FXS Signals FAQ

How many Signals will I receive every day?

Even though FXS Signals publishes and executes an average of 5 per day, we can not assure a fixed number of signals. Our strategies trigger orders depending on different market conditions, resulting in days with a number of signals above and below the daily average.

Are FXS Signals for intraday, swing or position trading?

Our strategies work on several time frames from minute to daily, so their holding times can be considered from short-term intraday to longer-term position trading. Our recommendation is that you adopt a long-term horizon despite the fact that many trades are short-term oriented. In today's markets, with volatility rising, and liquidity shrinking, once a strong trend is in motion it will be very difficult to get on. So it's important to build positions with longer time horizons in mind.

What are FXS Signals Strategies based on?

Each strategy is based on a particular combination of set-ups based on price levels and patterns, technical indicators, or economic events. All FXS Signals strategy descriptions are available on our strategies page.

Are FXStreet Signals based on technical analysis or also based on fundamental analysis?

The signals are generated based on technicals mostly. Only one strategy executes trades based on economic data releases, specifically on the deviation between the Actual and the Consensus numbers.

Does your service come with educational material like Gann, Wyckoff, Elliott Wave, etc?

No. specific theory-related material you can find for free in our Learning Center or educational section. But we do add an educational layer on the signals generated by explaining their rational, contextualizing trades, generating trade ideas based on macro and technical data.

Do you share a detailed background of a signal as well?

For some trades we provide the rationale behind the execution. We are constantly analysing the market, generating ideas and managing open trades. You can also learn about the logic of each strategy reading the strategy descriptions.

Are FXS Signals 100% automated?

Not at all. While the robots (the dinosaurs) can enter and exit trades totally on their own, we do apply a discretional layer on top of them. Each dinosaur is a combination of a strategy, a currency pair, and a trade direction (buy or sell). We may switch them on and off depending on the direction we want them to trade, or we can switch a robot completely off. In some cases we may abort a trade at its beginning or we may liquidate a trade before the system closes it automatically.

At what time of the day are the signals sent?

A new signal can arrive anytime, although most signals are executed between 8:00 and 16:00 GMT.

How long is a trade typically held?

Most trades are closed within a few days and others even within a few hours, but a smaller portion are held for weeks and months since they are positional. Together, they make an average trade duration of 3 to 4 days.

What is the win rate of your signals?

Our historical win rate oscillates between 45% and 55%. Our profit factor (how many times the gross profit exceeds the gross loss), in turn, is around 1.70. Besides, our average win (in pips) almost doubles the average loss.

Which assets do you trade?

We currently trade most currency pairs, noy only majors but also non-USD cross pairs. There is always a reason behind the pairs we choose. In order to make profits, it's important for us to use less traded pairs where inefficiencies are easier to capture. Because lesser traded pairs are in fact synthetic pairings, they deviate a lot more from the mean. Many of our strategies are based on mean reversion logics.
It’s true that the direct costs of cross pairs are higher (spreads and commissions), compared to a major pair like EURUSD, but in turn you have more opportunity to capitalize on their price moves. We value the fact that costs do not eat profits away. And for that reason we are not shy to pay a 20-pip spread if that particular pair moves 600 pips per day. Also take into consideration that pip value is not the same in all pairs, so a 7-pip spread in one pair equals a 2-pip spread in another.

Why don’t you include other assets like Gold or Oil?

The reason we don't include signals on gold is technological: at the moment we can only enroute FX pairs from our automation platform to the trading account. But we look forward to introducing commodities, CFDs and cryptos in the future.

What is the minimum capital needed to trade these signals?

We started one of our real accounts with 1k in sympathy with many traders who are probably testing the service with similar humble amounts of money. In this account we are using one micro lot (1k) for each trade and we usually have between 15 and 30 open trades. If your starting balance is below 1k, we advise to trade in units instead of micro lots.

What kind of money management technique do you use?

We use a fixed size for each trade. The trade size is increased and decreased periodically depending on the equity. We like to maintain our effective leverage below 30:1. It’s important to know that we do not use a fixed fractional position sizing (risking a fixed percentage of the equity per trade). The reasons are many but perhaps the greatest concern about this technique is that by combining different time frames, we would find ourselves risking a fixed percent, whether 100 pip or 10 pip. This may result in achieving a gain in terms of pips but losing in terms of capital. Take in consideration that even if markets are fractal and patterns emerge in all time frames, the probability of a 10-pip stop loss to be triggered is much greater than a 100-pip stop loss. That's based on liquidity and that's the "material" side of markets beyond fractality. So risking, let’s say, 2% for 10 pip is not the same as risking 100 pips!!

How much leverage do you use?

We periodically inform about our effective leverage (the ratio between the size of all open positions and the account’s equity) and number of open positions to give our audience a feel for what level of risk to assume. We also repeatedly inform that open positions can go up to 30, so users should keep sufficient available margin.

What does Dynamic Stop Loss and Take Profit mean?

Those strategies with dynamic SL or TP may change these levels several times during the life of the trade. A dynamic exit (a SL or TP) is frequently recalculated during the life of the trade based on a set of technical parameters such as volatility or momentum. Dynamic exits can be for instance a Stop Loss being trailed to the entry-level, in order to reduce the risk of the trade. It can also be a target which is expanded because the asset being traded picks up momentum and increases the chance to get more reward from the trade. In any case, a Stop Loss order will never be taken away from the entry-level: either it remains fixed or it is moved closer to the entry price.

What does a Conditional Stop Loss and Take Profit mean?

Some strategies do not have an explicit SL or TP at the moment of entry. Instead, they have conditional stops and targets. A conditional exit (a SL or TP) is a set of technical conditions that trigger the system to close a trade. Most of our systems have several ways to get out of a trade: the price is at a technical confluence; oscillators cross a threshold; the volatility regime changes, etc. A conditional exit is therefore not a price level. Some systems also trail the stop loss. Therefore we can't know for sure the price level at the moment of the entry or even during the trade. This should not be a problem when calculating the position size since we use a fixed size per trade.

Why do I receive signals for the same pair in opposite directions?

Different strategies may open trades in opposite directions. Eoraptor for instance works on daily data, so it's quite long-term, while Dracoraptor is based on 1-hr charts and will exit trades much sooner. In order to trade the FXS Signals you will need to hedge positions. Make sure your broker or jurisdiction allows hedging. Moreover, when trading economic events with Microraptor, we may also experience trades in opposite directions. In this case though, the conflicting situation is usually resolved by closing one of the legs.

Do I have to trade all the FXS Signals?

No, you don’t. You are free to select those signals you want to execute on your trading platform. Bear in mind though, by doing this your performance will be different from ours. We also recommend never go all-in with just one or two trades. Betting the farm on just a couple trades puts you in a weak situation, very exposed to noise and chaos. Instead, building positions with multiples trades allows you to concentrate more on the money and risk management than having to babysit each single trade.

I’m following all your signals but my performance is different from yours. Why?

Depending on when you joined the service your individual performance may be different from ours. The reason is quite simple: a little less than 10% of our trades are held for weeks if not months. They condition the performance of the equity. In some cases, a new user might find he or she is not making money because his or her portfolio is still different from ours. On the other hand, when our equity suffers but the balance grows, recent users will make money while older ones (and ourselves) will lose.

Do you have a track record?

In order to see our entire track record, there is a real account.

Is there performance data relating to each of the strategies?

We are currently working on displaying the statistical data for each individualized strategy.

How do I know when new signals are issued?

The signals are posted in real-time on the Insights messaging tool on the Signals page.

How can I execute the FXS Signals?

Once you receive the signal either through the Insights messaging tool or through the app or any device notifications, you can enter or exit the trade manually on the trading platform of your choice. We periodically inform our users on the number of open trades, the overall exposure, and the level of leverage, so you can check with your own account.

Can I get the signals in my email?

In our premium Signals service, you will receive the signal either through the Insights messaging tool on our Signals page or through the app or through the custom device notifications, but we don’t send emails to notificate them.

Why have you renewed my subscription?

As we informe during the payment process, the subscriptions will be automatically renewed on a monthly basis. You can cancel your subscription anytime.

How can I unsubscribe from the premium service?

You can unsubscribe from our premium service whenever you want through your Stripe or Paypal account by canceling the recurring payments. You can also unsubscribe through your FXStreet profile following these steps:
1. Go to "My profile" clicking on your nickname ( upper right corner of FXStreet homepage)
2. Then click on "Manage your subscription"
3. Select the option "Cancel your subscription" and accept

Do you offer copy trading?

No, we don't have a copy trade service to offer at the moment.

What time zone corresponds to the time showing in the signals?

The signals' execution time zone is set to UTC.

Can I get the signals in the FXStreet app?

In our premium Signals service, you can receive the signal through the app. You can download the app in Apple Store and Google Play.

What can I see in the Insights messaging tool?

In our premium Signals service, you can receive all our signals in real-time accompanied with a daily specialized analysis and market reports provided by our FXS experts.

Read here FXS Signals Terms & Conditions.