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Pipboxer Visual Aids PDF Print E-mail
Wednesday, 12 March 2008

PipBoxer uses some visual tools to show you the result of its analysis. The visual aids help you to have a better understanding of the PipBoxer movements and decide whether you want to let it trade for the day or not. There are three possible situations:

 

 

 

No Trades Today

If you see the peach box on the chart but there is no other visual elements on the chart this means that PipBoxer has analyzed the market but has decided not to enter any trades for the rest of the day. See the image.

PipBoxer No Trades Condition

 

Long Trades

If you see the peach box, a green up arrow, and a green stripe then PipBoxer will enter a long trade if the Ask price falls into the green stripe. The length of the green stripe shows the approximate validity of the anlysis. See the image.

PipBoxer Long Trades Condition

 

Short Trades

If peach box, a red down arrow, and a maroon stripe appears on the chart it is most likely that PipBoxer will enter a short trade. To enter a short trade the Bid price needs to fall into the maroon stripe. The following image gives you a better view of this condition.

PipBoxer Short Trades Condition

 

Some Notes

  • If you do not see the peach box it means that PipBoxer has not analyzed the market for the day. It could be due to the fact that the time of analysis has not come yet. It could also happend because of disconnection from the internet or if you disable your EA.
  • Sometimes the size of the stripes are very small comparing to the size of the peach box. You need to zoom into the chart to see it.
  • The length of the stripe roughly shows the validity of the trade signal. However, it is not precise. In some cases it is longer than the actual time that the trade is valid.
  • If the day ends the trade signal will reset. PipBoxer ignores the signals generated from the previous day.
Last Updated ( Wednesday, 12 March 2008 )
 
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