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When I use a chart with bigger time frame, like H1, H4 or even D1 the kind of strategies used are more easily found, like pivot points, Fibonacci, BB, Donchian Channels. But for smaller time frames like M5 or even M1 it seems to not work well (did I undertand wrong?).
What can be taken into consideration to aid a trade / EA that works using M1 or M5?
So someone enlighten me how this ea works.
would like to give it a try. im stuil ll learning how to trade to be honest.
My point is. What should be taken in consideration regarding entry and exit signals to trade on M1 and M5?
Hi, I suppose since the market is fractal in nature, strategies applicable on higher timeframe should also be applicable to lower timeframe, except that as you go lower, market noise and commission costs will likely cause your higher timeframe strategies to fail. Just my thots...
shareing some of my secrets.
At the end of trading session, give yourself and your trading actions a review of your success and failures. Analyse what you did and why, so you are more aware of your own actions as they happen next time. This will help avoid the same mistakes.
I think one should always look at higher TFs and see how the market is moving. Look at M15 and H1. Personally I use MA10, MA20 and MA50 to determine trend.
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