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Hgtyr PDF
Hgtyr PDF
Vladimir's
sRs Trend Rider
_______________
Frequently Asked Questions
We have assembled for you many questions repeatedly asked by users of
the sRs Trend Rider.
We take our customer care service very seriously and it is important to us
that these questions with our answers will be available to everyone.
1
Table of contents
A quick strategy reminder…………………………..……………………….Page 3
Do I need to understand the background about
EMAs crossovers and the 10000 level?...................................Page 3
Do I need to check that the conditions are met
on a higher timeframe?...........................................................Page 4
What are the recommended currency pairs?..........................Page 4
When can I trade?....................................................................Page 4
What are the recommended timeframes?..............................Page 4
Can I trade a mini account?.....................................................Page 5
What is the suggested leverage?.............................................Page 5
Recommended Stop Loss…………………………………………….……….Page 5
Why did my trade close before reaching SL or TP?.................Page 5
When should I cancel a pending order or market
order if I haven’t placed one yet?............................................Page 6
Technical issues…………………………………………………………….....Pages 6‐7
2
A QUICK REMINDER – STRAEGY RULES:
1. An alert is displayed
2. Make sure human eye rule is met:
‐ For a Buy trade: entry point is above last high in the last uptrend, even if
there has been a higher high before.
‐ For a Sell trade: entry point is below last low in the last downtrend, even
if there has been a lower low before.
*** If last low or high have been broken before you’ve entered the trade ‐
this trade is cancelled! ***
3. Enter the trade and determine Stop Loss.
‐ For a Buy trade: 1 pip below last low.
‐ For a Sell trade: 1 pip above last high.
4. Attach the Trade Management Robot to the chart.
5. The Trade Management will close the trade for you in two parts:
80% of the trade is closed at first take profit target.
20% of the trade is closed at second take profit target.
Q. DO I NEED TO UNDERSTAND THE BACKGROUND ABOUT EMA's,
CROSSOVERS AND THE 10,000 LEVEL?
A. No, sRs template alerts you only if all the conditions are met.
I’ve elaborated on the background for this strategy because I don’t like
“black boxes”.
3
Q. DO I NEED TO CHECK THAT THE CONDITIONS ARE MET ON A HIGHER
TIMEFRAME?
A. No, the sRs Template is checking this automatically: you will receive an
alert only if these conditions are met, both on the chart timeframe you're
looking at, and on one timeframe higher (For example: if you use the H1
timeframe, the template will check the rules on H4 as well, for extra
confirmation).
Q. WHAT ARE THE RECOMMENDED CURRENCIES?
A. sRs works with all currency pairs. The best pair is GBPUSD.
These pairs are also great:
EURJPY
GBPJPY
USDCAD
Note: Trading EURUSD with sRs is not recommended.
Q. WHEN CAN I TRADE?
A. Best times of day (GMT): 5 am to 18 pm.
Alternatively you can trade the American session (from 13:30 GMT, early
morning EST).
Q. WHAT ARE THE RECOMMENDED TIMEFRAMES?
A. sRs works with all timeframes, except for M1 (1‐minute) time frame.
Best timeframes are: M5 M15 and H1 charts.
4
*** Please note: it is better not to trade 5M chart at first till you are used to
the system***
Q. CAN I TRADE ON A MINI ACCOUNT?
A. Yes, suggested account size is minimum 300$. Suggested lot size is
minimum 0.05.
Q. WHAT IS THE SUGGESTED LEVERAGE?
A. It is recommended to start with 1:10 leverage or lower. If you're a
beginner, you should take care to always use low leverage (small lot sizes).
Q. RECOMMENDED STOP LOSS SIZES:
A. If you're trading on M5 time frame, and find the stop loss to be greater
than 50 pips – don't enter the trade! The average stop should be between
25 – 40 pips.
M15 chart‐ don’t risk more than 70 pips.
M30 and H1 charts‐ don’t risk more than 100 pips.
H4 Chart‐ no more than 250 pips risk.
Q. WHY DID MY TRADE CLOSE BEFORE REACHING STOP LOSS OR TAKE
PROFIT?
A. The Trade Management Robot closes a trade if EMAs crossover has
changed its layout, that is to say if market conditions have changed. This is
part of the smart trade and money management system, as explained in
the user guide.
5
Q. WHEN SHOULD I CANCEL A PENDING ORDER OR CANCEL A MARKET
ORDER IF I HAVE NOT PLACED ONE YET?
A. You should cancel a pending order (or not enter a trade) if EMAs
crossover has changed its direction. For example, if you are looking to enter
a Buy trade, and the EMAs are were arranged for a sell setup (as explained
in the user guide).
Also, it is recommended to cancel the pending order if it was not executed
within 4 bars.
TECHNICAL ISSUES
Q. THE TRADE MANAGEMENT ROBOT DOES NOT WORK
A. If you've followed the instructions in the user guide to the letter, and still
the Trade management EA doesn't work, then the problem is connected
with your broker.
You should contact your broker and ask them to allow (enable) using Expert
Advisors on your account.
Q. THE ALERT DOESN’T SOUND ON MY METATRADER
A. Open Metatrader‐‐‐ Tools‐‐Options‐‐‐Events‐‐‐make sure that the enable
box is checked. Now scroll down to Alert. If you see a red cross next to
"Alert", double click it to make it disappear.
Q. I DO NOT RECEIVE ALERTS
A. This might be due to two reasons:
1. Please go to tools‐‐‐ options‐‐‐ expert advisors and check the 4 main
boxes.
6
2. If the four main boxes are checked, please right click on sRs Trade
Manangement Robot under the Navigator window and make sure that
settings are as in pages 65 and 66 on the user guide.
If this doesn't help you should reinstall sRs.
Q. THE TRADE MANAGEMENT ROBOT FAILS TO MANAGE MY TRADE; AN
ERROR MESSAGE APPEARS WHEN I ATTACH IT TO THE CHART, ETC.,
A. The trade size you’ve opened is the minimal trade size allowed by your
broker, or 20% of it (second part of the trade) is smaller than the minimal
allowed trade size.
For example, if minimal allowed trade is 0.02 lot, the smallest trade size you
can open is 0.1 lot:
0.1*80%= 0.08 lot.
0.1*20%= 0.02 lot.
Thank you for reading the frequently asked questions, and good luck with
your trading!
Regards
Vladimir and the sRs Trend Rider Team