Trade rules have been updated as of June 1, 2010. Changes:
- You can now use 1 mini lot per $350 ($450 if you are more cautious) for mini accounts or 1 lot per $3,500 ($4,500 if you are more cautious) for full accounts. It used to be $500/$5,000.
- The trailing stop is now variable, listen to what the signal says. It used to be ~5 pips.
- Take profit (TP) is now 600 pips. It used to be 20 pips.
- We now use a stop loss (SL) of 280 pips. We used to have no stop loss.
- These changes massively increase profit potential while massively increasing safety.
To get the same results we get, follow these rules explicitly:
1
Remember not to trade just for the sake of trading. It requires patience and self discipline.
2
You may lose money if you don't use these rules while using our Forex signals.
3
You must use a minimum of $350 in your mini account and $3,500 in your full account.
4
You must use only 1 mini lot per $350 ($450 if you are more cautious) for mini accounts or 1 lot per $3,500 ($4,500 if you are more cautious) for full accounts. If you do not follow this rule, you run the risk of getting a margin call. Leverage does not matter. Our money management (MM) is very simple, only involving account balance and number of lots traded. Our trade rules account for any kind of draw down we might get during a trade.
5
You are receiving the signals instantly as they happen, not after or before the actual trade happens. We send the signals the instant we do the trade.
6
We are sending the signals by e-mail and SMS, so you must be present at your terminal to execute the trades. Missing trades is OK, just wait for the next one. If the suggested buy/sell price is below/above the trailing stop (not activated yet) and the 600 pip take profit (TP) hasn't been reached yet, do the trade. Otherwise do not do the trade. Some cell phones support mobile Forex trading software. With the SMS option you would be able to execute all our signals whenever or wherever you are anywhere in the world.
7
Our trades have a variable trailing stop, please see signal for trailing stop (it is usually 10-40). Your broker or software may not support a trailing stop below 15 pips so we developed an expert advisor to automate this for you. Install our 5 pip trailing stop expert advisor written for MetaTrader to use for trading with a pip trailing stop below 15 pips. Advanced users could also manually monitor this.
8
Signals come based on "5 digits" for the TP, SL and TS. If you are using a "4 digit" broker, you would actually drop the last digit (or divide by 10); a 6,000 pip TP would be 600 pips, a 2,800 pip SL would be 280 pips and a 20 pip TS would be 2 pips. "5 digit" brokers add an extra digit (tenths of a pip) to give you better pricing instead of rounding the number.
9
Our trades have a variable trailing stop and 600 pip take profit (TP or target profit). If the suggested buy/sell price is below/above the trailing stop (not activated yet) and the 600 pip take profit (TP) hasn't been reached yet, do the trade. Base this on our entry price. Otherwise do not do the trade. We now use a stop loss (SL) of 280 pips.
10
We have only one open trade at a time. If there is a new trade then you know for sure all other trades have been closed. We do not recommend doing other trades while you have a trade open using our signals or open another trade while still in a Forex Ambush trade as this will break our money management (MM) rules stated in rule 4.
11
To open a position do not use limit or stop orders. Use only market orders.
12
You must open a demo account and practice using the signals before you apply them to your real account.
13
Leave your computer and don't look at your trade every 5 minutes. Let the take profit or trailing stop automatically close your position. Do not manually close a position under any circumstance (unless you are in profit and wish to take it at that time). Trailing stops require your computer to stay on and your Forex trade software to be running.
14
Spread the word about Forex Ambush 2.0 by telling everyone you know.
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