Forwarded from wikirobo
Look, unlike most indicators that show moving averages,
this indicator displays two prices when a candlestick is formed: one for Buy Limit and the other for Sell Limit.
When the price reaches the entry point, there are two possibilities:
either the price breaks that level or it bounces back from it.
The higher the timeframe, the more reliable the signal is.
Personally, I usually choose the entry points on the 4-hour timeframe —
but only if the stop loss is less than 30–40 pips.
Then, when the price reaches the entry point, I wait for a reversal pattern on the 15-minute timeframe.
If I see a reaction to the entry level, I enter the trade.
this indicator displays two prices when a candlestick is formed: one for Buy Limit and the other for Sell Limit.
When the price reaches the entry point, there are two possibilities:
either the price breaks that level or it bounces back from it.
The higher the timeframe, the more reliable the signal is.
Personally, I usually choose the entry points on the 4-hour timeframe —
but only if the stop loss is less than 30–40 pips.
Then, when the price reaches the entry point, I wait for a reversal pattern on the 15-minute timeframe.
If I see a reaction to the entry level, I enter the trade.
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🏛️ XAUHQ | FOREX HEADQUARTERS
Gold is trending upwards, don't look for selling positions right now.
The price reached the H1 limit sell point. You can move sl to entery point or save it
+60 pip
+60 pip
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📊 Poll:
Hey everyone, I’ve developed a custom expert advisor (EA) for DAX with Stop Loss and Take Profit levels. Would you like me to share it in the channel so you can test it out? note: "You can only test this with a live account."
Hey everyone, I’ve developed a custom expert advisor (EA) for DAX with Stop Loss and Take Profit levels. Would you like me to share it in the channel so you can test it out? note: "You can only test this with a live account."
Anonymous Poll
93%
👍 Yes
7%
👎 No!
🏛️ XAUHQ | FOREX HEADQUARTERS
It can have good selling potential from this point. Wait for a downward trend.
The trend didn’t change; we just had a 170-pip price correction. We need to wait until tomorrow to see which direction the market will establish a proper trend.
🏛️ XAUHQ | FOREX HEADQUARTERS
There is a possibility of a price reversal. Wait for an upward trend.🤔🤔🤔🤔
It went up a hundred pips but the trend is still down on the four-hour and one-hour timeframes.
🏛️ XAUHQ | FOREX HEADQUARTERS
XAUUSD
According to the Wiki Robo indicator analysis, the price reached the H4 buy-limit level and reversed. The trade is now 75🟡 PIP in profit—you can set it to risk-free (move the stop to breakeven)
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