This system gives accurate entry points. I always place SL under/above most recent support/resistance level. I don't use the ea in order to open and close trades automatically. Better do it on manual.
Someone asked me today where to close trades, here's my anwser to him:
Taking profits is much more difficult. Where do you take it? At S1,S2 orS3 if going short and reverse for long positions..
I suggest to learn some candlestick patterns that can notify you about a potential reversal so you can take profits much more early. I 'm always watching those patterns.
I don't know you will find them here at FF (I didn't saw them yet) but here's a link where I found such patterns for expalnation :
http://www.aboutcurrency.com/content/view/204/109/
Maybe it is worth taking a look at them and try to learn them. I'm sure it will help you in taking profit with more coinfidence that you are doing the right thing.
Good luck,
wiper
Someone asked me today where to close trades, here's my anwser to him:
Taking profits is much more difficult. Where do you take it? At S1,S2 orS3 if going short and reverse for long positions..
I suggest to learn some candlestick patterns that can notify you about a potential reversal so you can take profits much more early. I 'm always watching those patterns.
I don't know you will find them here at FF (I didn't saw them yet) but here's a link where I found such patterns for expalnation :
http://www.aboutcurrency.com/content/view/204/109/
Maybe it is worth taking a look at them and try to learn them. I'm sure it will help you in taking profit with more coinfidence that you are doing the right thing.
Good luck,
wiper