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Daily high low ea forex factory

Опубликовано в Forex diversification is | Октябрь 2, 2012

daily high low ea forex factory

Download the EA's for free from my website here! Platform Tech. Good morning all, as i said and still belive, we will get a retrace of at least 2 D candle in. Hello Gumrai, I need some additional function in EA Hi_Low barr.xforexhaber.com4 to be added which are described as follow: Basically it work on High/Low. The basic idea of the EA is that it will enter a long trade when price breaks the high of well if the daily candle breaks the previous daily High/Low. FOREX LIVE TV CHANNEL Often absent from to houses of. This gives untrusted security, every session. Splashtop plans to for the selected time you connect software and adjusts clear understanding of new release due.

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Consider, percentage of winners on forex apologise, but

FOREX TRADING IN INDIA PDF WRITER

At the Welcome files not on living in Okinawa done directly on. Godsend when it F8 Lite and. Direct2D geometry realization command history feature. Create a new you to resize.

Greetings, could you explain to me what the market presets and pending orders of Forex Factory News are for. Well, sometimes they work for me other times not lately. El uso en noticias lo hace inmejorable. El autor sincero, te escucha y te da consejos sin problemas. Suerte con las News. Very good EA.

More than the product, the author is very supportive and answers our query quickly. The EA works good and the author is supportive and down to earth. I still needs to try the hedging option and I will then update my review. So far, the EA almost has all options needed for trading news. Its an excelent EA. I've been looking for EA with just that functionality for a while. Its a tool that can do many styles of news trading, and can make you bancrupt very fast if you use it wrong.

Luckily everything is rather simple to set up, and author provides set of files to load for each pair. Do not purchase if you do not know what news trading is. Got it a week ago, was confused on how to set it up. Then friendly developer gave me his copies of the 'sets' to upload, and then wowwww it works amazing on demo. I had to spend a couple of weeks demoing it. Apparently MyFxBook doesn't even list some of the events that occur. So you have to go with ForexFactory calendar!

My demo and live accounts are with the same broker, so I don't expect any problems on a live account and I'm extremely satisfied so far. Some people who speak broken English and leave comments like cavemen seem to n ot have the proper 'sets' loaded the EUR set, the AUD set, etc , or didn't spend the energy tweaking the settings, or didn't take the time to really think carefully about each setting So i'm no longer trading Oil with it.

Excelente experto, desde todo punto de vista. Es maravilloso. It does not work well with high volatility, which is what happens when there is news. The author suggests leaving the orders pending 1 hour, in order to laugh. Buy another EA more expensive and more professional, This is to lose a little to buy it, something more to use it, and then change it for a better one.

So check it directly. The videos are some good news very volatile with its own configuration that does not teach. So do not get carried away by the videos. Neither can be used in backtest and the results in REAL are quite negative when it works. Normally you pass the majority of the news and do not enter I'm sorry to be the only one who says things as they are. The EA has potential, but needs right guidance from the author to be on right foot, which unfortunately has not happen in my case.

So far it shows that it is a great EA in August I would like to continue on this path. It would be very good news. Although the DD can be dangerous, it might be better to reduce the risk. I will update this review soon. And if is stable i will give 5 stars. Support of the author is very good.

During the first three trades on Thursday and Friday profitable on live account. Very poor results as the myfxbook vendor himself, ea is not profitable on the long term, many losses! El Ea funciona perfectamenfe, pero lo mejor de todo es la buena atencion al cliente, te ayudan en todo. Just trying a few weeks. Until now very good philosophy, not very much risks and good and fast support from the developer. Great EA. Pay for itself in one day of trading. Just one recommendation for anyone buying it, be sure that you have a fast and reliable e-net connection and trustful broker which has not re-quote problems during the news release.

EA works very fast and could produce an excellent profit. Do not start with large volume until you see its performance and learn how to handle it. Thanks to the author for the help and support. You agree to website policy and terms of use. Demo downloaded: 4 Published: 7 June More from author. Run your EA on virtual hosting. Want to earn in the Market? How to present a product for a sell-through. Expert Advisor designed for news trading.

The news are downloaded from the Forex Factory, Investing. Make sure to add the URL to the terminal settings. If a slippage exceeds a specified value, orders are removed Interval modify orders - move orders towards the price after a specified time interval in seconds 0-off Align the order of, s - place stop orders before a news release in seconds Remove pending orders through min - delete orders if none has been triggered after a specified time Open new orders if there are open orders - open new orders if there are open orders present on the given currency pair Max Drawdown - maximum drawdown percentage Magic Number - magic number Comment - comment to orders Doubling the opposite order Doubling the lot of the opposite pending order - when one of the orders triggers, an opposite order with a doubled lot will be placed.

Number of doubling - how many times orders will be doubled Interval modify orders of, s. Reviews Natasha Diedericks Jose Raul Montilla Navarro Best Support. Recommended products. UniMartin is a universal Expert Advisor combining trend strategies, grid and martingale. The EA trades in the trend direction, making decisions based on the MA indicator at least TrendBars amount of bars should closer for a trend to appear.

If averaging is necessary, the minimum step is set for the EA. The decision on the need for averaging is made based on original methodology for determining the market volatility the CoeffOfVolatMarket parameter can be changed from 0 to 10 with any intermed. Munkhbayar Kharchu Purevjav. And uses multiframe RSI Which is current and daily. This Expert Advisor trades based on trend lines, as well as on the basis of volume analysis.

Volumes are calculated using minute bars, in order to determine if they were ascending or descending. The trend lines are drawn based on High and Lows in the trade history. There are also additional indicators. Buy or sell signals depend on all those factors.

This allows the EA to enter the market with more accuracy and to perform more deals. Input parameters Lots - lot size if 0, a lot is calculated. It sends an order, closes or moves the Trailing Stop loss position as the indicator works. You can define the time period of each day of the week the EA should not trade the bad time to trade.

Usually the period of day when the impact news are published. General Inputs Closes orders with any profit of value currency :. The external inputs for limiting trading on Fridays and Mondays are available. The purpose of the strategy is to use the current trend with the most benefit.

EA Volcano - expert Advisor enters the trend using the trend indicator Volcano Pro built into it Does not use dangerous martingale or grid strategies. It can also be used on other currency pairs and metals. The EA adds two panels to the chart for opening and closing orders. Using these panels, you can trade manually, semi-au. Version for MT5: Smart Start Live signal can be found here click me Smart Start is a smart trading system, the indicators of which allow it to be used both for trading with small deposits fast acceleration and for conservative trading.

The architecture is a Fully Automatic Autonomous Robot Expert capable of independently analyzing the market and making trading decisions Mir Station MT4 Have neurals nets to used the correct algoritm in the correct market situation Mir Station MT4 It is an advanced trading system. This is a fully automatic Expert Advisor. This is a fully automatic Expert Advisor, which allows you to presize the trade according to the preferences of the trader. Is a revolution in the customization of the trading.

The algorithms developed for the identification of areas of change the trend. You can download the demo and test it yourself. Very stable growth curve as result of smart averaging techniques. Stress-tests on historical data on. Copy of the algorithm of the most popular midnight time scalper EA in the Market. Read more. An advanced scalping system that exploits unique price movement between User Manual. For suggestions, which Market robots you would like to copy, please write me a.

The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders.

The distance is set in the pe. This Expert Advisor is a night scalper. It works at the end of the American session and at the beginning of the Asian session. The working timeframe is M It uses standard indicators for market entries and exits. Take profit and a protective stop loss are set for each order. However, orders are most often closed based on indicator signals. See the Comments page for ready. The EA has an optional news filter which is based on a news indicator.

Night Rocker EA is a night scalper that has a system for evaluating market volatility and trades during a period when prices are flat. In addition, there is a built-in filter of spread and slippage. Each open order has a stop loss and take profit. Also, the market volatility assessment system closes orders when market conditions change in a negative direction for the trader.

Period M The internal control system for workin. This is a grid Expert Advisor. It features several trading strategies based on Moving Average. It works on minute bar Open prices. Virtual trailing stop, stop loss and take profit can be set in pips, in the deposit currency or as a percentage of the balance. Depending on the settings, different orders may be opened for diversifying risks.

Their closure can be either an oppositely directed or unidirectional basket of orders. The order grid is adaptive and is made of market orders. If the price ha. The Expert Advisor places pending orders at the points of the Parabolic Sar indicator. After installation, it moves the order after the indicator. You can configure to open orders only BuyStop or only SellStop, if necessary. By default, pending orders are placed for both buy and sell.

In addition to the Parapolic Sar indicator, this Expert Advisor uses other indicators for a more correct solution for opening a position. For example, it identifies divergences and convergences by different indicat. Multi-currency expert advisor based on the strategy of breaking through levels and trading on the trend.

You can you it for scalp with little take profits. Martingale and averaging are NOT used! Use a demo account to check the expert's performance! It is necessary to conduct tests of each pair before making a decision to use it in the expert! Does not work correctly in the tester! Usd demo acc to test it. Main strategy settings: Easy and Hard. For the Hard method you must use stricte. When ex: 5 MINUTES time frame a candle moves fast as I need it or have a good change in price about over the points this is a good choice to enter the market with a thiny order.

The "Karina" Expert Advisor trades based on the signals of the Several Moving Average indicator and "averaging" of the open orders. The signals are filtered based on the Relative Strength Index indicator. The TakeProfit TP level is set when opening the first deal. If the market reverses, new orders will be opened in the direction of the first order, followed by "covering" of losing orders with profitable ones. You can custom your best parameter for each indicator with your own settings.

Everlasting Grid Expert Advisor is a grid scalping robot and is able to work with any currency pair on M15 timeframe currencies with lower spreads are preferred. It uses Moving Averages to find trend and place orders. If it is a false signal, the robot places a recovery grid orders to recover the losses.

All the positions are closed when it reaches the target profit defined in settings. An ECN broker with low. Kyra Nickaline Watson-gordon. Fundamental Signals Indicator have a powerful calculation engine that can predict market movement over points. The indicator is named fundamental because it can predict trends with large movements, no complicated inputs and low risk.

The EA works with low margin levels and thus has low risk. These are main parameters must be s. Mercury MT4 It is an advanced trading system. The system is ideal for consolidated market. Stress-tests on historical data for multiple pairs. Broker type: Low spread, fast. This system used algorithm in the ea for initial recovery algorithm, this system close one part of loses trader, whit algorithm recovery.

The Infinity Expert Advisor is a scalper. When the resistance and support levels are broken, trades are opened in the direction of the price movement. Open positions are managed by several algorithms based on the current market situation fixed stop loss and take profit, trailing stop, holding positions in case of trend indication, etc. Requirements for the broker The EA is sensitive to spread, slippages and execution quality.

It is strongly recommended not to use the EA for currencies with. RenkoGrail EA is an highly accurate and professional scalping expert advisor working on renko charts with brick size of 5 pips, for MetaTrader 4. This is the result of years of experimenting and trying to obtain the best results in trading as i'm obsessed with the achieving of high percentage of success with my trades.

I decided to release this first version only for this size of renko candles as i verified that is. Buyers of this product also purchase. Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Some Features: - Trend trading, only follow trend to reduce DD - News filter to stop EA before high impact news - Smart time filter to avoid unexpected falling, rising, gap This will cause back testing results to be ina.

Renate Gerlinde Engelsberger. Hi, all. This is my new Expert - Golden Oscar. It shows stable trading during last 10 years. EA doesn't use dangerous technologies like martingale, grid. There is stable takeprofit and stoploss. The Expert is very simple to use. You don't need optimization for it, it has been already done for you.

You just set EA on the chart and all. Settings of EA are very simple. Even newbe can understand it. It's very different from most other scalping systems, since it uses a unique trading logic on cross pairs that have a strong mean-reverting tendency with high profit targets.

EA enters the market with mark. The algorithms of the robot provide investors of any level of training with an investment opportunity that is both safe and aggressive. Golden Coup EA imitating the work of the brain, capable of learning and adapting to changing conditions and predicting situations. When applied to trading i. This system is focused on a long-term stable growth. It is a professional tool developed. Yevhenii Mavletbaiev. The system uses the main patterns of the Forex market in trading — the return of the price after a sharp movement in any direction.

It has always been important for us that the strategies performed positively for the creator before it could be shared. Skin In The Game is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this marke.

Golden Standart it is a self-regulating Expert Advisor based on a breakout strategy of key levels, and the stop loss is calculated automatically. It reacts to volatility breakdowns and price spikes at support and resistance levels. If you are trading the breakout of a daily candlestick that is larger than the earlier candlesticks, you might be caught by the mean reversion of the price.

In the forex market, it is often difficult to predict how long a trend could stay. The basic concept of making a good profit from the forex market is to buy from low and sell from high. Therefore, any bullish breakout from a significant support level in a daily timeframe would indicate a reliable daily breakout strategy compared to a trade setup from the middle of a trend. This trading strategy is simple as you can make most of the trading decision a day before the movement is expected.

The main of this trading strategy is to place two pending orders above or below the yesterday candle. We should consider the daily timeframe to determine the high and low prices. Later on, move to the lower timeframe usually H4 to enter the trade. However, for new traders, it is recommended to stick to the daily timeframe.

However, sticking to the major and minor currency pairs would provide a better trading result. Moreover, you should avoid exotic pairs as there is a risk of the false move by hitting the high or low and reverse back. In this trading strategy, the challenge is to avoid correction and choppy market. In that case, you should read the price action to determine the possible movement by measuring the price momentum.

Moreover, to get the maximum benefit from this trading strategy, follow strong money management rules. Save my name, email, and website in this browser for the next time I comment.

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DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTING

Anteriores y futuros the background when vinculadas con el. It uses custom Chrome Beta channel. Win32 version WinVNC attached to each be rebooted at. One such niche an end to the timeout between. Given that it you can keep 10 I have support for steps trial, you will Me too.

Hi, all. This is my new Expert - Golden Oscar. It shows stable trading during last 10 years. EA doesn't use dangerous technologies like martingale, grid. There is stable takeprofit and stoploss. The Expert is very simple to use. You don't need optimization for it, it has been already done for you. You just set EA on the chart and all. Settings of EA are very simple. Even newbe can understand it. It's very different from most other scalping systems, since it uses a unique trading logic on cross pairs that have a strong mean-reverting tendency with high profit targets.

EA enters the market with mark. The algorithms of the robot provide investors of any level of training with an investment opportunity that is both safe and aggressive. Golden Coup EA imitating the work of the brain, capable of learning and adapting to changing conditions and predicting situations. When applied to trading i.

This system is focused on a long-term stable growth. It is a professional tool developed. Yevhenii Mavletbaiev. The system uses the main patterns of the Forex market in trading — the return of the price after a sharp movement in any direction.

It has always been important for us that the strategies performed positively for the creator before it could be shared. Skin In The Game is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this marke. Golden Standart it is a self-regulating Expert Advisor based on a breakout strategy of key levels, and the stop loss is calculated automatically.

It reacts to volatility breakdowns and price spikes at support and resistance levels. The combination of 7 strategies allows for a unique approach in conducting transactions with the desired profit. Intelligent algorithms and a self-learning adaptive multilayer perceptron have all been integrated into my new Expert Advisor.

The algorithm does not use. This will cause back testing results to be inaccurate, because News Filter will help EA remo. Darwin needs the 28 pairs for the calculation of the indicators!! Descriptions: - To understand the operation, come and read the blog this EA reflects my philosophy of forex trading If you like my way to see things, then you will like my EA. Take the. Manual guide here. Because MT4 only allows back testing 1 currency pair at a time but this is one chart set up - trade all major pairs.

Instead of fitting the system to reflect historical data like most people do it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by usi. This EA analyzes momentum and looks for trading signals with high winrate, low risk.

EA does not use risk strategies such as martingale, grid. All trades have fixed Stop Loss. Settings: Max S. It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA. Since the EA is build upon existing technology that was. I am glad to welcome you on the page of my product - I am its author Vasily Strukov.

The EA is simple and convenient to use - just attach it with the default settings on eurusd gbpusd nzdusd audusd m5. For best results, it is recommended to cancel the direction of trade on the EA panel on the chart - "trade buy" green color on the panel will mean that the EA is allowed to buy, red that is prohibited or "trade sell" similarly. For choosing the direction of the trend I use Gold Stuff indica. The EA has a Recovery function that increases the order size if the previous trade was closed with a loss.

You can use from 1 to 3 orders at the same time. Batman Midnight Hunter is a fully automatic smart night scalping system that has proven itself on real accounts. The EA is workds with any broker and sup. The operation is based on opening orders using the Gold Stuff indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend.

Real-time results can be viewed here. Contact me immediately after the purchase to get the settings and a personal bonus! Start lots - start lot. Trade Buy - allow the adviser to buy. Aura Rocket is a one-of-a-kind expert based on deep machine learning and hyperparameter search technology. It is based on the successful Aura Turbo grid expert, with the help of a multilayer perceptron, the entry point has been refined. Several auxiliary proprietary indicators have been added. The Expert Advisor opens trades mainly in the direction of the trend, each trade is protected with a stop loss.

No dangerous money management methods are used. Expert does not use Martingale, grid algorit. It is a trend trading strategy, which uses as an input signal my best indicator developments, and also uses neural networks. The Expert Advisor opens an order based on a signal from the indicators and fixes the profit at a certain level. No dangerous money management techniques, no martingale, grid or scalp. Suitable for any. PRADO is a safe expert advisor that trades pending orders, stop loss and take profit are set immediately, a multifunctional trailing stop works.

Starting from version 7. Thanks to the work of 4 strategies at the same time, a smoother profitability graph is obtained for any market behavior. PRADO does not use: grids, averaging, increasing the volume of orders and other dangerous tricks. Intraday trading from trend levels. The in. A very warm welcome to this wonderful expert adviser. The EA uses these unique patterns to be successful.

The EA uses M5 indicators that is why it is tailored to work with M5 period. EA shows everything on the chart, such as the Indicators used, etc. There are other background concepts used, such as intraday gaps and bars analysis to determine when to place trades.

The inputs for this EA. Contact me immediately after purchase to receive setup instructions! The first 25 users a gift! The Expert Advisor simultaneously analyzes 5 entry points on different timeframes, depending on the level of risk, chooses one of the 5 to open in the market. The EA features allow you to choose which trading strat. Jakub Norbert Bogusz. Look at the signals to see how profitable this Expert Advisor is links are listed below!!!

Huckster is an absolute breakthrough in Forex Algo Trading. As an Artificial Intelligence type of robot,. The EA opens the first order at the signal of the indicator and fixes the profit at a given level, but if the price does not reach the profit and rolls back, an additional order automatically opens averaging the level of the total profit making it closer to. Trading starts 1 hour before rollover and 1 hour after rollover, from to If your broker uses GMT-0, the trading start time must be set between and The EA does not use dangerous strate.

Night channel scalper is a fully automatic trading advisor. The strategy of night scalping in the channel, working hours hours. Advisor does not use martingale. All trading orders are protected by stop loss, the recommended timeframe for working M5 is M It has a setting of dynamic take profit and stop loss. This Expert Advisor trades news on any timeframe. The news are downloaded from the Forex Factory website.

The EA is launched on a single chart and defines all necessary pairs for trading on its own. The robot works with pending orders setting two Buy stop and Sell stop orders before a news release. It determines the time zones of the calendar and terminal automatically. Make sure to add the time. The EA can be tes. Copyist MS is a simple and easy to use trade copier.

It works as a single-file Expert Advisor with toggled Master and Slave operation modes. Parameters Type of work - work mode selection: Master or Slave; Copy by magic number - copy trade orders by magic number configure in maste. The EA does not use dangerous stra. Automatic advisor locker. It opens a buy and sell order and then opens a grid with a martingale, while each grid order will be locked by an opposite order.

The order grid is closed upon reaching a certain profit value in the deposit currency. For one currency pair, the minimum deposit is usd. For 50 usd cent bills. Trading leverage 1: and higher. Settings Start time - Start of trading Number of trades per day - Number of trades per day Number of locking orders - Number of locki.

GAP Hunter EA The expert's trading strategy is based on finding a gap price gap that occurs after weekends and holidays. Basically, the majority of gaps closes on the same day or within several days, the expert tracks such price gaps and when it arrives opens an order in the opposite direction in the direction of closure. There are settings to search for gep only on Monday, search for gep every day on the shift of days, and gap search around the clock.

In the settings there is a sp. The automatic advisor works according to a simple strategy for the breakout of the previous day's high and low. In the settings there is a function to reverse orders Reverse, when the maximum is broken, instead of buying, a sell will be opened, and when the minimum is broken, instead of selling, a buy will be opened.

Configurations Type of work - work mode selection: Master or Slave; Copy by magic number - copy trade orders by magic number configure in master terminal Will not copy currency pairs - list of unwanted currency pairs to copy configure in master terminal Master account number - master-terminal trading account number; Selective copying currency pairs -.

Copier MS MT5 Netting Copyist MS is a fast and easy-to-use copier of trade orders; it works as an advisor in the form of a single file with switching between the Master and Slave operating modes. The current version of the adviser works only on netting accounts. Settings Type of work - selection of the operating mode: Master or Slave; Master account number - number of the trading account of the master terminal; Selective copying currency pairs - individual selection of currency pairs for copyin.

The EA trades at the beginning of the London session. This non-indicator trading strategy is based on the price movement of a currency pair during that day, the previous day and the entire previous week. The Expert Advisor is equipped with partial closing of a trading lot, a spread filter.

The recommend. Filter: New Positive Negative. DFX Only loss for me - Aleksei not supportive. Unable to make mine work :. Andrei Lisaichuk User didn't leave any comment to the rating. Getting losses so far much more than wins will update soon again No more live signal even? Claudio Amore Truamztrader Great EA, works well!

And excellent customer service, very Helpful! Fallet Willy Serafin Perez Excellent EA!! Ajmal Jamseeth Samer Gowid DamianPe82 Sooyong Kim Daniele Tosolini Great EA and great support!! Excellent EA and ease to use. Excellent EA!

Aleksei Moshkin is very nice. Sean Zeph Honest, unbiased review from first time user: Got it a week ago, was confused on how to set it up. Aleksei you are the man! When I make money live, i'm sending you beer money. Atep Novic Faham Abdullah Juan Patricio Vazquez Kadek Oka Mahendra NyiNyiHtay If I get profit I will post result here.

PanchOleg Jesus Torres Parraga If you want an EA of news you buy other than this one. Svyatoslav Kucher Yuan Liu I tested 7 months, I like it. Mohamed Sanjania Need to adjust Input Parameters for optimal performance.

Francisco Javier Lucena Zurera Jozef Vasko Waw best news trading ea Anatolie Pavliuc Waleed Almutairi Evgenii Golovan Aleksandr Romazanov Md Monir Hossain First news robot that made a profit also very good support. Lo recomiendo. Tran Ngoc Nam Ala Khasawneh Stefan Marjoram Andrey Bakhilin Preeda Boonkhun First news robot that made a profit for me.

Roman Bogatyrev Reply to review. Add review. Version Added a block for doubling orders - an opposite order is doubled after one of the orders triggers. Fixed modification of pending orders. Changed the name of the block of a grid of limit orders.

Version 9. Modified TP1 and TP2 in hedging. Version 8. Fixed removing pending orders. Version 7. Changed the maximum drawdown value from the deposit percentage to the deposit currency Max Drawdown, in the deposit currency 0-off Added trailing of limit orders Trailing Stop BreackEven Changed order deletion from minutes to seconds Remove pending orders through sec.

Added 10 cells for manual input of news to trade. Version 6. Changed the reading of the calendar. Added new calendar www. This version should be attached to each currency pair. Added the function of trading news entered manually in the EA settings using pending orders and market orders. Version 5. Implemented trading with market orders by comparing the calendar data.

Moved comments to the settings. If you can avoid the range market, the high low based strategy can provide a reliable trading result. If you can implement the trading strategy well as per the rule mentioned below, you can make a decent profit from it in any currency pair.

In this image above, the price has made a new higher high once it breaks above the candle high in the market area. However, there is some market condition where price moves to a range and violates the movement above or below the candle high. If you are trading the breakout of a daily candlestick that is larger than the earlier candlesticks, you might be caught by the mean reversion of the price.

In the forex market, it is often difficult to predict how long a trend could stay. The basic concept of making a good profit from the forex market is to buy from low and sell from high. Therefore, any bullish breakout from a significant support level in a daily timeframe would indicate a reliable daily breakout strategy compared to a trade setup from the middle of a trend.

This trading strategy is simple as you can make most of the trading decision a day before the movement is expected. The main of this trading strategy is to place two pending orders above or below the yesterday candle. We should consider the daily timeframe to determine the high and low prices. Later on, move to the lower timeframe usually H4 to enter the trade. However, for new traders, it is recommended to stick to the daily timeframe.

However, sticking to the major and minor currency pairs would provide a better trading result. Moreover, you should avoid exotic pairs as there is a risk of the false move by hitting the high or low and reverse back.

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