At present I’m about to current you a assessment of trades made by the Breakout Scalper technique by the Prop GT Skilled Advisor on the EURUSD foreign money pair for the week from June 17 to June 21, 2024.
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Summer time interval is commonly characterised by decreased volatility and fewer predictable actions of the EURUSD foreign money pair because of the trip season and decreased buying and selling exercise on the world markets. Regardless of this, the Prop GT Skilled Advisor successfully adapts to adjustments out there, persevering with to search out alternatives for worthwhile trades even in such circumstances.
Fig. 1. EURUSD BUY 38.67, OpenPrice = 1.07409, Revenue = -$4708.
The primary commerce was opened on June 19. Prop GT Skilled Advisor recognized a key resistance degree and activated an order to interrupt this mark at 1.07409. After the market overcame this degree, Prop GT triggered a further lengthy order. Nevertheless, the market abruptly modified course, because of which each trades closed with a loss. On this present day, no additional buying and selling operations have been carried out by the Skilled Advisor, because the every day threat restrict of 4.8% was reached. The Skilled Advisor robotically closed all open positions and avoided new trades till the following buying and selling day. Accepting losses is an inevitable a part of buying and selling, and the important thing ability is their efficient administration, which the Prop GT Skilled Advisor efficiently demonstrates.
Fig. 2. EURUSD SELL 48.96, OpenPrice =1.07325, Revenue = +$6747.
The following commerce was opened on June 20. Prop GT recognized an necessary assist degree at 1.07325, and as soon as it was recognized, the EA patiently waited for the precise second to enter the market. As quickly because the assist degree was damaged, Prop GT opened the primary commerce for promoting, which was efficiently closed at TakeProfit, bringing a revenue of 6% from one commerce.
After closing this commerce, the worth continued to maneuver downwards, demonstrating continuous motion, which is a wonderful sign to open one other promote commerce. Because of this, Prop GT Skilled Advisor opened two trades for promoting on June 20, bringing a complete revenue of 6.8%.
Fig. 3. EURUSD SELL 24.8, OpenPrice =1.07031, Revenue = + $2504.
On the finish of June 20, a assist degree at 1.07031 was fashioned on the EURUSD chart. The worth continued to commerce close to this degree with out shifting distant from it, which served as a powerful sign of a possible breakout. On June 21, this assist degree was damaged, however after the breakout, the worth briefly reversed with out shifting within the anticipated course. The Prop GT Skilled Advisor didn’t shut the commerce instantly, because the potential losses didn’t exceed the set threat restrict for the day.
Because of this, there was a pointy impulsive worth motion within the course of the open place, which allowed the Skilled Advisor to repair the revenue in time. For one commerce, +2.5% was earned, which demonstrates the effectiveness of the technique and the correctness of the danger administration settings of the Skilled Advisor.
Fig. 4. EURUSD SELL 29.34, OpenPrice =1.06923, Revenue = + $3185.
After the profitable closing of the earlier worthwhile commerce, the Prop GT Skilled Advisor didn’t waste time and instantly opened one other commerce for promoting. As you understand, degree breakout is commonly accompanied by a pointy impulsive motion, and the Skilled Advisor successfully makes use of such moments to enter the market. The chart reveals that the worth confirmed a pointy decline, which was the optimum sign for opening new promote positions.
The following commerce was opened on the worth of 1.06923. The Skilled Advisor rapidly mounted a part of the revenue, after which closed the commerce fully at TakeProfit. Because of this, this commerce introduced a further +3.1%. The entire revenue for June 21 was 5.6%, demonstrating the excessive effectivity of the Prop GT Skilled Advisor.
Because of this, in a single week the Prop GT Skilled Advisor introduced a revenue of seven.7%, which is a wonderful consequence. For individuals who use the EA on the Prop Agency account, the Challenger was efficiently accomplished in virtually one week. Additionally, regardless of unprofitable trades, the EA didn’t exceed the allowable drawdown, which is in accordance with the foundations of Prop Companies. All this confirms that the Skilled Advisor is superb at buying and selling on the Prop Companies’ accounts. Beneath you’ll be able to see the outcomes of all trades this week!
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