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What is Forex? Did you know that the foreign exchange market (forex or FX) is the largest market in the world, with some US$5 trillion in average daily transactions? All the world's combined stock markets don't even come close to this.

The forex trading model should account for timing dependencies, if there are any, like follows: As soon as the Robot finds a counter trend as indicated by a red bar the program goes into "alert" status and waits for the first opportunity to enter the market immediately after a blue bar is formed. Bearish engulfing and double top: Each time frame has a logical purpose and is said to be modeled after Gann's concept that the markets are essentially geometric.

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Home forex lines 7 indicator forex lines 7 indicator. Top Expert Advisors September Top Expert Advisors September – Best Forex EA’s – FX Robots Dear fellow Forex trader, Welcome to this % free testing website. BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS.

Phone Number Please fill out this field. Country Please Select Please select a country. Yes No Please fill out this field. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Or, read more articles on DailyFX. Your forecast is headed to your inbox. An error occurred submitting your form. When testing a trend-following system we should expect that a trend of days, compared with a trend of 50 days, will produce larger profits per trade, greater reliability, and proportionally fewer trades.

As you increase the calculation period this pattern continues; when you reduce the calculation period this pattern reverses. You are prevented from using very short calculation intervals because slippage and commissions become too large; the longest periods are undesirable because of large equity swings. There must be a clear, profitable pattern when plotting returns per trade versus the average holding period.

Each time frame has a logical purpose and is said to be modeled after Gann's concept that the markets are essentially geometric. The shortest time frame is the one in which you will trade, in addition, there are two longer time frames to put each one into proper perspective. The patterns common to time frames are easily compared with fractals; within each time frame is another time frame with very similar patterns, reacting in much the same way.

You cannot have an hourly chart without a minute chart, because the longer time period is composed of shorter periods; and, if the geometry holds, then characteristics that work in one time frame, such as support and resistance, should work in shorter and longer time frames.

Within each time frame there are unique levels of support and resistance; when they converge, the chance of success is increased. The relationships between price levels and profit targets are woven with Fibonacci ratios and the principles of Gann. One primary advantage of using multiple time frames is that you can see a pattern develop sooner. A trend that appears on a weekly chart could have been seen first on the daily chart. The same logic follows for other chart formations.

Similarly, the application of patterns, such as support and resistance, is the same within each time frame. When a support line appears at about the same level in hourly, daily, and weekly charts, it gains importance. Trend line break out and Double bottom: Inverse Head and Shoulder: The upside prevails, The RSI shows upside momentum. Turning down, The RSI shows downside momentum.

Further advance, The RSI shows upside momentum. Continuation of the rebound, The RSI shows upside momentum. Turning down,The RSI shows downside momentum. The bias remains bullish, The RSI is mixed to bullish. The upside prevails as long as 1. The MACD is positive and above its signal line. The configuration is positive.