Man, that is one hideous looking indicator (just kidding).
It doesn't look like one of them canned indicators. Is it custom made?
EURUSD → Buy Signal → 1.09650 Target
- Thread starter DeusXMac
- Start date
It doesn't look like one of them canned indicators. Is it custom made?
As mentioned, you need to trade with STOP.
And make sure you compute Reward: risk ratio,
win rate etc etc
Entry price - 1.0945
target profit - 1.0965 (20 pips profit)
STOP - 1.9021 (24 pips)
reward : risk ratio : 20 : 24 = 1:1.2
RR ratio expected to be > 2:1
Your RR ratio is very poor.
So your win rate has to be extremely high.
I doubt you want to know why for this trade,
getting RR > 2 is going to be a big challenge.
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Agree with you because it makes the understanding difficult!