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Never heard about it. Is it price action strategy or based on technical patterns?

You may try to use some public EA's based on some basic principles like MACD, RSI and ATR and gradually improve them by playing with EA parameters or even adding additional indicators that will reduce number of signals and increase their accuracy.

You don't need to control your emotions in a trade when you know your profit and stop loss target. Rule-based trading exempts you from unneeded actions like monitoring price for exits.

What instrument this EA is specified for? Also is it possible to adapt it for MT5, I use one from Hotforex and really don't want to switch back to MT4.

Individuals who benefited from the mentioned market surges can be better described as speculators rather than traders. The issue at hand is that, even though some achieved significant profits by riding the wave successfully, the ratio of winners to participants is exceedingly low, as is typical...

I don't think it somehow affects it. Instead, trade outcomes like loss or profit can push you out of emotional balance, but this is solved by trading plan.

Why should somebody share with you a system that makes money? Can you send me $500? Let's grow together ;)

If loss is consistent then you have to revise your strategy, make improvements or try other ideas. Make sure you determined criteria of a losing trading system so you don't waste time or money on something that is potentially useless. Also focus on the process itself rather than profit because...

That's great however I prefer PAMM accounts and signal providers from brokers to retain control over my account and control risk myself. Full management can be risky

Yeah correct it's just a way of marketing illegal forex trading (trading with bad brokers) because the idea of getting money under management is quite popular among traders. Also if you are really profitable they can steal your trading trick.

You had to try different brokers from your description it's likely that broker banned you because they traded against you and you made high returns, means loss for them. This is irrelevant for STP brokers like Hotforex or Tickmill

Is your toolset limited to support and resistance lines only? Maybe any indicators to determine Momentum or Trend?

Thanks.. is it broker sensitive EA? Maybe somebody tested it on Hotforex and could share their experience...

Is it possible to build single indicator that will cover all those aspects? Or maybe there is a single solution like some bot?

It's a combination of tools and approaches, there is no guide to profitable trading, because any publicly available guide will invalidate itself very quickly as soon as enough many people will start to follow it. That's why every approach is unique.

I use it with Hotforex and quite satisfied. Make sure you test it on demo with various settings, since different assets requires different values of the parameters of the EA

Maybe you have an EA that puts your guidance into an actionable stuff?

How I can use it in Hotforex MT4 if there is no binary options? Can I adjust it to trade CFD?

I use common levels like 20 and 70 to identify overbought and oversold levels, in my view it's better to stick to popular levels as they have greater chances to play out.

Great outline the problem is when you delve deeper into details complexity grows exponentionally. Trading is a hard business which requires a person to be multi-versed.