About.

What my trading signals service include

In this signals log, I show you examples trade just for demonstration purposes;
My trading signals will be provided to you in real-time via email and will consist of a set of data that I will explain to you below
Below I show the parameters and explanation for each heading that I use and that You will find in my trading signals;
You can use it too if you like, or tweak it to your desire.

It's important that you maintain the correct proportion when sizing the lots for your trades, relative to what is indicated in these signals. The lot sizes for the trades discussed in this service are based on a $10,000 account. So, if you are operating with a $1,000 account, you should scale down the lot size by 10 times. If you have a $5,000 account, you should halve the lot size. Conversely, if you operate with a $100,000 account, you should multiply the lot size by 10 times. To maintain the same "R" factor achieved by following these signals, you should never deviate from this sizing ratio for any signal you receive.

– Entry date: This is self-explanatory; the date I entered the trade, the date I got filled is what I want here (if the order got filled). If the order never gets filled just I delete it from my journal.
– Security / FX pair: The particular security traded, this will either be a currency pair or Gold / Silver for most of us.
– Entry B / S: Here I enter whether I bought or sold and record the specific level/price I entered at.
– Planned Stop and Planned Target: I will put my pre-determined stop and target price in these boxes. It’s very important to pre-define my stop level and target level. If I have pre-determined that I will trail my stop, I can just type something in this box describing my trail method, for example I might type; “trail stop each time trade moves 1 times risk in my favor”.
- Pending: When trade is pending (sell limit, sell stop or buy limit or buy stop)
- Lots:The size lot of the trade
- Planned Risk and Planned Reward: I will put my pre-determined risk and reward in dollars (you must maintaing the correct porportion for tuou account)
– R factor: How much the 'R' factor for the month and the current year, updated after each closed trade?
– Exit Price: What price did I actually exit the trade at?

The most important parameter you need to pay close attention to is the risk/reward ratio. This ratio should be set to achieve an "R" factor that is always greater than 1. You will always need to assess and compare the risk taken in your month's trades with the return; if your R value (=$ won/$ lost) is greater than 1, then your trading is right. If it is less than 1, then you need to review your trading approach.

This is the only thing that matters in trading. You are dealing with an unpredictable market, except in terms of probabilities. That's why it's essential to think in terms of dollars won against dollars lost. Your entire strategy must be based on this. Otherwise, you'll end up being kicked out with your account. Keep your focus on the "R" value (= $ won/$ lost). Monitor this value every month. If you are aware, your trading will proceed in the right way.

What really matters is the return on risk... not percentages or pips. If you understand and implement proper risk/reward strategies, you could make money even while losing the majority of your trades.