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Forex Trading Glossary

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Term Definition
Precision Entry Identifier Automated Str

You can now automate the Precision Entry Identifier signals with this new addon strategy.

This addon strategy is an optional component which can be used with the "Precision Entry Identifier" indicator set (above) to automate its usage.

Entry points are plotted in realtime on the OPEN of the bar on which they appear. One can either enter at market on the open of the bar as soon as the signal appears OR with a limit order at the price level that the entry signal itself appears at. You set the profit target and stoploss dollar amounts with the adjustable inputs parameters. Additionally all inputs that are in the indicator set are included with the addon strategy and can be optimized on any symbol and any time frame including time-based charts, tick charts, range charts, etc.

Please note that although it can be optimized on any symbol and chart this addon is meant to be used in conjuntion with the "Precision Entry Identifier" indicator set and should not be considered a 'set it and forget it' stand alone automated strategy. The user decides how the next trade will be handled and can set the parameters and take that next trade in full automation. This can greatly help the trader stick to their trading plan for both entry and exit of each trade.

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