Hi, I have written this simple strategy and I would like to convert this to mql4 so I can run it on my mt4. Any kind souls able to help me with it? Or is there a way to help automate this strategy, I have been googling and trying all sorts of stuffs but to no avail. I tried coding it on mql4 but it failed, the language is too hard for me. // Script...
Only enter using good money management. I do not know when the Market will crash but it is unwise to be shorting against this strong bullish pressure. I will be looking for longs at around 2980 to 3000 levels and will be aiming for 3130.
Daily uptrend broke, successfully retested and price is moving downwards. Potential Double top on the daily is being formed. If neckline is broken, look for a short entry after a successul retest followed by a price downward continuation.
EURUSD, I believe is still in consolidation phase but we may have found some support and a possible double bottom. Look for a long entry once the double bottom finished forming.
There are 2 ways this to trade this idea. Short term uptrend was broken, 1. Look for a retest around 2900 to 2930 level, if it fails to hold, we look to enter short trade. 2. If it closes below short term support of 2835, look for a retest and look for a short entry if retest fails. I am looking at TP around 2750. The second trade setup is way more...
Short term uptrend was broken. Look for a retest at around 76.6 and if it failes to break above, can look for a short entry.
Short term uptrend was broken. Wait for a retest and if it breaks below 2930 (Support), we may see S&P testing the 2900 level.
As explained in the chart. I will look for a retest of 111.000 before entering long position. Failure to do so I will look for a short instead.
Have observed SGDJPY for quite some time now. Seems to me that this pair is ranging + we are at a resistance zone. It might be a good idea to take a short trade here.