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#mt5 #autotrade

Mastering MQL5: Creating a MT5 Script for MA15 indicator - Day 6

Learn how to create custom indicators in MT5 with our step-by-step guide. Explore the world of forex trading and empower yourself to automate tasks and execute strategies with precision.

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#mt5 #autotrade

Mastering MQL5: More Built-In Constants - Day 5

Discover and utilize key built-in constants in MetaTrader 5 for optimized Expert Advisor coding. Explore trade constants, mathematical gems, market insights, price illumination, and color creativity.

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#mt5 #autotrade

Mastering MQL5: Control Structures and Looping - Day 4

Let's explore conditional statements, looping structures, and control statements in MetaTrader 5. Elevate your Expert Advisor coding skills with real-life examples for strategic decision-making and iterative tasks.

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Expert Advisers (EA)
Tips and tricks in investment
Forex 101

Chart Patterns

Learn basic price action's Chart Pattern.

Symmetrical Triangle

#Triangle Patterns

This pattern is formed by two converging trendlines, one connecting higher lows and the other connecting lower highs, creating a triangle-like shape on the price chart. The symmetrical triangle pattern suggests a state of balance between buying and selling pressure, indicating indecision in the market.

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Engulfing Candlestick

#Reversal Pattern

The engulfing candlestick pattern is a popular chart pattern used in technical analysis to identify potential trend reversals. It consists of two candles and suggests a shift in market sentiment from bullish to bearish or vice versa.

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Cup and Handle

#Continuation Pattern

The Cup and Handle pattern is a popular chart formation that signals a bullish continuation in technical analysis. This pattern typically occurs during an uptrend and suggests a temporary pause in the price movement before resuming the upward momentum. Recognizing the basic characteristics of the Cup and Handle pattern is essential for traders seeking to identify potential trading opportunities.

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Head and Shoulders

#Reversal Pattern

The pattern resembles a human head with two shoulders on either side. Understanding the basic characteristics of the Head and Shoulders pattern is essential for traders looking to identify potential trading opportunities.

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Double Top and Double Bottom

#Reversal Pattern

A double top pattern occurs when the price of an asset reaches a significant high, retraces, and then rallies again to approximately the same level as the previous high before experiencing a downward reversal. The pattern resembles the letter "M" on the price chart.

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