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Hello, fellow traders! Let me help clarify things for you.
clrajapaksha: No problem at all. I'll elaborate. This EA, based on the indicators mentioned, is designed to help you identify trends in the forex market, particularly when it's a good time to go long (buy). When all these conditions are met:
Up Arrow Signal: Look for a signal with an up arrow.
GUPPY MMA: The green lines should be above the red ones, and all lines (green, red, and yellow) should consistently point upwards.
LAGUERRE: The Laguerre indicator's line should cross the 0.15 level from the bottom up.
MACD: It's crucial that the MACD is above 0 at the moment of the signal.
When these criteria align, it suggests a favorable time for a long position in the market.
buachomfx: This EA is primarily designed for auto trading based on these indicators. You set it up, and it can execute trades for you. However, you can also use it as a signal generator for manual trading if you prefer.
zeb19855: I understand your confusion. These indicators can be a bit complex for beginners. The purpose is to help you make informed trading decisions.
jay007hot3: You can use this EA without a VPS, but as I mentioned earlier, it's best for auto trading when you can't be at your computer 24/7. The income potential varies depending on market conditions, risk management, and your trading strategy. It's important to backtest and start with a demo account to understand how it performs before using real funds.
valent: This is an Expert Advisor (EA), which is a type of automated trading system. It uses these indicators to generate trading signals and can execute trades automatically. You don't have to trade manually based on these signals unless you prefer to.
azaib77: The missing indicators you mentioned, HMA and Laguerre, could be useful additions. But, sometimes simpler strategies work better.
jamesphuc: This EA is primarily for auto trading. You set it up, and it can trade on your behalf based on the signals it generates. While it's semi-automated in the sense that it generates signals, you don't necessarily have to do manual trading unless you want to double-check and confirm the signals before execution.
I hope this clarifies things for everyone.
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