Forex Breakouts | Discover How to Trade Forex Breakouts with Peter Bain and Ken Calhoun - In this special training you'll learn these "must- see" Forex trading topics: What you have to know to trade these turbulent markets – what to look for (sense of urgency)Breakout patterns. How to enter and exit a trade – how to know how long to hold a trade How to manage trades. How to manage risk. How to spot trades. How to anticipate profit objective. How to trade top- down. An active forex community with reviews and discussions on the greatest and latest in forex robots, brokers, expert advisors and more. New forex robot testing system.![]()
![]() How to scalp. How to day trade/position trade/scalp. How to know the best times to trade. How to pick pair(s) to trade. How to recognize patterns. How to confirm a good trade. How to scale trades. How to know when not to enter a trade. In this special training, you'll learn these "must- see" Forex trading topics: How to use precision cup pattern forex breakouts to enter your trades. How to combine Average Directional Index (ADX) with 7- day Forex charts. How to avoid false breakouts: charts to avoid. How to use Average Trading Range (ATR) breakout entries. How to set initial and trailing stops for managing risk. How to enter and exit your trades by scaling in and out. ![]() How to use candlestick chart hammers and shooting stars. How to avoid common forex trading mistakes in your entries. How to scan for which pairs are best to trade each week. How to develop a step by step forex breakout trading plan that's right for you. Best Forex EAThis is not sexy, neither is it exotic. It is however different. Ok… probably different to me at least. I may not have covered all the EA’s in the world but at least I know of some of the main strategies which most EA developers have taken. A few weeks ago, an EA developer approached me via email, and he approach in a very flattering sort of way. ![]() The email started off like this…——————————————- ——————————————- Oh… Stop it you…I don’t have a fan… I just your regular dude… trying to make some money from forex and blogging…Well… however flattering it was, I was kind of floating for a while before I continue with his email. After the flattery, this EA developer asked me if I was interested to showcase his EA. I was like…Yes, yes I will… I will showcase your EA…They say flattery can get you everywhere. In this case, he got me at ‘long time fan’Furthermore, how can I say no when he offered me a free copy…Ok… back to business…This EA is call Di. Co Watch. Dog and the strategy is uses is MACD Divergence or Convergence. Now this is what I call different. I learn the application of price divergence and convergence in stocks and futures market but this is the first time I am hearing it applied in forex EA. MACD is basically an indicator that shows the changes in the strength, direction, momentum, and duration of a trend in a stock’s price. MACD)Yes, like wikipedia says on stock prices. ![]() Is ForexHacked a Good Expert Advisor Seller? Read Real Reviews, By Traders, For Traders™ Add Your Rating to the Largest Forex Review Database by Forex Peace Army™ >>. I know I should be doing something with my forex activity, but I can’t seem to find the motivation anymore since my last post in March 2013. Forex Breakouts shows active currency traders how to trade Forex patterns, explained step by step with practical examples. Explore the world of food, antiques and crafts with author and market expert Marjorie R. Williams. Save time with market tips, resources and local information. While I do know that some traders do use MACD on their trading chart, I rarely see it on forex EA. Ok… maybe most of the commercial forex EA that I have come across do not actually uses MACD as part of their strategy. One of the reason why, it’s that MACD works well with less market noises. And the smaller the time frame the larger the market noise. Most commercial EA works on a 1. So, the effectiveness of MACD as a signal confirmation or indication on a 1. M time frame is not exactly ideal. For MACD to work, one would probably need a larger time frame to catch the high high and the low low over a long period to see if there is a divergences or not. I guess that is one of the reason why the developer chooses a 1. H time frame for this EA. When you use an EA like this, you know that it is a trending EA which does not make it sexy. From the developers myfxbook account, you can see that it does not trade every day and the performances seems to be see sawing from one month to the other.(Developer’s account)However, if you look at it’s risk to reward trade. It seems to hold a very sound traders strategy. TP is 2. 30 pips while the SL is 1. Why do I said so? Because this is one of the few EA that trade base on most traders mantra. Trade with the trend and of course trade only if you reward to risk ratio is 2: 1. And it seems like that can be seen on this account. Now one of the thing that puts me on a skeptical side is the backtesting of this EA. Due to some development I could not produce the 9. Anyway, I did a backtest on a 9. It seems like the result started to be better after 2. It only starts from 2. While the backtesting result does not look that impressive, I however still think that I need to give it a try. And to test if it does work on this simple strategy, I put it live and put the MACD indicator on it and see where it too the trade. Interestingly enough, it does what it say it does. Here it shows a bullish convergences, a trader would probably take that long entry and put the stop loss just at the low of the lowest bar. But because this is a robot, it takes a fixed SL at 1. But as of this writing, after the NFP report, EURUSD took a tumble. So… I can only guess that it might hit of the SL when the market open next week. Update: I was correct, EURUSD gaped down this morning which sucks especially it is on the first trade)Oh well… let’s just see how it goes. Below is my live account with Alpari on this interesting EA that probably follows most of the trading strategy’s mantra.——————————————————–Now for a non- sexy, non- exotic EA like this, the price of this EA is what I believe to be reasonable. Only $9. 9 a year license for an unlimited account. Strategically speaking it is relatively simple but I think it can still be improved if there is another indicator to confirm the strength of this divergences or convergences formation. Anyway, here is the link to their website: http: //www. If you are interested in this EA and want to support me, here is the buy now check out link (affiliate link).
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