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Sticking to a trading plan requires discipline and commitment. Some effective strategies include setting clear and achievable goals, regularly reviewing and updating the trading plan as needed, maintaining focus on long-term objectives, and holding oneself accountable for following the plan...

Can you explain what do you mean by unique traits of the market? maybe some examples?

One of my best experiences with a trading indicator has been with the moving average convergence divergence (MACD) indicator. Found it in my HFM platform right after installation of the terminal. It has proven to be versatile and effective in identifying trends and potential trend reversals in...

Thanks will it work on MT5 platform too? I use one from Hotforex, is the indicator requires specific platform build version?

In trading, my key to success lies in maintaining discipline and adhering to a well-defined trading strategy. This includes rigorous risk management, emotional control, and continuous learning. By sticking to my plan and managing risk effectively, I aim to achieve consistent profitability over...

For beginners, a simple and effective strategy is to focus on trend following. This involves identifying the direction of the prevailing trend using basic technical analysis tools like moving averages or trendlines and then entering trades in the direction of that trend. Additionally, practicing...

Try to build your system it will be more rewarding than looking for and trying losing signals, tested myself many but they all give 50/50 at best

To increase your profit ratio, focus on selecting high-quality trades with favorable risk-to-reward ratios. Implement effective risk management techniques to minimize losses and protect capital, while continuously refining your trading strategy based on performance analysis and market insights...

In my experience, attempting to double capital quickly in trading often leads to excessive risk-taking and eventual losses. Instead, I prioritize a disciplined and patient approach, focusing on consistent, sustainable growth through effective risk management, continuous learning, and a long-term...

Trading harmonic price patterns involves identifying specific geometric patterns in price action, confirming them with additional technical indicators, and executing trades with careful risk management. By combining pattern recognition with confirmation tools and disciplined risk management...

Look for scalping EAs they should be best for major pairs because they offer tight spreads and scalping EAs use this advantage as core aspect of their design.

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.