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In my experience, the 4-hour timeframe strikes a good balance between noise and reliable signals. It allows for thorough analysis and provides ample opportunities without the stress of constant monitoring like lower timeframes.

You can try BeeksFx if your EA is sensitive to speed of execution. Some brokers like HFM offer it free of charge if you meet volume requirements, so could be worth to look for similar offers.

I also prefer swing or day trading because I believe trading opportunities for retail traders can't arise in every minute. Traders underestimate timing of a trade because of impatience, however one important insight that some great trades is when you avoided making them at all. Preserving...

Yeah use as low leverage as possible and don't trade with the funds you can't afford to lose. For example my leverage at HFM is currently capped at 1:50 and I'm planning to reduce it even further. It's really comfortable and you feel more responsibility because you put a lot on the table.

Metatrader indicators are crafted in MQL language, compatible with both MT4 and MT5 platforms. Yet, transitioning from an older version to a newer one might necessitate minor tweaks and file type conversions. On the other hand, TradingView indicators utilize a distinct language, although their...

I used tradingfxvps but then switched to beeksfx which is slightly better and comes free if you meet certain trading volume trading with HFM.

Will it work for any broker? For example I use Hotforex MT5 trade mostly USDJPY can I adjust your signals somehow to trade on MT5 USDJPY?

Tickmill, HFM and other similar brokers offer wide range of instruments which does include bonds, indices, stocks, etc. They even started to offer futures recently

I can suggest to try HFM or Exness they are great in terms of execution speed, excellent for scalping systems.

In my opinion, forex traders blow their accounts primarily due to a lack of effective risk management, emotional decision-making, and trading without a clear strategy. Successful trading requires disciplined execution of a well-defined plan, alongside continuous learning and adaptation to market...

You can buy on Fridays recently this day started to outperform compared to other days looks like traders buy safe heaven as a precautionary measure to hedge weekend shocks

Identifying major support and resistance zones involves analyzing historical price levels where significant buying or selling pressure has occurred. These zones are often found at round numbers, previous highs or lows, or where price has repeatedly stalled or reversed. To avoid fake zones, I...

For beginners, trading education should cover fundamental concepts such as market mechanics, technical analysis, risk management, and trading psychology. Start with free resources like online tutorials, articles, and webinars offered by reputable trading platforms or educational websites...

depends on how much you will deposit and your risk tolerance. Still those figures are possible under right circumstances

Understanding market trends involves analyzing price movements over time to identify the direction in which an asset's value is moving. Trends can be classified as upward (bullish), downward (bearish), or sideways (range-bound). Traders use various technical indicators, chart patterns, and...

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...