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mql5

  1. EUR/USD Intra-Day Technical Analysis - waiting to break the levels

    by , 12-16-2015 at 09:02 AM
    M5 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key reversdal support/resistance levels:

    • 1.0958 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and
    • 1.0923 support level located below 100-SMA/200-SMA in the primary bearish area.

    RSI indicator is estimating the ranging continion to be continuing.

    • If the price will break 1.0958
    ...
  2. Identifying Trade Setups by Support, Resistance and Price Action

    by , 06-24-2015 at 03:34 PM
    This article shows how price action and the monitoring of support and resistance levels can be used for well-timed market entry. It discusses a trading system that effectively combines the two for the determination of trade setups. Corresponding MQL4 code is explained that can be utilized in the EAs based on these trading concepts.

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