How many types of trading styles out there ?
1, fundamental analysis
2, technical analysis
3, algorithmic trading
Last one is what I used in this EA same time I use trend lines to understand where market rally ends it's belong to technical analysis and I read news and watch sessions it's belong to fundamental analysis
Indicators are part of technical analysis that we can use in trades manually or automatically indicators shows small pips range confirmation
Suppose we use a perfect indicator in 4h chart how many pips we can collect ?
In my experience it's 50 pips we get sure but if it's the day chart we can collect 150 pips same time level of SL and grid must be change instead of 10 pips gap that will reduce profit
1, fundamental analysis
2, technical analysis
3, algorithmic trading
Last one is what I used in this EA same time I use trend lines to understand where market rally ends it's belong to technical analysis and I read news and watch sessions it's belong to fundamental analysis
Indicators are part of technical analysis that we can use in trades manually or automatically indicators shows small pips range confirmation
Suppose we use a perfect indicator in 4h chart how many pips we can collect ?
In my experience it's 50 pips we get sure but if it's the day chart we can collect 150 pips same time level of SL and grid must be change instead of 10 pips gap that will reduce profit