Forex technical analysis is the study of market behavior mainly via the MetaTrader charts to predict future price trends. Various technical analysis tools including market trend, volume, range, support and resistance levels, chart patterns and indicators, as well as conduct a Multiple Time Frame Analysis using different time-frame charts, can be used to develop Forex trading strategies.
The Technical analysis strategy is an important way to evaluate assets by analyzing past market actions like past prices and past volumes. It is not to measure the asset's underlying value, but mainly to determine patterns that could help to recognize and predict future market activity by the use of charts or other tools of technical analysis firmly believing is that the historical performance in an important indicator of the future performance of markets.
The next step before starting a trade is to compare such an opportunity to price action for verification, this confirms an impending reversal of the trend direction.
Then the trade entry becomes so favorable and that trade is highly promising and the system puts an order.
Vortex Trader PRO uses a MySQL database to broadcast trading signals, it trades around the clock as was proved by its live performance statements with an average win of 11 pips and average loss of 21 pips.
It trades using baskets with a limited amount of trades achieving good profit on average 30+ pips, the positions are entered at the bar open with dynamic StopLoss and TakeProfit values.
Forex Diamond v6.1 (MT4) / 6.3 (MT5)
Forex Growth Bot v2.0
A trend EA as its name suggests, Forex Growth Bot takes the trader term "cut your losses short, let your profits run" actually earnest. As it trades only the EURUSD on M15 and it's not such a feature-rich software, this review will probably be shorter than my other reviews.
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