Numberbook Caller ID

6/14/2012

Customer Reviews of Forex MegaPips


This is about the best signal software i have ever come across,
but just just like any other system, it wont make you money every single day as no trading system is 100% accurate but i assure you that at the end of the month, you are goin to be smiling to the bank.. just make sure u apply good money management and you’ll do just fine. the signals are generated based on pure price action of the previous days trading activity 

here are some tips that i think will help you maximise the earning potential of this great software: 

1.Trade only in the direction of the intraweek market trend. 

2.Do not buy against a resistance level and don’t sell against a against a support level. 

2.Make sure the take profit is is within the high or the low of the previous days range. 

4.Trade only volatile pairs with this system e.g. GBPUSD,GBPJPY and maybe even EURJPY 

5.Always make sure that your take profit target is always within the ADR (average daily range) for the day. 

6.Whenever your stoploss is very close to a round number or previous days mid-line, high, low or close, always add a few more pips say 5-10 pips to the stoploss value just in case price decides to retest that area again. 

7.You can always aim for higher take profit level as long as it does go beyond the previous day’s high or low. 

8.The only condition for you to take trades with targets beyond the previous day’s high or low is if the entry was beyond the previous day’s high or low.(either above or below) That way you know that price has completly cleared that resistance or support level. And if that happens to be the case then your take profit target must be located within the average daily range for that day. 

9.Always check your fundamental news calendar for high impact news releases and make sure you are out of your trade before it hits the wires. 

10.Don’t risk more than 5% percent of your trading capital on any single trade. 

11.don’t take more than one trade at a time to avoid doubling up your risk.