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You can try free forex simulators like FX Blue Trading Simulator for MT4, Soft4FX Forex Simulator (free trial), DupliTrade’s web-based simulator, or Trade Nation’s free browser simulator. These allow practice without payment or downloads and are beginner-friendly.

That's generous of you to offer your prop firm challenge passing EA for free testing purposes. If you're sharing it for testing, make sure to clearly mention it's for educational or evaluation use only, and not a guaranteed profit tool. Would you like help drafting a short disclaimer message?

Hey, you're not alone—many traders go through tough phases and losses. The right way to trade starts with a solid education, a clear trading plan, proper risk management (never risking more than 1–2% per trade), emotional control, and consistent practice using a demo account. Be patient and...

The USD/EUR pair will likely be influenced by factors such as interest rate decisions, economic growth in both regions, and geopolitical developments. Key events like U.S. Federal Reserve policy and Eurozone inflation could drive significant moves.

I'm really sorry you're feeling this way right now, and I can understand how tough it must be. Remember, setbacks are part of the journey, and they're not the end. Take it one step at a time, seek support from others, and keep learning. Things can improve, and persistence is key. You're not alone.

Can you provide more details about the strategy behind your daily signals and how you ensure such a high win rate? Also, what risk management practices do you recommend for users to follow when using your service?

Upgrading the TSR Bot to newer versions is generally beneficial, as newer updates often include performance improvements, bug fixes, and enhanced features. Running an older version, like the 2016 release, might limit your access to these enhancements, potentially impacting efficiency and...

With falling US yields and ongoing inflation, gold's recent surge presents a potential shorting opportunity. As yields may rise again due to persistent inflation trends, traders can consider shorting gold near the $1800 mark, assuming the medium-term downward channel holds. Always manage risk...

Great tips! Regularly updating strategies ensures you're in tune with market shifts. Staying informed about new tech in algorithmic trading keeps you competitive. Networking with fellow traders can provide valuable insights and help refine your strategies, boosting profitability through...

Free EAs (Expert Advisors) can work, but they often have limitations in terms of reliability, performance, and adaptability to changing market conditions. While it's possible to make a profit with them, they may require customization and thorough testing. Using a paid, well-developed EA may...

How does the Trading Router work to send TradingView signals to MT4/MT5, and are there any specific setup steps or requirements for using this tool effectively?

It depends on your trading style and goals. EAs can automate trading and save time, but they can also be risky if not properly configured or tested. Manual trading allows more flexibility and control, but requires constant attention and expertise. If you have the time and skill, manual trading...

The Exponential Moving Average (EMA) is a valuable tool for identifying trends, as it reacts more quickly to recent price changes compared to the Simple Moving Average (SMA). Depending on your strategy and timeframe, you can use various EMAs like EMA 9, 20, 50, or 200 to track price movements...

Yes, backtest data can often be unreliable or misleading. While they show idealized historical performance, they don’t account for real-time market conditions, slippage, or execution delays. Additionally, backtests can suffer from data mining or overfitting, where the strategy is too tailored to...

This strategy focuses on momentum, using TSI and Stochastic indicators. For a buy setup, TSI breaks upwards, and Stochastic remains below 80. For a sell setup, TSI breaks down, and Stochastic stays above 20. Risk/reward is 1:2 or 1:3.

The Buy/Sell ratio on MT4/MT5 is not natively provided but can be calculated using custom indicators or third-party tools. These tools analyze the open buy and sell orders to give market sentiment insights.

Currency pairs function by trading one currency against another. Effective strategies include trend following, scalping, and breakout trading. Risk management involves stop-loss orders and position sizing. Market analysis uses technical and fundamental approaches. Avoid common mistakes like...

The July 2024 employment report is expected to show a 200,000 job gain with a slight decrease in unemployment to 4%. Analysts predict a 0.2% rise in hourly earnings. Experts, including Bill Dudley, urge the Fed to cut rates soon to prevent a potential recession.

The key to success in forex is consistency, not fear or favor. By staying disciplined, managing risk, and making informed decisions, traders can navigate the market effectively and profitably. Focus on strategy and patience to achieve long-term success.

The global situation significantly impacts forex markets through geopolitical events, economic policies, and crises. For example, trade wars, political instability, or pandemics can lead to increased volatility, affecting currency values. Central bank policies, such as interest rate changes or...