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Look for pullback or breakout opportunities. They are often accompanied by an increase in momentum which for a short period of time makes the market a bit more predictable and skew odds in your favour. However such conditions occur not so frequently and do not last long.

There is no such thing as best broker but some are definitely better than others. If spreads and execution matter to you as well as number of regulations I would suggest to consider Hotforex or Tickmill. Got better results from backtesting my system on micro accounts from these brokers.

Is there are trial version of this EA which can be run on demo? Would really like to see it performance on my Hotforex account with tight spreads.

It showed excellent results but you can't make a system from this single indicator. Also include ATR, RSI, etc. because solid system should take into consideration all characteristics like trend, vol, momentum

Not as great as Hotforex actually. Spreads are wide also many complaints from fellow traders so I decided to try better options.

Where do we trade this instrument. Can't find it on my Hotforex platform. Or only specific brokers support them?

It is similar to lottery, price feed is artificial and generated from random process, how are you going to beat something random.

Can you explain in details how to backtest this strategy? Should it be OHLC candles of specific timeframes or tick data? I see only OHLC in my Hotforex platform with lowest resolution of 1M

Yes its recommended to trade when liquidity is high like during London session or its overlap with NY session. Also if you are newbie it'd be better to avoid trading during news releases because handling high volatility requires deep understanding of position sizes, leverage, pip value, etc.

Great software actually I tried it with Hotforex but honestly I'm risk averse person so I decided to stick to my own conservative strategy.

Can you explain in a couple of words which principles do they use? Is there something that is built on RSI or other overbought or oversold indicators? Would really like to try them.

I guess many have but they won't share it even won't sell because it isn't hard to earn from it, just add more leverage. Its quite pointless to request something that works online better to put some efforts and create proprietary system.

Where I can learn more about black book? Is it a kind of order book or smth?

I use autochartist tool from Hotforex it also support candlestick patterns. What I like about it that it's powerful and free. Can you explain what additional features does it have?

I used FAP turbo for Hotforex and it yielded some good returns I guess it may be useful for prop trading too

Well it experienced significant up and down movements so I can't say that it has been staying overvalued. US uses its currency too to achieve better trade conditions for its export or importing depending on current needs, I think every country follows this suit. Currency devaluation is a kind of...

What is your trading approach? Do you use support-resistance, naked action or indicators?

All that you mentioned is important. Basically it all comes with experience and gaining it requires time and ability to analyze both great trades and your mistakes.

This strategy is widely recognized and thoroughly tested, revealing that using standard parameters doesn't provide a distinct advantage. It might be worthwhile to explore alternative approaches, such as selecting a different window for averages or opting for Exponential Moving Averages (EMA)...

Effective indicators in forex trading include Moving Averages for trend identification, RSI for overbought/oversold signals, and Bollinger Bands for volatility assessment. Combining these tools with a comprehensive strategy enhances decision-making in the dynamic forex market.