Martingale Hedging EA (Oleh newbietofx)
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Martingale Hedging EA Perbincangan
Ahli sejak May 27, 2013
7 hantaran
May 07, 2015 at 08:31
Ahli sejak May 27, 2013
7 hantaran
How can I ensure the breakout has strength to follow through?
How can I avoid fake breakout. Those that break above all support/resistance and closes above/below it but does have anymore to push for another.
How can I ensure maximum profits for those that breakout before the next signal?
How can I reduce my risk if the breakouts turn out to be fake?
How can I avoid fake breakout. Those that break above all support/resistance and closes above/below it but does have anymore to push for another.
How can I ensure maximum profits for those that breakout before the next signal?
How can I reduce my risk if the breakouts turn out to be fake?
Make 100% in 10 months while spending it all in the last 2 months.
Ahli sejak Nov 15, 2011
4 hantaran
May 14, 2015 at 13:50
Ahli sejak Nov 15, 2011
4 hantaran
Hi David,
To answer your question in order to test the strength of the breakout you have to look for the reason for the move and also time of the day the breakout occurs. Say a breakout at German session will usually led to a fake out but has more chances of working out during London session. Also when the breakout occurs on the back of solid data or a major shift in the fundamentals the move will usually be sustained.
The best way I came across to avoid fake out of a range break is to wait for price to test the of the previous range and get in when the price resumes. Say price was trying to breakout on the top side and it pops. Then I wait for the pullback so that the previous resistance will work as support and then take an entry. This will reduce the number of loser but at the same time u will miss out on some winning trades as well.
There is always a trade off.
Hope this helps.
To answer your question in order to test the strength of the breakout you have to look for the reason for the move and also time of the day the breakout occurs. Say a breakout at German session will usually led to a fake out but has more chances of working out during London session. Also when the breakout occurs on the back of solid data or a major shift in the fundamentals the move will usually be sustained.
The best way I came across to avoid fake out of a range break is to wait for price to test the of the previous range and get in when the price resumes. Say price was trying to breakout on the top side and it pops. Then I wait for the pullback so that the previous resistance will work as support and then take an entry. This will reduce the number of loser but at the same time u will miss out on some winning trades as well.
There is always a trade off.
Hope this helps.
A Successful speculator bases no move on what supposedly will happen but reacts instead to what does happen
Ahli sejak May 27, 2013
7 hantaran
May 19, 2015 at 06:23
Ahli sejak May 27, 2013
7 hantaran
Thanks.
Make 100% in 10 months while spending it all in the last 2 months.
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