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Entry points
Jul 14, 2014 at 06:52
1,012 Views
9 Replies
Member Since Jul 11, 2014
3 posts
Jul 14, 2014 at 06:52
Hi is is there any best indicators for entry especialy major pairs?,or even trading auto traders?
forex_trader_123659
Member Since Apr 21, 2013
34 posts
Jul 15, 2014 at 04:57
I use Bolinger Band for entry position.
forex_trader_43716
Member Since Aug 06, 2011
326 posts
Jul 15, 2014 at 06:57
stokvelclub posted:
Hi is is there any best indicators for entry especialy major pairs?,or even trading auto traders?
Personally, I use a tight combination of indicators so my entries can be confirmed by more than one signal. I then like to look at the next higher time-frame and next lower time-frame to see if there is additional confirmation.
There is no simple answer to your question other than to say that a signal ought to be confirmed by two or more indicators, i.e. a moving average cross confirmed by RSI or MACD or CCI or Stochastic, or some combination of these.
Aug 18, 2014 at 18:26
Small article I found at the mt5 forum. Hope someone will find it helpful: The average entry points of bulls and bears reflect the average levels, at which the currency was bought and sold. The average entry points are defined according to the number and volume of all open positions.
As a rule, the average entry points of bulls are above the current currency rate and the average entry points of bears, on the contrary, are below the current market price of a currency pair.
In case the current market price of a currency pair is below the bears` average entry point (sellers of the instrument), we can suggest the descending trend.
In case the current market price of a currency pair is above the bulls` average entry point (buyers of the instrument), we can suggest the ascending trend.
As a rule, the average entry points of bulls are above the current currency rate and the average entry points of bears, on the contrary, are below the current market price of a currency pair.
In case the current market price of a currency pair is below the bears` average entry point (sellers of the instrument), we can suggest the descending trend.
In case the current market price of a currency pair is above the bulls` average entry point (buyers of the instrument), we can suggest the ascending trend.
Member Since Feb 22, 2011
4573 posts
Aug 20, 2014 at 11:58
stokvelclub posted:
Hi is is there any best indicators for entry especialy major pairs?,or even trading auto traders?
Best entry could be only achieved by EA.
- no mistakes
- no emotions
- running 24/7 while you sleep
Member Since Jun 09, 2014
134 posts
Sep 08, 2014 at 06:35
Good post mariav. thanks
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