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
The main task of the panel is to simplify and speed up the making of wave and technical analysis. The panel is presented in two versions – for the fourth and fifth versions of the MetaTrader trading terminal. Before you start using it, it is recommended to download and install a special wave font with
To test the EA: 1: Download the setfiles here: https://www.mql5.com/en/blogs/post/753774 2: Load the setfile you want to use. 3a: In the user inputs menu, write the ticker for AUDCAD in the input called “Symbol traded”(the second input from top in the menu). On most brokers the ticker is AUDCAD, but some brokers use suffixes, for example
The AskUP_Range, AskDOWN_Range, BidUP_Range, BidDOWN_Range settings are designed to allow the advisor to use the absolute minimum of PENDING orders in order to support trading grids with any number of MARKET positions that the broker allows. Using these settings enables the so-called PHANTOM mode, when it is not at all necessary to immediately spread out
Greetings, dear customers. The purpose of this post is to assist you in setting up the Raw Scalper EA, providing a brief breakdown of the input parameters and overall functionalities. It will be as straightforward as possible, so without further ado, let’s get to it. 1. How to set up the expert advisor? 1.1 Simply
MEASURING VOLATILITY: TALKING POINTS Volatility is the measurement of price variations over a specified period of time. To measure volatility, the Average True Range (ATR) and Volatility Pro indicators are used. Technical Analysis can bring a significant amount of value to a trader. While no indicator or set of indicators will perfectly predict the future, traders can use historical
Here is the explanation of the strategy used by the BotGPT expert advisor BotGPT seeks to exploit trends as well as pullbacks. For this he uses a set of 2 trades which are called : – Trade A for first – Trade B for the second Trade A : is the most often used, it is
When I began to study Bill Williams’ Profitunity system, I came to the conclusion that the standard indicators of the system (Fractal and Alligator), although good at fulfilling their goals, had great potential for improvement. The problem is that if you trade Profitunity, then it is almost impossible to use any other system without cluttering
Binance Futures Free Demo Data for MT5 (15 days) from 1/oct/2023 to 15/oct/2023 Historical 1min OHLC Data for testing your setups on 207 total symbols. How to use this data? 1. Import Symbols – https://www.mql5.com/en/blogs/post/754520 2. Extract history zip files to your Data folder Location C:\Users\<your username>\AppData\Roaming\MetaQuotes\Terminal\<your id>\bases\Custom\history 3. Restart MT5 and select symbols such
