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You should however be aware that certain types of software are better than others and it would be safe to say that ‘candlestick pattern recognizer’ is considered by many industry experts to be the best of its kind. Candlestick pattern recognizer is programmed to recognise all of the 40 plus known candlestick patterns and is designed to be used on the Metatrader 4 platform which is probably one of the most robust and reliable trading platforms out there. The software is suitable for users of all abilities due to the fact that it easily identifies clear entry signals and several highly effective exit strategies.
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Very helpful post man, thanks for the info.
Thank You
Patrick
Buongionrno,
si può avere questo materiale in italiano?
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Regards
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Wow! I acquired the indicator package few weeks ago. I can’t believe I have a powerful tool in my possession all this while without making good use of it.
Anyone interested can contact me on ismailajonathan@gmail.com. I will send the idicator to you.
Can you add me?
In one of your great articles I read as per newbie in forex.In which you said is good to start with a token of 300usd.Question…should the trading lot be on 1 pip for 10 usd,1 pip for 1 usd or 1 pip for 0.10 cent?Kindly elaborate on this.
THANKS.
It depends on the stop loss for the trade. Suppose you have a 20 pips stop loss. Your account equity is $300 and you want to risk only 2% of your account in that trade. 2% of $300 is $6. So $6 is your risk. Stop loss is 20 pips. Divide 6 by 20X10 and you will get 0.03 lot size. So you will enter into this trade with a lot size of 0.03 lots.
wait! do we place our risk on our equity or account balance?
There seem to be a difference between both.
Yeah, I meant Account Balance. Use that to calculate the lot size.
Ok, I thought as much.