HOW-TO The Pip offset to use with Forex trade entries

14 Jan 2021

In this help Tutorial we take a look at the Pip offset to use in the MTPredictor Trade (and Advanced) Setups Scripts.

With Forex, and particularly with shorter term Forex, it is a good idea to give the Trade a bit more "wiggle room". For this we suggest increasing the trade entry Pip offset to 2 Pips, and the Stop Pip offset to 3 Pips. Please see the Video.

This just gives a little more wiggle room on the entry and particularly on the Stop level to help avoid being stopped out inadvertently.

Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.