Smart Squared!

[SmartTrader]

Hi
I am pleased that you have bounced back and the signal is doing well.

However, I just have an issue with the many trade modifications which I think does not serve any real purpose as take profit is sometimes modified for as little as 0.1 pips. I think if TP is adjusted by a few pips I can understand but for less than 1 pip is really quite puzzling.
As I believe many subscribers turn on trade notifications to let us know when trades are executed but the constant trade notifications is making it quite a nuisance as we keep getting alerts.
I don't see the rationale for make such small adjustments to TP.
I have mentioned about this before and you said you will look into it but it has been a couple of months since and I think modifications has gotten more frequent.

Can you please look into this or you can help explain why there is a need to keep adjusting TP at such small intervals.

Thanks.

There are 3 types of TP changes.
1. the default 20 pips (you might see this as 21.1 pips or so but that is adding the commission expenses and swaps etc)
2. 5 Pips + expense pips
3. Break even (1 pip + expenses)

Some times TPs will switch between the above 3 options depending on changing market conditions. e.g. From 20 to breakeven and later to 5 pips and to break even again and so on. These are unavoidable. But the issue you mentioned, i will look in to it and provide you updates in a week.

[Big River Man]

Hi
I am pleased that you have bounced back and the signal is doing well.

However, I just have an issue with the many trade modifications which I think does not serve any real purpose as take profit is sometimes modified for as little as 0.1 pips. I think if TP is adjusted by a few pips I can understand but for less than 1 pip is really quite puzzling.
As I believe many subscribers turn on trade notifications to let us know when trades are executed but the constant trade notifications is making it quite a nuisance as we keep getting alerts.
I don't see the rationale for make such small adjustments to TP.
I have mentioned about this before and you said you will look into it but it has been a couple of months since and I think modifications has gotten more frequent.

Can you please look into this or you can help explain why there is a need to keep adjusting TP at such small intervals.

Thanks.

Seriously mate just turn off the notifications.

[Hansen]

Seriously mate just turn off the notifications.

i agree with BRM. just turn off the notifications

[SmartTrader]

Hey Guys, we have booked profit on the EURCAD trade today. Good start for the week. We currently have 4.4% for this month. we started 2016 on a good note.

I am looking to trade some JPY pairs on the smarttrader side of this signal.

[Nick]

Hey Guys, we have booked profit on the EURCAD trade today. Good start for the week. We currently have 4.4% for this month. we started 2016 on a good note.

I am looking to trade some JPY pairs on the smarttrader side of this signal.

Yeah, you're killing it among all this global uncertainty. Nice job

[hking]

Hi

I believe some subscribers have more than 1 EA or trade running on that account. Hence, they will need the notifications.
But what purpose does it serve to change TP for less than 1 pip?
It will be great if you can give us some insights.

I don't mean to offend or what. But if something can be improved without impacting the results, it will be better for all.

[dupapa]

Cannot agree more BRM, Turn of notifications instead of getting signal modified

Sent from my SM-N910F using Tapatalk

[taruh]

Please refrain from pressuring Vijay into modifying the signal for the sake of notifications.

Sent from my SM-G920F using Tapatalk

[saint023]

If you're trying to follow multiple signals, use MyFxBook and have the trade copier add a Trade Comment such as 'S2' in the Advanced Settings section. You can then sort by the comment in MyFxBook.

Only manual additions you need to do in MyFxBook is if there is a partial close which mainly happens with Steady Capture.

[SmartTrader]

Hey Guys,

I have closed the CADJPY trade for +35 pips. Even though i still think CADJPY can fetch more than 35 pips, i closed that trade considering tomorrows news. The expectation is there will be a rate cut. I will probably trade CADJPY tomorrow.

Be safe

[t_willy]

Hey Guys,

I have closed the CADJPY trade for +35 pips. Even though i still think CADJPY can fetch more than 35 pips, i closed that trade considering tomorrows news. The expectation is there will be a rate cut. I will probably trade CADJPY tomorrow.

Be safe

Great trade and smart move Vijay. I live in Canada and tomorrow's decision will be interesting. A lot of major CDN economists are expecting a cut, but others are cautioning due to the potential further negative impact on the exchange rate and subsequent stoking of inflation. This is due to the fact that a lot of stuff we buy (food especially) originates in USD. In addition fears of further stoking the housing bubble.

[KGB]

Great trading Vijay!

[BMM]

Hi

I believe some subscribers have more than 1 EA or trade running on that account. Hence, they will need the notifications.
But what purpose does it serve to change TP for less than 1 pip?
It will be great if you can give us some insights.

I don't mean to offend or what. But if something can be improved without impacting the results, it will be better for all.

please don't bother Vijay with silly requests. Turn off notifications and let him trade

[alazarus]

I get the feeling that smart2 may not be best placed to handle the higher degree of volatility we're experiencing in the stock market. Seeing how the jpy movements are tied to stock movements this leaves the EA open for equity drawdown...the jpy does not function like other pairs (based on carry trades). Also add to the fact the risk of potential additional QE on JPY and EUR and you have added risk. There are very few EA's at the moment (other than volatility break out EAs) that are doing well due to this shift in the fundamental movement of forex pairs. In other words certain currency pairs are acting outside their normal behaviour or range of movements - which is why we have seen RSI of 15 on daily GBP/USD and 80+ on USD/CAD. These black swan movements will get more frequent - which means most EA's are likely to fail more often.

[alazarus]

I would advise those using Smart Squared to disable JPY pairs (due to carry trades and stock market movements) and possibly CAD pairs due to rapid oil fluctuations.