Inside of our telegram we send signals like these every day. You can expect between 4 and 5 signals per day however we might only enter 2 or 3. These can be taken easily from your mobile phone! There are a couple of important details in each of these signals.
At the top of each signal we will always state what symbol we are trading. In this case we are trading GBP/JPY.
By selecting quotes at the bottom left of your Metatrader 4 mobile phone app you can see the available symbols to trade. You can add or delete symbols. We trade GBP/JPY and XAU/USD so these are useful symbols to add here.
Your second key piece of information is the order type. We send out three order types in our channels. Buy Stops, Sell Stops or Market Orders.Â
After selecting the correct symbol make sure to press "market selection" and select the correct order type. In this case it will be one buy stop, and a second trade which is a sell stop.
The most difficult part of this process is calculating your lot size. However, this will get very easy once you start. Free "lot size calculators" like BabyPips are recommended for this process. All of this information is provided except stop loss in pips. To calculate stop loss in pips simply take the entry price - SL and x10. In the example this example it would be (198.4 - 198.8) x 10. 40 pips. Simply enter the AUD/JPY high by looking for the price in quotes on MT4 and refer to the Standard Lots produced.
Simply enter the calculated lot size here. Please remember to keep your risk consistent. Anywhere between 1-4% per trade is appropriate. However if you are risking 2% per trade ALWAYS stick to 2%. Stay consistent.
Market orders will only ask for:
Stop Loss
Take Profit
Buy/Sell
Simply enter the SL (stoploss), TP (take profit), and hit buy or sell according to the signal instructions.
Buy/Sell stops will ask for:
Price
Stop Loss
Take Profit
Expiration
Simply enter the price listed on the signal, SL (stoploss) and TP (take profit). Expiration can be left unset.
While this seems complicated now, after practice this will become a 5 minute process. Experienced members from our groups spend no more than 10 minutes per day copying our trades. Stay patient and stay consistent. More in depth tutorials of these processes can be found easily on YouTube. However if you have questions, please reach out via our Instagram or Telegram.