Prop Grasp Professional Advisor makes use of the breakout technique of key assist and resistance ranges to open trades. This technique is predicated on the concept assist and resistance ranges are essential factors on the chart the place worth can change path. When worth breaks these ranges, it will probably sign a continuation of the development, and Prop Grasp routinely opens trades to reap the benefits of this motion. This method means that you can discover optimum entry and exit factors available in the market, minimizing dangers and growing earnings. To raised perceive the work of the Professional Advisor, let’s analyze the commerce made by Prop Grasp on 18.06.2024.
Fig. 1 Chart of the commerce from 18.06.2024
The very first thing that the Professional Advisor did was to establish the important thing assist and resistance ranges, on the breakout of which the commerce will likely be opened. On this commerce, the Professional Advisor decided that the resistance degree is at 1.07411 and the assist degree is at 1.07102. After figuring out the degrees, the Professional Advisor patiently waited for a possibility to open a commerce. In our case, the value reached the assist degree, however this degree was not damaged, so the EA continued to attend for an entry level. Then the market began to maneuver to the resistance degree, and as we will see on the chart, this degree was damaged. That is what the Prop Grasp Professional Advisor was ready for. In consequence, on the degree of 1.07411 the Professional Advisor opened a commerce, which introduced a revenue of 212$.
Now many individuals have a query why the EA mounted the revenue so early. Every commerce is accompanied by a trailing cease. Particularly on this commerce, if we change to a decrease timeframe, we will see how the market began to reverse. The Prop Grasp Professional Advisor has closed the commerce for the customers to get revenue.
Fig. 2. Bearish candle on the decrease timeframe
If we take a look at this specific commerce, it could appear to a lot of you that the trailing cease prevented us from incomes. Certainly, we earned lower than we may have. However buying and selling isn’t just one commerce. I recommend you to check the outcomes of the Professional Advisor with and with out trailing cease. Evaluating these outcomes, we will conclude that usually trailing cease helps us to make revenue, not vice versa.
Fig. 3. Outcomes of the operation of the Professional Advisor with the trailing cease on and with out it
Utilizing the Prop Grasp Professional Advisor means that you can eliminate the necessity to consistently analyze and seek for trades, on the identical time bringing you revenue. The Professional Advisor routinely determines optimum entry and exit ranges, serving to you to keep away from emotional choices and concentrate on reaching long-term earnings. In our instance, Prop Grasp efficiently made a purchase commerce, incomes $212, which demonstrates the effectiveness of the technique of breaking key ranges.
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