How much will I pay for my membership?
As stated on our payment page, for $4.95 you will get a 3-days trial membership and use our strategies without any limitations. In this time you can make a lot of money simply by following the signals. After 3 calendar days of the trial memberhsip, the future cost will be $99.90/month.
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I want to change my payment info. How can I update my credit card information?
To update your credit card please follow the steps below:
Go to the URL: http://www.clickbank.com/updateCCEmail.htm?path=rbe&locale=EN
Enter your order number and email address
Update your billing information and click "Update Information."
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How to relinquish membership?
You singed here to make money -- we strongly recommend not to give up! Forex Automoney is the real chance to change your financial life.As the membership cancellation is the ultimate step, we strongly recommend to contact our support to resolve your problem first.You can contact our support here.Members wanting to give up and lose their ultimate chance to earn money automatically, can cancel their membership using fully automatic procedure described on the Terms of Use page.Please remember, that after canceling your membership you will not be able to login anymore, so it's best to decide just before the membership expiry date. But once again - we do recommend to contact our support.
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Platform
What is "volume" or "units" parameter when entering the trade in the platform?
"Volume" or "Units" is the amount of currency you want to buy or sell. For example if you want to buy EUR/USD, the "Volume" tells your platform about how much EUR you want to buy. If you enter 1000, this means that you wan to buy 1000 EUR.Another example: if you want to sell CHF/JPY, the "Volume" (or "Units") parameter explains how much CHF you want to sell. If you enter 100 - that means that you want to sell 100 CHF.There are various notations. Sometimes is asks you to enter the number of "lots" like 0.01 or 2.00One lot is 100,000 USDSo if you enter 0.01 that means that you want to trade with 0.01 lot which is 1000 USD. If you are trading with 1:100 leverage - you will invest 10 USD in this trade.If you are entering 0.02 lot with 1:50 leverage you will invest 100,000*0.02/50 = 40 USD
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How can I see how much I earn?
You can check this using your trading platform. If you are not sure how to use it, please refer to the platforms' manual or contact your broker about it.
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Why I'm getting "Invalid TP/SL" error?
"Invalid TP / SL" message is generated when you entered bad Stop Loss or/and Take Profit values. Even if you used the calculator, you could made an error.
The most common error is entering the bad BID/ASK value in the calculator.
Make use your entered correct BID or ASK price - BID when you SELL and ASK when you BUY
Make sure you entered this value for the proper pair value
Make sure you took the current price from your platform, not from 'Real Time Quotes' listing in the right column
The calculation process should be fast. If, in the meantime the base price will change too much - you will get this error.Example:You are trying to BUY and the ASK price is 1.00You used the calculator and it shows TP=1.1 and SL=0.8Then you are entering those values into the trading window, but now the base price is 1.2You will get error, because you are trying to enter Take Profit (1.1) lower than actual base ASK price (1.2), which had changed in the meantime.So you have to make sure, if "Take Profit" and "Stop Loss" values are far enough from the actual BID or ASK price. Especially in the Intraday Strategy, Take Profit values are set very close to the base price (lie 10 pips), so you have to be fast when entering the trade or when you get this error, just move Take Profit and Stop Loss several pips more.
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Why I'm getting "Trade is disabled" error?
Trades cannot be placed outside trading hours as no prices are available to tarde against in MetaTrader. For example, if you try to place a trade between Friday 23:01 CET and Sunday 23:59 CET you will get the "Trade is disabled" message.
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Should I look at the charts?
You don't have to look at them. All you have to do is to enter the trade parameters.
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How to close the trade?
Closing the trade means performing the opposite one. For example if you buy 0.01 lot of USD/CHF (ot you buy 100 USD for example), to close this trade you have to sell the same amount of currency. So all you have to do is to enter the opposite trade with the same volume.
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After downloading a software I got an information, that the program"is not a valid win32 application".
Your browser just stopped downloading the file for some reason (i.e. slow speed). I would like to recommend you downloading and installing so-called "download accelerator".For example:http://redir.speedbit.com/redir.asp?ID=7019&filename=DAP85.exeThen, when you have it installed, download the file again using the download accelerator. It will help.
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I don't know how to use my platform
Please refer to the platforms' manual or contact your broker about it. Is this answer helpful for you and did it solve your problem?
Monday, March 22, 2010
Forex Automoney FAQ Session 2
How can I be sure I'm trading correctly?
Make sure you have the correct time zone set in Account Preferences.
Make sure you are entering trades EXACTLY when signals are generated (or nearby this time - but not i.e. 20 minutes later or 1 hour later)
Make sure you are using "get profit" and "stop loss" parameters. Without using them, the system is useless.
Make sure you're setting correct "get profit" and "stop loss" values:If you BUY:(Stop Loss Level) is the (ASK)-(Stop Loss value)(Take Profit Level) is the (ASK)+(Take Profit value)If you SELL:(Take Profit Level) is the (BID)-(Take Profit value)(Stop Loss Level) is the (BID)+(Stop Loss value)The interpretation is pretty easy:If the price exceeds bounds the trade will stop.If you "buy" and price go down, means things go wrong way, so you should have "lower limit" (ASK-stop loss), but if it's good and price goes up you can take profit by going up the higher bound (ASK+take profit).When you sell - the situation is opposite - it's good when price goes down and it's bad if price goes up.
Make sure you do not MIX the strategies - if you're trading daily, you do not look at weekly and daily ones in the same trades.DO NOT USE MORE THAN ONE STRATEGY with one brokerage account.in other words:ALWAYS USE ONLY ONE STRATEGY with your brokerage account.Usually it's not possible to trade with more than one strategy with one brokerage account.A simple example:
In the Daily Strategy you BUY 10 units of eur/usd at 8:00 AM
Then, you're reading the Intraday Strategy at 10:00 AM and it tells you to SELL EUR/USD.You decide to SELL 10 units of EUR/USD.
but then, in fact you closed the previous position!You had 10 items and you just sold them. You mixed strategies.So either use only one strategy or open 3 separate accounts - each one for one strategy.
Make sure you quit trades properly.Trades will be closed automatically either when "stop loss" or "take profit" levels are reached or your should close them manually if the next signal is generated and it has the opposite direction (for example was "BUY" 4 hours ago in the Intraday strategy and now, after 4 hours the next Intraday signal for this pair is "SELL").If it's the same type of order (i.e. was "BUY" and the next signal is "BUY" as well) - you should keep the position opened and modify the trade by entering the new "stop loss" and "take profit" values basing on the current price.
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Signals are wrong! Currencies go opposite direction!
Make sure you are using correct "Take Profit" values! And make sure you ARE using them. They will "catch" your profit and they will give you money even if prices generally go opposite direction. YOU MUST NOT use only "BUY" or "SELL" signals. You MUST also set "Take Profit" and "Stop Loss" values. If you broker do not support them - change your broker.Please see how it works:Let's say you have a "BUY" signal. Even if the price is falling down, it's not happening immediately. Almost everyime, in the meantime it's going up a little bit and you have to "catch" the profit then. Of course it will happen automatically if you set the "Take Profit" value:And of course the same about "SELL" signal:
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What are the most common trading mistakes?
Setting wrong time zone.Please refer to the "Signals Timing & Time Zone" section above for details.
Using more than once strategy.Please refer to the question above: "How can I be sure I'm trading correctly?"
Using "BUY" or "SELL" signals without using "Take Profit" and "Stop Loss" levels.Please refer to the question above: "Signals are wrong! Currencies go opposite direction!"
Entering trades 20 minutes, 50 minutes or 2 hours after signals were generated.You have to enter them on time.
Entering bad Take Profit and Stop Loss values.Please refer to the "Why I'm getting 'Invalid TP/SL' error?" question in the "Platform" section below.
Using red and green arrows from the left "Real Time Quotes" column as buy/sell indicators.They are not buy or sell signals! They only inform how the price changed in the last 30 seconds
Omitting trades.If your next Intraday signal will be generated on 10:00 PM and you will not be able to check it, DO NOT enter previous trade at 6:00PM. Trades are not closeing automatically every time, and you may have to close it manually. If you are not online when the next signal is generated it may reach Stop Loss later, even if it's in profit on the time!
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Which currency pairs should I trade? Which pairs are the best ones?
There are no "better" pairs, however most frequently traded ones are: EUR/USD, USD/CHF, USD/JPY and GBP/USD.
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Is there a time limit to enter the trade after displaying the signal?
There's no time limit, however you should enter the trade exactly when the signal is generated (of course several seconds or few minutes usually do not matter). That's why, in the Account Settings tab, you can set when to generate signals - to choose the best time for you.
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What currency pairs should I trade?
All of them are good ones. The most popular ones are EUR/USD, USD/CHF, USD/GBP and USD/JPY.
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What are the best Forex trading hours?
There are no 'better' timings. Forex market is open 24/day, so every time is good one.
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When should I quit the trade?
The trade will automatically be closed when the "stop loss" or "take profit" levels are reached or you should close it manually if the next signal is generated and it has the opposite direction. If it's the same type of order - you should keep the position opened and modify the trade by entering the new "stop loss" and "take profit" values basing on the current price.
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When I'm buying XXX/YYY - am I buying XXX and selling YYY?
Yes.For example when you buy EUR/USD - you buy EUR and sell USD. Or when you are selling AUD/JPY you are selling AUD and buying JPY.
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Which strategy do you recommend?
There is no recommended strategy.The Intraday Strategy is the most risky one, but also should give the best profit in the long term.The Daily Strategy has an average risk and should give the medium profit in the long term.The Weekly Strategy has the lowest risk factor and will probably give the lowest profit in the long term.
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Can I change Intraday / Daily / Weekly signals every hour or so?
Of course technically you can, however it's not recommended.The system is not designed to work this way. If you read the Manual posted in Members Area you will see that after opening the trade can be either closed automatically by reaching the Stop Loss or Take Profit level or has to be manually closed when the next generated signal has the opposite direction (please see the Manual for details). If the next signal has the same direction, you should only change the Stop Loss and Take Profit levels to the newly generated ones.So, for example, if you're using the Daily Strategy and you have a trade opened, you must wait 24 hours to be sure it does not require manual closing or if you should change the Stop Loss and Take Profit to the new levels (when the next signal has the same direction as the previous one -- it's also described in the Manual). Even if the trade will close automatically after -- say -- 30 minutes, the system is designed to predict the next position after 24 hours (in case of the Daily Strategy) or 7 days (in case of the Weekly one). So if you change the timings of your signals -- you are upsetting the system and it will not work the way it should. Most likely you'll get bad results and lots of loses.
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I'm trading with leveraging. Can I lose more than I invested?
If you trade with $10 with 1:100 leverage, than in fact you're trading with $1000. If you lose everything - you owe $990 ($10 was yours already)."Trading on Margin" and "Trading with Leverage" are two ways to describe the same thing; the ability to trade a position larger than the amount of money in your account. Leverage is expressed as a ratio, for example 20:1 or 100:1. Margin is expressed as a percentage of position size, for example 5% or 1%, or in monetary terms, such as $50 or $2,000.But most brokers WILL NOT ALLOW YOU TO HAVE A DEBIT (so you don't have to worry). Let's say you're trading with $10 and leverage 1:100. Then - as already said - you're trading with $1000. Then the value of your investment will fall down by 1% ($10 which is yours is 1% of $1000 which you're trading with), your position will be automatically closed by broker. That means that in fact you cannot lose more than you have.
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What is the "Probability Weighted Risk to Reward Ratio"?
The "Risk-to-Reward" ratio is a concept widely used in technical analysis.For Forex this parameter is equal to the ratio of the absolute value of the Stop Loss level (risk) and the Take Profit level (gain). For example, if the Take Profit level is 30 pips and the Stop Loss is 10 pips, the Risk-to-Reward ratio is 10:30 = 1:3.A trade is considered good when the Risk-to-Reward ratio is at most 1:2 - the lower the ratio, the better.The reasoning behind this is as follows: if you risk 10 pips, then you should have a chance of gaining at least 20 pips. This way, even if the result of the trade is random, on average you will win twice as much as you lose.Such an interpretation does not correspond to the actual situation, unfortunately.This is because a deviation of +30 pips is not equally probable as a deviation of -10 pips. The standard model described above assumes equal probability of these two movements - statistically for every -10 movement there is one +30 movement - so the average outcome is +20.However, the equal probability assumption is NOT fulfilled in reality. Let's consider an exaggerated example: is the movement of +1 pip within the next minute as probable as a movement of +1000 pips? Of course not!A question arises: how does the probability of gaining/losing change with relation to their expected value?The answer is: it varies like 2-x+1, where x is the price deviation.This changes the result of the whole discussion substantially: a gain of 30 pips is 4 times less probable than a gain of 10 pips.So if one takes the probabilities into consideration, the model changes entirely: it is much more beneficial to set small Take Profit values and larger Stop Loss values (as opposed to the standard "Risk-to-Reward" model). This occurs because a small deviation is much more probable than a large one.Example:BUY EUR/USD, TP = +10, SL = -40;In this example we risk the loss of 40 pips, but we can only gain 10 pips. Can this be profitable? Yes, because the probability of reaching the Stop Loss value is 3 times smaller than the probability of reaching the Take Profit values. We may lose 40 pips and gain 10, but the probability of gaining is 3 times higher than losing.Following this example further, the classic "Risk-to-Reward" ratio equal in this example to 40/10 should be multiplied by 2-3, which is 1/8. As the outcome we get a new value - "Probability Weighted Risk to Reward Ratio". In this example it is equal to (40/10*1/8) = 1/2, which can be written as 1:2.00.The interpretation of this result is as follows: for each pip of loss there are 2 pips of gain connected with the same risk. In other words, it is equally probable that we will gain 2 pips as it is probable that we will lose 1 pip. So the gain is twice as high as loss while the same probability of loss and gain is retained.What should be the value of the "Probability Weighted Risk to Reward Ratio"?It is assumed that the classic "Risk-to-Reward" ratio should be equal at most to 1:2.0 (so "better" values than this are, for example, 1:2.5, 1:3.8, etc.).
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Make sure you have the correct time zone set in Account Preferences.
Make sure you are entering trades EXACTLY when signals are generated (or nearby this time - but not i.e. 20 minutes later or 1 hour later)
Make sure you are using "get profit" and "stop loss" parameters. Without using them, the system is useless.
Make sure you're setting correct "get profit" and "stop loss" values:If you BUY:(Stop Loss Level) is the (ASK)-(Stop Loss value)(Take Profit Level) is the (ASK)+(Take Profit value)If you SELL:(Take Profit Level) is the (BID)-(Take Profit value)(Stop Loss Level) is the (BID)+(Stop Loss value)The interpretation is pretty easy:If the price exceeds bounds the trade will stop.If you "buy" and price go down, means things go wrong way, so you should have "lower limit" (ASK-stop loss), but if it's good and price goes up you can take profit by going up the higher bound (ASK+take profit).When you sell - the situation is opposite - it's good when price goes down and it's bad if price goes up.
Make sure you do not MIX the strategies - if you're trading daily, you do not look at weekly and daily ones in the same trades.DO NOT USE MORE THAN ONE STRATEGY with one brokerage account.in other words:ALWAYS USE ONLY ONE STRATEGY with your brokerage account.Usually it's not possible to trade with more than one strategy with one brokerage account.A simple example:
In the Daily Strategy you BUY 10 units of eur/usd at 8:00 AM
Then, you're reading the Intraday Strategy at 10:00 AM and it tells you to SELL EUR/USD.You decide to SELL 10 units of EUR/USD.
but then, in fact you closed the previous position!You had 10 items and you just sold them. You mixed strategies.So either use only one strategy or open 3 separate accounts - each one for one strategy.
Make sure you quit trades properly.Trades will be closed automatically either when "stop loss" or "take profit" levels are reached or your should close them manually if the next signal is generated and it has the opposite direction (for example was "BUY" 4 hours ago in the Intraday strategy and now, after 4 hours the next Intraday signal for this pair is "SELL").If it's the same type of order (i.e. was "BUY" and the next signal is "BUY" as well) - you should keep the position opened and modify the trade by entering the new "stop loss" and "take profit" values basing on the current price.
Is this answer helpful for you and did it solve your problem?
Signals are wrong! Currencies go opposite direction!
Make sure you are using correct "Take Profit" values! And make sure you ARE using them. They will "catch" your profit and they will give you money even if prices generally go opposite direction. YOU MUST NOT use only "BUY" or "SELL" signals. You MUST also set "Take Profit" and "Stop Loss" values. If you broker do not support them - change your broker.Please see how it works:Let's say you have a "BUY" signal. Even if the price is falling down, it's not happening immediately. Almost everyime, in the meantime it's going up a little bit and you have to "catch" the profit then. Of course it will happen automatically if you set the "Take Profit" value:And of course the same about "SELL" signal:
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What are the most common trading mistakes?
Setting wrong time zone.Please refer to the "Signals Timing & Time Zone" section above for details.
Using more than once strategy.Please refer to the question above: "How can I be sure I'm trading correctly?"
Using "BUY" or "SELL" signals without using "Take Profit" and "Stop Loss" levels.Please refer to the question above: "Signals are wrong! Currencies go opposite direction!"
Entering trades 20 minutes, 50 minutes or 2 hours after signals were generated.You have to enter them on time.
Entering bad Take Profit and Stop Loss values.Please refer to the "Why I'm getting 'Invalid TP/SL' error?" question in the "Platform" section below.
Using red and green arrows from the left "Real Time Quotes" column as buy/sell indicators.They are not buy or sell signals! They only inform how the price changed in the last 30 seconds
Omitting trades.If your next Intraday signal will be generated on 10:00 PM and you will not be able to check it, DO NOT enter previous trade at 6:00PM. Trades are not closeing automatically every time, and you may have to close it manually. If you are not online when the next signal is generated it may reach Stop Loss later, even if it's in profit on the time!
Is this answer helpful for you and did it solve your problem?
Which currency pairs should I trade? Which pairs are the best ones?
There are no "better" pairs, however most frequently traded ones are: EUR/USD, USD/CHF, USD/JPY and GBP/USD.
Is this answer helpful for you and did it solve your problem?
Is there a time limit to enter the trade after displaying the signal?
There's no time limit, however you should enter the trade exactly when the signal is generated (of course several seconds or few minutes usually do not matter). That's why, in the Account Settings tab, you can set when to generate signals - to choose the best time for you.
Is this answer helpful for you and did it solve your problem?
What currency pairs should I trade?
All of them are good ones. The most popular ones are EUR/USD, USD/CHF, USD/GBP and USD/JPY.
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What are the best Forex trading hours?
There are no 'better' timings. Forex market is open 24/day, so every time is good one.
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When should I quit the trade?
The trade will automatically be closed when the "stop loss" or "take profit" levels are reached or you should close it manually if the next signal is generated and it has the opposite direction. If it's the same type of order - you should keep the position opened and modify the trade by entering the new "stop loss" and "take profit" values basing on the current price.
Is this answer helpful for you and did it solve your problem?
When I'm buying XXX/YYY - am I buying XXX and selling YYY?
Yes.For example when you buy EUR/USD - you buy EUR and sell USD. Or when you are selling AUD/JPY you are selling AUD and buying JPY.
Is this answer helpful for you and did it solve your problem?
Which strategy do you recommend?
There is no recommended strategy.The Intraday Strategy is the most risky one, but also should give the best profit in the long term.The Daily Strategy has an average risk and should give the medium profit in the long term.The Weekly Strategy has the lowest risk factor and will probably give the lowest profit in the long term.
Is this answer helpful for you and did it solve your problem?
Can I change Intraday / Daily / Weekly signals every hour or so?
Of course technically you can, however it's not recommended.The system is not designed to work this way. If you read the Manual posted in Members Area you will see that after opening the trade can be either closed automatically by reaching the Stop Loss or Take Profit level or has to be manually closed when the next generated signal has the opposite direction (please see the Manual for details). If the next signal has the same direction, you should only change the Stop Loss and Take Profit levels to the newly generated ones.So, for example, if you're using the Daily Strategy and you have a trade opened, you must wait 24 hours to be sure it does not require manual closing or if you should change the Stop Loss and Take Profit to the new levels (when the next signal has the same direction as the previous one -- it's also described in the Manual). Even if the trade will close automatically after -- say -- 30 minutes, the system is designed to predict the next position after 24 hours (in case of the Daily Strategy) or 7 days (in case of the Weekly one). So if you change the timings of your signals -- you are upsetting the system and it will not work the way it should. Most likely you'll get bad results and lots of loses.
Is this answer helpful for you and did it solve your problem?
I'm trading with leveraging. Can I lose more than I invested?
If you trade with $10 with 1:100 leverage, than in fact you're trading with $1000. If you lose everything - you owe $990 ($10 was yours already)."Trading on Margin" and "Trading with Leverage" are two ways to describe the same thing; the ability to trade a position larger than the amount of money in your account. Leverage is expressed as a ratio, for example 20:1 or 100:1. Margin is expressed as a percentage of position size, for example 5% or 1%, or in monetary terms, such as $50 or $2,000.But most brokers WILL NOT ALLOW YOU TO HAVE A DEBIT (so you don't have to worry). Let's say you're trading with $10 and leverage 1:100. Then - as already said - you're trading with $1000. Then the value of your investment will fall down by 1% ($10 which is yours is 1% of $1000 which you're trading with), your position will be automatically closed by broker. That means that in fact you cannot lose more than you have.
Is this answer helpful for you and did it solve your problem?
What is the "Probability Weighted Risk to Reward Ratio"?
The "Risk-to-Reward" ratio is a concept widely used in technical analysis.For Forex this parameter is equal to the ratio of the absolute value of the Stop Loss level (risk) and the Take Profit level (gain). For example, if the Take Profit level is 30 pips and the Stop Loss is 10 pips, the Risk-to-Reward ratio is 10:30 = 1:3.A trade is considered good when the Risk-to-Reward ratio is at most 1:2 - the lower the ratio, the better.The reasoning behind this is as follows: if you risk 10 pips, then you should have a chance of gaining at least 20 pips. This way, even if the result of the trade is random, on average you will win twice as much as you lose.Such an interpretation does not correspond to the actual situation, unfortunately.This is because a deviation of +30 pips is not equally probable as a deviation of -10 pips. The standard model described above assumes equal probability of these two movements - statistically for every -10 movement there is one +30 movement - so the average outcome is +20.However, the equal probability assumption is NOT fulfilled in reality. Let's consider an exaggerated example: is the movement of +1 pip within the next minute as probable as a movement of +1000 pips? Of course not!A question arises: how does the probability of gaining/losing change with relation to their expected value?The answer is: it varies like 2-x+1, where x is the price deviation.This changes the result of the whole discussion substantially: a gain of 30 pips is 4 times less probable than a gain of 10 pips.So if one takes the probabilities into consideration, the model changes entirely: it is much more beneficial to set small Take Profit values and larger Stop Loss values (as opposed to the standard "Risk-to-Reward" model). This occurs because a small deviation is much more probable than a large one.Example:BUY EUR/USD, TP = +10, SL = -40;In this example we risk the loss of 40 pips, but we can only gain 10 pips. Can this be profitable? Yes, because the probability of reaching the Stop Loss value is 3 times smaller than the probability of reaching the Take Profit values. We may lose 40 pips and gain 10, but the probability of gaining is 3 times higher than losing.Following this example further, the classic "Risk-to-Reward" ratio equal in this example to 40/10 should be multiplied by 2-3, which is 1/8. As the outcome we get a new value - "Probability Weighted Risk to Reward Ratio". In this example it is equal to (40/10*1/8) = 1/2, which can be written as 1:2.00.The interpretation of this result is as follows: for each pip of loss there are 2 pips of gain connected with the same risk. In other words, it is equally probable that we will gain 2 pips as it is probable that we will lose 1 pip. So the gain is twice as high as loss while the same probability of loss and gain is retained.What should be the value of the "Probability Weighted Risk to Reward Ratio"?It is assumed that the classic "Risk-to-Reward" ratio should be equal at most to 1:2.0 (so "better" values than this are, for example, 1:2.5, 1:3.8, etc.).
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Forex Automoney FAQ
Forex Automoney Support for MembersPlease read the questions below and click on them to see the answer.
Top of Form
Starting
How should I start?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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I would like to start! What should I do with signals?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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Forex Account
I don't have a Forex account. What should I do?
After entering Members Area please click "Manual" tab in the upper menu. There is a chapter named "Forex brokers" and we list 57 recommended platforms there. Please choose the one that fit your needs. Which one? The one that supports your country, supports your account funding methods and has low spreads. Everything is described in the Manual.
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How can I set up Demo Account?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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I tried to set up Forex account but I can't. Can you help me?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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Signals Timing & Time Zone
Can I adjust the times when the signals are generated?
Yes, you can set the times by yourself. Using the Account Settings tab in the Members Area you can set your time zone and the times when you want your signals to be generated - it's very flexible.
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According to which time zone are the signals displayed?
According to yours. You can set your time zone and hours when signals are generated in the Account Settings tab. Then, they are the hours of your time zone.
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What is my time zone?
You can check it here.
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I set the correct time zone and I'm not getting signals on time!
Check those two reasons:
Your time zone is "almost" correct, because of the Dayling Saving Time in your country. For example in United Kingdom it's GMT+0 in Winter, but GMT+1 in Summer. Remember - if your country has a Dayling Saving Time, you should shift the time zone by one hour.You can check your actual time zone here
The other reason is, that your watch shows a slightly different time than our server sees. For example you can see 22:01 on your watch and you are still waiting for your signals becasue they should have been generated on 22:00! But in fact, server indicates 21:58, so you should wait another 2 minutes.How to check it?When you are expecting signals to be generated, please look at the sentence placed above the signals. It says something like:"Your current time according to the time zone settings: ........."so check this time. It may show several minutes back, so just reload the page after those several minutes and see if signals changed.You can also use this feature to check if you set the correct time zone. It should show your local time (with possible several minutes shift as described above). If you see, that it shows one hour before or later - please change your time zone.
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Signals and Strategies
Why signals generated for the same currecy pair, at the same time but with different strategies vary?
Signals are not the same, because predictions are calculated with different time frames.Let's say:8:00AM - Intraday EUR/USD - buy8:00AM - Daily EUR/USD - sell8:00AM - Weekly EUR/USD - buyThat means, that the system expects that within the next 6 hours (Intraday) EUR/USD will grow up, but within the 24 hours (daily) will fall down, and within a week it will grow up.
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Are all the trades winning ones?
Not 100% of signals are winning ones - it's a long term strategy, not "every time I win" magic box.Please read "Using signals - Basics" chapter in the manual. You will know then, what is a "strategy". Sometimes you lose, sometimes you win - the point is, that your winnings should be statistically higher than loses.
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When should I enter trades? There are no entry prices.
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. You should enter prices exactly on (or just about) the time when the signal is genereated. You should enter the trade with the current market price. Even if it takes some time to enter the trade (usually a few seconds) - it does not matter. Even if the price will change by two or five pips.
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What are the the Real Time Quotes on the right?
They are current rates for supported currency pairs. It's only an information. THEY ARE NOT BUY/SELL SIGNALS.
Top of Form
Starting
How should I start?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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I would like to start! What should I do with signals?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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Forex Account
I don't have a Forex account. What should I do?
After entering Members Area please click "Manual" tab in the upper menu. There is a chapter named "Forex brokers" and we list 57 recommended platforms there. Please choose the one that fit your needs. Which one? The one that supports your country, supports your account funding methods and has low spreads. Everything is described in the Manual.
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How can I set up Demo Account?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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I tried to set up Forex account but I can't. Can you help me?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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Signals Timing & Time Zone
Can I adjust the times when the signals are generated?
Yes, you can set the times by yourself. Using the Account Settings tab in the Members Area you can set your time zone and the times when you want your signals to be generated - it's very flexible.
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According to which time zone are the signals displayed?
According to yours. You can set your time zone and hours when signals are generated in the Account Settings tab. Then, they are the hours of your time zone.
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What is my time zone?
You can check it here.
Is this answer helpful for you and did it solve your problem?
I set the correct time zone and I'm not getting signals on time!
Check those two reasons:
Your time zone is "almost" correct, because of the Dayling Saving Time in your country. For example in United Kingdom it's GMT+0 in Winter, but GMT+1 in Summer. Remember - if your country has a Dayling Saving Time, you should shift the time zone by one hour.You can check your actual time zone here
The other reason is, that your watch shows a slightly different time than our server sees. For example you can see 22:01 on your watch and you are still waiting for your signals becasue they should have been generated on 22:00! But in fact, server indicates 21:58, so you should wait another 2 minutes.How to check it?When you are expecting signals to be generated, please look at the sentence placed above the signals. It says something like:"Your current time according to the time zone settings: ........."so check this time. It may show several minutes back, so just reload the page after those several minutes and see if signals changed.You can also use this feature to check if you set the correct time zone. It should show your local time (with possible several minutes shift as described above). If you see, that it shows one hour before or later - please change your time zone.
Is this answer helpful for you and did it solve your problem?
Signals and Strategies
Why signals generated for the same currecy pair, at the same time but with different strategies vary?
Signals are not the same, because predictions are calculated with different time frames.Let's say:8:00AM - Intraday EUR/USD - buy8:00AM - Daily EUR/USD - sell8:00AM - Weekly EUR/USD - buyThat means, that the system expects that within the next 6 hours (Intraday) EUR/USD will grow up, but within the 24 hours (daily) will fall down, and within a week it will grow up.
Is this answer helpful for you and did it solve your problem?
Are all the trades winning ones?
Not 100% of signals are winning ones - it's a long term strategy, not "every time I win" magic box.Please read "Using signals - Basics" chapter in the manual. You will know then, what is a "strategy". Sometimes you lose, sometimes you win - the point is, that your winnings should be statistically higher than loses.
Is this answer helpful for you and did it solve your problem?
When should I enter trades? There are no entry prices.
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. You should enter prices exactly on (or just about) the time when the signal is genereated. You should enter the trade with the current market price. Even if it takes some time to enter the trade (usually a few seconds) - it does not matter. Even if the price will change by two or five pips.
Is this answer helpful for you and did it solve your problem?
What are the the Real Time Quotes on the right?
They are current rates for supported currency pairs. It's only an information. THEY ARE NOT BUY/SELL SIGNALS.
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