We are often asked how long a trade will take before it hits the target (Take Profit / TP) set in the trade signal. While we are still working on algorithms to get an exact time expectation for every ...
risk management
Why are you using a demo account?
We use demo accounts to submit a large numbers of high probability signals through the pelican app. We need to supply multiple signals to followers on a daily basis and can’t therefore apply our...
What is Countertrading
We use the term countertrade / counter trading / counter trade to describe a signal in contradiction (opposite direction) to a previously given signal. As we DO NOT use a stop loss (SL) per position w...
Understanding hedging
Hedging is a way to reduce the amount of loss you would incur if something unexpected happened. With respect to our signals if you intent to protect an existing position from an unwanted move in the o...
Spreading risks
Spreading risk in your account does not guarantee against a loss, but diversification is an important component to help you minimize equity drawdown and reduce systematic and single sided risk. Always...
Minimum account balance
The minimum initial deposit to successfully follow our trades should be around 10’000 £/$/€. Most of our followers deposit a multiple of this. We strongly believe that proper funding is part ...
What is risk management
To minimize the likelihood of a financial loss, each investor needs to have some risk management strategy in place . Trading is about managing probabilities. Using our signals will give you a very hi...
What is money management
Successful trading will by definition have a positive expectation. But what does this mean? It means that in the long run, S1X Financial trading system will make money. It does not mean you will win e...
Basic requirements
You need to have successfully traded your demo account for at least one month You need to have your money management and risk management strategy in place Fully understand how to follow S1X trading si...
With regard to risk management what account size do you recommend, as a minimum, for clients following you via your Pelican group?
Everybody must do his or her own risk management especially since we DO NOT provide/use any SL and we do not know the client’s available account equity. We merely suggest that new students/clients t...