SwingPRO: Walk-Through and Setup

Forex Swing Trading with PipHut just got even easier with this video on how to easily setup and access SwingPRO.

SwingPRO Frequently Asked Questions

SwingPRO Signals

How is your “signals membership” better than my broker’s signals?

Brokers are out to make money - as much money as possible and as quickly as possible either for quarterly reports to shareholders or before any changes in regulation. 3rd party services that work directly with brokers are paid on a "per lot traded" basis - not on how profitable they are. Therefore their financial motivation is, again, to get you trading as much as possible.

PipHut is different. We don't work directly with any brokers, and we don't get paid any commissions on your trades. Our only goal is to make you a better trader, month-after-month, and to give you profit along the way while you learn the ropes of SwingPRO and CandlePRO trading strategies.

What currency pairs do you offer?

We currently offer CandlePRO and SwingPRO with EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCHF.

What if a two break alerts occur for the same pair?

Occasionally we will lookout for a breakout in either direction of a consolidation pattern and, through market volatility a breakout in both directions occurs. If the first trade is still open then we "close and reverse" our setups.

SwingPRO, new to version 3.0, will now alert you that we have closed and reversed with specific levels.

What is a proximity alert?

A support/resistance (S/R) proximity lets us know that price is getting close to a resistance line. Since we trade resistance breakouts (which are 20 pips beyond the proximity alert) this is an optional "heads-up" alert for SwingPRO.

Read more about S/R breaks and proximity alerts.

Here is an example proximity alert:

Proximity Alert!
***************

Message: GBPUSD is approaching our resistance(currently @ 1.56977). We will get long if price moves 10 pips past our resistance.

Alert Time: 2013-06-13 13:46:46

Why wasn’t a break alert sent out?

Usually this is a spam filter problem but if you are sure your alerts are working properly and that no alert was actually sent out when a break occurred then this could be an intentional non-signal. SwingPRO uses real-time intelligence to gauge the strength of the break and, if the break doesn't meet some minimum strength requirements no break alert is sent out.

This is just another way that we keep our losses small (in addition to our False Break Alert System), and only take high-probability setups. Contact support@piphut.com to make sure.

What is a false break?

False break alerts are the best way to minimize your losses when swing trading.

Our "false break" rule can be understood as "if our trade is in the negative when the entry candle closes it is a false break". For example if we enter short @ 1.25 at 11:32, then at 12:00 (when entry candle closes, in this case the 4h entry candle opened at 8:00) price is above 1.25 then it is a false break.

PipHut PRO automatically detects and alerts you when false breaks occur. To make sure your false break alerts are active check the false break alert checkbox as shown in the screenshot below. This checkbox can be found on the "Settings" tab of your PRO Dashboard.

Here is an example of a false break alert:

GBPUSD Update: We are closing our long on the false break alert at 1.56968 for -11.7 pips.

Trade Details
Open Time: 2013-06-13 15:04:12
Open Price: 1.57085

Do your signals include Entry/TP/SL info?

Yes (new to version 3.0).

Here is an example:

USDJPY We have opened a short @ 98.771

Trade Details
Open Time: 2013-06-06 14:45:48
Open Price: 98.771
Take-Profit: 98.169
Stop-Loss: 99.169

What time of day do SwingPRO signals come out?

Daily Analysis and forecasts come out between 6a-8a UTC Monday through Friday - so before or early trading hours of London session.

This can flucuate slightly depending on market conditions (e.g. if there are no good setups during initial analysis or there is too much volatility) then we occasionally do an "intraday update" so that the whole trading day is not lost.

Entry signals for SwingPRO can come out any time of the day, but generally occur during the high volume London session. We also offer the SMS and smartphone integration for our signals so you don't have to miss any trades.

What timeframe / timezone charts do you use?

All charts on PipHut are 4h charts from the UTC (gmt+0) timezone. We find the 4h timeframe is large enough to provide the reliability of long-term charts while giving us more entries than the daily or weekly charts, for example.


SMS Alerts

How do I setup SMS alerts?

To set up SMS alerts, you just need to find your SMS gateway address, which typically takes the form of yournumber@cellco.com. Read our How to Setup SMS Alerts" guide.

If for some reason you cannot find your carrier here is an alternative for smartphone users, with desktop alerts.

I can’t find my carrier on the list!

Our list is by no means complete - there are thousands (if not more) of cell carriers around the globe and our list is just a sample of the largest ones. The easiest way to determine what your particular SMS gateway is to contact their customer support.

We can send an email to your cell company on your behalf, and will let you know if we hear back from them, but our history with contacting mobile phone providers is very poor in terms of response rates. We've seen the best response times/service if you contact them directly, to see if they both offer this service (email-to-sms), and then how to set it up (what you're email-to-sms address is & if there is any setup required).

Each carrier has slightly different rules and some require you to turn on the feature.

If for some reason you cannot find your carrier there is an alternative for smartphone users here.

Is there an SMS alernative for smartphones?

Yes! If for some reason you cannot find your carrier there is an alternative for smartphone users:
http://piphut.com/help/smartphone/

This can also allow you to bypass any charges that you may incur for incoming text messages - check with your carrier for more details.

Do SMS alerts cost anything?

We do not charge you for SMS alerts - it is an included service with your membership - but your carrier may still have a general charge for incoming text messages. This depends on your cellphone plan and your carrier.

If you have a smartphone you can usually bypass these charges with our smartphone/gmail alternative.

General Questions

How is your “signals membership” better than my broker’s signals?

Brokers are out to make money - as much money as possible and as quickly as possible either for quarterly reports to shareholders or before any changes in regulation. 3rd party services that work directly with brokers are paid on a "per lot traded" basis - not on how profitable they are. Therefore their financial motivation is, again, to get you trading as much as possible.

PipHut is different. We don't work directly with any brokers, and we don't get paid any commissions on your trades. Our only goal is to make you a better trader, month-after-month, and to give you profit along the way while you learn the ropes of SwingPRO and CandlePRO trading strategies.

What currency pairs do you offer?

We currently offer CandlePRO and SwingPRO with EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCHF.

Do you have “trade copier” or “trade duplicator” software?

No. There is a lot of risk for you to allow an open connection to your trading platform, even if you trust the third party. It is akin to leaving your front door unlocked.

We do have very easy to follow signals. Most importantly, our swing system - which you learn for life - is profitable and proven.

Why do your charts look different than mine?

All charts on PipHut use a UTC (GMT+0) timezone. Many retail brokers use a GMT+1, +2 or +3 timezone and this causes the high, low, open, close to be off for larger timeframes.

Don't worry - the data is the same and you can still use our charts; if you want to be able to use UTC+0 charts too then there are plenty of brokers out there who offer free UTC+0 timeframe MT4 demo accounts.

Do you offer a free trial?

We do not offer a free trial currently, but our monthly plans have no long term commitments so if you are not completely satisfied then just email us any time before your next bill date and we will cancel your membership. Since we still have customers from our initial launch in 2008 we are sure you will find our services profitable and strive every month for your satisfaction.

If you have any questions prior to signing up that aren't covered in this FAQ we are always available to answer your questions at support@piphut.com.

What timeframe / timezone charts do you use?

All charts on PipHut are 4h charts from the UTC (gmt+0) timezone. We find the 4h timeframe is large enough to provide the reliability of long-term charts while giving us more entries than the daily or weekly charts, for example.


Billing Questions

How do I upgrade my account?

To upgrade your account (e.g. from monthly to quarterly) simply login to your PipHut account, visit the pricing page and sign with the pricing plan you want. After signup is complete your account has been upgraded, just send us an email at support@piphut.com to make sure billing has been stopped on your old plan.

How do I cancel my subscription?

Cancelling is easy. Just send us an email at support@piphut.com and we will immediately cancel it for you, no questions asked.