The Auto Trader Companion #2
What Is Up This Time?
– Tips On Using ForexGeometry Signal Alert
– Live Vs Demo Account Article
Updates On ForexGeometry (FGS)
This week will be a release on the latest update of ForexGeometry which is v30-0. This time the release will include an additional feature called Trade Exit On Indicator. Meaning that traders can exit their trades using indicator charts by having trend line drawn on it and trade will exit once the indicator value breaks the trendline.
Another update content will be on the educational side where a new strategy (triangle breakout strategy) will be shared and how a trader may use it with FGS.
Tips On Using ForexGeometry Signal Alert
Discretionary traders use signal alert to alert them of potential trades when the market hits a certain price level. Upon alert, they will decide if the trade opportunity at that point of time is favourable or to be invalidated.
I will show you an example to better understand how FGS might help you in this area.
Example of Signal Alert:
As you have a pre-drawn trendline on a chart but you do not want to trigger a trade with it yet, you can use the Signal Alert feature to do just that.
Figure 1
Here in figure 1, we have a drawn trendline anticipating a potential break if trade entry conditions are met. The drawn trendline has the signal alert GeoLingo alert and it is on standby to alert upon break.
Figure 2
In figure 2, you can see that the price has broken beyond the trendline and alerted the user through sound. But no trade has been triggered as it only provides signal to the trader.
Figure 3
In figure 3, you will notice that for the signal alert trigger there is a SIGN lingo in the trendline description, whereby if remove, will instantly trigger a SELL trade which is shown in figure 4.
Figure 4
This example is for traders who wish to be informed when signals are formed but do not want to execute the trade immediately but want to base on discretionary assessment of the trade potential before deciding whether it is prudent to take it.
Note: As the above is on the usage of the Signal Alert, for more information as to how to set up, do refer to your video and manual guide provided.
Live Vs Demo Account Article
http://www.fx360.com/commentary/brad/6836/live-account-vs-demo-account.aspx
This is especially for new traders who still might not know the differences between demo and live account. It shows how one might be able to transit from demo environment to live environment through good trading practices.
Do drop us your comments below for this issue of the Auto Trade Companion to share your views and thoughts.
Your feedback is most appreciative.
We hope that you have a great week ahead and good luck trading!
For more information on ForexTrailer & ForexGeometry:
http://www.ForexTrailer.com/Special-Offer.html
http://www.ForexGeometry.com/Special-Offer.html
Regards,
Warren Seah and the ForexTrailer/Geometry Team
Copyright ©2012 ForexTrailer.com & ForexGeometry.com
NOTE: ANY INFORMATION CONTAINED IN THIS DOCUMENT IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT FINANCIAL ADVICE.
U.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSION FUTURES, CURRENCY AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEB SITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.