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loulou69

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Posts posted by loulou69

  1. Re: Profit Mountain

     

    from members currency pairs can work =D>

     

    TF Daily

     

    Which currency pairs should I trade FX Profit Mountain on?

     

     

    Any currency pairs you are comfortable with, we trade FX Profit Mountain on as many pairs as possible, such as:

    EUR/USD, GPB/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, AUD/JPY, AUD/NZD, AUD/CAD, CAD/JPY, NZD/JPY, EUR/CHF, EUR/AUD, EUR/CAD, GBP/AUD, GBP/CAD, GBP/CHF, AUD/CHF, EUR/NZD, CHF/JPY, and the GBP/JPY (special settings for the GBP/JPY)

     

     

    Will the default settings work for all currency pairs?

     

     

    The default settings should work well for all currency pairs, on the daily charts. The only exception is the GBP/JPY - for the GBP/JPY we recommend that you use the special GBP/JPY settings. To use the GBP/JPY settings, right click on any chart with “fxprofitmountain.ex4” attached and select “Expert Advisors” then select “Properties.” Select the “inputs” tab and make sure that the “GBPJPYSettings” is set to “True.”

     

     

    Will FX Profit Mountain work on all time frames?

     

     

    We only recommend using FX Profit Mountain on the DAILY charts. All of the default settings on FX Profit Mountain are set for the DAILY charts. If you find settings that work well for other timeframes, that is great, but we trade FX Profit Mountain only on the DAILY charts.

     

    How does FX Profit Mountain know when to exit the trades?

     

     

    FX Profit Mountain uses a complex algorithm to decide when momentum is fading and will exit the trade accordingly. In practice, this exit is similar to a trailing stop. As the trade moves in the expected direction, FX Profit Mountain will lock in profit.

     

    It has been several days now and FX Profit Mountain has not exited a trade, the trade was making money but now it is a loss, what happened?

     

     

    Under most circumstances, FX Profit Mountain will close a trade after a few days. If a trade is continuing and has not exited, then perhaps FX Profit Mountain is still waiting to exit.

    If you see that the stop loss has moved, and is getting closer to the entry price, then everything is well. If, however, the stop loss is not moving, then something is wrong. You may have lost power to your computer, or the internet connection has been lost. FX Profit Mountain will always move the stop loss as the market moves in the expected direction to lock in profit. If you see that the market has moved in the expected direction, but the stop loss has not moved, perhaps you should close the trade manually to avoid a possible loss.

     

    kudo welcome ^:)^

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