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Buy trading rules (3-bar signal)

We're waiting for the upward blue arrow and the blue band to appear. When the arrow appears (there will be an alert), we check the strength of the trend in the upper right corner.
The perfect situation (buy signal) is three blue bars, which tells us that the signal is strong and in line with the main trend.

When an opposite signal appears (red downward arrow and red band), the trade should be closed.

Do the opposite of this for a sell trade

Buy trading rules (1-2 medium/weak signals).

FX VENOM PRO may also generate riskier signals. For example, when a signal is generated, the time frame is trending higher.
How to identify such signals? It's simple, when a buy signal is generated you will see that not all the bars on the dashboard are blue.

The exit rules are the same as for the 3-bar signal ➡ Close the trade when the red downward arrow appears.

Trades with only 1-2 blue bars (indicating buy signals) are not always losing money, they are just riskier.
Even the major trends on the highest time frames have to reverse somewhere, maybe right now.
If you decide to trade with only 1-2 bar confirmations, use smaller lot sizes. You can also set a stricter SL.
We can also notice in the example above that the trade generated a small number of pips (this could just be a retracement of the higher trend).

Do the opposite of this for a sell trade

The order's stop loss should be set at the last swing high (for a sell trade) or the last swing low (for a buy trade) or the nearest support/resistance level (in the case of a close).

Open orders that generate profits can be obtained through BE orders. For example, if your trade generates 1R profit and the price movement is very dynamic, you can use a BE order, which will secure the trade if the price reverses.

A handful of advice

• First look for 3 bar signals. If you have a favorite trading pair (e.g. EURUSD or GBPUSD) and you cannot get the 3-bar signal for a long time, check the 2-bar signal confirmation. 1-bar signal confirmation is the riskiest. Usually, it's better to look for signals on other pairs.
• Browse the economic news calendar before trading each day. If there is important "red" news, it is best to wait until the news is announced.
• Don't worry if the colored bars on the trend dashboard turn opposite during trading. Every signal requires some space and can be called back. Wait for the opposite signal to exit.
• Pay special attention to the days of the calendar with the most important news, such as nonfarm payrolls, ECB press conferences, and the Federal Open Market Committee. This news is critical to the market, and sometimes investors wait on the sidelines for the news to be announced.
• Don't worry if you're late for the signal. It is better to wait for another trade than to enter a trade that has been in progress for a long time and is likely to be reversed.
• As is the case with any system, trading during "dead" times (after the end of the EU trading session or bank holidays) is not recommended.
• Trades should be well thought out and our entries supported by at least simple analysis. Note the recent support and resistance areas.
• I recommend that you trade on a demo account on your first day using the FX VENOM PRO system to get used to its principles, understand how it works and how to use it correctly.