Hello can anyone recommend the pairs to trade for this EA. I'm currently using it. So far it went well the 1st 3 days and made a profit of $43 using 0.01. But today I have a huge drawdown from EURAUD.
I have tried this before. Although the entry si good with candles as it enters a buy after a Bearish candle and enters a sell after a bullish candles which makes the stop loss small but It repaints a lot.
Where did you change the settings for 0.01? I've tried using it in a demo with $1000 but it blew my account. It's always buying and no selling. It used 0.10 lots per trade.
It depends on what you are studying. If you study support and resistance and what most people study, it will take you a lot longer but if you study Market Structure and Price action. It would be a lot faster.
For me the most important factor is the money management. Getting good risk reward ratio per trade. Preserving you capital equity should be one of the most important goals of a trader.
Payapa strat works. I used this in the past myself. My advice is avoid pairs that have news events scheduled as the strategy doesn't count them in. It requires 2 weeks of past data to figure out the buy zones and sell zones using H1 timeframe. My only problem it doesn't capture the whole move of...
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