How to Calculate Lot size?
To do that you should adjust position size (Lot size), use online lot size calculator, it will help you much.
How to close half order and why?
We offer for any order when running in your direction 20 – 40 pips (according to market volatility), close half order and move SL (stop loss) to breakeven (entry point) to lock profits.
Why we offer 3 levels TP and how to use for maximum profit?
For partial close, exit from market gradually, to take maximum profits.
How to use 3 levels TP for maximum profit?
You could choose between many strategies for order management:
We have only one sold rule, after 20-40 pips close part or half of your order and move SL to breakeven (entry point).
After you close half order, let’s say after 30 pips, then close the second half on TP1, and go out of market.
After close half order, you could close second half on TP2 or TP3.
If your account let you trade by 0.03 Lot, you could close every 0.01 on every TP level.
If you notice that market is highly volatile and price pass 3 TP levels easy, you could let your profits fly after you already booked some profits.
Conclusion: in Forex Market you can’t take everything, choose your strategy and follow, all depends on your risk appetite.
For us as a signal providers, lose only when order hit SL, any signal pass +20 pips it’s successful.
What difference between the Free channel and VIP channel?
On the VIP channel we gives 3-7 signals daily. The quantity of paid signals depends on activity of a market.
The free channel is a perfect place to test our signals and to understand on how many they are effective.
On the VIP the channel you can earn a maximum of money.
Why you lose money when signals profitable?
Reason: You do not use risk management for any order use 1% or 1.5% maximum from your account
Solution: Modify your lot size. https://www.babypips.com/tools/position-size-calculator
If your account is 1000 $ * 1% = 10 $. If SL hitted you will not lose more than 10$, whatever SL 50 pips or 100 pips, your loss can’t be more than 10$.
Reason: You open 2-3 duplicate orders.
Solution: Open only one order and modify the order. When opening several orders on one position you multiply the risks. Never duplicate orders!
Reason: You do not close a half order and move SL to break even. You don’t lock your profit.
Solution: For any order when running in your direction 20 – 40 pips (according to market volatility), close half order and move SL to breakeven to lock profits.