the market work ?

That’s 50 pip rule described in Vegas documents. You can read about it here: http://www.forexfactory.com/forexfor...ead.php?t=3422 post #12

Hi,

The best for me put entry and exit use monthly pivot, weekly pivot and vegas tunnel.


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Regards,
Sinar FX

Hi, i am a newbie so sorry if the question sound so petty.
I like to know more about Vegas. I reckon its a program that you purchase and open everytime when you trade. Any positive signals would trigger you to trade.
How much does it cost and where to purchase ?
BTW, anyone knows the best yet affordable alert signals program around. I have came across a few but must decide on the best one.
Is Desktop FX any good ? It looks so hi tech.
Ok hope to hear from you all.

Which type of trade is determined by the weekly trend and the position of price relative to the purple MA.
If weekly trend is UP (see message at top of your image) you should only consider BUY (Long) trades. If the weekly trend is DOWN you should only consider SELL (Short) trades.
The warning is to keep you out of ranging conditions, so if you were thinking LONG, as the weekly trend is UP, you would wait until price fell to 1.8875 and look at trading then. In this case it would be close to an "A" trade so you might place a full trade (whatever that is for you, say 3 lots).
Or if price didn't drop to 1.8875, you would wait until price reached 1.8972 and look at trading then.
As price would be above the purple line it is a riskier trade so you would treat it as a "B" trade and only go in with 1 lot if you felt the trade still looked good.
Hope this helps
Peter