1. What strategy do you use to generate the signals you release?
Our trading system follows bank flows in determining profitable trade positions. We take trades based on the Yearly, Monthly and Weekly pivots, while doing our analysis on the daily charts and excuting off the daliy charts and at best the hourlies. While we respect indicators, we classify them as lagging but rather we trade using PURE PRICE ACTION with resistance and support points in mind. We have two teams, one of them concentrating on Fundamental analysis and the other one on Technical Analysis. We only give out a signal when there is an agreement between the two teams. With regards to fundamentals we use News Analysis, COT reports, and the over 54 economic reports that might affect market sentiment and direction.
2. How long have your service been in existence?
Since April 2006. Our signals until December 2008 was sent out on private recommendations only.
3. What time does your signals come out?
Signals are sent daily between 2AM USD EST and 6PM USD EST
4. Do you offer a free trial?
Unfortunately we do not offer free trials. This is because of the dishonesty of re trialists who keep asking for free trials using different emails.
5. What pairs do you trade?
We trade EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, EUR/JPY, GBP/JPY, AUD/USD, EUR/AUD.
6. Should I open a demo account first?
We definitely recommend opening a demo account first so you get comfortable with our strategy and its psychology.
7. How long do you hold your positions for?
Usually, we hold our positions for less than 24 hours, but if the market is really quiet we might hold the position into the next day.
8. Will my results mirror your results?
Yes, but you will need to follow our plan. Also as execution costs and slippage vary from broker to broker, slight differences may exist.
9. What does EP, SL and TP mean?
EP means entry point, SL means Stop Loss and TP means Take profit.
10. What is a Stop Loss order?
An order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a security position. Also known as a "stop order" or "stop-market order".
11. What is a Take Profit order?
An order that specifies the exact rate or number of pips from the current price point where to close out an open position for a profit.
12. When we trade what % of my account should i expose?
This is a personal decision. However we suggest never to use more than 5 - 10% of you account in any one trade.
13. How many pips do you use in your Stop Loss?
Stop Loss pips are determined according to market conditions. In most cases our SL falls between 25 - 30pips.
14. What are your reward potential or take profits?
Again market conditions determine most of our trades. Specifically our TP ranges from 40pips to 200pips.
15. Do you offer different pairs for platinum, Bronze, Silver and Gold members?
No. All members get the same trade signals. The difference however is in the duration of their signal service and the various discounts associated with the chosen package.
16. How many trades can i expect in a month?
From 8 - 20. Please note, we do not trade when conditions are not met to protect you.
17. Are the signals "set and forget" or do i need to monitor the markets all day?
Yes, the signals are set and forget. in fact you would have peace of mind trading with us. You do not need to monitor the market like a hawk, we would do that for you and send you periodical updates as deem necessary.
18. What are pending orders?
Pending orders are delayed orders waiting to be triggered only when price hits it. Pending orders are classified into 4 categories: BUY LIMIT, BUY STOP, SELL STOP and SELL LIMIT.
19. What does BUY LIMIT and BUY STOP mean?
BUY LIMIT occurs when your pending order price is above the current market price, while BUY STOP is the converse. The same applies to SELL STOP and SELL LIMIT.
20. What defines you trade signals?
At BIGDOGSFOREX we deploy strong risk/reward measures while we take emotions out of our trade. We integrate discipline and patience in all our trades to ensure you can go to bed trading with peace of mind. For transparency, our signals are verified by Collective2.com