July 19, 2024
Evaluation of the commerce made by the Prop Grasp Skilled Advisor on June 18, 2024 – Charts – 22 June 2024

Prop Grasp Skilled Advisor makes use of the breakout technique of key help and resistance ranges to open trades. This technique is predicated on the concept help and resistance ranges are vital factors on the chart the place worth can change course. When worth breaks these ranges, it could actually sign a continuation of the pattern, and Prop Grasp mechanically opens trades to reap the benefits of this motion. This strategy lets you discover optimum entry and exit factors available in the market, minimizing dangers and growing earnings. To raised perceive the work of the Skilled 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 Skilled Advisor did was to determine the important thing help and resistance ranges, on the breakout of which the commerce might be opened. On this commerce, the Skilled Advisor decided that the resistance stage is at 1.07411 and the help stage is at 1.07102. After figuring out the degrees, the Skilled Advisor patiently waited for a chance to open a commerce. In our case, the value reached the help stage, however this stage was not damaged, so the EA continued to attend for an entry level. Then the market began to maneuver to the resistance stage, and as we are able to see on the chart, this stage was damaged. That is what the Prop Grasp Skilled Advisor was ready for. In consequence, on the stage of 1.07411 the Skilled Advisor opened a commerce, which introduced a revenue of 212$.

Now many individuals have a query why the EA fastened the revenue so early. Every commerce is accompanied by a trailing cease. Particularly on this commerce, if we swap to a decrease timeframe, we are able to see how the market began to reverse. The Prop Grasp Skilled Advisor has closed the commerce for the customers to get revenue.

Fig. 2. Bearish candle on the decrease timeframe

If we have a look at this specific commerce, it could appear to lots 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 Skilled Advisor with and with out trailing cease. Evaluating these outcomes, we are able to conclude that generally trailing cease helps us to make revenue, not vice versa.

 Fig. 3. Outcomes of the operation of the Skilled Advisor with the trailing cease on and with out it

Utilizing the Prop Grasp Skilled Advisor lets you do away with the necessity to always analyze and seek for trades, on the identical time bringing you revenue. The Skilled Advisor mechanically determines optimum entry and exit ranges, serving to you to keep away from emotional choices and deal with attaining 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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