MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Methodologies » Tools of the Trade » Software Development

[Ismail Ishaq]

Hi All,

I'm a newbie in Forex and while I'm picking up the "trade" I have also decided to try Forex Killer version 4.12

I have 3 questions regarding Forex Killer which is not clearly shown and described in the YouTube videos I saw...

1. Are the the Stop Loss & Take Profit in the Forex Killer also automatically
calculated or given by default regardless what the input of the 10 Daily
or Hourly Close values are ?

2. What should I do ( Sell or Buy ) if the Short Term and Long Term signals
conflict, i.e. for example the Short Term signal says "Sell" and the Long
Term signal says "Buy " or the other way around ?

3. How should the order be executed in the "Type" box of the "Order"
window of the Meta Trader 4, should it be "Instant Execution" or
"Pending Order".

Thank you.

Best regards,
Ismail Ishaq

[sophie87]

i'll try it..n let you know soon..

[Kat Magnus]

Hey,

1) The Stop loss & take profit values are dependant on the parameters you input. The software will stay true to these regardless.
2) It really depends on the trading strategy you are implementing....are you scalping or long trading over days or even weeks?
3) Instant Execution will execute the trade as soon as the parameters and favourable conditions are met.

Hope this helps