Price Action EA, NO MORE SCREEN CAMPING
Price action ea trading has has become extremely popular over the years and many traders consider this as the ultimate way to make constant profits in the forex markets. So it only makes sense that EA developers were trying to build a stable price action ea. But first, what exactly is price action trading?
A price action trader observes the relative size, shape, position, growth and volume of the bars on an candlestick chart, starting as simple as a single bar, most often combined with chart formations. The use of price action analysis for financial speculation doesn’t exclude the simultaneous use of other techniques of analysis, and on the other hand, a minimalist price action trader can rely completely on the behavioral interpretation of price action to build a trading strategy.
How does a price action ea work?
The price action EA’s we offer work almost the same as if you would trade manually using the price action trading method. Thus, when bars start to develop rapidly (and volatility increases) this EA enters the market. Each trade comes with a stop loss, take profit and trailing stop. A few Price action EA developers allow you to test the EA in the strategy tester of the metatrader4 platform. The first step to understand this strategy is to back test it and see what it does. The trick is to avoid “false break outs” which happen a lot during trading sessions. So by back testing it, you can select your preferred settings. In case you want to save time it is absolutely a good idea to automate your trading strategy using a forex robot.
Sign up on the free forex robot page to test a price action ea for free.
Make sure that before you start auto trading you understand the pitfalls of algo trading. Contact us for any questions that might arise.