Question from Sean:
"My question is around the timeframes for the Short Term and Long Term signals. What sort of position open to close timeframes are you using the signals for ?
If you're using H1 timeframes, is Forex Killer suggesting that the Short Term signal should be opened and closed within a single one hour period?"
My reply:
I can understand your confusion. Forex Killer doesn't provide you with a clear exit strategy. But it recommends you to either exit your trade when the signal turned into a no trade condition or into the opposite direction you've taken. Hence, continuous price monitoring using the latest H1 closing prices is still required after your initial trade entry.
In summary, exit with no trade condition will be the most conservative approach, followed by exit with a reversal in the trading signal. My strategy is the less conservative one, I use fixed stop loss and exit only after a few hours later.
So, trading results will vary depending on which time frame you trade and your chosen exit strategy.
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