These trading signals are designed for daily trade in the forex market, in
particular, on the EUR/USD currency pair. The signals are generated by the
trading system which uses an algorithm based on a mathematical analysis of the
market's turning points. At the beginning of the European session the system
determines the day's extremum and provides a forecast of the trend direction until the close of the market. Hence the name of the signal – MDF or the Market Direction Forecast.
By scanning all time periods (from 5 minutes up to a week) at the time
of issuing the forecast, the use of MDF signals often allows us to determine
both the day's extremum, and the global pivot point, which significantly reduces the risk of margin trading.
The trading signals may be of interest for forex end of day traders (in-average 300-500 pips per month), and for
binary options traders (about 80% of correct predictions). The price for the signal may be attractive to medium and large traders or investors in the forex market.
One may say these signals are a “two in one product”. The WPTF trading signals include weekly
price targets forecast (hence the name of the signals) and the forecast of a potential reversal
point - a reversal signal. The forecasts generated are based on a mathematical analysis of
the market's turning points.
The trading signals are sent once a week in a graphical format as a snapshot of the EUR/USD
daily chart with the specified price targets and the reversal signal on it.
Although WPTF signals’ concept implies that the market is moving between
opposite reversal signals, the presence of price targets allows the trader to
assess the magnitude of potential profits. If the market moves against the
predicted reversal level, the system accurately calculates a
possible maximum "drawdown" which allows the trader to assess risks or to apply
the pyramiding tactic.
Briefly, these trading signals are designed for break-even and profitable trade in the
position trading and swing trading style.