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The S&P 500 and Nasdaq Composite ended Thursday with small losses ahead of a major jobs report, retreating from record highs hit the day before. The Dow, however, edged up slightly...
n modern trading, there are different types of levels that traders use as reference points on price and time charts. Let's explore some of these levels: Horizontal Levels: Horizontal lines on a chart represent price levels...
In my morning forecast, I drew attention to the level of 1.2779 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and see what happened...
1. Introduction -What is EA and how does it work: An Expert Advisor (EA) is an automated trading software used to monitor and execute trades in the Forex market without human intervention...
Why Trading Patterns will Kill You Softly Trading patterns may seem like a reliable way to make profits, but they can be deceptive. When these patterns disappear, they often don't return quickly, sucking money from your account and eroding your confidence...
Introduction The Monte Carlo method is one of the gambling system betting techniques, and it is a "casino strategy" that has a legend that it destroyed a land-based casino in Monte Carlo, Monaco...
In the fast-paced world of trading, efficiency and precision are paramount. Introducing Trade Board , the professional trade assistant designed specifically for MetaTrader 4 and MetaTrader 5 platforms...
The Dow Jones Transportation Average (.DJT) is down about 5% this year, in stark contrast to the S&P 500's (.SPX) 9% year-to-date gain and the Dow Jones Industrial Average's (.DJI) 1% gain, which topped 40,000 for the first time this month...
During this week EA made 6 trades on the account of Prop Firm FTMO, and all 6 were profitable. The total profit of the EA was $3,469, which is 3.4% to the deposit for the week. To complete the Prop Firm Challenge, your profitability must be 10%. To do this, you need to have 2...
What is Monte Carlo Method The Monte Carlo method is a popular betting strategy that uses probability and statistical models to make informed betting decisions...
How to set Labouchere System EA This is an EA that operates 6 logics (TYPE A to TYPE F) on multiple currency pairs. So it needs to be applied to 19 charts. The setting method is described below. １．Setting method of TYPE Please set each EA to the following currency pairs and time frames...
The brokerage company NordFX has summarized the trading results of its clients for May 2024. The performance of social trading services, PAMM and CopyTrading, as well as the profit earned by the company's IB partners were also evaluated...
Introducing the first forex advisor using AI with GPT-4o that actually applies it in trading, not just in words. I'd like to write a little more detail about what the GPT-4o model includes. GPT-4o: next-generation AI The main event of the day was the announcement of the new flagship model GPT-4o...
DON’T DO THIS MISTAKE IN BACKTESTING! (Foreword: if you like this post please consider to have a look at my profile: About Me ) When you backtest an expert advisor in strategy testing, the broker calls the data from its servers. This part is a little bit tricky...
EUR/USD: Awaiting a Turbulent Week ● Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0...
Top 10 Expert Advisors in the market - which of them will keep it up in June 2024? First and foremost, a number of rules to define a good strategy: Diversification. A good strategy should be able to trade many symbols...
Hi, This EA use price action for the strategy. Recommend using M15 Time Frame My recommendation broker : Tickmill : https://bit.ly/ProTickmill Icmarkets : https://bit.ly/RawICMarkets TradingPro : https://bit.ly/ScalpXTradingPro FusionMarket : https://bit.ly/RegFusion FBS : https://bit...
Hi everyone, In this short blog post, I want to describe how the CLS Algorhytm and company operate. I have mapped their institutional operations and added it all to the ICT Template . After watching this video you will have basics for the your day trading strategy...
Russia and China can withdraw their financial operations from the influence of the West. The countries are able to develop independent transaction mechanisms among themselves. For example, through regional banks, sanctions against which do not interfere with their work...
On Tuesday, the Nasdaq hit 17,000 for the first time on strong gains in Nvidia shares, while the S&P 500 ended slightly higher and the Dow Jones Industrial Average fell as Treasury yields rose. Shares of Nvidia (NVDA...
