Recently I came across an interesting indicator. The hypothesis behind this indicator is that the structure of the market repeats and reflects itself. One of such examples of repeating structure can be Eliot Waves structure.
Have you ever tried to base your trading on Eliot waves? If you are not an expert in Eliot waves probably [...]
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I’ve been playing with the FAP TURBO EA for couple of month by now and I think I have interesting results to share. There is a great tool in Metatrader 4 toolbox that can help you to plot the channel the right way. This tool is called Channel of Linear Regression. Why do I like this tool? Because it will always plot the same channel between tow points on the same time span. So do your analysis as best as you can. Define the entry points. Define the stop loss and take profit levels. Calculate the position size and risk. Once the price comes to the entry point, execute the trade. Then leave it to mature. Go do something else. Come back after some time to see the results of your trade. This approach will save you time and psychological energy. Optimization is a process of selecting the EA’s parameters when it gives the best results on the backtest. |
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