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Exactly, we have prepared for risk from the beginning so that the risk limit can still be tolerated, besides that the exit point is also an important point in forex trading.

If a trader uses an EA and does not have programming skills, it may be difficult to update the EA by changing the programming file, but perhaps traders can try EA settings via properties to find the best settings.

Yes, that's right, the method most often used by traders to manage risk is using stop loss. In my opinion, this is easier and simpler compared to hedging.

Trading plans are enough to help traders achieve trading goals slowly, trading plans do not always end successfully, and losses are still a part of trading that sometimes cannot be avoided, but with evaluation of future trading, it is hoped that it will be much better.

Yes, more often after a news release, then volatility increases sharply and is unpredictable, this may be due to varying the market response in adopting news to their actions, to be safer, technical traders avoid trading news more often which sometimes traps traders because of wrong perceptions...

As I know MT5 and MT4 programming languages are different, EA or indicator designed for MT4 cannot be used on MT5 unless it has to be converted from MQL4 to MQL5 programming language.

Good point and easy to understand, but I think calculating price history can result in dynamic support and resistance prices because price history itself is dynamic.

Maybe it's different, liquidity is the availability of an instrument to be traded, while inducement seems to be a commission for incentive.

It seems there is a difference between the concept of order block trading and volume. Order Blocks are carried out by large traders by placing certain price baits which can influence market behavior in a certain direction. Volume trading emphasizes transaction volume.

On the MQL5.Com market there are various indicators for MT5 from popular, new, free, and paid, traders can look for the indicators needed for MT4 or MT5.

Interesting, unfortunately after I tried to attach it to the chart, then displaying letters indicator expired.

Independent traders work as their own boss, but there are also pro traders who work on behalf of institutions, the funds managed are much larger than retail traders, and their responsibilities are greater because of course there are demands from the company.

The potential for income in forex is indeed unlimited, with proven profitable skills, forex trading can be a better source of income than a traditional offline business, but it cannot be denied that forex is a high risk, high gain.

The Bitcoin market is crazy, although the price of Bitcoin is now at $97k, this is more than the expected $70, is it possible that the price will continue to rise to reach $100k? Even though the fear and greed indicator is already showing the number 87.

It's true, in practice trading forex is a challenging business, traders definitely go through different days, there are times when they make a profit, there are times when they face a loss, and when traders face a loss their emotions usually become less stable, and this is a serious concern.

Everyhing is possible, however now BTC price seems consolidated near $91k, fear and greed index already reached above 80, based on theory if fear and greed indicator reach 100, price could correction or reversal

At glance sees history line of zigzag indicator seems perfectly identified peak and valley, however in realtime trading, zigzag indicator is repaint, so use stop loss necessary as part in risk management plan.

I don't have such EA with the name as mentioned, maybe trade use EA gives benefit without emotion, however, I still often work manually.

Trading on ECN brokers is indeed more profitable because spreads are tight and brokers are more transparent, there is no conflict of interest between brokers and traders. I also trade on ECN brokers with low spreads, for scalping is more profitable, and this strategy has the potential to get...

One advantage of trading bots is that they don't involve emotions, but in my opinion trading with trading bots sometimes needs to be controlled manually if the bot endangers the trading account, but with trading bots that implement risk management, it might be much more comfortable.