Most of them use that strategy to try keep the trades safety. As we know, only put S/L, hedging, martiangle/averaging, .. and cut loss to manage risk :) To use martiangle/averaging we must reveal where's strong Support/Resistance to come. I recommend do not use lagging indicators for this strategy.
MF78 posted: what you mean by 'lagging'? looking at my first month of ea..you think can be profitable and have a good ratio risk/award? thanks :)
Lagging indicators that based calculation by MA (moving average). But, the expert who familiar with MAs strategy also able to gain profit, ... with one condition : excellent psychology in trading is needed, and must :) .... it is difficult for me, even for most of traders in the world having difficulty about it :)
Btw, I have tried all known technical indicators and dozen of EAs strategy, and I have chose Support/Resistance (S/R) strategy (catch the falling knife) as leading indicator that suitable for me and backed up by semi-automatic EA for trading management. To use this strategy we must have patience to wait price hit the lines of strong Support/Resistance before opening positions.
Futhermore, honestly no one able to say easy in trading, and only a liar have said trading is easy :) , but I believe for make it simple to make it easier. The known enemy in trading is ourselves, psychology, even when you have the best trading system, it is still really hard for your psychology in real account.
So, while chosing the EAs that suitable for you, please erase profitable trading in your mind, but first we must learn how to manage risk and patience. I mean, demo account is really different with real account. In real account, the psychology will always disturb.
Keep up your spirit high, find out the system that most suitable with you, always make it simple, able to manage risk and patience, and then start join the market.
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