1. Placing Orders

Understanding Signal Components:

• Side: The direction of the arrow indicates whether it’s a Buy or a Sell Short.
  • Up arrow (↑): Indicates a Buy order.
  • Down arrow (↓): Indicates a Sell Short order.
• EP (Entry Price): This is the primary order price at which we place a Buy or Sell Short order.
• SL (Stop Loss): The price at which we exit for a pre-defined loss.
  • Opposing action: If the primary order were a Buy, the Stop Loss would be a Sell. If the primary order were a sell-short, the Stop Loss would be a buy-to-cover.
• T1 (Target1): The first price target at which we exit for a pre-defined gain.
  • Opposing action: If the primary order were a Buy, T1 would be a Sell. If the primary order were a sell-short, T1 would be a buy-to-cover.
• T2 (Target2): The second price target for booking profits at a different level.

Placing Orders:

• Orders (EP, SL, T1, T2) can be placed using a Bracket Order.
• Some brokers allow placing multiple targets at one go, while others may require separate bracket orders for each target.
• Check with your broker for additional information on placing multiple targets.

2. Validity of the Trades and When to Cancel Orders

Validity Period:

• Trades are designed to work within each week, hence the term Intraweek.
• Trades posted on Tuesdays may be retained if still valid during the review on Thursday.
• Pending orders not executed by Friday’s end of the trading week should be cancelled.

Executed Orders:

• Orders that were executed (open positions) may be retained over the weekend.
• The outcome (hitting Stop Loss or Target) will be determined next week.

3. Monitoring Positions

Comments Section:

• New opportunities/trades are typically posted on Tuesday and Thursday each week.
• Significant news or events that could affect pending orders or open positions will be noted under Comments, with special instructions to manage extra volatility.

4. Reporting Results

Trade Outcomes:

• The results of each trade setup will be reported.
• Trade setups from Tuesdays will be reviewed on Thursdays.
• Valid trades will be retained, while new setups will replace invalid ones.
• Cumulative results can be viewed under the History section.

5. Risk Management

Recommended Risk:

•  
• We recommend using 0.5% risk per trade per target.
• Example:
  • Amount deposited: $20,000
  • 0.5% risk per trade per target: $100 per order.

Position Size Calculation:

• If EP is 1.0045 and SL is 1.0025, the risk is 20 pips per trade.
• Recommended position size: 5 mini lots (to match $100 risk per trade).

6. Test It for Yourself

Using Demo Accounts:

• We recommend using our trade setups for at least a month in Simulated/Demo/Paper-trading mode.
• This allows you to get a feel for how the setups work and the results they deliver.
• Only go Live with your real account deposit after you’re satisfied with the demo results.

Managing Expectations:

• Some trade setups will result in a Stop Loss, a valid and expected outcome.
• Trading with Stop Losses helps manage risk. To achieve a winning strategy, more targets must be hit than stop losses.

Demo Trading is Recommended

We highly recommend testing the signals with a simulated/demo account for at least a month. This lets you experience the signals’ performance and assess the results before risking real capital.

By following this guide, you can use our signals to make informed trading decisions effectively. Happy trading!

Disclaimer:

• Past performance is not necessarily indicative of future results.
• All trades involve market risk and the possibility of losses.
• Stop Losses are crucial for managing risk.
• A winning strategy aims to minimize losses compared to achieving targets.

We hope this guide empowers you to interpret and utilize The Signals Oracle’s signals page effectively!