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Rules and steps of setting an order

1- First of all you have to register your name on our site. It is easy and user friendly. You can register more than once with different IDs, thus you will have more than one profile.

2- At the beginning of each session you have to log in the site. Once you log in for the first time, you don't need to log in for the other times, as the site will remember your username and password; except you delete all cookies.

3- You can set an order by clicking on "Set/Edit Order" in "Control Panel". Before the beginning of each day (by the site's clock which is equal to 22:00 GMT) you must have set your orders. Any settings after this time will be considered for the next day. You can delete or edit your orders before that time, but after 22:00 GMT you cannot change them. So you have 24 hours to set or edit your orders.

4- For each order you have to:

-          Check the exact date and time of the site at the first row and compare it with your regional time.

-          Sell or Buy the currency.

-          Choose the volume of trading: between 1 to 10 lot(s) according to your confidence in your forecast.

-          Select a currency pair from the list.

-          Pay attention to the exact day and time on which your order opens in the next column.

-          Finally you have to set the profit you want to take from this trade. Be careful that here you set the number of pips you want to take, and not the precise price. For example you set 10 or 20 or 50 pips.

-           On finishing your order you click on the “ADD” button.

-          After clicking on the ADD button the page will be refreshed and you can see your order(s) and change them with “Edit” and “Delete” links.

5- All positions will be opened simultaneously at the beginning of each day by the site’s clock (22:00 GMT).

6- Notice that you have no possibility to set “Stop Loss” for your positions. In case that your position doesn’t close until the end of the site’s day with the “Take Profit” you have set, we will close it with the close price of that day.

Don’t worry if there is no stop loss, because all traders have the same condition in this rally. This way you learn the professional method of trading and you will trade by far more easily in real markets.  

7- Upon closing of each position the script calculates your score by multiplying the volume of your trade (in Lots) by the positive or negative points you have got. If your position gets its TP, it will be closed by that number of positive points; otherwise it will be closed at the end of the day by positive or negative points according to the difference between the open and close prices on that day and the direction of your forecast.

8- Notice that there is no limitation for the number (and direction) of the positions you can open on each currency pair, just be careful not to gather enormous negative points for yourself.

9- you can't set any orders on Fridays and Saturdays.

 

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2012-02-07 07:39:52