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I must say that the developer is very understanding and will always be there to support. I am satisfy with it and I will like to recommend it to my friends. Ralph Holdermann Somewhere I have been looking for the news scalping strategy, it looks like i am finally finding it here. Phendukani South Africa Manual Guide 1. Switch to Input tab, enter your registered email address and activation key in order to activate your license. It will remember your license info, so just leave the license blank next times.
Viewing options After installation, you will see the news listed on the panel. You can choose viewing options right on the panel and it will take effect immediately. View mode: This week: All news of the current week will be shown.
Today: All news of the current day with selected time zone will be shown. Timezone: Select timezone that time factor of news will be converted to. Upcoming news button: Move to nearest upcoming news that going to be released. Impact level: Select which impact level of news will be shown. Currency: Select which related currency of news will be shown.
Data source: Select which data source will be connected to load the news. Currently, there are 3 data sources available: ForexFactory. Set alert: Set the amount of minutes that program will alert before an upcoming news release. Allowed time to alert: Set the period of time when alerts are allowed usually, it should be day-time of your local time. The program will not alert you out of this period in order not to disturb you at night time. Show news on chart: Mark the news release points on chart.
Strategy setup panel Click to any upcoming news in the list, strategy setup panel for that news will popup. Predict the news: This strategy is very simple, just predict the market move direction after news release, then set it to open Buy or Sell order before news release. This method can maximize the profit and avoid slippage because order is opened when market is still silent, but it also can whipsaw your account if you choose the wrong direction in big news.
This is for one who likes to take risk. Pending trap: This is typical strategy that places two opposite pending stop orders before news release to catch the breakout. The system looks like it is a scalper because it trades a lot procession and has a smaller take profit.
Currently, this is all the information I have on the system. If you want to see some of the results or back tests just follow my link at the bottom of the article and you will be able to see more about the Forex machine gun. If you have something you would like to add to this review please let me know your thoughts. At this point in time I am not going to give a yes or a no recommendation I am going to leave this in the air and see what kind of response the system gets from our readers and the community.
Share tweet About Patrick Ryan Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis.
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