Set And Forget Forex Signals
What Are Set And Forget Forex Signals?
Set and Forget Forex Signals are Forex signals that come out at the same time every day as pending orders. As the name suggests, you set the trades by placing the pending orders and then forget about them until the next day. Once the trades are placed, there is nothing more to do as there are no trade management instructions like moving the stop to breakeven or trailing the stop.
If you don’t have a lot of time to trade, or simply don’t want to sit in front of your charts for hours making trading decisions, set and forget style trading is for you. Placing the trades takes literally less than 5 minutes a day, and then you can get on with your life. If you know how to place pending orders on your trading platform, you already have all the skills you need to trade set and forget signals.
Set and Forget Forex Signals have the added benefit of helping you stick to your trade plan. When you are looking at the charts while trading, you are likely to make trading decisions like closing the trade early due to emotions like fear and greed. This takes you away from your trading plan and leads to frustration and lost profits. Set and Forget signals fix this problem by letting you set the trades and then walk away from the charts.
Manually Trading Set And Forget Forex Signals
How To Trade Set & Forget Signals Manually
Set and Forget Forex Signals usually come out at the same time every trading day. At or around that time, all you do is get the PENDING ORDER signals (Entry, Stop Loss, Take Profit), from the signals service. Then you place the orders on your broker account. That’s it!
Let us break it down for you…
Assume you get the trade signals at 5PM New York Time, Monday – Thursday:
- MONDAY – Place Pending Orders
- TUESDAY – Cancel Untriggered Orders, Close Open Trades and Place New Orders
- WEDNESDAY – Cancel Untriggered Orders, Close Open Trades and Place New Orders
- THURSDAY – Cancel Untriggered Orders, Close Open Trades and Place New Orders
- FRIDAY – Cancel Untriggered Orders and Close Open Trades
Benefits Of Set And Forget Forex Signals
What Set And Forget Signals Can Do For You?
Trading the Forex market is a tremendous wealth building opportunity… IF you know how to consistently profit over the long term. Set and Forget Forex Signals gives YOU the opportunity to participate in the Forex market without the normal drawbacks of learning and trading on your own. Plus, it fits into just about every trader’s lifestyle.
By using Set and Forget Forex Signals you can join profitable traders on their disciplined march toward long term (and potentially life changing) profits. This is one of the simplest ways to participate in the Forex markets and duplicate already profitable Forex traders without spending a lot of time and money. In short, set and forget style signals can take all the mystery out of profitable Forex trading.
Where You Can Get Set And Forget Forex Signals
Red Iron FX Signals
Red Iron FX Signals are set and forget Forex signals with a history of success. Here are the general characteristics:
- Signal Time: @5PM New York Time
- Currencies: EURUSD, GBPUSD and USDCHF
- Trading Days: Monday, Tuesday, Wednesday and Thurday
- AVERAGE Pips Per Month: 200-300 Pips
- Time To Trade: Less than 5 minutes a day.