Line in the Sand | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
2) Go long above S/R and short below S/R.
3) Always work backwards and record how much it cost you.
4) Profit at twice the cost or until the account equity loses 1%.
You will find that volatile markets work best, with prices moving in one direction or the other. The goal is to choose the price point with the least retracement. The price vector has either a positive slope or a negative slope that is greater than flat on the intraday timeframe.
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Line in the Sand | Foreign Exchange EA Download - MT4/MT5 Resource Usage and Screening Suggestions
Line in the Sand | Foreign exchange EA download-MT4/MT5 resources are MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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