TradeWizards's Posts

What method do you use to draw past support and resistance levels? in General Feb 21 at 05:38

Your opinion is somewhat correct.Support and resistance levels and Fibonacci are very important zones but they definitely need to be checked with other things.It is important to note that nothing is absolute in the Forex market, we can only change the probability of success.If you are willing, explain about the more effective methods you use.

What method do you use to draw past support and resistance levels? in General Feb 21 at 05:29

Filtering entry points depends on each person's personal strategy, but I check the following before entering:1- I check the support and resistance levels and Fibo levels.2- I wait for confirmations from candlesticks or harmonic patterns.3- I get confirmation from other indicators on higher timeframes.4- I check the fundamental condition of the currency being traded.5- I determine the volume and SL with predetermined principles of capital management.I calmly wait for the probability of success to happen because nothing is absolute in the forex market.

What method do you use to draw past support and resistance levels? in General Feb 14 at 07:10

Support and resistance levels only identify important areas for a pullback.The higher the number of hits to that level and the more they match the Fibonacci levels of the last swing, the higher the probability of returning to the previous Fibonacci level.Having important areas and combining them with other strategies reduces your risk.I introduced a new product on MQL5 Market that you can also test and combine with resistance levels.

What method do you use to draw past support and resistance levels? in General Feb 11 at 14:35

These levels are very important for determining entry and exit and I use them a lotYou can test the indicator "TW Support Resistance Level" on the MQL5 Site.

What method do you use to draw past support and resistance levels? in General Feb 03 at 17:10

We just calculated the hits of each level.The Fibonacci tubes shown in the front of the chart are very powerful if they meet high-hit resistance levels.

What method do you use to draw past support and resistance levels? in General Jan 31 at 15:11

I designed a computational code that identifies these levels based on the maximum and minimum points of the zigzag and examining past waves in several time frames.I am currently looking for other ways to improve it.

What method do you use to draw past support and resistance levels? in General Jan 30 at 18:09

Do you have a specific pattern or method for choosing these levels?

What method do you use to draw past support and resistance levels? in General Jan 29 at 18:25

The number of times a price range is touched.The more times it is touched, the more important it is.If these levels are on the H1 and H4 timeframes, they are more important.They are more powerful if they coincide with fibo nachi.If they form candlestick and harmonic patterns on the M30 and M15 timeframes, they are important.If they are at the bottom and top of the channel, they are also important.And.....

What method do you use to draw past support and resistance levels? in General Jan 28 at 14:46

The validity of supports and resistances is directly related to the number of their collisions, and they should be checked carefully for the past periods, which is a difficult task.These levels are not a specific line but an area in terms of market volatility.Sometimes missing one of them can cause you to exit or enter a wrong trade.

What method do you use to draw past support and resistance levels? in General Jan 28 at 05:55

Please discuss ways to draw past support and resistance levels and Fibonacci if you have any ideas or methods.

How to become emotionless trader? in General Jan 23 at 13:52

You’re right.But if you turn the strategies into Expert Advisors and test them first and let them make the decisions for you, this problem is solved.You just manage your risk and monitor and have fun.

How to become emotionless trader? in General Jan 22 at 14:50

It's not the only way, but it's the best.

How to become emotionless in forex? in General Jan 16 at 14:35

This algorithm is not dependent on market ticks and the entry points and TPs never change. And there is no difference between the real market and the past data.I post screenshots of live market signals on my profile page about every day.

How to become emotionless in forex? in General Jan 15 at 14:09

The most powerful strategy I designed is related to the combination of several trend strategies that filter the entry points and a pattern is used to communicate positions and drawdown control, which is a special combination of grid and hedging methods.Fibonacci and some principles of price action are also used in this pattern.I haven't released this Expert Advisor yet, I just released one of its trend indicators called TW Trend Sniper, you can see it on the MQL5 site.

How to become emotionless in forex? in General Jan 14 at 15:41

Yes, I am a MQL programmer and I use my own specialized robots.You can search for TradeWizards on the MQL5 site and see my strategies and articles.Ask me any specialized questions you have

How to become emotionless in forex? in General Jan 13 at 16:57

Most of the strategies that are based on technical analysis have fixed and certain principles and have specific algorithms in different conditions. If you test EA in similar conditions in the past, then the same thing will happen in the future.The basis of the problem in trading occurs when you want to adapt to unexpected conditions at a critical moment. This creates a disaster mentally and practically.The best traders only follow the pre-established rules, which is the main feature of EAs.Read the story of the successful strategy of the turtles.Never analyze in a moment of crisis.

How to become emotionless in forex? in General Jan 13 at 05:23

Using Expert Advisors is very effective in trading success.But it must be tested before use in all critical situations and be compatible with your trading mindset.An expert advisor who has gone through the news and geopolitical events and economic crises of a currency pair in the past, can be successful in the future as well.Robots cannot predict the future, they only execute patterns without human emotion and error.

How to make much profits in General Jan 04 at 05:05

The goal of trading in Forex is only short-term profit, and when you focus on a specific currency, this becomes easier and you master technical patterns and fundamental trends, and you will be more successful both psychologically and practically.But if the goal was long-term investment and holding, we should have made this range of goods and currencies a little wider

How to become emotionless in forex? in General Jan 02 at 14:36

Risk management is a very complex subject, contrary to everyone's imagination.It should be designed according to the volume of capital and currency you trade, the fundamental situation, and the type of strategy and trading pattern.The percentage of capital inflow in a trade should be adjusted to the total balance.Never see your trades separately.Use compensating patterns to control the growth trend of the balance.The risk to reward of each trade and the total trades should be examined.Policies and geopolitical trends, etc. are very important in the volume of trades and determining the long...

How to become emotionless in forex? in General Jan 01 at 07:35

The important thing is that you find a way to create a calm mind so that you can be your best self.Nobody is perfect, but they can be their best self.Fear and greed are both factors of failure. They are the result of a mind with scattered data. Any way you can find to invite it to silence and peace is right. Sometimes music and dance also work.I have been meditating for years. And it is not just for trading, it is effective for all aspects of life.Mark Douglas's books also offer good ideas.

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