TIPS
Important Guidelines
Please read them all
Important Guidelines Please read them all
1. Never enter a trade at the extreme ends of the bars (the colored limits marked by you shown on the chart).
If the market reverses, you could become trapped in that position, and it might take many days for the price to return to that level if it returns at all.
2. To increase profits, do not extend the duration of your trades. It is better to increase the lot size (for example, from 0.01 to 0.05). Once you have found a timeframe that works well for you, changing it could increase the risk of losses.
3. When you first turn on your computer, do not enter any trades immediately, regardless of what you see. Take time to observe the algorithms on the charts across different timeframes before making a decision. Acting too quickly can easily lead to impulsive mistakes.
4. The program may display a BUY or SELL signal accompanied by an audio alert. This is only a notification to draw your attention, not an automatic instruction to enter a trade. After reviewing the conditions across the different imeframes, the final decision is yours.
5. When the market is flat, with only small fluctuations, the program is not effective. In those situations, do not open any trades.
6. In currency pairs: when USD/JPY rises, EUR/USD and AUD/USD typically move downward. However, if this relationship does not occur for example if all pairs are rising or falling at the same time do not enter the market. This may indicate unusual or unpredictable market conditions.
7. The objective is to trade profitably, not to feel obligated to open trades. If market conditions are unclear, it is better to wait for another opportunity. There will always be days when the market or your own judgment is not at its best.
8. TRADING HOURS (Europe)
From 8:00 to 9:00, the market behaves one way.
From 9:00 to 10:00, it behaves differently.
From 10:00 onward, the market tends to stabilize until around 13:30.
It is often better to take a break at that point — have lunch, go to the gym, or step away until around 15:30.
At 15:30, market conditions change again. There are usually sharp movements for about 10 minutes, after which things tend to settle down and trading can continue.
Around 20:00, conditions may change again and remain somewhat volatile until about 22:00.
After 22:00, it is generally better not to trade, as the market tends to become much more unstable.
After midnight, apart from the first 10 minutes, the only market that tends to remain relatively stable is gold, until about 1:00 a.m.
9. Stop Loss placement
Stop Loss orders should always be placed below the algorithm line. If they are placed above it, they are more likely to be triggered prematurely.
Before closing a trade that is already in profit, it is often better to place a Stop Loss slightly below the current price level (even if it is close). In many cases, if the candle continues moving in the same direction, this allows the profit to increase.
The Stop Loss should then be adjusted gradually, following the movement of the candle as the trade continues in yourfavor.
10. Economic calendar
Before you begin trading, check the economic calendar.
Any event marked with three red indicators can have a strong influence on market movements. It is generally better not to have open positions during those moments.
11. Important:
Economic calendar websites often display times based on the country where the site is hosted or in UTC time.
