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How to use the ITM Financial SigAlert Indicator Review - Tutorial 1

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Published on Feb 23, 2012

For more examples please visit http://internettimemachine-review.com...

How to use the ITM Financial SigAlert Indicator 1- Review
Once you have imported the ITM Financial -- SigAlert Indicator follow this powerful strategy, step by step in order to secure a profit on practically every trade you place on the market:
Before we move on let me remind you an important concept. The ITM SigAlert Indicator is meant to be used as just that, momentum based indicator. It is not a robot or an Expert Advisor. You have to take other factors in account before "trading" an indicator that predicts just the trend; factors like other ITM signals and indicators that will make your trader's live easier or divergence on CCI, RSI at the current period, Volume, etc.
Now lets take a look at the chart:

On top of the chart
• The red arrows indicate where you would set your stop-loss and the
• Orange arrow the limit that come with the signal and indicate were to set your "winning" limit-
• the yellow arrows represent the time and benefits (difference between the entry and exit price

The BOTTOM half of this chart shows the ITM Financial -- SigAlert Indicator in action.
As you can see there would have been two main opportunities to place your order:
A) You could have bought (going long) at the beginning of the chart
B) or follow the indication of a falling price and SELL ( going short) on the second arrow. The base strategy is:
1. Open your position when the SECOND red or green vertical bar appears in the ITM Financial -- SigAlert window below the chart.
You CAN technically enter a trade on the 1st green or red bar. The only downside of doing this is that your position will not really be confirmed as there could be pullback and/or reversal. Waiting for the SECOND bar ensures that your intended trading position is indeed valid and you are safe to go ahead and open the position live.
2. Next, place your stop loss 2 to 3 pips below ( when going LONG ) and 2 to 3 pips above ( when going SHORT ) of the previous candle, assuming you're using Candle-stick charts.
For example:
Buy at 1.4000 (going LONG)
The Previous Candle Low was 1.3990
Therefore, your Stop Loss should be set to 1.3990 -- 2 (pips) = 1.3988
3. Limit your benefits: (optional) Each signal comes with a target price (see the orange arrows). Set your limit to this target price. Additionally, as the movement goes into the right direction adjust your Stop Loss to assure benefits already achieved.
It is now up to you relax and wait to hit the limit price and cash in your benefits or continue adjusting to squeeze the maximum out of the trend. I've learned my lesson (remember, I lost more than $50.000 in a few minutes), and prefer a more conservative approach, cash in and take a new chance when the next signal arrives.
For going SHORT you do the EXACT OPPOSITE.
According to several thousand tests the ITM Financial team have performed (by opening live positions on the market), this strategy works extremely well on 15-minute (M15) to 4-hourly (4H) timeframes.
The ITM Financial team has tested it on several major FX pairs, and have received the best results on the EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, AUD/USD and NZD/USD pairs.

For more examples please visit http://internettimemachine-review.com...

This video: http://www.youtube.com/watch?v=9KYlWf...
Part 2: http://www.youtube.com/watch?v=_Qd2P9...

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