Looking at the wedge chart pattern, it’s easy to see why it’s so popular with traders. This is because it’s easy to identify, and therefore has a bit “self-fulfilling prophecy” aspect to it. The fact that it also has a simple measuring tool built into it doesn’t hurt either, as it is very simple to use as a tool. Identifying a wedge The first thing that we need to do is identify what a wedge actually is. A wedge is simply ...
Without a doubt, one of the most common patterns is the “head and shoulders pattern.” In fact, there are some traders out there that will trade only this pattern, but there are a couple of things to keep in mind before you use this pattern, just as anything else. The first thought that comes to mind is that nothing is 100% guaranteed. However, some of the more obvious patterns, such as the head and shoulders pattern, will attract more flow as everybody else sees the same thing. Think ...
When we first start trading Forex, we most often play what is known as a “market order” to get involved. You simply click the button to buy or sell and get involved. The market order tells the broker that you want to get involved to the best price possible, or what is known as the “market price.” There is no guarantee that you will get the price that you see on the chart or order window, but as Forex is extraordinarily liquid, most of the time it works out. Pending orders ...
Very Blonde System - expert for MetaTrader 5 The Expert Advisor opens a reverse position, additionally placing a grid of orders for reinforcement. Analysis of price changes is performed on a certain number of bars.
Very Blonde System - expert for MetaTrader 4 It waits the price to have a strong fluctuation of x pips in y minutes (field "Limit"= fluctuation value, field "PeriodX" = time, both customisable) and then it opens a reverse position with a grid of limits position to reinforce it (field "Grid" customisable) It closes all the positions when the amount (field "Amount", customisable) is reached. ...
Go to Profile
Mark as Read