Posts made by Dreamland9

Good day everyone, hope you're all doing ok,
I want to ask
Is the observed pattern of AUD/USD, GBP/USD and NZD/USD breaking their support and resistance levels after EUR/USD has broken its support and resistance, long-term correlation, or is it a short-term anomaly?"

@biztet
Thanks alot

I want to sincerely thank everyone for there opinions, I'm really grateful and I've learned alot.

I believe strategies are many but concepts are few
For e.g there may be thousands of strategies but they all follow one concept either a breakout,mean reversion, trend following concepts etc.
So I think I will just specialize on a concept (break out/pullbacks in the direction of the establishment trend and no counter trend strategies) and develope and refine new strategies to trade that concept.

@l-andorrà
Thanks alot

@biztet
Thanks alot

@l-andorrà
You mean I should continuously create new strategies but have few I specialize on

Please I'm new to fx trading and getting overwhelmed with the idea of creating multiple strategies. I want to ask,

1. is it better for a trader to master a few strategies (3-6) and specialize on them refining and updating new ways to trade those particular strategies (cause Market do change) so as to have an edge in the market

Or

2. a trade most continuously create new strategies everytime to have an edge in the market (cause Market do change)

@l-andorrà
Thanks alot I appreciate, you are the reason I started fxdreema, trying to learn mql5 programming language was really hard for me then i saw your YouTube video and became interested in fxdreema

@l-andorrà

First question is close the trade

Second question; when I'm 3 times my stoploss in profit, that is if my stoploss is $100 i need to be in $300 profit that break even will be at $100 profit
In simple term when I'm in 1:3 risk to reward stoploss will be adjusted to 1:1 riak to reward sonas to break even

First question is close the trade

Second question; when I'm 3 times my stoploss in profit

Hello guys, I'm new here
Please, how can I create multiple take profit condition for my ea is all is met then ea should take profit
E.g
Condition 1: RSI (14,1hr timeframe) > 68
Condition 2: RSI (25, 5mins timeframe) > 70
If this two conditions are met then the EA Should take profit

And secondly

How can I set break even to 1:1 when I'm 1:3 in profit
E.g
SL; 100
Entry; 200
Current Market price:500
Break even:300

Thanks alot