You don't need a special account for the micros. Just add the symbols (MESU21, MNQU21, MYMU21, M2KU21) in the Market Watch window.
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You don't need a special account for the micros. Just add the symbols (MESU21, MNQU21, MYMU21, M2KU21) in the Market Watch window.
Thanks for sharing that. I just now opened a new MT5 demo account and got the micro symbols loaded.
You're getting some calculations wrong because you are focusing on the wrong data...
Here...
Don't look at your profit target column and the red circles, but the actual exit price in the blue circles. The demo engine gave you some slippage, which I can promise you, will never ever ever ever happen with a limit order in the live market. If it did? Well, then you went through a Trump tweet storm, lol!
Wow! That was sooooo helpful. Thank you very much. I greatly appreciate someone being willing to cut to the chase, zero on in on what's needed, and provide a simple answer. It's quite a breath of fresh air. Thanks again!.
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Part 1:...?
Part 2:...A simple approach to assessing price action
Part 3:...How to turn the moving average into a powerful leading indicator
Part 4:...Improving your trading edge with true support and resistance
Part 5:...The complete guide to understanding candlestick analysis
Part 6:...The importance of price momentum
Part 7:...Seeing the big picture with multiple timeframe analysis
Part 8:...Risk management for technical trading
Part 9:...Strategy Masterclass: Mastering the Breakout Strategy
Part 10:.Strategy Masterclass: The any market, any timeframe...
Thursday / July 22, 2021
I'm thinking that going forward, you should begin trading exclusively during periods of heightened volatility, in the direction of the slope of the dashed moving averages, entering and exiting positions as suggested by the lower panel oscillators and the black moving average.
I'm thinking that going forward, you should begin trading exclusively during periods of heightened volatility, in the direction of the slope of the dashed moving averages, entering and exiting positions as suggested by the lower panel oscillators and the black moving average.
The black moving average is the ten-minute baseline. You should enter positions when this measure is reversing direction, as suggested by the five-minute baseline crossing over to the other side of it.
As for the dashed moving averages, they are too far away from the immediate price action to have all the much influence or impact, and it is therefore the ten-minute baseline that is what's most important in executing consistently profitable trades (even though this means you will often compile gains only a couple of pips at a time)...
...and it is followed in terms of the significance of its utility by the 20-minute price range envelope.
As implied by past observations, the general direction of price at the intraday level is conveyed by the slope of the 40-minute price range envelope. However, when and where to enter positions is more dependent of its range rather than its trajectory, along with the 20-minute and 2-hour price ranges...
...though the slope of the 20-minute price range envelope does have a bit more to say in terms of when, and when not, to execute trades following a short-term trend reversal. As for the lower panel indicators, you can pretty much ignore them, given that the decision-making process for when to enter and exit positions is a bit more nuanced than simply noting their levels. (Or go ahead and modify them to reflect the way that you actually ended up trading the above chart configuration.)
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Consequently, going forward, you should use the 40-minute and two-hour price ranges to dictate when you might most successfully purchase binary option contracts via Deriv.com...
Saturday, July 24, 2021
Always wait for a confirmed reversal in the short-term trend as signaled by the five-minute baseline crossing over to the other side of the ten-minute baseline before executing a given trade. (The 17-minute baseline validates such decisions even further.)
...paying particular attention to the degree to which the two-hour price range envelope is (or is not) sloping, and to whether candlesticks are painting on the "off" half of a distinctly sloping two-hour price range envelope located away from the direction of the measure's trajectory.
Always wait for a confirmed reversal in the short-term trend as signaled by the five-minute baseline crossing over to the other side of the ten-minute baseline before executing a given trade. (The 17-minute baseline validates such decisions even further.)
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