FirePips Forex Signals !
Hello Everyone !
Free Forex Signals are back. That’s right, I’ve decided to provide the signals again. My previous signals though successful, had higher overhead in terms of trade management. Previous signals required a lot more screen time and frequent updates which took a big chunk of my time.
After months of research and back testing I was able to use the same previously successful method and apply it to higher time frames. Now instead of using 5 or 15 Mins charts I use 4hr charts which helps me to cut down screen time and has less trade management overhead.
These signals are based on price action only and no indicators are used. As far my internet research goes no one else has published such method yet. I am happy to be corrected if found otherwise. At this stage I’ll only provide signals as they happen but refrain from discussing exact methodology. I’ve been using this system for a while now and it works great with all major pairs.
The idea behind these Forex signals is simple, we look at the price in relation to weekly and monthly price movement. We then wait for price to start trending in the same direction. Each trade is open with multiple of 3 lots. For example it could be 3 Mini, 9 Mini, 6 Micro, 3 Standard etc, any trade size in multiple of 3. It would depend on your money management as to what size you should trade. Read more on Money Management.
Profit Target and Stop Loss are all based on price action and would vary from trade to trade. Most trades would have Risk to Reward ratio of 1:1 or better but at time it could vary.
All Forex Signals would be posted as usual on Twitter and Facebook. I’ll also update blog, so it is a good idea to subscribe to email alerts. If you haven’t already done so then you can do enter your email on the right hand sidebar. In the future I may introduce SMS alerts as well.
Happy Trading.
Thanks 4 ur efforts, i’ m hoping to recovered 70% loss of my acct in Dec 09. But am not a full-time trader, can i make the signal as pending order?
Hi Adex,
All signals are pending orders. You can also set Stop Loss and Take Profit at the beginning.
Cheers
Good to hear you are back mate, looking forward to some signals!!
Your article is very useful for me. I get many informations about how to choose and run forex trading signal. Thank you.
Have you thought about an EA for Meta Trader?
Hi Marko,
No I have not. There is nothing that beats manual trading. However I don’t mind using EAs for backtesting.
I have demo trade your signal.it has been very good.Can we work together?
Hi bunmifx,
Sure, what you have on your mind? You can email me at “admin@firepips.com”
Hello,
If you use MT4 to place orders, you can subscribe to a system called http://www.rentasignal.com (Im not affiliate, and I don’t work or advertise them), we you can subscribe as a signal provider, and send your signals through your MT4, and we, the subscribers will get the signals on real time, to trade in our MT4 accounts.
It will replicate your trades from your MT4 to the customers lists MT4 platforms.
This way you can charge a fee for the service, and we the suscribers we will get your same results. Thank you.
hi firepips
i m very small invester n new in forex
from last few days i m seeing ur signals they r good but i would like to learn ur technique so can u provide me some useful technique from which i will get some knowledge of forex
I follow you on facebook.I’m a new trader and your information has helped me abundently. Thank you for you kind act and knowledge. I highly appreciate it.
Dre Johnson,
Ca, USA.
Hi fire, can you please tell me what is the differences between the leverage of 1: 100 and 1:400. can i take the highest leverage?? what is the catch there??
Try reading here http://forex.firepips.com/2008/10/30/what-is-fore... and http://forex.firepips.com/2008/10/31/does-higher-...
Let me know if you still have any doubts.
Great work.
I was gambling the whole time. I lost 98% of my money.
Is there any hope for me?
I dont think so.
I recommend you read books on Trading Psychology.
I loved your trading signals but yet I did not follow them because I was holding position in gold and had no equity. Waiting for your updates.
Thanks again
Sure…we will start all over again on Mon.
Hi,
I have attached your EA, but no trade or pending order also not excicute in my MT4 account, please guide me for correct setting
bye
Ashok
First of all this is not the correct place to post your EA question. Second we have several EAs. I suggest you go download page at the top and look for correct discussion page.