How to autotrade Support and Resistance in Forex - Part 8 - Trade Automation II
Summary of GBPUSD automated trade triggered from the support trendline drawn in Part 7 of the video series. In this video we can see how price action came down to test the support level and the trade was automatically entered by the Trendline Trader Pro expert advisor. The drawdown was virtually non-existent as price action ticked into the 2 pip trigger zone above the trendline which had been configured to auto-trade previously. The risk/reward for this automated trade was slighyly below 2:1 - the exact stop loss and take profit pip values were 17 pips and 29 pips respectively.
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Part 8 - • How to autotrade Support and Resistan...
Part 7 - • How to autotrade Support and Resistan...
Part 6 - Pivots - • How to autotrade Support and Resistan...
Part 5- Price derived support and resistance levels - • How to autotrade Support and Resistan...
Part 4 - Market Direction / Trend - • How to autotrade Support and Resistan...
Part 3 - Drawing Trendlines - • How to autotrade Support and Resistan...
Part 2 - Swing Points and Fractals - • How to autotrade Support and Resistan...
Part 1 - Introduction - • How to autotrade support and resistan...
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