backtest that same EA on the years of, and on correlated pairs like gbpusd and audusd and usdchf on all four years. Keep the 5 minute chart up on your screen throughout the day and watch for the trends on average you will get 2-3 good days a week with nice trends per pair, pairs with high spread are not as easy to profit from. Stochastic must be below the 80 line if you are looking to buy or above the 20 line if you are looking to sell. System Rules The rules of this system are very simple.
The correlation coefficient ranges from -1 to 1, sometimes expressed from -100 to 100. If you look carefully at the breakout on this chart you will see that price shot up then retraced as the candle closed. Now let's have a look at macd along with price. In our opinion, its the most consistently profitable method used by traders in the markets today. To our relief the EA produces a nice back test on this pair, generating 1500 pips pear year with less than 20 draw down. 1 2 Introduction 3 Before making a trade 5 Money management 5 Over trading 6 Cutting losses and letting profits run 7 Make a trading plan 7 Record your trading results 8 Be careful with winning 9 Back.
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