Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 16 to 20, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and H4
UPCOMING EVENTS: Tuesday: AU-JP-EZ-UK-US PMIs, UK Unemployment Rate. Wednesday: Australia CPI, German IFO, BoC Policy Decision. Thursday: ECB Policy Decision, US Durable Goods, US GDP Q3, US Jobless Claims. Friday: Tokyo CPI, Australia PPI, US Core PCE. Tuesday The ONS last week published only the figures on the workers’ earnings, vacancies and real time information
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick
Middle East conflict developments, inflation updates and interest rate expectations continued to dominate the markets this week. These themes and other drivers prompted no sight of the usual risk behaviors and correlations between the major asset classes. Notable News & Economic Updates: 🟢 Broad Market Risk-on Arguments China conducted MLF operations that put a net
Config Sets for Double MACD Scalper v1.0 (MT4/MT5) These Config Set Files are based on optimization conducted on the symbol with the following settings parameteres: TimeFrame: M15 Data Model: Every Tick Based on real Ticks (NOT OHLC, with this we strive to make the data quality as close to real therefore we dont use OHLC)
EUR/USD: No Interest Rate Hikes from the Fed and ECB in the Near Future? ● Starting from the last days of September, the U.S. Dollar Index (DXY) has been trading within a sideways channel. Macroeconomic data released last week did not provide a clear advantage to either the U.S. or the European currency. On Tuesday,
Inflation expectations, bond yields, and the Israel-Hamas war dominated headlines once again. But we also saw plenty of other headlines from around the globe shake up how traders were pricing in forex sentiment this week. What were the headlines and drivers, and who among the majors came out on top? USD Pairs Overlay of USD
Introduction Step 1: Selecting Factions Step 2: Selecting Position Step 3: Confirming Candlestick Signals Conclusion Welcome to a simplified Forex trading approach — the Price Action strategy. This method centers on reading candlestick patterns for efficient and precise trade entries. All products related to this strategy can be found in the MQL5 marketplace. Let’s dive in.
https://www.mql5.com/en/market/product/107257 Introducing the “Ultimate Prop Trader,” a game-changing proprietary trading strategy meticulously designed to elevate prop trading firms to new heights of performance and flexibility. Key Features: Versatile Symbol and Timeframe Compatibility: Trade any symbol and choose any timeframe with the “Ultimate Prop Trader.” This remarkable adaptability ensures you can diversify your trading portfolio and seize
