BB & Candles - 15 min (BB & Candles - 15 min) - MT4/MT5 Resources
Less is more.
Clear charts based on price action and bb bands.
Look for pullbacks.
They can be spotted when after a good run one candle closes outside the bb and the next candle closes inside.
TP 20, SP 20
There is a divergence from MACD Baseline 1, which means the trend is weakening.
A divergence is not necessarily required for entry, but can indicate the strength of a pullback, perhaps a reversal.
Trading example - I don't plan to stay 20 forever. At least for some points, this is a high probability of a successful strategy.
Park there in case of emergency.
The bright colored horizontal lines at the bottom show the market open and close.
MACD calculation in mt4 is incorrect. Not sure why they don't fix it.
Training2.mq4 is a simulator specialist.
Clear charts based on price action and bb bands.
Look for pullbacks.
They can be spotted when after a good run one candle closes outside the bb and the next candle closes inside.
TP 20, SP 20
There is a divergence from MACD Baseline 1, which means the trend is weakening.
A divergence is not necessarily required for entry, but can indicate the strength of a pullback, perhaps a reversal.
Trading example - I don't plan to stay 20 forever. At least for some points, this is a high probability of a successful strategy.
Park there in case of emergency.
The bright colored horizontal lines at the bottom show the market open and close.
MACD calculation in mt4 is incorrect. Not sure why they don't fix it.
Training2.mq4 is a simulator specialist.
Original post attachment (5)
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